Summary:
Best selling author Kim Butler and No B.S. Money Guy Todd Strobel analyze how Single Premium Life Insurance policies may not be the best choice in today’s world.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at welcome@ProsperityThinkers.com and we may answer it in an upcoming episode.
Links in this Episode:
Kim Butler’s book: Live Your Life Insurance
Submit your questions welcome@ProsperityThinkers.com
Show Notes:
00:00 Intro
00:45 Topic: Two investors try to make a decision
01:55 Mutual life insurance companies by law must return 100% of their profits to their owners
05:37 Assets can be irrelevant
06:40 Most important to know: Whether a company is mutual or not, and how long they’ve been in business
08:04 Higher premium equals higher contribution to cash value
09:27 State approved policy design
10:00 Long term, all mutual companies will be the same
11:03 Is there much of a difference on state to state for premiums?
13:17 The three most important things to note
14:21 Does not matter if a company is direct recognition
15:10 Podcast for direct recognition information
15:27 Kim’s books: Busting the Life Insurance Lies, Live Your Life Insurance
17:21 Kim doesn’t just give answers but teaches you to ask the right questions.
Disclosure: Our content is meant for educational purposes only. While it’s our goal to help you learn about building a life of prosperity, we do not intend to provide financial advice. Please consult your financial, tax or legal advisor before making any investment or financial decisions.