Podcasts about Universal life insurance

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Best podcasts about Universal life insurance

Latest podcast episodes about Universal life insurance

The EPIC Podcast with Rob Gill
Choosing the Best Life Insurance: Whole Life, Term, or Universal?

The EPIC Podcast with Rob Gill

Play Episode Listen Later May 1, 2025 9:07


Do you know the three basic types of life insurance? In this video, Rob Gill provides clear and simple explanations of Term, Whole Life, and Universal Life Insurance. You'll gain a solid understanding of the differences between these options and learn how each type can fit into your overall financial strategy. Whether you're looking to provide for your loved ones, build cash value, or secure flexible coverage, Rob breaks down the key benefits and considerations for each type of policy. By the end of this video, you'll be better equipped to make an informed decision on which life insurance plan best aligns with your financial goals and needs.

Agent Survival Guide Podcast
A Quick Guide to Understanding Universal Life Insurance

Agent Survival Guide Podcast

Play Episode Listen Later Apr 16, 2025 15:12


Universal life insurance can be confusing for clients. In this episode we break down the three main types and helpful tips for educating clients!     Read the text version   Contact the Agent Survival Guide Podcast! Email us ASGPodcast@Ritterim.com or call 1-717-562-7211 and leave a voicemail.   Resources: 5 Life Insurance Myths Your Clients May Believe: https://ritterim.com/blog/5-life-insurance-myths-your-clients-may-believe/ Get Your Portfolio Review: https://ritterim.com/portfolio/>/p> Identifying Ideal Clients for Universal Life Products: https://ritterim.com/blog/identifying-ideal-clients-for-universal-life-products/ Life Insurance for Each of Life's Stages: https://ritterim.com/blog/life-insurance-for-each-of-lifes-stages/ Register with Ritter: https://app.ritterim.com/public/registration/ The Complete Guide on How to Sell Final Expense Insurance FREE eBook Download: https://ritterim.com/final-expense-ebook/   References: Kagan, Julia. “Term Life Insurance: What It Is, Different Types, Pros and Cons.” Investopedia, Investopedia, https://www.investopedia.com/terms/t/termlife.asp. Accessed 18 Mar. 2025. Powers, Stephanie. “What Is Indexed Universal Life Insurance (IUL)?” Investopedia, Investopedia, https://www.investopedia.com/articles/insurance/09/indexed-universal-life-insurance.asp. Accessed 18 Mar. 2025.   Follow Us on Social! Ritter on Facebook, https://www.facebook.com/RitterIM Instagram, https://www.instagram.com/ritter.insurance.marketing/ LinkedIn, https://www.linkedin.com/company/ritter-insurance-marketing TikTok, https://www.tiktok.com/@ritterim X, https://x.com/RitterIM and YouTube, https://www.youtube.com/user/RitterInsurance       Sarah on LinkedIn, https://www.linkedin.com/in/sjrueppel/ Instagram, https://www.instagram.com/thesarahjrueppel/ and Threads, https://www.threads.net/@thesarahjrueppel    Tina on LinkedIn, https://www.linkedin.com/in/tina-lamoreux-6384b7199/    Not affiliated with or endorsed by Medicare or any government agency.   

The Steve Harvey Morning Show
Info You Can Use: Breaking down the value of Term, Whole and Universal Life Insurance policies to gain Financial Freedom!

The Steve Harvey Morning Show

Play Episode Listen Later Mar 6, 2025 25:07 Transcription Available


Two-time Emmy and Three-time NAACP Image Award-winning television Executive Producer Rushion McDonald interviewed Brianna Johnson. Lgnd Life Financial is a mission-driven financial services company dedicated to empowering individuals, families, and small businesses through comprehensive financial literacy and life insurance education. Founded by Brianna Johnson, a visionary leader and top life insurance agent, Lgnd Life has redefined the industry by providing tailored solutions that protect and build wealth for its clients. With a track record of serving over 5,000 families and paying out millions in claims, Lgnd Life Financial stands as a trusted partner in securing financial futures. Licensed in over 25 states, the company also invests in the next generation of professionals by training and mentoring more than 250 life insurance agents, fostering a community of excellence and empowerment. At Lgnd Life, the mission goes beyond policies—it's about creating legacies. She is a visionary entrepreneur, financial expert, and the founder of Lgnd Life Financial, a company dedicated to empowering individuals and families to build wealth and secure their financial futures. Born and raised in Chicago, Brianna began her entrepreneurial journey at just 14, owning two successful clothing stores and hair salons by the age of 22. At 24, she boldly transitioned into the financial services industry, combining her passion for helping others with her knack for business innovation. Through Lgnd Life Financial, Brianna has served over 5,000 families and paid out millions in claims, ensuring financial stability for her clients. Licensed in over 25 states, she has also mentored and trained more than 250 life insurance agents, fostering growth and success in the financial sector. Brianna is committed to breaking barriers, particularly for women and minorities, and inspiring others to create lasting legacies for their families and communities. #BEST #STRAW #SHMSSupport the show: https://www.steveharveyfm.com/See omnystudio.com/listener for privacy information.

Strawberry Letter
Info You Can Use: Breaking down the value of Term, Whole and Universal Life Insurance policies to gain Financial Freedom!

Strawberry Letter

Play Episode Listen Later Mar 6, 2025 25:07 Transcription Available


Two-time Emmy and Three-time NAACP Image Award-winning television Executive Producer Rushion McDonald interviewed Brianna Johnson. Lgnd Life Financial is a mission-driven financial services company dedicated to empowering individuals, families, and small businesses through comprehensive financial literacy and life insurance education. Founded by Brianna Johnson, a visionary leader and top life insurance agent, Lgnd Life has redefined the industry by providing tailored solutions that protect and build wealth for its clients. With a track record of serving over 5,000 families and paying out millions in claims, Lgnd Life Financial stands as a trusted partner in securing financial futures. Licensed in over 25 states, the company also invests in the next generation of professionals by training and mentoring more than 250 life insurance agents, fostering a community of excellence and empowerment. At Lgnd Life, the mission goes beyond policies—it's about creating legacies. She is a visionary entrepreneur, financial expert, and the founder of Lgnd Life Financial, a company dedicated to empowering individuals and families to build wealth and secure their financial futures. Born and raised in Chicago, Brianna began her entrepreneurial journey at just 14, owning two successful clothing stores and hair salons by the age of 22. At 24, she boldly transitioned into the financial services industry, combining her passion for helping others with her knack for business innovation. Through Lgnd Life Financial, Brianna has served over 5,000 families and paid out millions in claims, ensuring financial stability for her clients. Licensed in over 25 states, she has also mentored and trained more than 250 life insurance agents, fostering growth and success in the financial sector. Brianna is committed to breaking barriers, particularly for women and minorities, and inspiring others to create lasting legacies for their families and communities. #BEST #STRAW #SHMSSee omnystudio.com/listener for privacy information.

Best of The Steve Harvey Morning Show
Info You Can Use: Breaking down the value of Term, Whole and Universal Life Insurance policies to gain Financial Freedom!

Best of The Steve Harvey Morning Show

Play Episode Listen Later Mar 6, 2025 25:07 Transcription Available


Two-time Emmy and Three-time NAACP Image Award-winning television Executive Producer Rushion McDonald interviewed Brianna Johnson. Lgnd Life Financial is a mission-driven financial services company dedicated to empowering individuals, families, and small businesses through comprehensive financial literacy and life insurance education. Founded by Brianna Johnson, a visionary leader and top life insurance agent, Lgnd Life has redefined the industry by providing tailored solutions that protect and build wealth for its clients. With a track record of serving over 5,000 families and paying out millions in claims, Lgnd Life Financial stands as a trusted partner in securing financial futures. Licensed in over 25 states, the company also invests in the next generation of professionals by training and mentoring more than 250 life insurance agents, fostering a community of excellence and empowerment. At Lgnd Life, the mission goes beyond policies—it's about creating legacies. She is a visionary entrepreneur, financial expert, and the founder of Lgnd Life Financial, a company dedicated to empowering individuals and families to build wealth and secure their financial futures. Born and raised in Chicago, Brianna began her entrepreneurial journey at just 14, owning two successful clothing stores and hair salons by the age of 22. At 24, she boldly transitioned into the financial services industry, combining her passion for helping others with her knack for business innovation. Through Lgnd Life Financial, Brianna has served over 5,000 families and paid out millions in claims, ensuring financial stability for her clients. Licensed in over 25 states, she has also mentored and trained more than 250 life insurance agents, fostering growth and success in the financial sector. Brianna is committed to breaking barriers, particularly for women and minorities, and inspiring others to create lasting legacies for their families and communities. #BEST #STRAW #SHMSSteve Harvey Morning Show Online: http://www.steveharveyfm.com/See omnystudio.com/listener for privacy information.

