Cash Value Life Insurance vs Roth Conversion - The Pros & Cons

So real quickly let's just kind of hit the pros and the cons and then let me give you a really good bottom line example. So the pros of putting doing the cash value life insurance alongside a Roth conversion is you got tax deferred growth, you get tax free withdrawals through these loans. You got to structure properly to do all that stuff. You got a death benefit for your heirs and you have some potential for long term care benefits. Some of the policies are structured in a way where you can kind of get some long term care against the death benefit. I mean against cash value. Some of the cons or the negatives toward doing that is that you got a lot higher premiums compared to just term insurance. And many of you or many of the people that we talk to are at a place in their life that they really don't need life insurance anyway. So just the death benefit alone probably is not that big of a benefit for most people.