Not Your Average Financial Podcast™
Episode 341: Base vs. Boost! The Ultimate Ratio for Bank on Yourself®
In this episode, we ask:
- How might you phrase a question?
- Would you like to hear some commonly asked questions?
- Would you like to email us at hello@nyafinancialpodcast.com?
- How much should be put into base premium and how much into paid up additions?
- Who is your Bank on Yourself® Professional?
- Who protects the Bank on Yourself® brand?
- Why is this important?
- What are the three major components?
- Would you like to hear Episode 6?
- What is a base face amount?
- What remains fixed?
- What about guarantees?
- What is the term rider?
- What about converting term riders?
- What is the paid up addition?
- How does the paid up addition affect the death benefit?
- How about an example?
- How are Bank on Yourself® type whole life insurance policies different from traditional, basic whole life insurance policies?
- What happens if you shrink down the face amount?
- What problem could develop?
- Do you have a modified endowment?
- Why add a term rider?
- How much does the term cost?
- What is the benefit of the term rider?
- What accelerates the cash value accumulation?
- What increases the death benefit?
- Would you like to hear Episode 142?
- What are the three components of a good sailboat?
- What about a good balance?
- Who knows how to build this properly?
- Is the base a necessary evil?
- How about a bank account?
- How is the boat designed?
- Where did that YouTube advisor get their credentials?
- What is the reason for the base contract?
- What about dividends?
- What about upkeep?
- What happens later on?
- What about speed and power?
- What happens if income drops?
- What provides instant growth?
- Why is some base important?
- What is a strong blend?
- What happens when you increase your base premium?
- What are the benefits? What are the opportunity costs?
- What likely happens to the dividends?
- Who thinks long range?
- When in your lifetime will you not need money?
- How about an example?
- What about liquidity?
- What happened from year 3 to year 4 in this example?
- Who is paying who for that life insurance policy?
- How can this policy perform incredibly well?
- What about the long-term family business thinking of this Japanese hotel?
- Are you able to think long range?
- Are you thinking about multiple generations?
- When do you want your money to be most efficient?
- What about balancing your base premium with paid up additions properly?
- Are you aware of the risk of a shrinking base / face amount?
- Did you know term riders can be your friend?
- Have you reviewed your existing life insurance policies?
- Who is your Bank on Yourself® Professional?
- What tools have you reviewed?
- What questions do you have?
- What valuable insights might you discover?
- Would you like to ask a question for the mailbag by emailing us at hello@nyafinancialpodcast.com?