Case Study – Couple Earning $45k Each a Year – Episode 166

Summary:

Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel go through a case study involving a married couple where each is making $45,000 and the wife has a whole life insurance policy from her parents.

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:

Get the free ebook and audiobook – Financial Planning has FAILED

Submit your questions welcome@ProsperityThinkers.com

Truth Concepts Calculators – http://truthconcepts.com

 

Show Notes:

00:00 Introduction

00:28 Today’s’ topic: Case Study – Couple Earning $45k Each a Year with a Life Insurance Policy

02:28 Should she continue paying on a whole life policy?

03:34 Understanding what your real debt and payment terms are

05:33 Getting an inforce illustration from the policy

06:52 Why you can’t compare cash value life insurance to the stock market

08:30 What is the death benefit?

09:30 Understanding the funding calculator

10:44 Explaining inforce illustration

11:58 Busting the Life Insurance Lies table G has a picture of the calculator

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