Problem
Word gets out that you are pretty good at providing free advice to your family and you are at a basketball game the next week with your older brother Beamer, age 40. He currently changed jobs and while he does have group term life insurance protection (up to one times his salary of $200,000/year) at work he wants to ensure his wife and children are taken care of if he were to pass away unexpectedly, possibly providing additional death benefit protection of $1.5 million for the remainder of his life. He really wants to save more in taxes now but has already maximized all his tax-deferred retirement options. He is very aggressive when it comes to investing and doesn't mind if his premiums on a policy were to go up or down. What type of life insurance policy and riders would you recommend?5. Word gets out that you are pretty good at providing free advice to your family and you are at a basketball game the next week with your older brother Beamer, age 40. He currently changed jobs and while he does have group term life insurance protection (up to one times his salary of $200,000/year) at work he wants to ensure his wife and children are taken care of if he were to pass away unexpectedly, possibly providing additional death benefit protection of $1.5 million for the remainder of his life. He really wants to save more in taxes now but has already maximized all his tax-deferred retirement options. He is very aggressive when it comes to investing and doesn't mind if his premiums on a policy were to go up or down. What type of life insurance policy and riders would you recommend?