Not Your Average Financial Podcast™
Episode 382: Lapsed! The Universal Life Insurance Whistleblower with Elan Moas, Part 2

Not Your Average Financial Podcast™

Play Episode Listen Later Dec 27, 2024 33:59


In this episode, we ask: What does it mean to lapse a policy? Were you able to hear Part 1 with Elan Moas? How many universal life insurance policies will pay out? What about Bank on Yourself-type Whole Life Insurance Policies? What are the problems with universal life insurance policies (that many purchased in the...

Canadian Wealth Secrets
Why a Whole Life Insurance Policy Is The Right Tool For A Canadian Corporate Passthrough Structure - A FAQ Session

Canadian Wealth Secrets

Play Episode Listen Later Dec 13, 2024 34:12


What are the most frequently asked questions business owners ask when implementing a pass-through structure that uses a whole life insurance policy to build wealth while minimizing tax? Kyle Pearce sits down with one of his clients and answers 6 of the most commonly asked questions business owners face when deciding to utilize a whole life insurance policy as a passthrough structure.In this episode, we explore strategies that help business owners avoid the grind-down rule and navigate the complexities of passive income taxation. With insights on optimizing premiums, maximizing your cash value, and creating financial flexibility, you'll discover how to build wealth within your corporation while minimizing unnecessary risks and taxes.Learn how to avoid the tax clawback on your small business tax credit caused by excessive passive income.Discover flexible funding strategies for corporate-owned life insurance policies that balance growth and security.Understand how to leverage policies for tax-free cash flow while maintaining long-term financial stability.Listen now to uncover actionable insights that could transform your corporate financial strategy and help you achieve greater tax efficiency!Resources Business Owners: Ready to take a deep dive and learn how to generate personal tax free cash flow from your corporation? Enroll in our FREE masterclass hereBook a Discovery Call with Kyle to review your corporate (or personal) wealth strategy to help you overcome your current struggle and take the next step in your Canadian Wealth Building Journey! https://canadianwealthsecrets.com/discovery Canadian Wealth Secrets Show Notes PageConsider reaching out to Kyle if you've been……taking a salary with a goal of stuffing RRSPs;…investing inside your corporation without a passive income tax minimization strategy;…letting a large sum of liquid assets sit in low interest earning savings accounts;…investing corporate dollars into GICs, dividend stocks/funds, or other investments attracting corporate passive income taxes at greater than 50%; or,…wondering whether your current corporate wealth management strategy is optimal for your specific situation.How can you maximize the growth of your retained earnings while minimizing the tax grind on passive income inside your incorporated business? In this episode, we dive into strategies tailored for Canadian business owners, exploring how to protect your business from liability, minimize income and corporate taxes, and leverage tools like infinite banking and participating whole life insurance. Learn how to optimize retained earnings, unlock the benefits of permanent and universal life insurance, and create tax-free cash flow with low tax rates while maintaining long-term financial stability through strategic death benefits. Listen now to discover how these innovative approaches can transform your financial strategy!Ready to connect? Text us your comment including your phone number for a response! Canadian Wealth Secrets is an informative podcast that digs into the intricacies of building a robust portfolio, maximizing dividend returns, the nuances of real estate investment, and the complexities of business finance, while offering expert advice on wealth management, navigating capital gains tax, and understanding the role of financial institutions in personal finance.

Canadian Wealth Secrets
Beyond RRSPs: How One Family Turned $6000/year into a Lifetime Renewable Asset

Canadian Wealth Secrets

Play Episode Listen Later Dec 6, 2024 19:22


How a Canadian family turned $6,000 a year into a lifelong safety net.Are you ready to uncover how Canadian income tax strategies and smart investment planning can create a legacy while fueling your financial growth?In the complex landscape of Canadian income tax and wealth management, many individuals and entrepreneurs struggle to find the right balance between optimizing their investments and securing their future. This episode unpacks a real-life case study of a listener who wanted to diversify their portfolio, manage tax liabilities, and leave a meaningful legacy for their family—without creating a silver spoon scenario.Whether you're an investor, entrepreneur, or someone seeking smart strategies for wealth management, this discussion sheds light on how permanent insurance policies can play a dual role in tax-efficient investment strategies and long-term financial planning. From understanding policy funding flexibility to exploring leverage opportunities, we guide you through actionable insights tailored for Canadians looking to maximize their financial potential.Gain valuable insights into Canadian income tax strategies and how they intersect with smart investment planning.Explore flexible options for permanent insurance policies that align with your entrepreneurial goals or personal wealth management needs.Discover how to create a tax-efficient financial plan that supports both current investments and future legacy planning.Don't miss this episode—unlock practical strategies for optimizing investments, managing Canadian income tax, and building wealth. Visit CanadianWealthSecrets.com to listen now and take control of your financial future!Learn creative, tax compliant strategies that you should be using now: https://canadianwealthsecrets.com/discovery/Resources Business Owners: Ready to take a deep dive and learn how to generate personal tax free cash flow from your corporation? Enroll in our FREE masterclass hereCanadian Wealth Secrets Show Notes PageConsider reaching out to Kyle if you've been……taking a salary with a goal of stuffing RRSPs;…investing inside your corporation without a passive income tax minimization strategy;…letting a large sum of liquid assets sit in low interest earning savings accounts;…investing corporate dollars into GICs, dividend stocks/funds, or other investments attracting corporate passive income taxes at greater than 50%; or,…wondering whether your current corporate wealth management strategy is optimal for your specific situation.Are you ready to optimize your investments, manage Canadian income tax, and build a lasting legacy? In this episode, we explore a real-life case study showcasing smart investment strategies, flexible permanent insurance options, and wealth management insights tailored for entrepreneurs and investors. Discover how to balance current growth with future security while leveraging taReady to connect? Text us your comment including your phone number for a response!Canadian Wealth Secrets is an informative podcast that digs into the intricacies of building a robust portfolio, maximizing dividend returns, the nuances of real estate investment, and the complexities of business finance, while offering expert advice on wealth management, navigating capital gains tax, and understanding the role of financial institutions in personal finance.

Breakaway Wealth Podcast
Simplifying Infinite Banking with David Stearns

Breakaway Wealth Podcast

Play Episode Listen Later Dec 3, 2024 53:15


In this conversation, Jim dives into the principles of Infinite Banking with David Stearns, President of Infinite Banking Concepts LLC. Together, Jim and David discuss the differences between whole life and universal life insurance, the importance of cash flow, and the misconceptions surrounding the Infinite Banking Concept (IBC).  3 Key Takeaways: IBC's Core Principle: Understand the problem of financing every purchase—paying interest to others or forfeiting earned interest—and how reclaiming the banking function solves this challenge. The Role of Whole Life Insurance: Why properly designed whole life insurance policies are the optimal platform for IBC, contrasting them with universal life products. Behavior Over Tools: How focusing on disciplined financial behavior is more critical to success with IBC than any specific policy structure or numbers on a spreadsheet. We invite you to dive into the world of Infinite Banking Concept (IBC) with David's expert guidance! This episode offers a refreshing take on Nelson Nash's timeless principles, delivering strategies to revolutionize your financial approach.  Infinite Banking Resources: Website: infinitebanking.org Youtube: www.youtube.com/channel/UCwHyE9ftq4f5T_DF6o91Icw/videos

The 9Innings Podcast
The Truth About Infinite Banking: Myths, Misconceptions, and Realities

