Summary:
In this episode your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about getting all the profits from a mutual life insurance company and the differences between a mutual life insurance company and a traditional stock company.
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 hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
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Show Notes:
00:00 Introduction
00:30 Today’s topic: How Can There Be More Than All?
00:44 Getting all of the profits from a company you are working with
02:20 Todd explains how you get all the profits from a mutual life insurance company
03:44 The difference between a mutual life insurance company and a bank
04:22 Dividends are paid to policyholders
06:32 Why life insurance companies continuously pay dividends even when other institutions fail
09:11 How long can life insurance companies stay in business under their current model?
10:34 As a business owner do you want to be involved in something for the short run or long run?
11:42 Comparing a dividend payment from a mutual life insurance company from a regular stock company
14:34 Index policies have caps and expenses and they’re not something for nothing