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2 episodes with death benefit
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Would you rather pay $145,000 or $245,000 in total premiums to have $1,300,000 in long term care benefits at age 85? When we pay our premiums over a shorter number of years, we almost always pay less than if we pay a smaller rate for the rest of our lives. It's important to understand the big picture of both physical and financial health when designing a plan. If I don't ask questions, I won't know if there is a way to pay $100,000 less for the same benefits. Estimate recurring LTC premiums Schedule 15 minutes to ask a question Learn how much income and assets your state Medicaid system lets you keep Listen to more episodes Learn current and projected LTC costs of home care, assisted living and nursing homes where you live Schedule to design your plan
There are so many ways to design a long term care plan. However, different planning strategies offer their own unique benefits. For example, LTC Partnership Protection is only available on stand-alone LTC plans. Cash benefits and return of premium options are stronger with hybrid life/LTC and annuity /LTC plans. We will work together to decide which plans and benefits will meet your family's needs best. Listen and learn more and then schedule with me to design your plan
In this episode, we dive into a question raised at a recent boot camp: ‘But what if I don't need the death benefit?' Join us as we explore why the death benefit is a critical piece of Infinite Banking, and discover creative ways it can be used! You won't want to miss our insights! The post But I don't need Death Benefit appeared first on Life Success Legacy.
Looking To Get Started With Your Infinite Banking Journey? Watch The 90 Minute Presentation Here: https://themoneymultiplier.com/presentation Join us for a LIVE, in-person event - The Money Multiplier Mastermind on October 10-12. Register by visiting https://www.themoneymultiplier.com/mastermind2024 In this episode of The Money Multiplier Podcast, I'm back in the studio after a busy travel schedule to dive into an important topic – the real value of your whole life insurance death benefit. I share personal client stories, discuss why the death benefit matters more than you think, and even reflect on a powerful conversation I had with Rudy Giuliani. We'll talk about financial planning, the importance of understanding the Infinite Banking Concept, and how to ensure you're maximizing the benefits of your policy. Grab a drink, get comfy, and let's ask ourselves – do our dollars make sense? Have a topic you want me to discuss? Feel free to send any questions or comments to podcast@themoneymultiplier.com. To view a recorded version of our presentation on the Infinite Banking Concept, please visit: https://themoneymultiplier.com/presentation For other resources: https://linktr.ee/themoneymultiplier Hannah: https://www.instagram.com/hannah_kesler #TheMoneyMultiplier #FinanceTips #InfiniteBanking Music Content ID Code: W1PAII3MR9FZFQGY
Ever wondered if you're buying too much life insurance? In this episode, we challenge traditional methods for calculating how much coverage you need. We'll reveal why common approaches often leave you confused and resistant to purchasing adequate protection. You'll discover our fresh, practical method for determining the right amount of life insurance. We break down how to focus on generating income for your family rather than fixating on a lump sum. Through a clear example, we'll show you how this approach can even help with your retirement planning. We also tackle your burning questions about annuities and term insurance, explaining how they fit into the bigger picture. You'll learn why one size doesn't fit all when it comes to life insurance. By the end of this episode, you'll have the tools to confidently assess your actual coverage needs and make informed decisions about your family's financial future. _____________________________ If the content of this episode )or any of the other 390 we've recorded) resonates with you and you are looking for help that applies specifically to your situation, please click here to contact us.
In this conversation, Tripp Limehouse discusses the Green Line Principle, a safe money strategy that can help protect and preserve retirement savings. The principle offers principal protection, potential for accumulation, lock-in and reset features, tax-deferred growth, and lifetime income options. It also provides inflation protection and a death benefit for beneficiaries. Tripp emphasizes that the Green Line Principle is customizable and should be incorporated into a comprehensive retirement plan. He encourages listeners to learn more about it and offers a written plan for retirement. To connect with Tripp call 800-940-6979. Visit Limehouse Financial to learn more.See omnystudio.com/listener for privacy information.
In this episode of the Tactical Empire Podcast, Jeff Smith and Shawn Rider discuss alternative investment strategies and highlight the pitfalls of traditional stock market investments. They emphasize the importance of financial education, advocating for investments in real assets and high early cash value life insurance over the traditional 401ks and mutual funds. The conversation delves into the risks and limitations of relying on the stock market for long-term wealth, proposing that real estate and other tangible assets offer better financial security and cash flow. They also cover the benefits of life insurance policies, including guaranteed returns and death benefits, as critical components of a comprehensive financial plan. The episode serves as a guide for anyone looking to achieve financial freedom and create wealth in the short, medium, and long term.Chapters: 00:00 Introduction: Fighting Back Against Mediocrity00:33 Meet Shawn Rider: Family and Travel03:23 The Importance of Choices03:40 Investing Strategies: Stock Market vs. Hard Assets06:03 The Risks of Stock Market Investments12:11 Alternative Investment Strategies20:03 The Power of Life Insurance31:02 Conclusion: Achieving Financial FreedomYou can connect with Shawn Rider on Facebook and Instagram. If what you heard resonated with you, you can find Jeff on Instagram, Facebook. If you're interested you can visit The Tactical Empire's website https://www.thetacticalempire.com/home-4169. And don't forget to visit us on Apple Podcasts to leave a review and let us know what you think! Your feedback keeps us going. Thanks for helping us spread the word!
This podcast was originally a YouTube video, you can watch that video here: https://youtu.be/9mFgp2gE4PMYou don't need to work longer, you just need a better plan. Schedule a consultation with Charles to tailor a plan that suits your unique financial goals: https://calendly.com/charlesdzama/dzamatalk-complimentary-15-min-phone-callLINK TO OPM: https://www.opm.gov/retirement-center/fers-information/survivors"Understanding the FERS Basic Employee Death Benefit (BEDB): A Crucial Safety Net for Federal|Employees"Chapters:0:01 - Introduction to the Episode0:25 - Why talk about it? - Misconceptions about BEDB0:40 - Overview of FERS and BEDB1:20 - Real-life Impact: A Family's Story|2:35 - How BEDB Works: Detailed Explanation3:24 - Will I eat up my Sick and Annual Leave Importance of Sick and Annual Leave4:33 - Strategic Use of Leave for Health Issues5:15 - Financial Details of BEDB5:47 - Closing Remarks and How to Get More InformationConnect with CD Financial for More Insights: Twitter: /CDFinancial_LLC Instagram: /CDfinancial. Ilc Facebook: /CDFinancialLLCl LinkedIn: /cd-financial-Ilc |Visit our Website https://cdfinancial.org/Subscribe and Stay Updated:Don't miss out on crucial advice for your financial journey. Subscribe now for weekly insights and strategies to secure your retirement.Get More from CD Financial:Looking for personalized advice? Schedule a consultation with Charles to tailor a plan that suits your unique financial situation. https://calendly.com/charlesdzama/dzamatalk-complimentary-15-min-phone-calli#RetirementPlanning #TSP #401K #FinancialAdvice #InvestmentStrategySupport the Show.
The premium due date for your LIC policy is coming, but you do not want to pay it. You want to surrender your policy. While you will get some money in return (lower than premiums paid so far), your death benefit will be gone. What if you get the money and part of the death benefit still continues? Ketan Mehta, founder & Director of ACESO Endowment Services, has found a way out - assign your policy to a trust set up by Mehta. Watch the video to know more.
Scott welcomed Jay Rosencrance, RICP, WMCPin studio for a discussion on annuities and the history of Athene. Jay is the VP/Relationship Manager at Athene. Jay the VP/Relationship Manager for Athene covering accounts across the country. He has spent bulk of his 32 year career involved in retirement income planning. Prior to Athene, he worked at Genworth Financial as VP, Sports and Entertainment, where he worked on post career income planning for professional athletes. Before that, he was a Master Black Belt at GE Transportation Systems. He finds that wherever he has worked, he bring three key strengths to the table: strong interpersonal skills (team player), detail oriented with strong analytical and problem solving skills, and the ability to succeed through a strong work ethic. When not working, he loves to spend time with his wife of 32 years (Amy), and their 2 children (Sean - 25, and Erin - 22). He also enjoy running, and has completed 10 marathons.In the episode, you will learn the following:The Athene story – Innovative products, distribution channelsAthene's technological advancements, such as e-applications and index strategy presets, which streamline processes and benefit consumers.Planning strategies like partial Roth conversions, emphasizing tax benefits and the mechanics of recharacterizing traditional IRAs into Roth IRAs within Athene products.Athene Connect is a valuable resource for advisors, offering tools, webinars, and sales kits to enhance their practice and better serve clients.Connect with Scott on LinkedInConnect Jay with on LinkedInFor more on The Optimized Advisor Podcast click here For more on Athene click hereFollow us on LinkedInFollow us on InstagramFollow us on Facebook Disclosures:Guarantees provided by annuities are subject to the financial strength and claims paying ability of the issuing insurance company.Any information regarding taxation contained herein is based on our understanding of current tax law, which is subject to changeand differing interpretations. This information should not be relied on as tax, legal or financial advice and cannot be used by any taxpayer for the purposes of avoiding penalties under the Internal Revenue Code. We recommend that taxpayers consult with their tax or legal professionals for applicability to their personal circumstances. Under current tax law, the Internal Revenue Code already provides tax deferral to qualified money, so there is no additional tax benefit obtained by funding a qualified contract, such as an IRA, with an annuity; consider the other benefits provided by an annuity, such as lifetime income and a Death Benefit.Required Minimum Distribution as defined by Internal Revenue Code Section 401(a)(9). A diversified allocation does not ensure positive interest credits in any given year. **This is the Optimized Advisor Podcast, where we focus on optimizing the wellbeing and best practices of insurance and financial professionals. Our objective is to help you optimize your life, optimize your profession, and learn from other optimized advisors. If you have questions or would like to be a featured guest, email us at optimizedadvisor@optimizedins.com Optimized Insurance Planning
Myths, Mysteries & Misconceptions #16: Borrow From The Death Benefit So, you think you can pay a premium one time and then borrow from the full death benefit amount….? Yikes! No. There's more to this misleading idea than at “face value” (pun intended;) Let's clear this myth up! LIVE & LEAVE A LASTING LEGACY If you have any topics you'd like to see covered, if you have any questions concerning this video or another or if you would like to request a webinar meeting to personally discuss how you can practice the Infinite Banking Concept as described in R. Nelson Nash's book Becoming Your Own Banker, please contact us at: www.durhamtalents.com LIVE & LEAVE A LASTING LEGACY All content on this channel is for informational purposes only. Please contact your own Attorney, Financial Planner, Tax Consultant, or other appropriate professional as necessary.