The 9Innings Podcast

Play Episode Listen Later Dec 3, 2024 28:48


In this episode, Kevin Thompson, CEO of 9i Capital Group, sits down with financial expert Andy Panko, CFP®, RICP®, EA, to unpack the concept of infinite banking. They dive into how whole life insurance policies can serve as a vehicle allowing policyholders to borrow against their cash value.The conversation highlights:The mechanics and "myths" of infinite bankingKey differences between whole life and universal life insuranceAssociated risks and misconceptionsTogether, they stress the importance of understanding these products, seeking professional advice, and debunking the oversimplified “bank on yourself” narrative often used to market this strategy. This episode provides a clear-eyed perspective on the complexities and potential pitfalls of infinite banking.Infinite Banking Overview (00:02:14) Discussion on the concept of infinite banking and the use of whole life insurance policies.Understanding Borrowing Against Policies (00:05:51) Kevin questions the nature of borrowing against a policy and the role of the insurance company.Misconceptions About Banking (00:07:41) Andy discusses the misleading concept of "banking on yourself" in relation to insurance policies.Complexities of Policy Borrowing (00:09:07) Kevin highlights misconceptions about immediate access to cash values in life insurance policies.Interest Rates and Policy Loans (00:10:45) Andy explains the implications of borrowing against a policy and the importance of repayment.The Need for Education in Insurance (00:12:19) Discussion on the lack of education in the insurance industry regarding policy complexities.Who Should Use Infinite Banking? (00:16:00) Andy outlines the ideal candidates for infinite banking strategies based on financial sophistication.Comparing Banking Options (00:18:04) Kevin questions the rationale behind choosing life insurance over traditional banking for loans.Timeframe for Infinite Banking Success (19:39) Andy mentions it may take 20-25 years for an individual to effectively build an infinite banking system.Comparison with Traditional Banking (20:41) They highlight the differences between infinite banking and traditional bank borrowing, emphasizing the long-term nature of the former.Whole Life vs. Universal Life Insurance (23:26) Andy explains the stability of whole life insurance compared to the variability of universal life insurance.Misrepresentation of Insurance Products (25:05) Andy critiques how insurance products are often misrepresented, leading to misunderstanding and misuse by consumers.Follow Us: youtube: / @9icapLinkedin: / kevin-thompson-ricp%c2%ae-cfp%c2%ae-74964428 facebook: https://www.facebook.com/MLB2CFP Buy MBB2CFP Here: https://www.amazon.com/MLB-CFP%C2%AE- Hit the subscribe button to get new content notifications. Corrections: Editing by http:/SwoleNerdProductions.com Website: http://www.9icapitalgroup.com

Canadian Wealth Secrets
How This Canadian Business Owner Unlocked $3 Million in “Hidden” Wealth – Without Spending a Penny More

Canadian Wealth Secrets

Play Episode Listen Later Nov 15, 2024 28:00


Are your corporate retained earnings really working to build your wealth here in Canada, or are they just collecting dust under heavy tax burdens from the CRA?For many Canadian entrepreneurs and business owners, retained earnings can feel like a double-edged sword. On one hand, they're a symbol of your business's growth and success. On the other, if they're just sitting in low-yield, high-tax vehicles like GICs, they could be significantly limiting your wealth-building potential. In today's episode, Kyle Pearce shares a real-life example of a client who turned their retained earnings into a powerful growth tool while slashing tax liabilities and optimizing for both short- and long-term financial goals.Using strategies like corporate-owned life insurance and targeted investments, we explore how this client increased liquidity, minimized tax, and secured a smart approach for purchasing property without tapping into personal income. Whether you're looking to grow assets, secure a comfortable retirement, or enhance your estate planning, today's insights offer an actionable blueprint for maximizing retained earnings with a holistic, tax-savvy approach.Learn how to leverage corporate-owned life insurance for tax-free growth and asset liquidity.Discover a strategy to make retained earnings work harder while preparing for property investments.Understand how to balance immediate tax savings with long-term wealth and estate planning.Listen now to discover how smart planning can help you turn corporate retained earnings into a powerful wealth-building tool for today and the future!Resources Canadian Wealth Secrets Show Notes PageConsider reaching out to Kyle if you've been……taking a salary with a goal of stuffing RRSPs;…investing inside your corporation without a passive income tax minimization strategy;…letting a large sum of liquid assets sit in low interest earning savings accounts;…investing corporate dollars into GICs, dividend stocks/funds, or other investments attracting corporate passive income taxes at greater than 50%; or,…wondering whether your current corporate wealth management strategy is optimal for your specific situation.For Canadian business owners, optimizing retained earnings is essential to minimize income tax liability and build long-term wealth. This episode explores powerful strategies like infinite banking and participating whole life insurance to turn retained earnings into tax-efficient, passive income. Learn how tools like universal and permanent life insurance can lower corporate tax rates, provide a secure death benefit, and support your business growth—all while keeping more of your hard-earned wealth.Ready to connect? Text us your comment including your phone number for a response! Canadian Wealth Secrets is an informative podcast that digs into the intricacies of building a robust portfolio, maximizing dividend returns, the nuances of real estate investment, and the complexities of business finance, while offering expert advice on wealth management, navigating capital gains tax, and understanding the role of financial institutions in personal finance.

Canadian Wealth Secrets
Avoid Throwing $90K Down The Drain In This Canadian Passive Income Trap [Secret Sauce Ep21]

Canadian Wealth Secrets

Play Episode Listen Later Nov 8, 2024 18:33


Are you unknowingly giving away tens of thousands of dollars in taxes each year by being too conservative with your passive income and business earnings?For many business owners, keeping retained earnings safe and secure is a top priority, but this cautious approach can often come with a hidden cost—unnecessarily high tax payments. If you're like many Canadians, you might be trying to save wisely, opting for conservative investments like GICs, only to see nearly half of your hard-earned gains going straight to taxes. This episode unpacks how conservative choices in a corporate structure, while low-risk, can end up holding you back financially.In this episode, Kyle Pearce shares a real-life scenario of an incorporated business owner caught in a “tax trap” from passive income on retained earnings and explores a powerful solution: rethinking how these funds are invested using strategies that offer security without sacrificing growth. By shifting toward tools like whole life policies, this client could see significant compounding growth with far less tax erosion, transforming their conservative approach into one that builds wealth sustainably.Learn how to avoid the “passive income tax trap” and keep more of your wealth intact.Discover how whole life policies offer both security and significant tax benefits for conservative investors.Understand the long-term impact of leveraging retained earnings to maximize both present and future wealth.Tune in now to find out how small shifts in your investment strategy could save you thousands and boost your wealth-building potential!Resources Canadian Wealth Secrets Show Notes PageConsider reaching out to Kyle if you've been……taking a salary with a goal of stuffing RRSPs;…investing inside your corporation without a passive income tax minimization strategy;…letting a large sum of liquid assets sit in low interest earning savings accounts;…investing corporate dollars into GICs, dividend stocks/funds, or other investments attracting corporate passive income taxes at greater than 50%; or,…wondering whether your current corporate wealth management strategy is optimal for your specific situation.Are you holding onto retained earnings in conservative investments like GICs, unknowingly facing high taxes on passive income? Many Canadian business owners prioritize safety but risk seeing a significant portion of their earnings lost to income tax. In this episode, we explore how leveraging participating whole life insurance, infinite banking, and corporate tax strategies can help minimize liabilities, generate passive income, and provide a substantial death benefit—all while preserving wealth within a business structure. Don't let taxes erode your hard-earned wealth; discover how a strategic approach to permanent life insurance can unlock sustainable, tax-efficient growth for the future. Tune in to learn how small shifts in your investment strategy could boost your wealth-building potential!Ready to connect? Text us your comment including your phone number for a response!Canadian Wealth Secrets is an informative podcast that digs into the intricacies of building a robust portfolio, maximizing dividend returns, the nuances of real estate investment, and the complexities of business finance, while offering expert advice on wealth management, navigating capital gains tax, and understanding the role of financial institutions in personal finance.

The Get Ready For The Future Show
GRFTFS: Run out of Money with the 4% Rule?!

The Get Ready For The Future Show

Play Episode Listen Later Oct 19, 2024 36:04


"I realized my advisor's only strategy is some version of the 4% rule. How do I know if I'll run out of money?" We're answering YOUR questions on this week's Get Ready For The Future Show! What is your outlook on interest rates? At 62, should I keep my Universal Life Insurance policy? With a lot of seniors getting scammed, how do you protect your clients? And if you've got a question you want answered on the show, call or text 501.381.5228! Or email your question to show@getreadyforthefuture.com! Originally aired 10/16/2024

Canadian Wealth Secrets
Do You Have a Retirement Plan or Retirement Prayer?

