10 Minute Lesson in Life Insurance
In this episode, Jim Oliver and Nick Kosko discuss:
Who sets the minimum and maximum premiums of life insurance.
The transfer of risk in life insurance.
Qualified plans postpone the tax calculation, and what history tells us about possible future taxation.
Term policies versus permanent.
There are flaws in the way life insurance is taught, because they focus on cost not opportunity.
There is nearly an infinite amount of premiums that can be charged between the minimum and the maximum.
To retire is to be taken out of service – we want to continue to live with purpose even when not working 40 hours per week.
For Infinite Banking, we designed the premium to get as close as the MEC line as possible without going over, making your banking policy as efficient long-term as possible.
“Remember, if you minimally fund a policy, then you get minimum levels of benefits.” — Jim Oliver
Show notes by Podcastologist: Chelsea Taylor-Sturkie
Audio production by Turnkey Podcast Productions. You’re the expert. Your podcast will prove it.