Summary:
In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about the differences between Stock and Mutual Insurance Companies. In just 15 minutes you will have a better understanding of where you should invest your money for life insurance.
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:
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Free ebook and audiobook: Financial Planning Has Failed
Show Notes:
00:00 Intro
01:20 Should you go with a Stock company or a Mutual Company?
01:35 Kim defines these terms
03:23 Only 19% of life insurance companies are mutual
03:42 75% are stock companies, who pay stock holders first
04:03 6% of life insurances companies are fraternal.
05:35 Explaining dividends.
07:44 Cash value can never go down- aspect of choosing mutual
13:39 Most mutual companies are over 100 years old.
14:31 Mutual reserves are dollar for dollar
14:45 Listener gift: Financial Planning Has Failed
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.