Craig Day and Kim Guest discuss the tax treatment when a client requests a super lump sum withdrawal but then dies before the payment is made. Hosted on Acast. See acast.com/privacy for more information.
Do you really need life insurance? What factors impact your life insurance decisions? 00:00 - Intro 00:38 - Introducing Ben Krapu - Financial Advisor for Knights of Columbus 00:59 - Most Important Insurance Policies 02:20 - Is Life Insurance Essential For Everyone? 03:12 - Term vs Permanent Life Insurance 04:13 - Shopping Around - What to Look For? 07:26 - The Claim Process 10:36 - Is to Get Too Much Life Insurance Possible? 16:14 - Personal Life Insurance Philosophies 19:34 - Blanket Advice from the Internet 23:44 - Different Term Life Insurance Strategies 25:40 - Protecting Your Insurability 30:59 - Get Motivated to for Life Insurance 34:06 - Consequences 36:38 - Learn More About Ben and the Knights of Columbus In Episode 66 of the HopeFilled Financial Podcast, Jay interviews Ben Krapu, a financial advisor with the Knights of Columbus. Together, they discuss the need for life insurance and what you might need to know. Life insurance is a challenging topic to think about, but it can be an essential building block to your financial well-being. There are many types of life insurance products out there, and it is important for you to understand what will serve you best in your exact situation. This interview is a great introduction to the topic. What did you learn from today's episode? Links: More About the Knights of Columbus: https://www.kofc.org/en/what-we-do/insurance/index.html More About Ben: https://info.kofcassetadvisors.org/Meet-Ben-Krapu.html Please don't forget to like, share, and subscribe! Doing so helps us grow and share HopeFilled financial wisdom. We release a new episode every Tuesday! Subscribe if you don't ever want to miss an episode! You can submit a question on our website (hopefilledfinancial.com) or message us on Facebook (@HopeFilledFinancial). Disclaimer: This podcast serves as educational entertainment only. Any and all opinions relating to real estate, law, taxes, insurance, and/or securities investing that may be contained within this podcast should not be interpreted or implemented as recommendations nor advice. The opinions related to these topics – especially those regulated by state and/or federal entities – should never be taken as replacement for advice from a competent, licensed professional. HopeFilled Financial Coaching is not liable for any individual acting on any understanding of topics directly or indirectly related to real estate, legal practice, taxes, insurance, or investing even if an individual in question changed their understanding after listening to this podcast. All listeners are entirely responsible for seeking advice from licensed professionals before taking any action of their own. Our Website: HopeFilledFinancial.com Music: "Take Me Higher" by Jahzzar Music Copyright License: This music is licensed under the Creative Commons Attribution-ShareAlike 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/by-sa/4.0/ or send a letter to Creative Commons, PO Box 1866, Mountain View, CA 94042, USA.
EncycloMedia Series #08 Death Benefit In this installment we cover: Death Benefit, Coverage, Face Amount Protection, etc. as it particularly relates to Whole Life Insurance for Infinite Banking. Enjoy this exposure to these topics and feel free to dive deeper in our other Series' or have a consultation call for clarification. Welcome to our EncycloMedia Series! This series is dedicated to defining, classifying, and describing the particulars of Whole Life Insurance as the ideal asset to use for Infinite Banking as described by R. Nelson Nash in his book, Becoming Your Own Banker. LIVE & LEAVE A LASTING LEGACY If you have any topics you'd like to see covered, if you have any questions concerning this video or another or if you would like to request a webinar meeting to personally discuss how you can practice the Infinite Banking Concept as described in R. Nelson Nash's book Becoming Your Own Banker, please contact us at: www.durhamtalents.com All content on this channel is for informational purposes only. Please contact your own Attorney, Financial Planner, Tax Consultant, or other appropriate professional as necessary.
The guys have said it time and time again.. The death benefit is nothing to be downplayed.Nobody said IBC is simple – and this episode is evidence that you need to have adequate guidance when it comes to managing a financial system like this.Dave and Paul will give you the straight facts for why death benefit is nothing to overlook – as well as a nifty way to shift your 401k savings into a safer, more profitable spot..Becoming Your Own Banker by Nelson Nash: https://infinitebanking.org/product/becoming-your-own-banker/ref/46/Episode Highlights:0:00 - Introduction0:27 - Episode beginning2:20 - Update on Paul's construction loan5:11 - Listener question10:05 - The importance of the death benefit12:31 - “Let's imagine you own a machine”16:55 - The house analogy19:04 - Two things are guaranteed20:45 - For those close to retirement w/ a 401k24:19 - You're better off learning nothing than learning the wrong thing27:33 - Construction on Paul's new house28:16 - Episode wrap-upABOUT YOUR HOSTS:David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money. David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life. Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a MA in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich. As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people. Catch up with David and Paul, visit the links below! Website: https://infinitebanking.org/agents/Fugere494 https://infinitebanking.org/agents/Befort399 LinkedIn: https://www.linkedin.com/in/david-a-befort-jr-09663972/ https://www.linkedin.com/in/paul-fugere-762021b0/ Email: davidandpaul@theibcguys.com
Most of us want to stay home when long term care services are needed. Often, we can if we have a strong family support system. Sometimes, it's safer to move to assisted living for more hands-on assistance. Pathfinders Downsizing Solutions can help you resize your living arrangements when you move into a smaller space. Reimbursement LTC plans can't pay for a home care person to stay with us in a facility setting because the care licenses are different for each type of care. Cash indemnity plans pay cash, and you decide how and where you want to spend it. You can pay for your friend or home cre worker to sit with you at your assisted living home. Listen to how Margie's care needs could have been better met had she owned a cash idemnity plan. Schedule with me to begin designing your plan to protect your family, assets and choices when you need help living and getting through each day
In today's Banking With Life Q&A, James answers questions such as, "What is the smallest size policy to use for IBC®?", "What is the idea behind the Accelerated Death Benefit Rider?", "Where is IBC® taught in- person?", and more! As always, we hope you enjoy and thank you for listening!Make sure to like and subscribe to join us weekly on the Banking With Life Podcast!1. 0:22 - Smallest size policy for IBC®?2. 3:36 - Books on Audible?3. 4:31 - Whole life policies with thin bases?4. 7:57 - Accelerated death benefit rider?5. 10:02 - "Surrender to pay premiums"?6. 11:27 - What is the reason for a term rider?7. 12:54 - "Extra Cash" Vs. PUA rider?8. 17:44 - "The Big Four"?9. 18:29 - Where is IBC® taught in-person?Nice Comments
In this montage episode of The Banking With Life Podcast we share some great clips from past episodes. The topics covered include PUA's, IUL's, 90/10's, and more! As always, we hope you enjoy and thank you for listening!Make sure to like and subscribe to join us weekly on the Banking With Life Podcast!1. IUL: FLAWED BY DESIGN 1:192. You Shold Know About The Asset You're Going To Own 2:333. Universal Life Insurance 4:084. Life Insurance & Infinite Banking 6:345. Don't Give in to Short-Term Thinking With Life Insurance 7:546. Death Benefit at Natural Mortality? 8:447. The Lack of Clarity in the “10/90 Split” 9:168. You Can Do Better Than the “10/90 Split” 10:049. “Customized” PUA's 10:3710. What's Not Illustrated 12:1711. Don't Fall for What the Illustration Says 13:3612. Why Universal Life Insurance Was Created 15:2413. One Thing, With Blended PUA's 18:26━━━Become a client! ➫ www.bankingwithlife.com/how-to-fast-t…ur-own-bankerBuy Nelson Nash's 6.5 hour Seminar on DVD here: ➫ www.bankingwithlife.com/product/the-5…ecorded-live/ (Call us at (817) 790-0405 or email us at myteam@bankingwithlife.com for a DISCOUNT CODE)Register for our free webinar to learn more about Infinite Banking... ➫ www.bankingwithlife.com/getting-started-webinarLearn more about James Neathery here: ➫ bankingwithlife.com━━━Listen on your iPhone with Apple Podcasts: ➫ podcasts.apple.com/us/podcast/bank…st/id1451730017Listen on your Android through Stitcher: ➫ www.stitcher.com/podcast/bank...Listen on Soundcloud: ➫ @banking-with-life-podcast━━━Follow us on Facebook: ➳ www.facebook.com/jamescneathery/━━━Disclaimer:All content on this site is for informational purposes only. The content shared is not intended to be a substitute for consultation with the appropriate professional. Opinions expressed herein are solely those of James C. Neathery & Associates, Inc., unless otherwise specifically cited. The data that is presented is believed to be from reliable sources and no representations are made by James C. Neathery & Associates, Inc. as to another party's informational accuracy or completeness. All information or ideas provided should be discussed in detail with your Adviser, Financial Planner, Tax Consultant, Attorney, Investment Adviser or the appropriate professional prior to taking any action.