Canadian Wealth Secrets

Play Episode Listen Later Sep 18, 2024 27:25


Are you prepared for a financially secure retirement, or are you leaving your future to chance?In this episode of the Canadian Wealth Secrets podcast, Jon Orr and Kyle Pearce delve into the crucial steps needed to achieve financial independence and secure your retirement. They explore your FIRE (Financially Independent Retire Early) number or FIRN (Financially Independent Retirement Number). Whether you're just starting your financial journey or are close to retirement, their insights will help you build a robust plan that aligns with your lifestyle goals.Discover how to calculate your "fire number" (FIRN) and understand the amount needed to retire comfortably.Learn practical strategies for asset accumulation and the importance of a solid decumulation plan.Gain valuable insights into setting and regularly reviewing your financial goals to ensure you're on track for a secure retirement.Listen to this episode now to take control of your financial future and start building a retirement plan that ensures your financial independence!Resources Canadian Wealth Secrets Show Notes PageConsider reaching out to Kyle if you've been……taking a salary with a goal of stuffing RRSPs;…investing inside your corporation without a passive income tax minimization strategy;…letting a large sum of liquid assets sit in low interest earning savings accounts;…investing corporate dollars into GICs, dividend stocks/funds, or other investments attracting corporate passive income taxes at greater than 50%; or,…wondering whether your current corporate wealth management strategy is optimal for your specific situation.Are you prepared for retirement? In this episode of the Canadian Wealth Secrets podcast, Jon and Kyle discuss essential strategies for financial freedom, including understanding your pension plan, maximizing RRSP contributions, and calculating your "FIRE" number. They also explore Canadian investing, income tax strategies, infinite banking, and the benefits of participating whole life insurance. Learn how to minimize taxes, plan your estate, and navigate advice from experts like Dave Ramsey. Don't leave your future to chance—start building a secure retirement today!Ready to connect? Text us your comment including your phone number for a response! Canadian Wealth Secrets is an informative podcast that digs into the intricacies of building a robust portfolio, maximizing dividend returns, the nuances of real estate investment, and the complexities of business finance, while offering expert advice on wealth management, navigating capital gains tax, and understanding the role of financial institutions in personal finance.

Canadian Wealth Secrets
Do I Need Life Insurance If I've Achieved Financial Freedom? (FIRE)

Canadian Wealth Secrets

Play Episode Listen Later Sep 11, 2024 32:45


Should you cancel your safety net structures like life insurance or disability when you reach your financial independence and are ready to retire early? This question is addressed when you consider how to balance your immediate financial needs with long-term wealth-building goals. Many people face the difficult challenge of managing both short-term expenses and long-term financial aspirations. In this episode, Jon and Kyle delve into strategies that help you strike the perfect balance between living comfortably today and securing your financial future. Drawing from personal experiences and regrets, they explore the importance of proactive planning and informed decision-making to avoid common financial pitfalls.Whether you're trying to achieve financial freedom (FIRE), manage your assets, or plan for your legacy, understanding how to align your short-term actions with your long-term goals is essential. This episode offers insights into the benefits of using tools like permanent insurance with high cash value to not only support your current lifestyle but also to ensure a secure financial future for you and your loved ones.Discover how to balance short-term financial needs with long-term wealth-building strategies.Learn about the potential of permanent insurance with high cash value as a tool for both financial freedom and estate planning.Gain insights into proactive planning techniques that can help you avoid financial difficulties later in life.Listen now to master the art of balancing your financial priorities and take the first step toward achieving both immediate comfort and long-term financial security! Resources Canadian Wealth Secrets Show Notes Page Consider reaching out to Kyle Pearce if you've been……taking a salary with a goal of stuffing RRSPs;…investing inside your corporation without a passive income tax minimization strategy;…letting a large sum of liquid assets sit in low interest earning savings accounts;…investing corporate dollars into GICs, dividend stocks/funds, or other investments attracting corporate passive income taxes at greater than 50%; or,…wondering whether your current corporate wealth management strategy is optimal for your specific situation.By hopping on a discovery call with Kyle, he will review your specific personal and corporate financial situation in order to determine if there are some quick wins available for you to minimize taxes personally or corporately, provide ideas for how you can increase your personal cash flow, and ensure that the net worth of your estate continues to grow in tandem.Balancing your financial priorities is crucial for achieving both immediate comfort and long-term security. In this episode, Jon and Kyle explore how concepts like financial freedom, financial independence, and the FIRE movement can be aligned with estate planning strategies such as infinite banking and the "bank on yourself" approach. They dive into the benefits of using participating whole life insurance, permanent life insurance, and universal life insurance to create a robusReady to connect? Text us your comment including your phone number for a response! Canadian Wealth Secrets is an informative podcast that digs into the intricacies of building a robust portfolio, maximizing dividend returns, the nuances of real estate investment, and the complexities of business finance, while offering expert advice on wealth management, navigating capital gains tax, and understanding the role of financial institutions in personal finance.

Canadian Wealth Secrets
When It Doesn't Make Sense for a Business Owner to Invest in RRSPs [Secret Sauce Ep12]

Canadian Wealth Secrets

Play Episode Listen Later Sep 6, 2024 22:12


Are you making the most out of your RRSP investments as a business owner, or is there a better way to secure your financial future?In this episode, we tackle the critical question of whether your current investment strategy is truly aligned with your long-term goals. If you've been contributing to an RRSP as a business owner, but you're unsure if it's the best approach, this discussion is for you. We explore alternative strategies, like using participating whole life insurance, that might offer better returns, greater flexibility, and significant tax advantages. Understanding how to maximize your investment vehicles can be the difference between a comfortable retirement and one filled with financial uncertainty.By diving into the specifics of real client scenarios, we shed light on the potential pitfalls of overly conservative investment strategies and how you can optimize your portfolio to better suit your risk tolerance and financial objectives. Whether you're a business owner looking to leverage retained earnings or simply someone seeking a smarter way to grow your savings, this episode offers valuable insights that can help you make more informed decisions about your financial future.Discover how whole life insurance can offer comparable returns to your RRSP with added tax benefits.Learn how to optimize your investment strategy to better align with your risk tolerance and long-term goals.Understand the benefits of leveraging insurance policies for retirement income and estate planning.Tune in now to uncover strategies that could transform your financial future—don't let conservative investments limit your potential!Resources:Canadian Wealth Secrets Show Notes Page…taking a salary with a goal of stuffing RRSPs;…investing inside your corporation without a passive income tax minimization strategy;…letting a large sum of liquid assets sit in low interest earning savings accounts;…investing corporate dollars into GICs, dividend stocks/funds, or other investments attracting corporate passive income taxes at greater than 50%; or,…wondering whether your current corporate wealth management strategy is optimal for your specific situation.Are your current RRSP and retirement strategies really maximizing your financial potential, or could you benefit from a smarter approach? In this episode, we explore Canadian investing options like RRSPs, IPPs, and innovative strategies like Infinite Banking and Participating Whole Life Insurance. Learn how to bank on yourself, minimize income taxes, and leverage permanent and universal life insurance for a low-tax, secure financial future. Don't miss out on insights that could reshape your retirement planning. Tune in now!Ready to connect? Text us your comment including your phone number for a response!Canadian Wealth Secrets is an informative podcast that digs into the intricacies of building a robust portfolio, maximizing dividend returns, the nuances of real estate investment, and the complexities of business finance, while offering expert advice on wealth management, navigating capital gains tax, and understanding the role of financial institutions in personal finance.

Canadian Wealth Secrets
Why You Need To Re-Consider How You Are Using Your Capital Dividend Account [Secret Sauce Ep10]

Canadian Wealth Secrets

Play Episode Listen Later Aug 23, 2024 12:19


Are you making the most of your corporation's retained earnings, or are you missing out on tax-saving opportunities using your capital dividend account?In this episode of Canadian Wealth Secrets, Kyle Pearce tackles a crucial topic for business owners: how to strategically use life insurance within your corporation and its capital dividend account to maximize tax efficiency and grow wealth. With the complexities of corporate taxes and the need for smart estate planning, understanding how to leverage retained earnings can make a significant difference in your financial future. Many business owners unknowingly leave money on the table by not fully utilizing the tax benefits available through corporate-owned life insurance policies.As inflation and rising taxes continue to impact your bottom line, now is the time to explore strategies that not only protect your assets but also allow for growth and wealth transfer in a tax-efficient manner. This episode dives deep into how to turn your corporation's retained earnings and the capital dividend account into a powerful tool for building and preserving wealth, offering insights that can help you achieve financial freedom and security.Learn how to leverage corporate-owned life insurance to maximize tax savings.Discover the benefits of using retained earnings for long-term wealth building and estate planning.Gain strategies to minimize your corporate and personal tax burdens while growing your wealth.Don't miss this essential episode—tune in now to uncover how you can turn your corporation's retained earnings into a tax-efficient wealth-building tool.Resources:Canadian Wealth Secrets Show Notes Page…taking a salary with a goal of stuffing RRSPs;…investing inside your corporation without a passive income tax minimization strategy;…letting a large sum of liquid assets sit in low interest earning savings accounts;…investing corporate dollars into GICs, dividend stocks/funds, or other investments attracting corporate passive income taxes at greater than 50%; or,…wondering whether your current corporate wealth management strategy is optimal for your specific situation.In this episode of Canadian Wealth Secrets, we explore how Canadian investing strategies like Infinite Banking and Bank on Yourself can turn your corporation's retained earnings into a powerful retirement tool. By utilizing participating whole life insurance, permanent life insurance, or universal life insurance, you can maximize the benefits of the Capital Dividend Account and death benefit, all while minimizing income taxes. Learn how to take advantage of low tax rates and corporate tax strategies to grow your wealth and secure your financial futureReady to connect? Text us your comment including your phone number for a response!Canadian Wealth Secrets is an informative podcast that digs into the intricacies of building a robust portfolio, maximizing dividend returns, the nuances of real estate investment, and the complexities of business finance, while offering expert advice on wealth management, navigating capital gains tax, and understanding the role of financial institutions in personal finance.

