Why Wealth Nation Is Changing Their Mind About Life Insurance |
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- Опубліковано 11 лип 2024
- In this special BetterWealth episode, I talk with @WealthNation about their formulas for creating a successful financial plan and how life insurance has completely changed how they approach financial planning and wealth creation.
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0:00 - Intro
3:04 - Darius & Carmen's life-changing tragedy and how it's changed their business
8:10 - Don't be a Victim, take Ownership of your Financial life
13:55 - The Process of Filling Their Child's Death Claim
22:02 - Wealth Nation's Framework for Wealth Building
27:00 - Caleb's Wealth Framework
34:20 - Why you HAVE TO GET CLARITY!
37:43 - How You've Changed Your Approach to Life Insurance
43:02 - Term vs Whole life insurance
46:50 - Do Illustrations Actually Matter?
54:50 - Caleb's new thoughts on life insurance & financial literacy
1:01:16 - What to expect from BetterWealth & Wealth Nation in 2024
1:04:16 - How to connect with Wealth Nation
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*This video is for entertainment purposes only and is not financial or legal advice.
Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered. - Розваги
You can sorta do term insurance when they’re under 18 by doing an IUL where the underlying insurance is annual renewable term. I have 1 million dollar DB IUL’s on all my kids and the COI on the ART is literally just a few hundred dollars per year. That 1M DB allows me to fund them at around 30k per year.
Great collaboration. Darius and Carmen are great and their retreat provided a wealth of information. It would be great to meet you too Caleb.
I am crazy impressed with this episode. As a father of 3, hard to watch :( But thank you!)
Thank you! This conversation definitely was a gut punch and gives crazy perspective on what matters!
unforgiveness is like drinking poison and hoping the other person dies;!!;Wow!!!!
42:35 can we use the term Permanent vs whole life all the time, that’s a specific product in the permanent umbrella
I heard "I'm writing the Betterwealth book" 👀👀
CANNOT wait to read.
Can’t wait to share more 😎
How were y’all able to get a policy approved on a newborn in NICU?
That is a great question. I was thinking about that after the interview.
Probably a Children's term rider on their policy. If they added it when they had their first daughter, these riders typically cover ALL children born to them now and in the future. AND many have conversion options when the child is age 25, 28, 31, etc. The first company I was with (Woodmen Accident & Life, now Assurity) had this rider on their WL policies. The max conversation was $25k 6 times in the childs adult life, creating future insurability for a child! Loved those riders.
My guess is that whatever she had didn’t manifest or show itself until after she was 10 days old. They probably found out something was wrong after a few months where she failed to thrive.