In this episode, Ryan and Alex discuss what term life and whole life insurance are. The beer of the day is Mac and Jack's African Amber. If you would like to learn more about this beer, please visit their website https://www.macandjacks.com/african-amber If you would like to learn more about Quantified Financial Partners, please visit our website www.beerandmoney.net
Financial Freedom for Physicians with Dr. Christopher H. Loo, MD-PhD
Description: In today's episode, we're thrilled to have Dr. Rob Scranton. Dr. Rob is here to demystify the Infinite Banking Concept (IBC), a 200-year-old financial strategy that the wealthy have been using to grow and protect their assets. We'll explore why this method is more relevant than ever, how it saved Dr. Rob's great grandparents' farm during the Great Depression, and how you can leverage it to achieve financial freedom without compromising your lifestyle. Topics Covered: The Economic Value of Certainty: How the IBC can offer a stable financial future in an uncertain world. Taking Loans from Your Bank and Determining the Interest Rate: The mechanics of borrowing from your own financial system and how it impacts you. Common Misconceptions About Retirement Accounts: Why your 401(k) or IRA might not be the golden ticket you think it is. The Cost of Using Whole Life Insurance Products: A look into the expenses and benefits of using whole life insurance as a financial tool. Risks Involved with the Infinite Banking Concept: What you need to know before diving into this financial strategy. Turning the Death Benefit into a Living Benefit: How to make your insurance work for you while you're still alive. Suggested Questions: How do conventional banks actually work, and why might they be a risky place to store your wealth? How much do I need to start with the Infinite Banking Concept? Do I already need to be wealthy? Does taking loans from my own banking system affect my credit score? What happens to the cash or loans in my system if I die? Is it smarter to just buy term life insurance and invest the difference? How can you create economic certainty in the future based on uncertain variables in the present? About Our Guest: Dr. Rob Scranton leverages his extensive background in accounting and finance to teach people how to grow their wealth outside of traditional methods. He's a strong advocate for the Infinite Banking Concept, a strategy that predates the IRS and tax code, offering a unique way to protect and grow your assets. Dr. Rob has personally achieved financial success using this strategy and is passionate about sharing these money truths, rooted in traditions passed down in his own family. Don't miss this eye-opening episode that could redefine your approach to financial freedom. Tune in now! Disclaimer: Not advice. Educational purposes only. Not an endorsement for or against. Results not vetted. Views of the guests do not represent those of the host or show. Do your due diligence. Click here to join PodMatch (the "AirBNB" of Podcasting): https://www.joinpodmatch.com/drchrisloomdphd We couldn't do it without the support of our listeners. To help support the show: CashApp- https://cash.app/$drchrisloomdphd Venmo- https://account.venmo.com/u/Chris-Loo-4 Buy Me a Coffee- https://www.buymeacoffee.com/chrisJx Thank you to our sponsor, CityVest: https://bit.ly/37AOgkp Click here to schedule a 1-on-1 private coaching call: https://www.drchrisloomdphd.com/book-online Click here to purchase my books on Amazon: https://amzn.to/2PaQn4p Follow our YouTube channel: https://www.youtube.com/chL1357 Thank you to our advertisers on Spotify. Financial Freedom for Physicians, Copyright 2023
In this episode, Ryan and Alex discuss different types of life insurance and what they do. The beers of the day are Huckleberry Pucker by Paradise Creek and Stash Panda by Hop Valley. If you would like to learn more about these beers, please visit their websites https://paradisecreekbrewery.com/product/huckleberry-pucker-2/ https://www.hopvalleybrewing.com/beer/stashpanda/ If you would like to learn more about Quantified Financial Partners, please visit our website www.beerandmoney.net
Dividends are a crucial part of why whole life insurance is such an ideal asset for conducting an Infinite Banking Concept (IBC) strategy. But because dividends are not guaranteed is the life insurance contract, it raises the question: can we rely on life insurance dividends in a bad economy? Join us as we explore the inner workings of life insurance dividends, how it relates to the current economy, and why we don't think you have to be afraid. https://www.youtube.com/watch?v=6ONu2ZroHeQ Tune in as Bruce explores the factors at play, and find out how to navigate uncertainty while maximizing returns. How Are Life Insurance Dividends Calculated?Understanding the Dividend RateThe Dividend is Chasing the Death BenefitAre Life Insurance Dividends a Return of Premium?The Relationship Between the Treasury and Life Insurance DividendsCan You Still Get Life Insurance Dividends in a Bad Economy?Book A Strategy Call How Are Life Insurance Dividends Calculated? While all mutual companies calculate their dividends in different ways, and the calculations are proprietary, the components of those calculations are all the same. Essentially, life insurance companies have income and expenses. Expenses for a life insurance company include payroll, death claims (the most significant expense), and other overhead costs. The income is all based on products sold. The companies then invest that income. Mutual companies have a reputation for investing very conservatively, as well as having significant liquid reserves. A significant portion of the investments are made up of bonds and real estate. Insurance companies also make a profit on policy loans to their policyholders. When there is a profit, those profits are then distributed to policyholders. The insurance companies typically declare the rate for the coming year in December, based on all this information: expenses, profits, etc. Understanding the Dividend Rate Here's where things can get confusing. Just because a company declares a 5% dividend rate does not mean that each and every policyholder is getting a 5% increase in their cash value. The dividend rate is a gross number and is actually applied differently across policies. Factors that may contribute to your actual dividend include: Any fees from your policy Policy costs and expenses Existing policy loans Age of your policy In some cases, policies may even earn more than the declared dividend. There are many factors that contribute to this because the “goal” of every policy is endowment, which causes the dividend to “chase” the death benefit. The Dividend is Chasing the Death Benefit [9:10] “The dividend is actually chasing the death benefit, and the cash value is always chasing the death benefit. What do we mean by chasing? Whenever you take out a policy, let's say you put $50,000 in the first year… it's going toward the base policy. And the base policy is the foundation or the rock of the policy. It's the true insurance portion of the policy. Some of it goes to a term rider, and the term rider is there so we do not MEC the policy. And the last part is the paid-up additions rider. And those three cause a relatively high death benefit versus the $50,000.” The policy is set to endow at age 121. This is the point when the cash value is equal to the death benefit, and you will receive the full death benefit if you're still living. Over the course of your lifetime, you're watching your cash value chase this endowment. Meanwhile, the death benefit is also increasing because of PUAs. What this means is that your cash value and the death benefit of your policy are going to grow differently. Your policy has to have the growth momentum to actually reach this endowment. A 5-year-old has 116 years to accumulate enough money to reach endowment, while a 50-year-old only has 71 years. They might even get more than the declared dividend in order for the policy to keep up.
Daily real estate update Louisville, Colorado Oh Oh 26 and Oh Oh 27 80026 80027
Hi Boulder County it's Chris McGrath with Amerivest Realty here talking to local Insurance Company Owner Shauna Green today about an amazing insurance product that will change the way you invest in real estate. Shauna can talk to you about how having this life insurance product can help you with your real estate investment goals and can even position you to be a bank for others. At the end we talk quickly about why one needs to have their home insurance in place quickly when buying their next home. Take a moment to please visit www.listinglocally.com for all your real estate needs, or see us @econdevelop on Facebook. To find Shauna Green please see her website at www.frinsurancesolutions.com or call her at 720-389-7651 Thank you Boulder County for all your support 80027 80026 80516 80303 it's greatly appreciated
Welcome to Season 3, Episode 6 of Meet the Expert with Elliot Kallen!In this episode, Elliot Kallen brings on Tracy Tamura to dive deep into the often-overlooked world of life insurance for wealth protection. The discussion spans a wide range of topics, from the importance of life insurance in personal financial planning to its critical role in business continuity and estate planning. Tracy also offers her expert perspective on innovative products like accelerated benefit riders and talks about potential changes in estate taxes.Read more:https://prosperityfinancialgroup.com/meet-the-expert-with-elliot-kallen/life-insurance-for-wealth-protection-and-business-success-2/Meet with Elliot:https://calendly.com/elliotkallen
Welcome to the Real Estate Ballers Show.
