Podcast: Play in new window | Download

Subscribe: Apple Podcasts | Android | RSS

In this episode, we ask:

• What are the biases with insurance?
• What misunderstandings exist?
• What’s the truth?
• Why does anyone have a bias against anything?
• Where do we hear information?
• Is this information in line with reality?
• What about my family member’s experience?
• How many mutual funds are out there?
• Why do people have completely different experiences with the same vehicle?
• How can life insurance help you while you’re alive?
• How is a whole life insurance policy more than just a death benefit?
• Why is old fashioned whole life a terrible place to save money?
• Is a model T car a terrible way to drive across the country?
• Is an airplane an effective way to get to the grocery store?
• Is this an investment?
• Should insurance compete with a mutual fund?
• How will you feel when the market crashes to the depths of the ocean?
• When do you want your money growing the fastest?
• When do you want your money in a competitive position?
• Why is whole life insurance so expensive?
• Why is term life insurance so cheap?
• Is term really cheaper?
• What’s a better deal?
• When would you want to buy term?
• Why is term insurance designed to become too expensive?
• Have you seen your term premium quadruple yet?
• What do you have to show for a dropped term policy?
• Do you want to buy term?
• How are the benefits in whole life stronger than term?
• What guarantees do you have with whole life insurance?
• What guarantees do you have with term life insurance?
• How many term policies actually ever pay a claim?
• What’s the difference between buying a house and renting?
• Which one will provide the greatest value to you and your value?
• How is this unlike most whole life insurance that most people have heard about?
• How much of a pay cut do advisors take?
• How quickly can you use the cash value?
• What are the benefits?
• Would you like tax free access to cash?
• Would you like guaranteed growth every year?
• Would you like the ability to leave your family more than you could ever save?
• Do you need to finance a big purchase?
• Why aren’t insurance companies letting everyone know about this?
• Why are there entire cable channels dedicated to Wall Street?
• Why aren’t we hearing a whole lot about this?
• Where did the term buy term and invest the difference come from?
• How are high net worth clients and leaders allocating their assets?
• What’s too good to be true?
• Is whole life premium payments only for the affluent?
• What if someone can’t afford the premium?
• What about getting “locked” into a premium payment?
• What happens if I miss a premium payment on a whole life insurance policy?
• What flexibility exists?
• Who decides how much goes into premium?
• What happens if I lose my income temporarily?
• Is life insurance a safe place to put money?
• Is a life insurance policy safer than the banks?
• Are life insurance companies FDIC insured?
• What is FDIC insurance?
• What safeguards are on the insurance companies?
• What third parties are involved?
• What happens if a life insurance company goes down?
• What about AIG in 2008?
• What happened to the life insurance subsidiary of AIG?
• Does the FDIC have enough money to cover all of the nation’s banks?
• What percentage of our money is backed up by FDIC?
• In 2008, how much did the FDIC ask for in bailout money?
• Who pays for the bailout?
• If the FDIC raises limits to 1 million, what happens?
• Are banks legally required to keep safe assets?
• How much life insurance do the banks have to purchase themselves?
• What is BOLI?
• What did Nelson Nash say?
• What happens when you change the way you see things?