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In this episode, we ask:
- Do you have giant piles of cash?
- What are the six circumstances?
- Did you listen to Part 1, Episode 92?
- What is the answer to last episodes cliffhanger, the third unique way?
- What is a single premium policy that allows you to add more money after the initial premium?
- What if you’re dealing with a one time lump sum?
- What do traditionally designed single premium whole life insurance policies allow?
- What is a hybrid example?
- How are Bank on Yourself authorized advisors influencing the insurance industry?
- What did the insurance companies ask?
- What happened?
- What are the situations where using a Bank on Yourself policy for a lump sum makes sense?
- Are you interested in a capital fund for real estate or business?
- Do you need a holding place for future lump sums?
- Do you have a need to pay for college?
- What is a combo rider and how does it work?
- What does a combo rider do?
- Would you like the flexibility to put in a lump sum at irregular intervals?
- What is the house analogy?
- What is ART or Annual Renewable Term?
- What is an ART rider?
- How does the combo rider behave like universal life (UL)?
- How is the risk much lower with a combo rider vs. a risky UL?
- How can you get rid of the term rider within a combo rider?
- What happens when you move the term rider into permanent insurance?
- What happens when you know you won’t be getting additional windfalls? Can you drop the combo rider?
- How can you move money into a policy right away?
- How can you plan for expected windfalls?
- How is this policy like a gas tank in a car?
- How can you lock in your insurability?
- How might you create a space to pour in cash?
- How might you fund a college education without depleting or jeopardizing retirement funds?
- What are the common vehicles for college funding?
- Have you heard Episode 27?
- What happens when you lock money into a qualified 529 plan?
- How are Bank on Yourself type policies more flexible than a 529 plan?
- What are some cool motivational incentives to get your kids to apply for a full ride?
- What are all of the advantages?
- Why does the government penalize parents that have saved for retirement and college?
- Why does the government want you to be as poor as possible on paper to qualify for college funding advantages?
- What can permanently give you an income that you can’t outlive?
- What is the takeaway?
- Are you working with an advisor who understands the nuances of these strategies?