Canadian Wealth Secrets
What Should A Good Financial Advisor Charge To Manage My Investment Portfolio? [Secret Sauce Ep9]

Canadian Wealth Secrets

Play Episode Listen Later Aug 16, 2024 16:15


Are you paying too much in investment fees and wondering how to optimize your investment portfolio? Are you unsure what a good financial advisor should be charging you or even how to choose a wealth manager? Discover how to lower your costs and maximize your returns in this episode!In this episode, Kyle Pearce from Canadian Wealth Secrets addresses common concerns about investment fees and financial planning and wealth management. Many investors struggle with the high costs associated with financial advisors and MER fees, which can significantly impact their overall returns. By exploring different fee structures and investment strategies, this episode provides practical advice to help you make informed decisions and take control of your financial future.You will benefit from hearing real-life examples and detailed explanations of various investment options, including index funds and permanent insurance for tax minimization. Whether you're just starting out or looking to optimize your existing portfolio, the insights shared in this episode can help you navigate the complexities of wealth management and achieve your financial goals.Learn how to identify and reduce unnecessary investment fees.Understand the benefits and drawbacks of different financial planning options.Gain practical strategies for optimizing your investments and minimizing taxes.Tune in to this episode now and start taking control of your financial future by making smarter investment choices!Resources:Canadian Wealth Secrets Show Notes Page…taking a salary with a goal of stuffing RRSPs;…investing inside your corporation without a passive income tax minimization strategy;…letting a large sum of liquid assets sit in low interest earning savings accounts;…investing corporate dollars into GICs, dividend stocks/funds, or other investments attracting corporate passive income taxes at greater than 50%; or,…wondering whether your current corporate wealth management strategy is optimal for your specific situation.Discover how to reduce investment fees and optimize your portfolio with expert financial planning advice in our latest episode. Learn the differences between fee-based and commission-based financial planners, explore low-cost investment options like index funds and ETFs, and gain strategies for tax-efficient investing. Whether you're new to investing or looking to improve your wealth management, this episode provides practical tips and insights to help you achieve your financial goals.Ready to connect? Text us your comment including your phone number for a response!Canadian Wealth Secrets is an informative podcast that digs into the intricacies of building a robust portfolio, maximizing dividend returns, the nuances of real estate investment, and the complexities of business finance, while offering expert advice on wealth management, navigating capital gains tax, and understanding the role of financial institutions in personal finance.

Canadian Wealth Secrets
Who SHOULDN'T Buy A Permanent Life Insurance Policy

Canadian Wealth Secrets

Play Episode Listen Later Aug 7, 2024 32:23


Is a permanent life insurance policy right for you? Have you filled all of your tax sheltered buckets like RRSPs and TFSAs? Are you maximizing the benefits of life insurance in your wealth management strategy?In this episode of the Canadian Wealth Secrets podcast, Kyle and Jon delve into the complexities of permanent life insurance and term insurance, shedding light on common misconceptions and providing actionable insights. Many individuals and business owners struggle with determining the right wealth building strategy to complement their financial goals. This episode explores the nuances between term and whole life insurance, offering guidance on when each type is most appropriate based on one's financial journey and stability.Navigating the world of insurance and investment can be daunting, especially when considering the long-term impact on your wealth management efforts. Kyle and Jon discuss practical strategies for leveraging insurance policies to build an emergency fund, manage debt, and gain significant Canadian tax benefits. Whether you're early in your financial journey or looking for ways to optimize your existing strategy, this episode provides valuable perspectives to help you make informed decisions.What you'll learn:Understand the key differences between term and whole life insurance and how to choose the right option for your needs.Discover innovative ways to use a whole life policy for building an emergency fund and managing financial risk.Learn about the tax advantages of leveraging permanent insurance policies for retained earnings, particularly for business owners.Tune in to this episode now to learn if permanent life insurance is right for you and uncover how it can enhance your wealth-building strategy and secure your financial future!Resources Canadian Wealth Secrets Show Notes Page Consider reaching out to Kyle if you've been……taking a salary with a goal of stuffing RRSPs;…investing inside your corporation without a passive income tax minimization strategy;…letting a large sum of liquid assets sit in low interest earning savings accounts;…investing corporate dollars into GICs, dividend stocks/funds, or other investments attracting corporate passive income taxes at greater than 50%; or,…wondering whether your current corporate wealth management strategy is optimal for your specific situation.By hopping on a discovery call with Kyle, he will review your specific personal and corporate financial situation in order to determine if there are some quick wins available for you to minimize taxes personally or corporately, provide ideas for how you can increase your personal cash flow, and ensure that the net worth of your estate continues to grow in tandem.Ready to connect? Text us your comment including your phone number for a response! Canadian Wealth Secrets is an informative podcast that digs into the intricacies of building a robust portfolio, maximizing dividend returns, the nuances of real estate investment, and the complexities of business finance, while offering expert advice on wealth management, navigating capital gains tax, and understanding the role of financial institutions in personal finance.

Canadian Wealth Secrets
RRSP Investment Options and Alternatives For Business Owners [Secret Sauce Ep6]

Canadian Wealth Secrets

Play Episode Listen Later Jul 26, 2024 18:42


Are you an incorporated business owner struggling to determine the best retirement investment vehicle for the profits you retain in your corporation each year while minimizing the overall tax burden?Incorporated business owners often face the challenge of effectively managing retained earnings while planning for retirement. Traditional strategies like Registered Retirement Savings Plans (RRSP) Investment Options and Individual Pension Plans (IPP) might not offer the best tax efficiency or flexibility, leaving you to slowly meltdown the funds to try and limit substantial taxes the entrepreneur must pay when accessing these funds in retirement. This episode of the Canadian Wealth Secrets podcast dives into innovative approaches that can help you grow your wealth within your corporation to provide the most flexibility and access to funds while strengthening your long-term Canadian retirement financial security.Imagine having a strategy that not only shields your retained earnings from heavy taxation but also allows you to leverage those earnings for personal income and investment opportunities. By exploring the benefits of permanent life insurance policies such as participating whole life insurance, this episode provides insights into how you can use corporate dollars to create a tax-efficient and growth-oriented financial plan, ensuring you leave a lasting legacy while enjoying the Canadian retirement an RRSP or IPP simply cannot provide. What you'll learn:Learn how to convert retained earnings into a tax-efficient, growth-oriented financial tool to grow wealth during your capitalization years and financial security during retirement.Discover ways to leverage against corporate assets for personal income without heavy income tax burdens.Gain insights into creating a legacy and securing financial stability for future generations.Tune in now to unlock strategies that can transform your business earnings into lasting wealth and tax-free personal income!Resources:Canadian Wealth Secrets Show Notes PageCalling All Canadian Incorporated Business Owners & Investors:Consider booking a discovery call with Kyle if you've been……taking a salary with a goal of stuffing RRSPs;…investing inside your corporation without a passive income tax minimization strategy;…letting a large sum of liquid assets sit in low interest earning savings accounts;…investing corporate dollars into GICs, dividend stocks/funds, or other investments attracting corporate passive income taxes at greater than 50%; or,…wondering whether your current corporate wealth management strategy is optimal for your specific situation.This episode helps entrepreneurs and incorporated business owners to determine where they should be investing their retained earnings - inside the corporation or outside - in order to accumulate a high net worth over time and a low Canadian income tax stream of retirement income later. We will explore Registered Retirement Savings Plans (RRSP), Ready to connect? Text us your comment including your phone number for a response!Canadian Wealth Secrets is an informative podcast that digs into the intricacies of building a robust portfolio, maximizing dividend returns, the nuances of real estate investment, and the complexities of business finance, while offering expert advice on wealth management, navigating capital gains tax, and understanding the role of financial institutions in personal finance.

Insurance Pro Blog Podcast
Why Do so Many Agents Struggle to Understand Universal Life Insurance?

