Not Your Average Financial Podcast™

Not Your Average Financial Podcast™


Episode 339: How Bank on Yourself® Solves the Four Greatest Dangers to Your Retirement

March 01, 2024

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?