It’s officially episode 100!!!
Thanks for listening this far. We hope you’re getting a lot of value out of this podcast.
Please let me know if you’d like me to do an episode about a specific topic you are interested in. Also, if you’d like to share your story and expertise on our podcast, please send me an email at sarry@finassetprotection.com to learn more about becoming a guest on our podcast.
I’ve been spending the last two weeks trying to think of a topic to talk about on the solo episode, and then it hit me. I should record an episode about Nelson Nash’s book, Becoming Your Own Banker. Some of our clients haven’t read the book, so I decided to do a book review episode where I can discuss some key points of Becoming Your Own Banker since it has a lot to do with the Bank on Yourself Concept, as well as growing wealth from a general financial planning perspective.
This episode talks about:
Who is Nelson Nash? How do you become your own banker? What is arbitrage and how does it work when you leverage your dividend-paying whole life insurance? How do life insurance loans work? Life insurance loans vs. other types of loans? The advantages of borrowing against your dividend whole life insurance policy How can you increase the cash value of your life insurance policy? What are headwinds and tailwinds in business? What is Fractional Reserve Banking? How insurance companies manage a pool of capital? The Law of Large Numbers in the insurance industry and how this helps you mitigate risk What is paid-up insurance? What is a Modified Endowment Contract (MEC)? The tax implications of a whole life insurance, if non-MEC What is self-insurance? How long does it take to build up cash value in a dividend-paying whole-life policy? Can you take out life insurance on someone else?
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https://finassetprotection.com
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**Not intended to be financial advice. Please consult a professional who knows your specific situation.