Today's guest is Sarry Ibrahim. Sarry is a financial specialist, private money lender, real estate investor, and member of the Bank On Yourself Organization. He helps business owners, real estate investors, and full time employees grow safe and predictable wealth regardless of market condition. -------------------------------------------------------------- Long-term strategy [00:00:00] Introduction to the show [00:00:28] Siri's background and approach [00:01:01] Infinite Banking System [00:08:07] Break Even Period [00:08:38] Upside of Infinite Banking [00:15:00] Death Benefit vs Cash Value [00:16:01] Private Money Lending [00:18:31] Tax Benefits [00:20:29] -------------------------------------------------------------- Connect with Sarry: LinkedIn: https://www.linkedin.com/in/sarry-ibrahim-mba-ltcp-bank-on-you/ Website: https://thinkinglikeabank.com/ Website: https://finassetprotection.com/ YouTube: https://www.youtube.com/channel/UCwasIgJYLJwnyANE1iWN3XQ “Think Like a Bank” free copy: https://thinkinglikeabank.com Connect with Sam: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns. Facebook: https://www.facebook.com/HowtoscaleCRE/ LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre/ Email me → sam@brickeninvestmentgroup.com SUBSCRIBE and LEAVE A RATING. Listen to How To Scale Commercial Real Estate Investing with Sam Wilson Apple Podcasts: https://podcasts.apple.com/us/podcast/how-to-scale-commercial-real-estate/id1539979234 Spotify: https://open.spotify.com/show/4m0NWYzSvznEIjRBFtCgEL?si=e10d8e039b99475f -------------------------------------------------------------- Want to read the full show notes of the episode? Check it out below: Sarry Ibrahim (00:00:00) - If I was talking to a client today and he was like, uh, he or she was like, I need, you know, 100% of my money in, in year one accessible. Like, I wanna put 10,000 in this, and then I want 10,000 available. I would simply say, this is not a good fit. Like, this is not a one year strategy. It's a long-term strategy, and it's a way for you to ultimately become your own source of financing, which, like anything else in life, it's gonna take time to get there. It's not gonna be instant gratification, it's gonna take time to get there, but when you do get there, it's much, it's, you're in a much better financial situation. Intro (00:00:28) - Welcome to the How to Scale commercial Real Estate Show. Whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big. Sam Wilson (00:00:41) - Siri Ibrahim is a financial specialist, a private money lender, a real estate investor, and a member of the Bank on yourself organization. Siri, welcome to the show. Sarry Ibrahim (00:00:51) - Hey, Sam, thank you so much for having me on. I appreciate it. Sam Wilson (00:00:53) - Absolutely. Siri, there are three questions I ask every guest who comes in the show in 90 seconds or less. Can you tell me where did you start? Where are you now, and how did you get there? Sarry Ibrahim (00:01:01) - Yeah, I started in insurance and financial services about eight years ago. I found this kind of on accident, I guess, like this field found me particularly using the infinite banking concept. And, uh, where I'm at now is I help real estate investors and business owners become their own sources of financing and pretty much take control of their financial lives. Sam Wilson (00:01:20) - That is really interesting. Now, do you focus exclusively on the infinite banking or do you do more of the holistic wealth kind of picture? What does that look like? Sarry Ibrahim (00:01:29) - Yeah, a little bit of both. So I, I start off conversations with clients on a holistic perspective. Like I want to get to know the client first, get to know the financial situation, you know, what are they doing for work, what are they doing for business, what are their 10 year, 20 year goals? And then from there, um, either if if infinite and banking is a good fit, then we'll merge that with their holistic plan. If not, uh, we definitely have other avenues, like I have other referral partners, you know, uh, that's the benefit of podcasting, right. I've built a pretty big network of, you know, general partners, you know, other types of financial advisors who do different niches. So if, if, if it's a better fit for the client, I'll definitely recommend them to the other, uh, partner, other investor or other, um, uh, professional who can help them with their holistic plan. Sam Wilson (00:02:10) - Right, right. Okay. So you focus, it sounds like mostly on the infinite banking side of things. Are you a real estate investor yourself? Sarry Ibrahim (00:02:19) - Yeah, definitely. And I do use, I use infinite banking for those purposes. So I'm a limited partner and right now in one deal, so I use my infinite banking policy to fund that position. So I borrowed against I f I had, I had capital already funded in it, and then I borrowed against it, used that borrowed money to, uh, as a limited partner, and then now I'm using the distributions from that limited partnership to add back into the policy and then hopefully get, get it back up to a certain point and then reinvest in another deal. And so when don't I show clients how to do the same thing? Sam Wilson (00:02:49) - Okay. That's an interesting topic right there, because the insurance part, the insurance policy then is the limited partner, not you? Correct. Sarry Ibrahim (00:03:01) - The insurance policy? No, the insurance policy is just a source of capital. So like, it's just like going to the bank, like going to a checking account or savings account. It's the similar idea to that the whole life policy is just a source of capital, and then I take that money out and they, and then I invest in real estate deals. Okay. Sam Wilson (00:03:15) - Okay. Okay. So you, you still take title to that limited or to your limited partner position in whatever, maybe it's a trust, maybe it's your own name, whatever it is. Yeah, but you don't take it, it's not like an IRA where you take it in the title of the ira, uh, custodian. You take it in the title of your name. Yeah. Sarry Ibrahim (00:03:32) - Awesome question. Yeah, exactly. Yeah, it's in my name. It's, it's the same thing as if it was me or my LLC or my trust doing so. Um, and you're right, it's not like an ira, it's actually better, in my opinion, than an ira because with an ira, you don't get the depreciation passed through to you. Right. And then in an IRA it's very restrictive, right? Like in ira, it has to be entirely passive. Like you can't be involved at all in that. You can't be actively involved at all. It has to be entirely passive, so, right. Uh, I think it's better. I, I'm, I'm still a fan. Having said that, I'm still a fan of using self-directed IRAs for, for, uh, real estate because I think it's better than the stock market. Right. Uh, but I think like ultimately it's better to have the cash from life insurance policies because there are no restrictions on what you could u what you could do with that money. Sam Wilson (00:04:11) - Right? No, absolutely. That is, that is a nice, uh, a nice, uh, bonus there for using the infinite banking model. Mm-hmm. , when you get distributions, so distributions come, so you borrow the money from your policy, there's, you, you get distributions from that policy, and then you have a choice whether or not to pay back your policy or to just eat the proceeds. Is that right? Sarry Ibrahim (00:04:35) - Yeah, exactly. Yeah. I can, I can take that money and put it back into the policy if I want to, but there's no, like, there's no like definite payback plan. So like for example, let's just u use even numbers. If I borrow like $50,000 from my life insurance policy, that's, it's like an open-ended loan. Um, it's not like, uh, the insurance company's gonna be like, okay, here's the payment structure you have to pay, you know, X amount every first, like a mortgage for example. It's like a closed-ended loan. It's like the opposite of it. It's open-ended. Uh, you pay, the only way it works is the, the, actually the way it works is, is that whatever money you take out, you have simple interest that grows on that amount, uh, every day. So like, I think if you took 50,000 at 5% interest, it comes out to I believe like $7 a day. Sarry Ibrahim (00:05:15) - Uh, so it grows by your, your balance that you owe the insurance company, it grows by about $7 plus or minus a day, right. Until you pay that loan back. So there's, you don't have to pay that loan back right then and there. Um, you could pay back next year. You could pay it back three or four years when you exit that deal. And so it's a lot, it's very flexible, especially for which I think a lot of business owners and real estate investors just need that flexibility because of the uncertainty of when they'll make money. Sam Wilson (00:05:37) - Right. And that, I think that's a, that's a key, uh, a key difference there. And at some point, does that, is that policy loan ever become due? Is there a hundred year clause in that policy that says, Hey, at some point this has to come back or Sarry Ibrahim (00:05:56) - Yeah, good question. So there's typically a couple parts. There's the cash value, and then there's the death benefit, like the life insurance part of the policy. And then when you take out a loan, it opens like the third part. So when you have an outstanding loan as mentioned, like every day, it's gonna grow by interest, the loan balance is gonna grow, right? Uh, but so is the life insurance, and so is your cash value and the life insurance and the cash value both outpace the growth of that loan that you owe. So your, your asset side is growing greater than your liability side. And then ultimately what would happen is if you just never pay back the loan, um, let's just say you pass away at age a hundred and there's like, I don't know, like 3 million in life insurance and you owed, let's just say all the interest and everything added up to like 800,000, they would just take like 3 million, subtract the principle interest owed, so 800,000 in this case, and then pay your beneficiaries 2.2 million. So yeah, there's no, like, uh, it, it just, when the, when, whenever you passed away, they would take that from your, um, from your death benefit. Sam Wilson (00:06:51) - Right? Right, right. Yeah. Okay. That, that, that makes, that makes a lot of sense. One, one clarification I want to have on this mm-hmm. is that the insurance company will say, Hey, your policy's gonna grow at 4%, right? Yeah. And you're saying that, that they are willing to loan you money. Your money of course give you your money back at a lower interest rate than what they are paying you. So the, so the growth on that account is still greater than the expense of borrowing it? Sarry Ibrahim (00:07:25) - Absolutely. Yeah. That's what makes this whole concept good and, and work is because when you have your cash reserves growing and then you leverage your cash reserves, meaning you borrow against it, that loan you take out, that interest rate you take out is gonna be less than, um, the, the growth of your, of your reserves, meaning that your cash reserves will outpace what you are paying to borrow against it. So imagine if like you went to a bank account, you had a savings account, they were gonna give you, you know, four or 5% compound growth annually on that savings account, and then the same bank would give you a loan, but the loan they gave you was less than their growth. Uh, that's, that's a very, I guess a different way of putting it. And then it kind of brings us to the, to the next point is that like, no bank will ever do that. Sarry Ibrahim (00:08:07) - No bank will will give you a, a, uh, an interest earning account and then give you a loan less than that interest earning account cuz it doesn't make sense for them. Usually it's the opposite of that. Usually you're giving a bank, uh, money at 0% interest, like in a check-in account, and then they're taking that money and then loaning it out to other people and much higher interest rates. So this kind of gives you, using the infinite banking system or model gives you a chance for you to become the banker and then for you to have that arbitrage, which is, which is the difference between what you paid to borrow money and what you earned, um, while you had that money saved or stored. Sam Wilson (00:08:38) - Here's a question I've, I have lodged, not lodged. That's, that's a quote, that's a complaint, usually a logic complaint. Here's a question I have had, simple word here. The question I have had, the breakeven period of a policy is like six to seven years from what I understand. Mm-hmm. . So you, by the time your cash value equals what you've put in, it might be six or seven years. Yes. Whereas the break even period for me in a normal bank, just walk down the street is today. Sarry Ibrahim (00:09:14) - Yes. Mm-hmm. Sam Wilson (00:09:15) - Like, I put a hundred dollars in a bank today, I have a hundred dollars now, inflation aside all those things. Yeah. Yeah. All those things aside, I have a hundred dollars still today that I can go withdraw. I put a hundred dollars today in an infinite banking policy in tomorrow, I might be able to pull out 25 maybe, maybe 30. That's all I've got. I've had, I've taken, or maybe it's 90, I don't know. Either way, I've taken a haircut the day one I put money in. And I understand that insurance companies need to make money, but how do you, how do you bake in that seven years of potential return on say, bank A versus bank B and say, okay, how, how, I guess how do you calculate that loss of buying power return on investment over that seven year period as you calculate then later on borrowing the million, all those things that question even make any sense at all. Sarry Ibrahim (00:10:07) - Yeah, absolutely. In other words, why take that dip in the first couple years? Like if you put, for example, $10,000 in year one in a life insurance policy, you won't have $10,000 in year one. Like if you look, if you surrender the policy, you'll probably, depending on your age and how much you're doing and other factors, you'll probably have like six or 7,000 available as a cash surrender and year one. Um, and then it grows every year. And then, like you said, probably year six, it breaks even. So that means that the premiums you put in match the cash value and then it brings it to the next question. It's like, why would you even do that? Why just skip all this and just pull money in a bank? So that way it's instant break even and then you could just, uh, uh, take money out as needed. Sarry Ibrahim (00:10:44) - And it kind of brings it to a couple other questions, right? It's like, number one, what do you wanna do with your money? Uh, if you want to, I mean, some business owners and real estate investors wanna keep growing their cash. So ultimately a ba a life insurance policy structured, the infinite banking way will, um, will, will outpace what a bank is gonna do, right? Because if a bank is gonna say, we'll give you 0% interest, right, for example, and you have access to all your