Questions on Life - Episode 190
Episode description
Summary:
Best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about how to choose a life insurance policy. One thing you’ll learn: assets aren’t everything.
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:
Kim Butler’s book: Busting the Life Insurance Lies
Kim Butler’s book: Live Your Life Insurance
Submit your questions hello@partners4prosperity.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 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