Not Your Average Financial Podcast™
Episode 339: How Bank on Yourself® Solves the Four Greatest Dangers to Your Retirement
In this episode, we ask:
- Who do you know who needs to hear this?
- Would you like a free book?
- What are the four greatest dangers to your retirement?
- Did you hear Episode 338?
- How does the Bank on Yourself® type whole life insurance policy solve these dangers?
- What does Pamela Yellen do to protect the intellectual property and quality of the Bank on Yourself® brand?
- Are you getting a correctly and properly designed dividend paying whole life insurance policy?
- Did you buy an incorrectly designed policy? Would you to book a meeting with us to get a second set of eyes on that policy?
- Are you working with a Bank on Yourself® Professional?
- Would you like to hear Episode 160?
- What about predictable guaranteed growth, liquidity and tax advantages?
- When do you need money most?
- Where does the guarantee come from?
- What about dividends?
- How long have our companies been paying dividends?
- What is the minimum amount of saving you will have on the day you plan to retire?
- Who audits the life insurance companies?
- How rare is it for insurance companies to go bankrupt?
- Who backs the insurance companies?
- Are banks a safe place to keep money?
- How many banks failed in 2008?
- What happened to the deposits of those banks?
- Who bailed them out?
- Pop quiz?
- How many life insurance companies failed in 2008?
- What happened to Lincoln Memorial Life Insurance?
- What was the result for the policy holders?
- What is Bank Owned Life Insurance?
- What did an FDIC report show about bank’s life insurance holdings?
- How much cash value is on the balance sheet of these banks?
- What are banks doing with their money?
- What about fees and cost surprises?
- What happens in a traditional retirement account with fees of 1%?
- How much is paid to life insurance agent as commission?
- Which one costs more?
- Which one goes on forever?
- Which one has a stop loss?
- Who gets guarantees?
- Why would Bank on Yourself® Professionals take reduced pay?
- How much of your cash value can you access?
- What are the RMDs on whole life insurance?
- Who is in complete control of the money in a life insurance policy?
- What do you finance?
- Who pays interest?
- Who earns interest?
- What about assets under management (AUM)?
- What about all of the dollars you pay in expenses throughout your life?
- What is the required repayment scheduled on life insurance cash value loan balances?
- Can your money do two things at once?
- What is compounding and growing?
- Who offers these unique products?
- What about self financing?
- Are you constantly interrupting the growth of your money because you need to buy stuff?
- Is there a better way?
- What are some famous examples of successful business owners?
- What happened following the 1929 stock market crash?
- Does having money safe, liquid, growing at a competitive rate without market risk, take away any of your options?
- Doesn’t it give you more options?
- What are the multiple tax advantages?
- Do you know what your tax bill will be?
- What about the tax on social security?
- Is income taken from your policy taxable?
- What about medicare premium?
- What about business owners financing business expenses?
- What about the death benefit?
- What do you want your money doing for you?
- Does your strategy give you guaranteed growth?
- Does your strategy lock in your principal in growth?
- Does your strategy give you control over your money?
- Does your strategy let you use your money without penalty?
- Does your strategy give you a tax free retirement income?
- What gives you more freedom?
- What about Roth accounts?
- What about life insurance policies?
- Does your strategy let you access your money without liquidating your cash?
- What are the restrictions on 401(k) loans?
- What hardship happens if you lose your job?
- What is truly unique in the financial universe?
- Would you like to hear more in Episode 205 and Episode 206?
- Does your strategy finish funding yourself if you die prematurely?
- Does your strategy let you know the minimum guaranteed value of your savings?
- Does your strategy give you a plan where you can count on it?
- What works to your advantage in every single instance here?
- What do you want your money doing for you?
- How about some case studies?
- What makes sense in your situation?
- Why work with Mark Willis, CFP®?
- What is key to making sure your policy is designed properly?
- Do they have the right credential?
- Would you like some personalized reports?
- Would you like to schedule a meeting?