money that's convenient for you, but at the same time, there's no growth there at all. Whereas on the whole life policy side, there will be growth, you know, especially after that year seven, uh, it compound will grow. I think overall it's safe to, uh, project or assume that you'll probably get like a little bit over 4% compound growth over the life of that policy, which is not bad cause it's tax free, number one and number two, um, it's not affected by market conditions. Sarry Ibrahim (00:11:29) - So it doesn't change over time. It doesn't go down. You can't lose money in it. And then it's a also too, it's like a long-term strategy, right? So if I, if I was talking to a client today and he was like, uh, he or she was like, I need, you know, 100% of my money in, in year one accessible, like, I wanna put 10,000 in this and then I want 10,000 available. I would simply say, this is not a good fit. Like this is not a one year strategy. It's a long-term strategy and it's a way for you to ultimately become your, your own source of financing, which like anything else in life, it's gonna take time to get there. It's not gonna be instant gratification. It's gonna take time to get there, but when you do get there, it's much, it's, you're in a much better financial situation. Sam Wilson (00:12:05) - And that's, that's an interesting point. I guess, um, if, and just help me, I mean, clarify for me. So I wanna, I'm, I'm raising objections because I want, yeah, I want to, I want to find out where I'm, what I'm missing. But I can do that same thing in a, I can put all the money in and I can have access to it. Now why do I wanna wait seven years to do it? Even if it's growing? Maybe may, maybe, I mean, what, I guess, what am I missing here? Sarry Ibrahim (00:12:33) - Yeah, yeah, yeah, yeah. So yeah, so let's just say option A is you put money, for example, a hundred thousand in a, in a, in a checking account. Option B, you put a hundred thousand in a life insurance policy. Right? Now, let's just say for example, you find a real estate deal to invest in, just to use even numbers, it's 50,000 for the to invest in the deal, right? Yep. So you go to option A, if you, if you use option A, you would simply deduct 50,000 from a hundred thousand. So now your account is down to 50,000 even because you've leveraged that for, for your views debt for a real estate deal. Now in option B, you have a hundred thousand in the life policy, you borrow $50,000 and then you use that for the real estate deal. Now you're 100,000 is still growing. Sarry Ibrahim (00:13:10) - You just borrowed against that money. Your 100,000 keeps growing. And then you take that money, the 50,000, you put that into a real estate deal. Now you have that growing. Uh, and then let's just say, you know, five years later you get back, I don't know, let's just say a hundred thousand dollars five years later. So you doubled your money in five years. You take that now, your life insurance policy grew too. At that point you have cash growth in the life policy, and then you have the growth from the real estate deal. And then now you're able to do that all over again, again, uh, recycle that money again. Whereas on the cash side, that money's gone now, like you took a a hundred thousand, you subtract 50,000, uh, yeah, you could put it back into the, into the checking account and option A, but you're not gonna get that cash growth. And I think that doing so over time in volume is gonna make a big difference. So that's just kind of one way. And then, uh, the growth on the option B is tax-free growth. So, uh, so yeah, that's how you, I would differentiate the difference between just using like a normal bank account and then using this, this system. Sam Wilson (00:14:02) - Right? Right, right. Yeah. Cause I think, I think the, the one caveat, or the one, the one difference there is that this, even though the funds have been deployed out of the policy mm-hmm. , they continue to accrue mm-hmm. at 4% call it annualized rate of return. Whereas once you've taken the 50 grand out of a bank, it accrues at 0% rate of return. The only thing you get then is a return on the investment that was made In this case, you get the 4% growth, plus you get the return on the investment that was made, and then you can, you can then harvest those proceeds. Yeah. If I'm wrong here, so let's say you're 50, as you said, maybe it was three years or five years, I can't remember number you said that. Yeah. But let's say that 50 then becomes a hundred in three years. Yeah. I can then Sam can take that 50 in, in upside and I can go do whatever I want with it, and then I just owe the policy back the 50 plus the interest. Sarry Ibrahim (00:14:58) - Yes, exactly Sam Wilson (00:15:00) - Right. Okay. Okay. Yeah. So it's the growth, it's the, it's the, it's, it's really the, the, the difference between what it cost you to borrow the money and the growth that happens inside of the policy. That's where your upside lies. Sarry Ibrahim (00:15:13) - Yeah, exactly. Sam Wilson (00:15:15) - Okay. Okay, cool. No, it's interesting. I like that. I like that. That's, that's, that is, uh, it's a, it's a more advanced strategy and I think it takes a little bit of, a little bit of kind of, you know, different, different, uh, a different perspective to understand exactly how that works. Okay, cool. So we've covered some of the, uh, more nuances of how infinite banking works. One other objection that I've oftentimes heard mm-hmm is that you don't get to keep the cash value plus the death benefit. So let's say you, let's use a big number and say you, yeah, you made a million bucks, you have a million dollars in cash value in your policy, and your policy's a $3 million policy. The insurance keeps the million bucks and they write you out the death benefit when you die. Is that true or not? Sarry Ibrahim (00:16:01) - Yeah, that is true. However, if you have a million in cash value, your death be, death benefit is probably gonna be much greater than that. It's probably gonna be like 10 or 11 million. So it's, it's a much higher, the death benefit is a much higher amount than the cash value. And then, yeah, you're right. Like the, the cash value is simply like your, um, equity and the death benefit is like the market value. So like when you sell a property now, like you don't get the equity and the market value, right? You usually get the market value the higher amount. Uh, same thing in this situation. So like you would get, um, you know, the, the much higher amount, usually, usually 10 times more than the, the cash value plus it's there. Cuz imagine if you had outstanding loans, it would get tricky for the life insurance company to pay out cash value and then, you know, subtract the interest on loans. So it's better to leverage the life insurance overall part. Um, when you have the, the loans, so like in the, you know, in this example you have 10 million death benefit, um, you'll, the policy probably will never lapse in that situation because of any outstanding loans. So yeah, to, to make the, to shorten this answer, you get the life insurance, not the cash value and life insurance. Sam Wilson (00:17:04) - Right. Right. And that, I guess that makes sense. If you had a 10 million policy and you had borrowed that million bucks, they'd give you 9 million bucks when you died. Sarry Ibrahim (00:17:14) - Exactly, yeah. Sam Wilson (00:17:15) - And if you had a million bucks and you have a 10 million inside, you give a million dollars in cash value and you didn't spend that cash value, but you had a 10 million policy, you'd still get 9 million bucks, right? Sarry Ibrahim (00:17:31) - Oh, no, no, actually you get 10 million, you get the death benefit. Well, like if it's a 10 million, Sam Wilson (00:17:35) - You, you'd get the, you'd you'd get the debt. Yes. So you're gonna have 10 million either way. Sarry Ibrahim (00:17:39) - So, so in one way, one scenario, you have a 10 million death benefit with a million dollar loan. Right? And it's 10 million minus 1 million, so your beneficiary would get nine. Yep. Yep. And then the other example is you have a 10 million death benefit with no loans, then your, um, your beneficiaries would get 10 million. So Sam Wilson (00:17:55) - Right. But, but, but you have to, but the $9 million payout, you then, you've then already spent a million of that $10 million payout. So it's 10 either way. That's the, that's the summary. Yeah, yeah, yeah. Okay. Okay, cool. No, that's great. That's great. And again, these are things that, that for those of us that don't, um, don't do this every day, this might be little, you know, some more elementary questions on the, how these policies function, but I think that's really, really smart. What are some advanced strategies that people are using right now inside of these policies that you, that you think are just, uh, pretty, pretty, um, ingenious? Sarry Ibrahim (00:18:31) - Yeah, so we already talked about using it for real estate deals. Like you could, you could still get the depreciation, you still get the, the advantage of doing real estate. Uh, and then also I have some clients who use it for like private money lending. So like, um, they, they borrow against a policy, they, uh, loan that out at a higher interest rate, and then they have now, uh, kind of two places that they're making money one place and the policy still keeps growing as mentioned. The policy keeps growing. And then, and then they also make a spread on there. So they're, they're borrowing at a certain rate, like, um, 5% simple interest. And then they're loaning that out at a higher rate. Let's just say, I don't know what, how much private money is nowadays. Um, uh, let's just say 12% cuz of the rise in interest rates. Sarry Ibrahim (00:19:10) - So let's say 12%. And then they would make that spread and then they would take the, if they, if they had an agreement with the borrower that the borrower was gonna make interest only payments, they would take the interest only payments and then use that as income to put back in their policy. Um, and then, and then repeat that cycle over and over again. This way they're literally like the bank in that situation. They're just simply lenders, um, earning interests regardless of what happens with the real estate deal. So that's another strategy. And then also a, think of any strategy you're already doing, like any other investment strategy you're already doing, or even for your business, you can use this concept for it and it'll help you amplify those returns because of the ability to borrow against the cash, um, use the dis use the income or distributions to put back in the policy and so on. Sam Wilson (00:19:52) - Right. I like that, that, that makes a lot of sense. Let's talk about taxes. You, you, you touched on this a little bit, but if it's a 4%, let's call it a 4% growth. Yeah. And you, you as Siri are receiving the, uh, you're receiving the payments, you know, from whatever investment you made, it's coming directly to you. Mm-hmm. , when you pay back that policy, I mean, there's no tax savings necessarily on that front cuz you're still receiving those payments in your name, so you're gonna pay taxes on that as ordinary income and then you pay back the policy and only the growth inside of the policy is tax free. Correct? Sarry Ibrahim (00:20:29) - Yeah, exactly. Good point. So that means that if you, you know, you borrow out the money and then you do other things with, you loan it out or you invest that, that income outside of the policy is taxed the same way it would be otherwise. So it's not like, so some people might think like, this is a strategy to like eliminate all taxes. You can't do that, right? You're still taxable on those, that's still taxable income. Where it's favorable is the money inside the policy grows tax free. Usually in most situations the loans are tax free, the withdrawals are tax free and the life insurance is tax free. Right? But that benefit is tax free. Tax free. So, so that's how you can kind of, uh, you could use it to, um, increase your rate of return without having to increase your taxable income. Because think about it this way, and let's just say after the, after the arbitrage, after you consider the amount of money you borrow and the amount of money you paid back to the insurance company, let's just say it was a 2% growth. And let's just say you invested in something that earned you 20%, then that means that your rate of return just increased to 22% because it's extra 2%. But that extra 2% that you got in the policy wasn't taxable. So this helps you increase your rate of return without increasing your taxes. That's, I guess, one way to put it that way. Sam Wilson (00:21:38) - Right. No, I love it. I love it. Siri, we've done, we've, we we've have dive dove dove, Carly, I can't speak today, one, one day, one day I learned how to speak on a podcast. We have covered a, some really, uh, more nuanced portions of the infinite banking model, how it works, things you can do with it, strategies inside of it. I, this, it's a fun conversation for me. Uh, and I think, I think the more people I talk to about this, the more fun it be becomes because it, it's, it just, it's, it's takes a little bit of uh, a little bit of, uh, creative thinking in order to get your mind wrapped around the, the possibilities with this. So thank you for taking the time to come on the show today. Thank and uh, share with us kind of the nuances here. Certainly appreciate it. It's been very insightful for me. If our listeners wanna get in touch with you and learn more about you, what is the best way to do that? Sarry Ibrahim (00:22:22) - Yeah, well thanks Sam for having me on your podcast. Best way for listeners to connect with me is go to thinking like a bank.com. It's thinking like a bank.com website and then you could connect with me, uh, YouTube, LinkedIn, email address, uh, Calendly. All that is found at thinking like a bank.com. Sam Wilson (00:22:39) - Thinking like a bank Go ahead, go ahead. Sorry. Yeah, Sarry Ibrahim (00:22:42) - If you reach out for a free consultation, you go to the website thinking like a bank.com and schedule a free 15 minute call. I'll send you, uh, Nelson Nash's book Becoming Your Own Banker for free if you go schedule that appointment. Sam Wilson (00:22:52) - Fantastic, fantastic. I'm about halfway through that book, so, uh, it's certainly a good one there, Siri. Appreciate you offering that here. To our listeners, thank you again for coming on the show today. I certainly appreciate it. Sam Wilson (00:23:03) - Thank Sarry Ibrahim (00:23:03) - You. Thanks for having me on. Sam Wilson (00:23:04) - Hey, thanks for listening to the How to Scale Commercial Real Estate podcast. If you can do me a favor and subscribe and leave us a review on Apple podcast, Spotify, Google podcast, whatever platform it is you use to listen. If you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners as well as rank higher on those directories. So appreciate you listening. Thanks so much and hope to catch you on the next episode.
