Strategic Whole Life - Authorized IBC
Strategic Whole Life - Authorized IBC
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113: What Term Insurance REALLY Costs You
When comparing term insurance costs to whole life insurance, you can't use grade school math and add up the premiums paid over time.
With money, we must use financial math to account for the time variable. When we do that, the numbers tell a much different story than what the "buy term, invest the difference" people tell.
The true cost of term insurance could be tens of millions or more!
Join us today as we once again examine some numbers to reveal the truth about what term insurance really costs.
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EPISODE HIGHLIGHTS:
00:53 Understanding Asset Classes
01:39 Term Insurance vs. Whole Life Insurance
04:18 Cost Analysis: Math vs. Financial Math
06:30 Graphical Illustration of Costs
10:50 Generational Impact of Term Insurance
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LINKS:
Get in touch: SCHEDULE A CONSULTATION
www.strategicwholelife.com/p/contact/
Online Course: IBC MASTERY
www.strategicwholelife.com/ibc-mastery
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About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit from a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family-even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in Silicon Valley's startup world, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
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Connect with us
Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today!
www.strategicwholelife.com/p/contact/
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ONLINE COURSE:
Stop wasting hours on UA-cam trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
IBC MASTERY
www.strategicwholelife.com/ibc-mastery
Переглядів: 18

