Introduction Are you using your life insurance policy’s cash value to invest in real estate? Are you using a policy loan from the insurance company? If so, you need to read this post. Don’t use a policy loan when you leverage the Cash Value of an Infinite Banking policy for […]
If you are a real estate investor who wants to use a life insurance policy for real estate investing, you need to have a maximum over-funded life insurance policy. When you get an illustration from your life insurance agent, how do you know that the policy has been designed properly? and is a maximum over-funded life insurance policy? Understanding life insurance illustrations isn't easy.
Private banking strategies like The Double Play require a maximum over-funded life insurance policy to get the most benefit. Not every "over-funded" policy is funded right up to the legal Maximum (Minimum non-MEC). The best way to know that your policy design is funded right to the minimum non-MEC threshold is to look at the ratio of the cash value to the premium in the first policy year of your Illustration. If it is not 85-90%, then the policy is likely not designed right.
How often do you hear the recommendation to “Buy Term and Invest the Difference” when the subject of permanent life insurance comes up? Do you accept that statement at face value? Or are you like me and you need to see some proof? The Premise The premise behind “Buy Term […]
By coupling a high-deductible health insurance plan with Critical Illness, Long Term Care, and Accidental Injury policies, you can lower your total cost of Health Insurance while simultaneously increasing your level of protection. Fact: Costly illnesses are responsible for two-thirds of all personal bankruptcies in the United States. Health Insurance […]
I just had a really fun and great interview as a guest for Jim Froehlich on his Podcast for Patriots show. The link to the podcast is below. Here’s what you’ll learn… We had a fun conversation about my background and military experience prior to college and career. Lots of […]
There is a lot of fear-mongering about life insurance on social media. The Whole Life guys are bashing IUL. The IUL guys are bashing Whole Life. Securities guys are bashing life insurance. I don’t know what your motive is in making such a blunt statement without providing any facts to […]
I just saw this article from Bloomberg today… https://www.bloomberg.com/news/articles/2017-08-21/how-far-does-1-million-savings-go-in-retirement-state-by-state It doesn’t have to be that way. The common “Rule of Thumb” used to be the “4%-Rule”. You can take out about 4% of your savings each year and expect your savings to keep up with inflation and ride the ups […]
My favorite tool for retirement planning is permanent life insurance. Many people view life insurance simply as “insurance”. That you are paying for something that will benefit the next generation. They think of the premiums as an expense. Most people don’t realize how powerful life insurance is for creating tax-free […]