If inflation is on your mind, you're not alone. With three years of high inflation figures and your pocketbook saying it's even higher every time you buy groceries, how will your money keep up? Can Infinite Banking overcome inflation and provide a long-term solution? https://www.youtube.com/watch?v=-6wZtPKGOHI Today, we discuss a listener question about how Infinite Banking can be used to combat inflation. We also discuss the five tenants of infinite banking, such as 'don't do business with banks,' how it can help in an inflationary environment, and how life insurance policies are interest rate driven. Finally, we explore stewardship and generational wealth, discussing the concept of 'human life value' and how clever insurance strategies can be leveraged to benefit future generations. How Does Inflation Happen?Can Infinite Banking Overcome Inflation?Inflation vs. Death BenefitOvercoming Inflation in a Tax-Free EnvironmentPremium Improves with InflationFamily Banking - The Next GenerationsBook A Strategy Call How Does Inflation Happen? [1:47] “Inflation is simply the increase of the money supply. And people argue about this all the time, but Milton Freeman said that only the government can increase the money supply, so the government is solely responsible for inflation.” When the money supply increases too quickly, there's an oversaturation of money compared to goods on the market. This raises demand for goods, while supply is low, and prices increase to account for that. When prices for certain products or goods increase, this tends to affect the prices of other correlated goods. Can Infinite Banking Overcome Inflation? We recently had a very thoughtful question from a podcast listener that we wanted to address. It's such a powerful question that we think you'll benefit from reading it in his own words, as follows: “Thanks for the content. I'm of the belief that inflation is not transitory (I'm 44 yrs old and I remember when a candy bar was $.50). I am a student of the Austrian School of Economics and only think that inflation will be exponentially worse as the U.S. monetary policy continues to stay the same (increasing the money supply) as that is their only option unless politicians want to be responsible which we know they won't be. A method that has worked in the inflationary environment since 1971 when gold was dropped completely is to borrow money and pay it back in cheaper dollars (think 30-year mortgage on a house). I love the thought of IBC in normal monetary times but I just can't wrap my head around how a death benefit (30 years from now (ideally)) will be worth much as prices continue to increase. And I think I would rather borrow from the bank and pay them back with the cheap dollars instead of doing that disservice to myself..... I just think that the dollar will only devalue more and more and I'm not understanding how IBC has any defense against that. Everything else is great about it in my mind.” As you can see, he's put a lot of thought into this topic, and we're excited to unpack it with you now. Inflation vs. Death Benefit There are several reasons that your whole life insurance Death Benefit is still a powerful tool even with inflation. First and foremost, the whole life insurance dividend is interest-driven. This means that as the Federal interest rate rises and falls, so does the dividend. This also affects the guaranteed interest portion, too. This means that you tend to do better than in a savings account alone. Add this to the compounding effect of your cash value, and that slow and steady growth is going to be powerful. Remember, too, that with PUAs as your Cash Value grows, so does your Death Benefit. The two are intrinsically linked since the Cash Value represents the equity of your Death Benefit. You could start with a DB of $1 million and end up with several million by the time you pass, or your policy endows. Remember, too,
Does Social Security pay out a lump sum death benefit? Yes, they do. In this show we talk about how much the benefit is, who gets it, and the history behind this one-time payment from SSA.
Обсуждаемые вопросы: 1) Страховка для детей на примере от компании Equitable. 2) Чем отличается оформление страховки для ребенка от оформления страховки для взрослого. 3) Что такое Cash Value. 4) Что такое Death Benefit. 5) Что случается со страховкой и Cash Value если страховку отменить. contact@artemfinancial.ca https://artemfinancial.ca/ MoneyInside.ca – ваш подкаст о деньгах, экономике и личных финансах. MoneyInside в iTunes MoneyInside в YouTube Оставить свои комментарии или задать вопросы вы всегда можете под этим выпуском или в группе «Финансы с Артемом» в MeWe — https://mewe.com/join/canfinanceinrussian Книга “Inside Banking” — все вопросы и ответы о канадских финансах простым языком. Купить Спасибо, что слушаете MoneyInside. Успехов в деньгах!
We've talked about the living benefits of using life insurance for infinite banking, such as saving, investing, and more. But what's the part that many ignore that also allows you to spend more money while you're alive, yet still pass on wealth from generation to generation? Find out how Chris Miles was able to show one of his non-married clients how she could increase your cash flow by nearly $100,000 a year!
Happy New Year! Welcome back to another episode of The Money Multiplier Podcast. Today I'll be diving into death benefits with Jonah Dew. Have a topic you want me to discuss? Feel free to send any questions or comments to hannah@themoneymultiplier.com. Check out our Social Media: Instagram: https://www.instagram.com/the.money.multiplier Facebook: https://www.facebook.com/themoneymultiplier Youtube: https://www.youtube.com/channel/UCaDvMSpm4xUumW-MWxNfA9g Hannah: https://www.instagram.com/hannah_kesler
When using your Whole Life Insurance policy for Banking there are guarantees, protection, tax benefits, and so much more. So, does your death benefit really matter? Let's talk about it! Does My Death Benefit Really Matter.mp3File Size: 6446 kbFile Type: mp3Download File [...]
Getting your policy in place is one thing, but how you utilize it is the key.In this week's episode, Dave and Paul explore some of the opportunities that IBC gives you. While some benefits remain “unseen”, the ways in which you can structure and use your policy are very much known. The guys go through their own philosophies on using cash value, how they approach wealth building and the ways in which IBC changes your whole investing perspective. They also recall some of the opportunities both their clients and they themselves have found through IBC - as well as a new strategy that they are working on..For all you policy owners, make sure you tune in to get a sneak peek into the mindset and strategies you need to have to really become your own banker.Episode Outline:(0:00) - Introduction(0:30) - Beginning of episode(1:53) - Listener question, “Is getting a convertible term insurance policy and converting it to a whole life policy common for somebody who is initially uninsurable?”(4:21) - Wielding your policy, how it can be used to finance your life(6:17) - Dave and Paul's philosophies on using cash value(10:04) - IBC changes your perspective on investing, the “come up”(13:57) - How Dave, Paul and their clients have found opportunities(18:01) - How a mortgage mixes with your policy(20:05) - IBC allows you to have options(21:16) - Dave and Paul's new strategy(26:50) - Sneak peak into some new content(29:08) - Episode wrap-up, new sign-offABOUT YOUR HOSTS:David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money. David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life. Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a MA in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich. As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people. Catch up with David and Paul, visit the links below! Website: https://infinitebanking.org/agents/Fugere494 https://infinitebanking.org/agents/Befort399 LinkedIn: https://www.linkedin.com/in/david-a-befort-jr-09663972/ https://www.linkedin.com/in/paul-fugere-762021b0/ Email: davidandpaul@theibcguys.com
In most of our podcast episodes, we walk through the issues or the finer points of using cash value life insurance (whole life or indexed universal life) as a wealth accumulation source and preservation refuge for a substantial portion of your wealth. And that probably leaves some of you scratching your head. After all, it is life insurance that we're discussing here...there is a death benefit isn't there? Well, yes there is and in today's episode, we're going to talk more specifically about the death benefit of life insurance. And we're going to make the argument that it's a bit more nuanced than most popular financial advice gurus would lead you to believe. In fact, we're taking a look at a very personal situation and the impacts that NOT having the right approach to death benefit can have. Having the wrong priorities can be really expensive. Listen to the full episode to hear us walk through what may not be obvious. -------------------------------------- If you'd like to explore your options for having the right amount and the right kind of life insurance to best serve you and your family, please click right here to get in touch with us.