Відео

112: 31 Things to Know About Whole Life Insurance
Переглядів 34День тому
John Montoya covers 31 insights he devised about the importance of whole life insurance. This is a detailed list of observations, ranging from whole life's historical significance and tax advantages to its role in financial independence, the banking function, and family security. There really is no other asset like whole life insurance! Tune in... EPISODE HIGHLIGHTS: 00:21 The Motivation Behind...
111: The Real Costs of Term vs. Whole Life Insurance
Переглядів 4214 днів тому
When comparing the costs of term life insurance vs whole life insurance, we can't just compare the premium prices and call it a day. Because whole life insurance is an asset that builds equity, not all premiums are a true cost like they are with term insurance. In this episode, we break down the math and provide a real, apples-to-apples comparison of the true costs of term vs. whole life. Check...
The Real Cost of IUL Caps and Participation Rates
Переглядів 421 день тому
Far from getting "market-like returns," IUL merely uses a market index to credit the policy. The costs, crediting caps, and participation rates tell a much different story than what is told during the sale.
110: Why You Should Just "Say No" to IUL
Переглядів 3221 день тому
In today's episode, we discuss a misleading IUL ad we found on Instagram. We break down the numbers to explain why this ad (and IUL in general) is, in our professional opinion, a smoke-and-mirrors game. Indexed Universal Life (IUL) is often touted as "unbundled whole life insurance" or, worse, just like an investment but with no risk... Nothing could be further from the truth. IUL is not an inv...
109 Currence The IBC Operating System
Переглядів 31Місяць тому
Today, we have a special guest, Dave Mozeika, co-founder of the cash flow platform called Currence. In episode 103, we discussed the problem of a lack of focus on savings and spending. Today's topic, Currence, is the solution to that problem. Currence is about setting up a better cash flow structure that, combined with IBC, can create financial freedom faster than you ever thought possible. Tun...
108: The Value of IBC In Every Stage of Life
Переглядів 32Місяць тому
In this episode, we'll discuss how IBC positively affects every stage of life, from your first job and accumulation to retirement and transferring a financial legacy. Tune in! EPISODE HIGHLIGHTS: (02:08) Starting Your Financial Journey: First Job (10:47) Building a Family and Financial Security (19:50) Accumulation Phase: Growing (and Protecting) Your Wealth (24:40) Pre-Retirement Planning: Max...
106: Smarter Recurring Expenses with Infinite Banking
Переглядів 20Місяць тому
How and when should you use IBC to pay for expenses vs just paying cash? In this episode, we share a "recurring expense funds" model that proves the mechanics of using The Infinite Banking Concept to better pay for large recurring expenses. Subscribers to the IBC MASTERY online course can watch a deep-dive video explanation of the recurring expense fund model. EPISODE HIGHLIGHTS: (00:58) The Ca...
107: 3 Cases for Single Premium Whole Life
Переглядів 32Місяць тому
We have spent a lot of time discussing why paying premiums is great and why we should want to pay them for as long as possible. From an Infinite Banking perspective, why would we not want to capitalize our "bank" to the greatest extent possible? This begs the question: is it ever appropriate to not pay a premium for a long time? A "Single-premium" whole life policy is designed for one premium, ...
Episode 65 - What Problems Does Infinite Banking Solve?
Переглядів 101Рік тому
Stop wasting hours on UA-cam trying to piece together the information you want about The Infinite Banking Concept. Use code "PODCAST" to get 50% off of our soup-to-nuts online course: IBC MASTERY www.stackedlife.com/ibc-mastery MAIN EPISODE DESCRIPTION One of the biggest financial problem we all face comes straight from the book, Becoming Your Own Banker; Parkinson's Law. "A luxury, once enjoye...
Episode 64 - What is an "IBC Style" Whole Life Insurance Policy
Переглядів 55Рік тому
Stop wasting hours on UA-cam trying to piece together the information you want about The Infinite Banking Concept. Use code "PODCAST" to get 50% off of our soup-to-nuts online course: www.stackedlife.com/IBC-Mastery Main Episode Description There is a ton of information about Infinite Banking out there and opinions about "correctly-designed" policies probably top the list. We want to help you c...
Episode 62 - Life Insurance is Not an Investment. Here's Why That's Important.
Переглядів 30Рік тому
Episode Description Unlike your typical investing, whole life insurance must be looked at in a different light. Life insurance is not an investment and it never has been. The good news is that, while life insurance is not an investment, what it actually is makes all of your investments perform even better. Tune in to this one and get a better understanding of how life insurance can play an impo...
Episode 60- Showdown: Sort Pay vs. Long Pay Whole Life Insurance Policies
Переглядів 34Рік тому
Get all the info you need about The Infinite Banking Concept® at: www.TheFifthEdition.com Main Episode Description: One of the most valuable traits an IBC practitioner can have is patience - you need to be able to “think long range”, as Nelson put it. Which brings us to today’s topic: short pay and long pay policies. This is a hotly debated topic amongst life insurance agents and there is a lot...
Episode 63 - Recent Policy Loan Interest Rate Increases
Переглядів 13Рік тому
Get a 50% off our online course, IBC Mastery Use code PODCAST at www.stacekedlife.com/ibc-mastery With current rising interest rates, many carriers have similarly raised the interest rates on policy loans. Many whole life policy owners are wondering how this will affect their practice of The Infinite Banking Concept ®. In this episode we talk about policy loan rates and what to expect with whol...
Episode 61 - Capital, Banking, and The IBC Grocery Store Analogy
Переглядів 24Рік тому
In his book, Becoming Your Own Banker, Nelson Nash did something very special to help readers gain a deeper understanding of the importance of capital formation. Rather than discuss money directly, he talked about it through the example of a grocery store owner stocking cans of peas. Nelson used food inventory because, just like money, it can be both sold and consumed. In this episode, we discu...
Episode 59 - The Application Process
Переглядів 10Рік тому
Episode 59 - The Application Process
Episode 58 - Multiple Whole Life Policies for Infinite Banking
Переглядів 224Рік тому
Episode 58 - Multiple Whole Life Policies for Infinite Banking
Episode 57 - The Incredible Tax Efficiency of IBC
Переглядів 40Рік тому
Episode 57 - The Incredible Tax Efficiency of IBC
Episode 56 - The Catch Up Provision of a Whole Life Insurance Policy
Переглядів 31Рік тому
Episode 56 - The Catch Up Provision of a Whole Life Insurance Policy
Episode 55 - IBC, Health, and the Freedom to Heal
Переглядів 37Рік тому
Episode 55 - IBC, Health, and the Freedom to Heal
Episode 52 - An IBC Retirement Strategy
Переглядів 88Рік тому
Episode 52 - An IBC Retirement Strategy
Episode 42 - Paying "Extra Interest"
Переглядів 432 роки тому
Episode 42 - Paying "Extra Interest"
Episode 41 New Changes to Whole Life Insurance Policies
Переглядів 142 роки тому
Episode 41 New Changes to Whole Life Insurance Policies
Episode 40 - Policy Design: Rate of Return vs. Principles-Based Design
Переглядів 482 роки тому
Episode 40 - Policy Design: Rate of Return vs. Principles-Based Design
40: Policy Design: Rate of Return vs. IBC Based Principles
Переглядів 1Місяць тому
40: Policy Design: Rate of Return vs. IBC Based Principles
Episode 39 - "Shopping" for Your Money
Переглядів 162 роки тому
Episode 39 - "Shopping" for Your Money
Episode 38 - Guaranteed and Non-Guaranteed Life Insurance Cash Values
Переглядів 2832 роки тому
Episode 38 - Guaranteed and Non-Guaranteed Life Insurance Cash Values
Episode 37 Universal Life *NOT* Right for IBC®
Переглядів 402 роки тому
Episode 37 Universal Life *NOT* Right for IBC®
Episode 36 - IBC as a Financial Bridge
Переглядів 152 роки тому
Episode 36 - IBC as a Financial Bridge
Episode 19 - What is Our Biggest Financial Problem?
Переглядів 142 роки тому
Episode 19 - What is Our Biggest Financial Problem?

КОМЕНТАРІ

  • @anthonygallegos4708
    @anthonygallegos4708 19 днів тому

    Great content!

  • @anthonygallegos4708
    @anthonygallegos4708 19 днів тому

    In essence a child learns the value of money and paying for their own education while taking advantage of ibc. The best of both worlds really.

