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Episode 132: Infinite Banking: Proof That Whole Life Insurance Costs Less Than Term Life Insurance
Manage episode 435022353 series 3308339
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Becoming Your Own Banker by Nelson Nash:
https://infinitebanking.org/product/becoming-your-own-banker/ref/46/
Visit our website:
https://www.thewealthwarehousepodcast.com/
Term life insurance has long been a favored product due to it’s affordability and coverage.
While this is right direction, it isn’t the destination when it comes to securing your financial future.
In this week’s episode, Dave and Paul break down the argument for whole-life insurance vs. term life insurance and give you the right framing and context you need to understand where you’re parking your money.
Episode Highlights:
0:00 - Teaser
0:18 - Introduction
2:44 - Being “coachable” in IBC
4:39 - Whole life insurance is cheaper than term life insurance
8:07 - Most people are surrounded by liabilities
9:25 - Why is term a liability?
13:22 - What is a sunk cost?
16:42 - What’s really expensive?
17:25 - Your money has to reside somewhere
19:11 - I made it to age 60.. Now what?
21:43 - The only thing that gets better w/ age
23:30 - Non-forfeiture options
25:17 - Your life insurance: will it be an asset or liability?
27:23 - Episode wrap-up
ABOUT YOUR HOSTS:
David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money.
David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life.
Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a MA in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich.
As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people.
Visit our website:
https://www.thewealthwarehousepodcast.com/
Catch up with David and Paul, visit the links below!
Website:
https://infinitebanking.org/agents/Fugere494
https://infinitebanking.org/agents/Befort399
LinkedIn:
https://www.linkedin.com/in/david-a-befort-jr-09663972/
https://www.linkedin.com/in/paul-fugere-762021b0/
Email:
davidandpaul@theibcguys.com
144 episodes
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