Are you wondering what is a life insurance policy loan, and how can it help you? Or maybe you're already using Infinite Banking, but would like to explain it better to your spouse, your parents, your children, business partner, or friends. https://www.youtube.com/watch?v=FrjVeMXW8is Today, we're unpacking the truth about the Infinite Banking Concept and the power of policy loans. Policy loans are part of what makes the infinite banking strategy work so well. We're answering the most common questions we hear about policy loans, so you can be clear on exactly what they are and how they work. If you're ready to learn more about policy loans and how you can implement them in your own life... tune in now! Table of contentsWhat is Financing?How Does Infinite Banking Provide a Solution for Financing?How Does Infinite Banking Give You Better Growth and Accessibility?How Does Infinite Banking Compare to Other Strategies for Storing Cash?What is a Life Insurance Policy Loan?How Easy is it to Get a Policy Loan?Do I Have to Qualify for a Policy Loan?What Does a Policy Loan Use as Collateral?How Does a Policy Loan Impact My Cash Value and Death Benefit?Whose Money Am I Using in a Policy Loan?Why is it a Good Deal for the Life Insurance Company to Give You a Policy Loan?How Does My Money Continue to Compound Uninterrupted with a Policy Loan?How Do Policy Loans Give Me More Control and Flexibility?Book A Strategy Call What is a Life Insurance Policy Loan? A policy loan is money that you are borrowing from the life insurance company, using your cash value as collateral. The life insurance company is contractually obligated to allow you access without qualification to a policy loan. Then, they offer you a loan with an interest rate, which you can pay back at your own discretion (on your own timeline). What is Financing? While people typically think of financing as the process of borrowing money to fund something, we know that you finance everything you buy. The reason is that you're either paying interest through a loan or line of credit, or you're passing it up because you're paying in cash (and losing the money you could have earned elsewhere). [2:50] “We finance everything in our lives, and people don't get that because people say, ‘I don't have any debt, I just pay for everything in cash.' Well, Nelson Nash made me realize that paying cash is still financing because you're giving up the opportunity to make money on your cash that you actually pay. So you're always financing. You're either paying interest, or you're giving up the ability to earn interest” How Does Infinite Banking Provide a Solution for Financing? Infinite banking provides the solution to the financing problem by allowing you to create a pool of money that allows you to finance anything you want without passing up interest. So while you may pay interest on a policy loan, you can also earn interest, while also potentially earning cash flow through your investments. Even without investments, though, infinite banking gives you a way to finance your life as efficiently as possible. The reason infinite banking is so efficient is that, with a dividend-paying whole life insurance policy, you can save money, grow money, and use that money without interrupting your compounding interest. And you can do this thanks to the policy loan provision. How Does Infinite Banking Give You Better Growth and Accessibility? Infinite banking puts you in a position where you're not only storing and growing capital in the policy, but you also have a contractual guarantee to access and use that cash through a policy loan. The policy loan may seem like an unnecessary hurdle to jump through, but by using other people's money (the insurance company's money), you can keep your account earning interest and dividends at its full potential. Not only is this incredibly efficient, but it also provides more certainty and stability than either a bank or the stock...
In this episode Troy explains how you can acquire cash value life insurance with no additional out of pocket cost, and use the cash value to buy rental property then use the policy as a tax free retirement income stream.Book an appointment with me here - https://calendly.com/wealthstrategies...Click this link to learn how to increase cash flow and minimize taxes in retirement - https://wealthstrategiestovalue.com/m...
Episodio donde Wisto termina Ghost of Tsushima y dan su reseña (Wisto les dice shinto a las mini katanas pero se llaman tantō), están regalando todos los juegos de Assassin's Creed, trailer de Assassin's Creed Mirage, las quejas sobre los juegos tipo "live-service", lo bueno y lo malo de la serie que viene sobre Interview with the Vampire, Pari ve la de Barbarian, serie de King Kong en paralelo con las películas, proyecto teaser de John Carpenter que todo indica que sea sobre Godzilla, The Blob merece un remake y Pari da una idea para atraer a la audiencia de hoy, experimento de mezcla de directores entre John Carpenter (Michael Myers), Sean Cunningham (Jason Voorhees) y Wes Craven (Freddy Krueger), por fin luz verde a Constantine 2 con Keanu Reeves, Wisto da su opinión y reseña tardía sobre Bullet Train (sin spoilers) y Nope y Samaritan (con spoilers)! Escúchanos: Spotify / Apple Podcasts / YouTube Apóyanos: patreon.com/holamsupernova Síguenos: Twitter/ Instagram @holamsupernova
How much death benefit should I have? This can be a very difficult question to answer....and a lot of times the appropriate answer is “it depends.” When calculating death benefit there are several factors to consider. Clients often ask us questions such as: Should I get the most I can or just enough to cover my income for a few years....should it all be permanent or all term? A combination of both? This week Anthony and Cameron will answer these questions and explain ways to use the death benefits so that you may decide how to best utilize your policy and how much death you should actually have. Enjoy this episode! Resources: Schedule your 15-minute call with Anthony or Cameron here: http://bit.ly/iwc15podcast Check our online course at www.InfiniteWealthCourse.com Buy Becoming Your Own Banker by R. Nelson Nash http://bit.ly/BYOBbookIWC
In part 6 of our, "Overfunded whole life insurance" series I talk about the death benefit and the legacy that can be created with this strategy! Learn more about this strategy - https://www.andasset.com/vault (https://www.andasset.com/vault) #BetterWealth Free 15 Minute Clarity Call: https://bttr.ly/ytclarity (https://bttr.ly/ytclarity) The And Asset Book: https://bttr.ly/book (https://bttr.ly/book) BetterWealth Quiz: https://bttr.ly/quiz (https://bttr.ly/quiz) AndAsset.com: https://bttr.ly/andasset (https://bttr.ly/andasset) BetterWealth Youtube - https://bttr.ly/bwyoutube (https://bttr.ly/bwyoutube) Financial Advisor, Agent or Coach: https://bttr.ly/advisor (https://bttr.ly/advisor)
Does the MTA covid death benefit have beneficiaries, and if not, who should inherit? The MTA is paying a pretty generous amount (about $500,000) to the estate of any employee who passed away with or from covid. The requirements seem to be tightening up a bit, but we'll see what comes of it. Have your MTA Covid death benefits been paid to the wrong person? We've had a few of these cases. Although well-intentioned and hardworking, the folks at MTA don't seem to be experienced with estate issues. They are probably also overwhelmed because Covid benefits are a new thing. Because the benefit is significant, MTA is probably getting a different energy from these heirs as opposed to heirs just looking to claim the decedent's last paycheck. For example, Mr. S. was confused because MTA told him they would pay benefit to him. Since he was named as beneficiary on son's pension, Mr. S. was told that the Covid benefit would go to him, too... even though Mr. S.'s son had a surviving wife and kids. It seems that the son never updated his beneficiary designations when he got married and had kids. We see this happen often, and it is a main reason why we don't recommend using beneficiary designations. In another example, the MTA paid the full amount to Mrs. B., but her husband died with no will and with kids from a prior marriage. When you die with no will, your estate is supposed to go roughly half to your surviving spouse and half to your kids. Should his children from a prior marriage have received part of the benefit? It was actually the kids who called us to ask this, because dad's second wife (Mrs. B.) got all the MTA Covid death benefit money. Does the MTA Covid death benefit have named beneficiaries? While possible, it is highly unlikely. This emergency benefit only came into existence less than 2 years ago. It's an automatic benefit, not something employees signed up for, like a pension or life insurance. If naming a beneficiary is not the case, it's highly unlikely that Mr. S. being named on the pension carries over to the Covid death benefit in the example above. I can't think of any other scenario where beneficiary designation from one policy gets automatically transfers to another. That's like saying, “I named my wife as beneficiary on my life insurance, so she should get my IRA, too.” We ended up confirming that there was miscommunication with the MTA in Mr. S.'s case. Who is supposed to inherit the MTA Covid Death Benefit? In the absence of beneficiary designations, death benefits get paid according to the will, or if no will, then according to default inheritance law (intestacy). This has been consistent in our dealing with the MTA. They are requiring proof of a court-appointed executor or administrator before they pay anything to anyone. In our experience, the MTA has been handling this properly, yet sometimes heirs have a misunderstanding. So in Mrs. B.'s case: If a spouse has received funds and no funds were paid to the kids, either: There was a will that the kids didn't know about and they were disinherited under that will; or Maybe the spouse received funds not as the wife, but as the executor/administrator. If this is the case, the funds may pay out to the kids when estate is closed; or MTA paid the benefit directly to Mrs. B., even though she is not the executor/administrator; or B. received the check in her capacity as executor/administrator, and she is not fulfilling her duty as fiduciary. So, with $500,000 per claim, has the money run out? The program still exists, but the MTA is tightening qualifications for the benefit. When we first worked on these claims, “Covid” just had to be on the death certificate. Now the MTA wants medical records, and Covid needs to be the primary cause of death. They now have departments and committees dedicated to determining whether this benefit will be paid out. If you have questions about your family's eligibility or rights, please contact us. We've worked on several MTA Covid death benefit claims and have developed relationships with the MTA. We can get this done for you! If you want to learn more about how probate works in general, don't forget to check out my book, “How Probate Works,” available on Amazon. Request your free consultation
Have you heard about Nelson Nash, Infinite Banking, Becoming Your Own Banker, Bank on Yourself, and want to learn more? Or maybe you're already using Infinite Banking, but would like to explain it better. We're continuing our series on the basics of the Infinite Banking Concept and answering your "what" questions. Today, we'll unpack, What is the death benefit? https://www.youtube.com/watch?v=HbpNX3c35bo So if you want to see the power of the death benefit… tune in now! Table of contentsWhat Makes Up the Guarantees of the Death Benefit?What Are the Differences Between the Death Benefit Guarantees of Whole Life Insurance and Universal Life Insurance?What Are the Chronic Illness and Terminal Illness Riders, and How Do They Compare to Long-Term Care Insurance?What Effect Do Outstanding Loans, Reduced-Paying Up, or Chronic/Terminal Illness Riders Have On the Death Benefit?What is Human Life Value?What Does Life Insurance Do for Your Estate?Book A Strategy Call What makes up the guarantees of the life insurance death benefit? The life insurance death benefit is the amount that is guaranteed to be paid out to your listed beneficiary at your death. What Makes Up the Guarantees of the Death Benefit? The death benefit is the amount that is guaranteed to be paid out to your listed beneficiary at your death. The key to guaranteed death benefit is having whole life insurance, which is permanent. When you have whole life insurance, you're in a position where you know that the death benefit will pay out at whatever point you die, between now and the end of that policy. And at the end of the policy, if you are still living, the insurance company still guarantees the death benefit to pay out to you. This is not the case with term or even universal life insurance (which claims to be permanent). This also means that when you pay premiums, you're paying into your policy with the certainty that you'll get a “return.” Whereas with term insurance, you can pay into it for 20 years and never see a dime back. What Are the Differences Between the Death Benefit Guarantees of Whole Life Insurance and Universal Life Insurance? While both whole life insurance and universal life insurance are technically permanent insurance, universal life insurance has several variables that can cause a policy to implode or lapse. In other words, universal policies are typically not permanent in practice. One of the major factors that makes universal life difficult to maintain is because it has flexible premiums. While many people assume that this gives them the flexibility to pay whatever they want, that's not the case. So if you choose to pay less, you can underpay for your insurance coverage. This then eats into your cash value account, which may implode the policy if you continue to under-fund it. With whole life insurance, premiums are guaranteed as well. This means that they cannot increase, so your base premium will always be enough to cover the costs of insurance. You won't risk underfunding your policy, and you have the freedom to pay more in the form of PUAs if you wish. What Are the Chronic Illness and Terminal Illness Riders, and How Do They Compare to Long-Term Care Insurance? The chronic illness and terminal illness riders allow you to use your death benefit while you're still living. If a physician certifies that you have an illness that will cause your death, many insurance companies now grant access to the death benefit while living at no additional cost. Long-term care insurance is an additional cost, as well as some additional stipulations about when you can use it. Plus, the insurance company can increase premiums over time because of the costs when you have Long-Term Care. While we want companies to be able to offer the coverage, they do have to stay in business. What Effect Do Outstanding Loans, Reduced-Paying Up, or Chronic/Terminal Illness Riders Have On the Death Benefit?