  • @markf.2050
    @markf.2050 6 місяців тому

    Why multiple policies for IBC? Could it be so you can pay multiple commissions? Why do IBC with whole life policy? Here is how and why I practice infinite banking with my own savings account at a high yield online bank: My bank (Ally) did not need a salesman to sell me my account. My bank, where I "store" my cash, does not charge any commissions. I "broke even" on day one, not year 7. My bank does not convert my cash into a "cash value." My bank has no fees to sap the effective interest rate - currently 4.35%. My bank has no MEC limits on my savings account. At my bank, if I want some of my money I just request it and they give it to me. No fees. If they send me money from my account, there is no need to pay it back to my account, but I can if I want to - at 0% interest. At my bank, if I pay myself back at the same rate I would pay on a policy loan, I come out ahead in cash compared to a cash value with uninterrupted compounding growth. Compounding growth is not a unique feature of cash values. If I don't pay it back, there are no compounding interest charges against my account. At my bank, if I want to close my account, they give me 100% of my funds. (No surrender fee.) At my bank, I earn taxable interest. That is because my account experiences real growth of money I can readily spend. At my bank, I will always have taxable interest income because I am able to pull out MORE than I put in. (The same could apply to cash value "infinite banks," but you're unlikely to ever pull out more than you put in.) At my bank, if I want a loan, I don't have to self fund it first or wait 20 years to build up a cash value. At my bank, loans are tax-free. (ALL loans everywhere are tax free!) At my bank, if I take out a loan, the maximum amount is not tied to some percentage of my savings account. At my bank, if I get a loan, my savings continue to earn interest unaffected by the loan. (WOW! Just like a cash value "infinite bank.") At my bank, if I die, the bank does not keep the funds in my account. My designated primary or secondary beneficiaries get ALL of it. (Ask your salesman what happens to your cash value.) My bank does not provide a death benefit. (OMG!) At my stage in life, I don't want or need one, and they don't make me pay for it either. (And if I did want life insurance, I'd buy a term policy.)

  • @marlowbosville4454
    @marlowbosville4454 Рік тому

    Oh man, so cool!! You really need SMZeus!!

  • @jjsoccer1010
    @jjsoccer1010 Рік тому

    Like the start…….”This is an adult thing to do”……that was great. The Swiss Army Knife of the financial world along with IBC is not for short term thinking. Some of my favorite takeaways. Another solid podcast guys. Great job!

  • @jjsoccer1010
    @jjsoccer1010 Рік тому

    Great stuff guys…..really liked the mortgage analogy; helpful to explain where someone may choose to redirect their money into an IBC policy as opposed to paying off their mortgage faster. They can then have two assets, of which, only one of them is guaranteed to appreciate over time and doesn’t require any lawn mowing or carpet cleaning. (My creative liberty take 😊)

  • @jjsoccer1010
    @jjsoccer1010 Рік тому

    Since you are talking about 'Being An Honest Banker' in this episode, could you please do a comparison video relating to the latest SVB takeover. Since you mentioned you're right down there in Silicone Valley, I figure you may have some unique insight. Thanks you two....... your podcasts have been valuable to my IBC understanding and I appreciate what you do here to educate us. #IBC #NelsonNash #TheFifthEdition

    • @strategicwholelife
      @strategicwholelife Рік тому

      JJ - thanks for the kind words. There is probably not much to compare regarding SVB. The insurance companies are so much more well-capitalized and have so many more safeguards in place. However, maybe we can discuss that on a future episode. Thanks for the comment!

  • @jjsoccer1010
    @jjsoccer1010 Рік тому

    Wow, what a testimonial! ❤ Thanks for letting your listeners ease drop on your conversation. 😊

    • @strategicwholelife
      @strategicwholelife Рік тому

      Missed this comment a while back. Yes, this was a powerful episode. We appreciate you listening!

  • @amancio2446
    @amancio2446 2 роки тому

    I’m hoping this podcast will inspire my 23- year old. I have a policy and I’ve explained it the best I can on how I’ll be able to use it and how it’ll be part of our Family Bank. He’s slowly grasping the concept and is willing to re-route his $ towards IBC. I’ll live vicariously through him, hoping we will prosper together. Thank you for all you do to get this information out. Aloha 🤙🏾

    • @strategicwholelife
      @strategicwholelife 2 роки тому

      That's great! Most of wish we could have started when we were 23 years old!

  • @paulstutsman
    @paulstutsman 2 роки тому

    I got lucky. The 3rd video I watched on UA-cam about banking with life was a Video with Nelson Nash in it.

    • @strategicwholelife
      @strategicwholelife 2 роки тому

      Glad you found BWL. An excellent podcast with very knowledgeable advocates for IBC.

  • @marieflorbriones2993
    @marieflorbriones2993 3 роки тому

    I really love listening ''The Fifth Edition'' podcast. Both hosts (John Montoya and John D. Perrings) are very professional, knowledgeable, and informative.