Insurance Pro Blog Podcast

Play Episode Listen Later Jul 14, 2024 33:18


In this episode, we explore the complexities and misconceptions surrounding one of the most versatile insurance products out there. Universal life insurance often gets a bad rap from agents who parrot outdated claims, but there's a deeper issue at play. The vast flexibility and customization options of universal life insurance make it both incredibly powerful and somewhat intimidating. We'll discuss why the learning curve for universal life insurance is steeper than for term or whole life policies. It's not that universal life is inherently complicated; it's just less idiot-proof. From our own experience, navigating the numerous selectors in the illustration software was anything but intuitive, leading to confusing outputs and a lot of head-scratching moments. One unique aspect of universal life insurance is its lack of a specifically required premium. Unlike term and whole life insurance, universal life uses a "recommended" premium that policyholders can ignore, focusing only on the minimum required to keep the contract in force. This flexibility can lead to mistakes if agents approach it like traditional life insurance products. Join us as we explain universal life insurance in detail and offer practical advice on how to use it effectively. We'll share tips on avoiding common pitfalls and making the most of its customizable features.  ______________________ If you're interested in exploring what a universal life insurance policy (specifically indexed universal life insurance or IUL) can do for you, please click here to contact us. 

Sara Grillo
Don’t be tricked by 8% eternal Universal Life Insurance Interest Rates!

Sara Grillo

Play Episode Listen Later Jun 24, 2024 1:23


The math behind Universal Life Insurance Interest Rates is a twisted web and most consumers are deceived. Know how the math works so you can see the potential risks that may exist with your policy. But before we get into it… Look, there are alot of schmucks out there hawking crap products disguised as financial […] The post Don't be tricked by 8% eternal Universal Life Insurance Interest Rates! appeared first on Sara Grillo.

The Military Money Manual Podcast
Tips for Separating from Active Duty, Avoiding Index Universal Life Insurance (IUL), and Military Entrepreneurship with Erik Baskin #129

The Military Money Manual Podcast

Play Episode Listen Later Jun 17, 2024 41:24


For a limited time, Spencer is offering one-on-one Military Money Coaching sessions! Get your personal military money and investing questions answered in a confidential coaching call. Real-estate returns, disability insurance, time-blocking techniques, and more! Erik Baskin is a Certified Financial Planner (CFP) and Air Force veteran. He's a fee-only, fiduciary financial planner and entrepreneur.    Main points: Separating from the military and lessons learned during the transition Military veteran entrepreneurship Knowing if real estate investing is good for you IUL policies- the math doesn't work out Why it's good to invest at all-time highs Holding onto too much cash Links: BaskinFP.com https://www.baskinfp.com/ BLUFfinance Podcast https://www.baskinfp.com/podcast Personal Finance Club Detailed Review of IUL Math https://www.personalfinanceclub.com/is-iul-a-scam-yes/ Just Keep Buying book by Nick Maggiulli https://www.amazon.com/Just-Keep-Buying-Proven-wealth/dp/0857199250 Erik Baskin on LinkedIn https://www.linkedin.com/in/erikbaskin/ Our new TSP course is live! Check out the Confident TSP Investing course at militarymoneymanual.com/tsp to learn all about the Thrift Savings Plan and strategies for growing your wealth while in the military. Use promo code "podcast24" for $50 off. Plus, for every course sold, we'll donate one course to an E-4 or below- for FREE! If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual or email podcast@militarymoneymanual.com. If you want to maximize your military paycheck, check out Spencer's 5-star rated book The Military Money Manual: A Practical Guide to Financial Freedom on Amazon or at shop.militarymoneymanual.com. I also offer a 100% free course on military travel hacking and getting annual fee waived credit cards, like The Platinum Card® from American Express, the American Express® Gold Card, and the Chase Sapphire Reserve® Card in my Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3. Learn how to get your annual fees waived on premium credit cards from American Express in the Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3. The Platinum Card® from American Express and the American Express® Gold Card waive the annual fee for active duty military servicemembers, including Guard and Reserve on active orders over 30 days. The annual fees on all personal Amex cards are also waived for military spouses married to active duty troops.

Sara Grillo
Get an in-force illustration whenever you buy a Universal Life insurance policy!

Sara Grillo

Play Episode Listen Later Jun 17, 2024 1:18


The regulators don't force insurance companies to provide in-force illustrations to their Universal Life policy holders and it allows them to deceive consumers who aren't prepared to do the math required to know the truth. Insurance companies make Bernie Madoff look like a petty thief. Don't fall for it! But before we get into it… […] The post Get an in-force illustration whenever you buy a Universal Life insurance policy! appeared first on Sara Grillo.

White Coat Investor Podcast
WCI #369: Mortgages, Universal Life Insurance and Annuities

White Coat Investor Podcast

Play Episode Listen Later May 30, 2024 49:11


Today we answer several of your mortgage questions including if you should put all the money you can toward your down payment or use some of it to pay off student loans and what kind of mortgage you should get. We discuss a unique situation around a universal life policy and once again answer that for the vast majority of docs no annuity in any of its sneaky forms is a worthy purchase, and finally answer a question about if paying off your student loans slowly actually improves your credit score. We also have a short interview with Jim Sheils over at SI Homes. Healthcare is changing, and so are you. Your current career goals are probably different than they were five years ago, and you probably have questions about how to achieve them. Consider locum tenens as a solution. Locumstory.com has all the information you need to learn more about the benefits of locums and how it can work for you. On the Locumstory podcast you can find expert interviews with physicians who've worked locum tenens firsthand and share what their experience was like along with advice for others looking to do the same. Tune in to The Locumstory Podcast on Spotify, Apple, or Google podcasts. The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you! Apply to be a speaker at WCICON25: https://WCICourses.com  Main Website: https://www.whitecoatinvestor.com  YouTube: https://www.whitecoatinvestor.com/youtube  Student Loan Advice: https://studentloanadvice.com  Facebook: https://www.facebook.com/thewhitecoatinvestor  Twitter: https://twitter.com/WCInvestor  Instagram: https://www.instagram.com/thewhitecoatinvestor  Subreddit: https://www.reddit.com/r/whitecoatinvestor  Online Courses: https://whitecoatinvestor.teachable.com  Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter 

DURHAM TALENTS CHANNEL
Myths, Mysteries & Misconceptions #14: Infinite Banking & Indexed Universal Life

DURHAM TALENTS CHANNEL

Play Episode Listen Later Apr 29, 2024 30:30


Myths, Mysteries & Misconceptions #14: Infinite Banking & Indexed Universal Life Them: “You can use IUL for Infinite Banking” Me: “Didn't Nelson (the author/discoverer of the IBC) say that he didn't own any or write any Universal Life Insurance?” Them: “Who's Nelson?”, “Yeah, but…”, “IUL is different…”, etc In this episode Jdew, one of The Banking Bros, and I discuss Indexed Universal Life, Whole Life Insurance and Infinite Banking. IULs are NOT Infinite Banking. Whole Life is NOT Infinite Banking; it is just the ideal entity to create for becoming your own banker. There's more to this misleading statement than at “face value” (pun intended;) 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.

For Advisors By Advisors
For Advisor By Advisors - Interview with Elan Moas, Author & Universal Life Insurance Whistleblower - Will the Universal Life Policies Written in the Past Blow Up? One Whistleblower Explains!

For Advisors By Advisors

Play Episode Listen Later Feb 14, 2024 41:29


In this episode, we have Noah Wills of Fortuna Wealth fill in for Evan J Mayer in the host chair.  He sits down with Elan Moas, Author & Universal Life Insurance Whistleblower.  They went over the industry known problem of insurance policies, mostly universal life policies, being sold years ago with hypotheticals that didn't hold up when rates went down.  Many of the policies are lapsing and/or are scheduled to lapse.  Elan goes into the ins and outs of his research and his path to trying to get these problems known.   His explanation as to what will happen might seem farfetched, but not to Elan.  I hope you enjoy today's show!  (*The thoughts, topics, and conversation is not the opinion of the show, host, or company.)Did this podcast get you to take action in some way? I'd love your thoughts and feedback on this podcast.  I'm always looking to connect with like-minded creative people that are motivated and want to be better!  You can connect to me on LinkedIn at https://www.linkedin.com/in/evanmayer/or feel free to email me at foradvisorsbyadvisors@gmail.com. Follow us on Instagram! @ForAdvisorsByAdvisors and YouTube For Advisors By Advisors

The Patti Brennan Show
142: Life Insurance

The Patti Brennan Show

Play Episode Listen Later Jan 26, 2024 19:09


One of the most common areas of confusion investors have throughout their lives involves insurance.  How much coverage is enough?  And there are so many types of coverage – which is best for my needs and my situation?  There are so many issues to consider when reviewing various plans. In today's episode, Patti defines the various coverages and explains the scenarios that determine which coverage is best. It is the next in the podcast series, #AskPattiBrennan - a series of episodes in which Patti answers one of her listener's frequently asked questions.  These podcasts are shorter in length and address one FAQ or RAQ (a rarely asked but should be asked) question.  