In this show we discuss the option to sell your life insurance death benefit. The pros and the cons.
Have you heard about Nelson Nash, Infinite Banking, Becoming Your Own Banker, Bank on Yourself, and want to learn more? Or maybe you're already using Infinite Banking, but would like to be able to explain it better to your spouse, your parents, your children, business partner, or friends. We're continuing our series on the basics of the Infinite Banking Concept and answering your "what" questions. Today, we're unpacking: What is the Cash Value of Life Insurance? https://www.youtube.com/watch?v=YVAk0pT7kgY So if you want to see how cash value works as a living benefit that enhances your life today … tune in now! Table of contentsWhat is the Cash Value of Life Insurance?How is Cash Value Related to Death Benefit?What is the Net Present Value of a Future Death Benefit?What Makes My Cash Value Grow?What is the Effect of Guaranteed Interest on My Policy?What is the Benefit of Having Cash Value?What Part of the Policy Can I Borrow Against?What Happens to My Death Benefit When I Take a Policy Loan?What Happens to My Principal and Interest on a Policy Loan When the Loan is Repaid?What If There Is An Interest Balance Leftover?What Can I Do With My Dividends?Book A Strategy Call What is the Cash Value of Life Insurance? What is the Cash Value of Life Insurance? Cash value is the equity portion of your whole life insurance policy that you can access and use. It is a part of your death benefit, not separate, and you can access and use it during your lifetime. Cash value accumulates in a few ways: premium payments, guaranteed interest, and non-guaranteed dividends. How is Cash Value Related to Death Benefit? Because cash value is like the equity of your death benefit, the value represents the accessible portion of your death benefit. As your policy matures, it rises to meet your death benefit. So your cash value is designed to equal your death benefit by the time it endows. The current endowment age is 120. Since endowment represents your ability to access the full value of your death benefit, the policy pays out to you and the contract is complete. However, you're still guaranteed to receive the full death benefit if you pass away at any point before endowment. That's the power of a whole life insurance contract. But because the cash value is equity, not a separate account, the payout is not cash value + death benefit. You receive the full death benefit. What is the Net Present Value of a Future Death Benefit? The Net Present Value of your future death benefit is another way of describing the equity in your policy. The “net present value” is the current present amount of your cash value account, which is a portion of your future death benefit. What Makes My Cash Value Grow? Over time, your cash value grows as a product of your premiums, interest, and dividends. Your premium–the payment you make to keep your insurance in place–is the main source of cash value growth. However, insurance companies also guarantee that they will pay a certain amount of annual interest, as well as any company profits in the form of dividends. The cost of the insurance itself affects the growth. For example, premium payments must first cover the cost of insurance. When you pay a premium, that money contributes to payroll, investments, and commissions. The remainder is what you have available in your cash value. Since the cash value is the net present value of a future death benefit and the risk to the company lessens with time. Think about it: the risk to the insurance company is greatest when you open a policy. There's a chance, however small, that you only make one premium payment before you pass away. But because the policy is in force, the company must pay the full death benefit. Over time, you pay more and more into the policy, so the actual costs are decreasing and instead contribute more heavily to your cash value. Another way to grow your cash value is through guaranteed interest.
Jason and Kyle talk about the importance of having death benefit. You are your greatest asset, so insure yourself Your money must reside somewhere, why not in a policy that offers death benefit? Death benefit will help you or your loved ones navigate unexpected deaths For more information: Visit our website: www.cashvaluesolutions.com Schedule an IBC Discovery Call: https://calendly.com/cvsol Like our Facebook Page: https://www.facebook.com/Cash-Value-Solutions-106402764460189 Follow Kyle on Twitter: @KyleMans Connect with Jason on LinkedIn: Jason Pohlmeier Watch us on YouTube: https://www.youtube.com/channel/UCoogEEuTFvE4aWk7vB8dDFA Submit questions to: kyle@cashvaluesolutions.com or jason@cashvaluesolutions.com Get Becoming Your Own Banker: https://infinitebanking.org/product/becoming-your-own-banker/ref/44/ Get Farming Without the Bank: https://bs352.isrefer.com/go/wtb/kmans/
Jason Johnson has a passion for Police K-9's and he has dedicated his life to working with them, as well as training and taking care of them. Jason believes that Police K-9's perform selflessly for the departments and agencies they work for, and in return, they are not offered that same respect, in their retirement years, by those they served. It is Jason's goal to ensure he educates the public on the costs and responsibilities of adopting a retired hero and that every Police K-9 in the United States has their medical, food and end of duty costs taken care of for them so they may live the healthy and happy retirement that they deserve. Jason served in the U.S. Federal Government in multiple positions worldwide as Subject-Matter Expert and Field Canine Coordinator for the National Explosives Detection Canine Team Program within the Department of Homeland Security/TSA, Lead K-9 Trainer and Course Developer at the ATF National Canine Training Center, Lead K-9 Instructor for the State Department's Anti-Terrorism Assistance Program, and as High Threat Protection K-9 Handler in Iraq and Afghanistan protecting the U.S. Ambassador and other dignitaries on mobile executive protection details. Prior to his government service, Jason was a civilian Police K-9 Trainer and Handler, an Adjunct Professor at Henley-Putnam University, and a Military Police Officer with the U.S. Army. He also holds a Master's Degree in Security Management and is an accredited K-9 Instructor through the Federal Law Enforcement Training Center. Jason is the Founder of the Project K-9 Hero Foundation, a national nonprofit 501c3 organization, whose mission is to provide medical care, food, and death benefit assistance for our nation's retired Police K-9s and Military Working Dogs. Project K-9 Hero also helps K-9s who need a home after their service, through rehabilitation and adoption. Project K-9 Hero, is dedicated to “Protecting Those Who Protected Us,” by spreading awareness and educating the public. You may learn more about us on our website at: WWW.PROJECTK9HERO.ORG Follow us on Facebook, Instagram, and Twitter @ProjectK9Hero
Matthew Erickson is a Financial Advisor with a comprehensive financial planning practice under the firm Northwestern Mutual Park Avenue in New York City. His practice focuses on individuals and families with comprehensive planning across people's short-term, mid-term and long-term goals and working together to bridge across these over time. He dedicates his practice to promoting financial literacy and economic empowerment and is skilled in helping clients formulate strategies around accumulating, preserving and eventually distributing their savings and wealth over time and teaches people how to do it in an effective and particularly tax-efficient way. He holds his Series 7, Series 63, LAH and SIE and has a demonstrated history of working with primarily LGBTQ+, POC and Womxn professionals.Follow Knowledgeable Aging:Facebook: https://www.facebook.com/Knowledgeable-Aging-102638398162823Twitter: https://twitter.com/KnowledgeAgingInstagram: https://www.instagram.com/knowledgeableaging/LinkedIn: https://www.linkedin.com/company/knowledgeable-aging/?viewAsMember=trueSpotify: https://open.spotify.com/show/05OHF9FkmhzCO5PDsyGfGqNewsletter: https://www.knowledgeableaging.com/newsletter/
When receiving death benefit or inheriting large sums of money, the last thing you should do is pay down debt, if not needed. Buying more death benefit and using that money through the policy will leave the kids with more and you with more flexibility, if needed. Audio Production by Podsworth Media.
Rob and Eddie dive deep into the ins and our as to what life insurance death benefit is. They discuss the difference in term life insurance vs. permanent life insurance and how those death benefits will vary based on the policy that is in place upon death. Be sure to follow our team on all social medial platforms to stay educated. For more information on this video or to get connected with a member of our team for a free consultation, please check out the links below. Watch and Enjoy! ✅ SUBSCRIBE SUBSCRIBE SUBSCRIBE ✅ https://www.youtube.com/c/EPICFinancialStrategies/featured?sub_confirmation=1
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