Not Your Average Financial Podcast™

Not Your Average Financial Podcast™


Episode 341: Base vs. Boost! The Ultimate Ratio for Bank on Yourself®

March 15, 2024

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?