Let's Talk Legacy
Policy Pointers: Universal Life Insurance

Let's Talk Legacy

Play Episode Listen Later Jan 17, 2024 5:16


Dive into this highly adaptable and versatile coverage option, which includes cash value benefits, as well as an interest crediting rate, and is both life insurance AND investment.

WealthStyle Podcast
Life Insurance with Bobby Samuelson, Part 2: Index Universal Life Insurance

WealthStyle Podcast

Play Episode Listen Later Dec 4, 2023 30:11


Considering Indexed Universal Life Insurance (IUL) but still trying to figure out where to start?  You aren't alone.  Social media has promoted its benefits but also some misconceptions which can lead to confusion. In this episode of WealthStyle, Iván Watanabe and Evan Wohl are joined by Bobby Samuelson, Executive Editor at Life Product Review and … Read More Read More

George Kamel
The Worst Money Advice Your Parents Gave You

George Kamel

Play Episode Listen Later Nov 29, 2023 11:24


Ever realize that some of the things your parents taught you weren't quite right? Yeah, me too. That's why I asked you guys what parental money advice you were given that turned out to be a bad idea. Links:  This episode is brought to you by BetterHelp. Give online therapy a try at https://www.betterhelp.com/george and get on your way to being your best self. Preorder George Kamel's new book, Breaking Free From Broke, and get more than $100 in FREE bonus items.  Universal Life Insurance? More like a universal LIE: Watch Here

TK Kirkland Show
Episode 353: Whole And Universal Life Insurance

TK Kirkland Show

Play Episode Listen Later Nov 13, 2023 28:29


https://bedroom-therapy.com/

Life Covered Podcast
Universal Life Insurance: A Flexible Path to Financial Security

Life Covered Podcast

Play Episode Listen Later Nov 1, 2023 3:43


Universal life insurance: the chameleon of the insurance world. Flexible, adaptable, and ready to help you build a legacy of security. Questions? Chat with our experts at 801-404-3389!

Let's Talk Legacy
Policy Pointers: Term, Whole Life, and Universal Life Insurance

Let's Talk Legacy

Play Episode Listen Later Oct 25, 2023 7:56


Learn about the 3 most common types of life insurance; term, whole life, and universal life insurance, and how each can help you shape your legacy by meeting different needs.

Banking With Life Podcast
Top Moments from The Banking With Life Podcast: A Best Of Compilation

Banking With Life Podcast

Play Episode Listen Later Oct 6, 2023 20:17


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.

Not Your Average Financial Podcast™
Episode 311: The Troublesome Cost Time-bomb of Universal Life Insurance with Lester Himel

Not Your Average Financial Podcast™

Play Episode Listen Later Aug 18, 2023 36:02


In this episode, we ask: Would you like to join us for the FREE! Not Your Average Financial Summit on the afternoons of September 6 and 7, 2023? Register here! Would you like to travel back in time with us? Do you remember the TULIP bubble? What about FOMO (fear of missing out)? What about...

Motley Fool Money
Mailbag: Commercial Real Estate, Personal Finance, and International Investing

Motley Fool Money

Play Episode Listen Later Aug 12, 2023 31:32


Answering some of the questions you've emailed us at podcasts@fool.com. We've also got a listener hotline! Leave us a voicemail with your question at 703-254-1445. - (1:04) Will there be a commercial real estate collapse? - (5:22) What happens when a company you own goes bankrupt? - (10:41) Are there companies suited for the growing trend of hearing loss? - (15:03) How should investors think about Tesla's charging network?- (16:14) Stocks are more expensive. Should I keep buying? - (18:35) Are there cash-like ETFs? - (21:20) Should I buy Universal Life Insurance?- (23:38) Are there investing opportunities in India? - (25:41) How do foreign exchange rates affect an investing strategy? Companies/Tickers mentioned: TSLA, SOON, DEMANT, GN, KN, APPH, SGOV, SMIN, AMZN Host: Mary Long Guests: Deidre Woollard, Jason Moser, Asit Sharma, Brian Orelli, Robert Brokamp, Bill Mann, Scott Phillips Producer: Ricky Mulvey Engineer: Rick Engdahl

America's 401k Show with Coach Pete
Index Universal Life Insurance: is it right for you?

America's 401k Show with Coach Pete

Play Episode Listen Later Jun 21, 2023 12:58


Have you ever been sold on a product based on 'projections' instead of guarantees? Coach Pete is in the studio, talking about how to avoid games and gimmicks when preparing for retirement. If you have questions about taxes in retirement, or if you want a second opinion on your retirement plan, contact Coach Pete and the team at Capital Financial at (888) 623-8858.See omnystudio.com/listener for privacy information.

Easy Peasy Finance for Kids and Beginners
Term vs Universal Life Insurance – Easy Peasy Finance for Kids and Beginners – Podcast

Easy Peasy Finance for Kids and Beginners

Play Episode Listen Later May 31, 2023 3:45


A comprehensive Term vs Universal Life Insurance comparison: How are term life insurance and universal life insurance different, How much would you pay for each, Do the premiums change over time for either term life insurance or universal life insurance, What is the coverage period, Can someone outlive their insurance, Other distinguishing features, Which is ... Read More

Easy Peasy Finance for Kids and Beginners
Whole vs Universal Life Insurance – Easy Peasy Finance for Kids and Beginners – Podcast

Easy Peasy Finance for Kids and Beginners

Play Episode Listen Later May 23, 2023 3:20


A comprehensive comparison – whole vs universal life insurance: How are whole life insurance and universal life insurance different, How do the premiums compare, Is the cash value growth guaranteed, Do whole life insurance and universal life insurance offer any flexibility, Other distinguishing features, Which is better: universal life insurance or whole life insurance, and ... Read More

Easy Peasy Finance for Kids and Beginners
Is Universal Life Insurance Right for You – Easy Peasy Finance for Kids and Beginners – Podcast

Easy Peasy Finance for Kids and Beginners

Play Episode Listen Later May 9, 2023 3:47


What are the advantages & disadvantages of Universal Life Insurance? Is it right for you? Find out! Show notes and transcript at What is Universal Life Insurance? A Simple Explanation for Kids, Teens and Beginners What are the advantages & disadvantages of Universal Life Insurance? Is it right for you? Find out! Show notes and ... Read More

Insurance Pro Blog Podcast
Variable Universal Life Insurance: A Costly Gamble That Could Leave You Empty Handed

Insurance Pro Blog Podcast

Play Episode Listen Later Apr 9, 2023 39:19


In today's episode, we'll be discussing a topic that has generated a lot of buzz and intrigue in the life insurance industry: Variable Universal Life Insurance. Is it a smart investment or a costly gamble that could leave you empty-handed? We'll break down the ins and outs of this complex product, comparing it to popular alternatives like whole life insurance and indexed universal life insurance. First, we'll explore the allure of variable universal life insurance. At first glance, this type of policy seems appealing due to its premium flexibility and potential cash value accumulation. Policyholders can allocate their premiums to various sub-accounts, including stocks, bonds, and money market funds. This feature allows for the potential of higher returns compared to the guaranteed interest rate offered by whole life insurance or the non-guaranteed interest of indexed universal life insurance. However, this increased potential for returns comes with a higher level of investment risk. Our host will discuss the implications of this risk and how it could impact your policy's cash value and death benefit. Next, we'll examine the double-edged sword of premium flexibility. While it may seem like an attractive feature, it comes with hidden dangers, such as the potential for a policy lapse. If your policy's cash value is not sufficient to cover the expenses, your policy could lapse, leaving you without coverage. Our host will discuss the importance of lapse protection riders and their associated costs, as well as the requirements needed to maintain this protection. The episode will then shift focus to safer alternatives: whole life insurance and indexed universal life insurance. Both offer permanent coverage, tax-deferred growth, and flexible death benefit options. Whole life insurance provides a guaranteed cash value accumulation and a guaranteed interest rate, while indexed universal life insurance offers a non-guaranteed interest rate tied to a market index with a guaranteed minimum rate. We'll discuss the benefits of these policies and their suitability for different financial goals and risk tolerances. As we wrap up the episode, we'll weigh the risks of variable universal life insurance and emphasize the importance of making an informed decision. While variable universal life insurance may seem enticing due to its potential for higher returns and premium flexibility, it's crucial to carefully consider the risks involved, such as market volatility, policy loans, and surrender charges. Don't miss this in-depth analysis of variable universal life insurance. Whether you're considering purchasing a policy or simply want to learn more about it, this episode is packed with valuable information that will help you navigate the world of life insurance with confidence. Join us and empower yourself with the knowledge you need to protect your family's financial future. _________________________ If you'd like to explore whole life insurance, indexeded universal life insurance or are looking for ways to generate guaranteed retirement income, we can help. Please click here to get in touch with us.  

Physician Family Financial Advisors Podcast
VUL-nerable No More: Unwinding Variable Universal Life Insurance for Doctors

Physician Family Financial Advisors Podcast

Play Episode Listen Later Feb 15, 2023 31:04


Do you remember that guy? You know, the friendly insurance agent you met when you were a resident? That was back when you thought everybody was as honest and well-intentioned as doctors are. And that was at a time when you and your family were vulnerable not only to the whims of fate but the advances of greedy life insurance agents, too. They should have sold you a load of inexpensive term life insurance. Instead, they shook the tax stick at you and made you believe variable universal life insurance (VUL) was the way to go.   Now you know better.   In this episode of the Physician Family Financial Advisors podcast, Nate and Ben walk you step-by-step through how to correct this mistake without leaving your family exposed to the peril of premature death or the payment of unnecessary taxes. And if you somehow sidestepped this land mine during your residency, please forward this to a friend who might be trying to figure out how to protect their family.   IN THIS EPISODE   [2:55] Why do people buy Variable Universal Life Insurance?  [4:15] What are other ways to get similar benefits?  [6:22] Why is Variable Universal Life Insurance a lousy way to get these benefits? [8:00] Why do insurance people talk physicians into these things?  [9:20] What is the best way to unwind Variable Universal Life Insurance?  [10:25] Step 1: Make sure you're covered.  [16:14] Step 2: Get rid of Variable Universal Life Insurance - How do you avoid or minimize the tax bill?  [17:35] What is the difference between cash value and cash surrender value? [21:20] What is a 10-35 Exchange?  [21:47] What is an Annuity?  [24:23] What are other good options besides Variable Universal Life Insurance? [26:13] The reality of a Variable Universal Life Insurance policy.    GET MORE FROM PHYSICIAN FAMILY   • Catch all the great stuff we didn't mention in the show! Subscribe to our newsletter. DIY Doctor's Guide to Insurance - Coupon Code in our next newsletter  • Stop missing out on the tax breaks you deserve. Get The Overtaxed Doctor's Guide to Retirement. • Get on track for college in less time than it takes to change an explosive diaper. Download The DIY Doctor's College Plan Workbook. You'll find it all at https://physicianfamily.com/go.   NOTICE   Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

Cup Of Nurses
EP 198: Guide to Personal Finance With Anthony Swain

Cup Of Nurses

Play Episode Listen Later Jan 13, 2023 52:48


As travel nurses, we earn more money but with more money comes more problems. When it comes to finances in the travel nursing world, the majority of it is self-managed. Travel nurses are usually solely in charge of their finances. To start off, as a travel nurse, you will be responsible for setting up your 401k with an agency of the bank. If you are interested in keeping your finances in place, join us as we learn about student loans, IRAs, savings, and more in this fantastic episode of Cup of Nurses! Timestamp 00:00 Introduction 01:44 About Anthony Swain 03:37 Travel nurse financial lesson 04:48 Financial tips for new grad nurses 10:02 Possible modifications to make student loan repayment easier 14:25 Financial advice for nursing staff who want to do travel nursing 17:16 What to do with the money you've saved? 18:32 The journey of writing a book 20:31 What's inside the book 21:50 How to begin building financial stability 24:54 How to track your finances 30:35 What to do with your extra money 33:36 Can a nurse retire early? 36:45 Difference between Asset allocation and Investment allocation 38:01 Where are Anthony's Investment 40:57 Difference between an Index Fund and a Stock 45:38 Universal Life Insurance vs. Term Life Insurance Policy 50:12 Wrapping up the show Cup of Nurses: https://fanlink.to/CONsite Frontline Warriors: https://fanlink.to/FWsite Apple https://fanlink.to/Applepodcast Spotify https://fanlink.to/Spotifypodcast Cup of Nurses Store https://fanlink.to/CONshop Frontline Warriors store https://fanlink.to/FWshop Interested in Travel Nursing? https://fanlink.to/TravelNurseNow Free Travel Nursing Guide https://fanlink.to/Travelnursingchecklist Nclex Guide https://fanlink.to/NCLEXguide Cup of Nurses FB Group https://www.facebook.com/groups/cupofnurses Frontline Warriors FB group https://fanlink.to/FWFBgroup

PharmD Money
Ep 78: The Worst Financial Advice Of 2022: Index Universal Life Insurance

PharmD Money

Play Episode Listen Later Dec 27, 2022 15:55


As we approach the end of 2022, I like to reflect back on all the financial events that have taken place over the past 12 months. However, there is one popular piece of advice that I believe deserves the top spot of worst financial advice given this year.It's the serial advice from insurance brokers to buy Index Universal Life Insurance (IUL). This advice is alive and well on social media and being pushed by people with very little financial education all over the US.So, in this podcast episode, Derek explains what an IUL is and what makes this type of product so dangerous for individuals. Enjoy the show!

Allworth Financial's Money Matters
The challenges of investing, the pros and cons of REIT's, and is universal life insurance worth it?

Allworth Financial's Money Matters

Play Episode Listen Later Dec 10, 2022 52:41


On this week's Money Matters, Scott and Pat discuss the difficulties that come with investing.  A Florida man asks whether he has enough cash flow to purchase a $1 million home. You'll hear advice for a Michigan caller who may want to lease some of his land. Plus, the pros and cons of REIT's, and whether universal life insurance is worth it.   Join Money Matters:  Get your most pressing financial questions answered by Allworth's CEOs Scott Hanson and Pat McClain live on-air! Call 833-99-WORTH. Or ask a question by clicking here.  You can also be on the air by emailing Scott and Pat at questions@moneymatters.com. Download and rate our podcast here.

The Money Advantage Podcast
What is the Life Insurance Death Benefit?

The Money Advantage Podcast

Play Episode Listen Later Aug 15, 2022 56:54


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?

Insurance Pro Blog Podcast
All the Expenses of Universal Life Insurance

Insurance Pro Blog Podcast

Play Episode Listen Later Jun 26, 2022 40:42


Universal life insurance is characterized by its flexibility and transparency of expenses.  Unlike whole life insurance, where expenses operate under the cloak of proprietary information, we can easily call up the expense breakdown of universal life insurance policies and see exactly where the money goes. For universal life insurance policies, expenses fall into four main categories: Premium load Policy Fee Per 1,000 Charge Cost of Insurance Variable universal life insurance policies will also have an asset fee associated with the investment account(s) chosen. Listen to the full episode to hear an explanation of all the expenses AND why you need not be afraid of them! __________________________________________ If you'd like to look at a policy for yourself, please click here to get in touch with us!

Simply Explaining Insurance
Simply Explaining Insurance #222- Universal life insurance

Simply Explaining Insurance

Play Episode Listen Later Jun 7, 2022 15:07


This podcast episode explains the different types of universal life insurance policies and how they work. My Website Agency Launch training. Agency Launch Podcast. Music by Roger Clyne and the Peacemakers Simply Explaining Insurance on ITunes Simply Explaining Insurance on Spotify. On Stitcher On Android use Podcast Addict and search for Simply Explaining Insurance. The post Simply Explaining Insurance #222- Universal life insurance appeared first on Dietz Agency.

ThimbleberryU
Types of Life Insurance

ThimbleberryU

Play Episode Listen Later May 16, 2022 14:25


For Amy Walls, life insurance is personal.  Today, she explains what she went through as a child that informs her feelings on the topic today.For many, life insurance can be complicated.  We break it all down for you today, starting with temporary (term) insurance and permanent life insurance - and the different categories within it.As with most types of insurance, we'll have needs at different points in our lives, depending on income, assets, and what needs to be protected.Within permanent types of insurance, Amy explains the differences between Whole Life Insurance, Universal Life Insurance, and Variable Universal Life Insurance policies.  They can all be great tools, but very dangerous if used improperly.Remember, a life insurance policy isn't about taking care of yourself.  It's about taking care of those you care about.Finally, Jag asks Amy about those who may not need life insurance.For questions about  anything related to your financial future, reach Amy Walls and her team at Thimbleberry Financial at (503) 610-6510, or on the web at https://thimbleberryfinancial.com/