Many people don’t understand how much they need life insurance. Many people are pitifully under insured while some don’t have any insurance at all! Forget about the many living benefits life insurance can provide, the death benefit of a life insurance policy can make all the difference in the world to the ones left behind when someone passes. In this episode, find out how much you need life insurance, not for yourself, for the ones you love.
Would you use your cash value to become a pilot? Start a business? Buy a vacation home? What would you do if your home was flooded? Or if someone drove through your front window? Or if you lost your income and couldn’t make the car payment? In this episode, find out how our clients use their cash value to take advantage of opportunities, or face financial difficulties.
Some people only have life insurance to provide a death benefit. Many of them never realize life insurance can provide benefits while they are still living. This is sad because using the life benefits of a policy could make their life so much better and more enjoyable, while still providing a death benefit for their loved ones when they pass. In this episode, you will discover the life benefits of life insurance, and how to use them. Resources: Time Value of Money - Policy Loan Financing Example...
Just because marketing doesn’t discuss the dangers of a product doesn’t mean there are none. The strong, tough Marlboro man advertisements certainly didn’t portray the sufferings many smokers experience in later years, but this does not mean smokers who exclusively smoke Marlboro products will escape these sufferings. Some life insurance products have hidden dangers too. Hear more about the dangers of indexed universal life insurance today on Wealth Talks.
Many people aren’t aware they can get a higher social security payment in retirement. Depending how you file, you may be able to increase your social security benefits by 8% a year (up to 32%/year overall) when you delay taking benefits beyond full retirement age. But as they say, the devil is in the details. Does filing this way make good financial sense? What are some ways you can start preparing now to be able to maximize your social security benefits when you get to your golden years? Find o...
Does steak actually cost more when it goes on sale? When you save money are you actually losing it? What does time value of money mean anyway? Today on Wealth Talks, Tom, Michele and John are in the studio to talk about the time value of money and how it works.
Overpaying taxes is often seen as a smart strategy. Not only does it keep you out of trouble with the IRS, it’s also a nice surprise to get the refund check in the mail. But overpaying taxes may hurt you financially because of lost opportunity. Find out why on Wealth Talks.
IUL has been the shiny yet dangerous toy in the insurance world for some time. Having enjoyed a period of wild popularity, IUL is starting to come under attack. Although many have spoken out against IUL including Forbes and the Center for Economic Justice , insurance companies are still pushing IUL hard. Why? Find out on the latest episode of Wealth Talks!
Elaborate plans and complex formulas sound grand and can even make great sense. But simple is usually easier and if it’s easy, it tends to get done. In this episode you will learn about the 10-20-70 rule, one of the simplest and best financial formula we’ve ever found. Listen Now! Resources: Life Benefits Store
Many people set new goals for the new year, but sadly, many people will never make those goals because of poor planning, or even worse, no plan at all. Do you have a good financial plan? This is an episode you will probably find useful as you make plans for 2023. You’ll also hear about the trouble we ran into on the hunt in late October. Resources: Life Benefits Store
Researchers estimate raising a child will cost you 225,000 dollars! This cost does not include any private education, or a college degree... perhaps it isn’t surprising that Americans are having less children. But does raising a child really cost $225,000? Tom and Michele McFie have raised 8 children and they don’t agree with this research. Listen to the episode now.
It is a strange fact that those in power will often destroy the people who put them into power. A recent example is the EAGLE act which will likely destroy the jobs and opportunities of many who voted for the current administration. Strange. Sadly, we see the same sort of sabotage happening in other areas of life too, even coming from executives undermining the confidence of their customers. But when you know what to look for, it becomes easier to avoid the bad options and choose good products w...
401Ks, ESGs, Pensions plans, and Life Insurance are all things you probably know of, but there are some unpleasant surprises associated with many of them which you need to be aware of. Listen now to find out about these surprises and how to protect yourself against them, and also a shocking study about America’s financial literacy.
Many Americans wake up in a bad mood. Researchers estimate the average American will wake up in a bad mood 300 days every year. How terrible! What could be causing this? Today on Wealth Talks, Tom and John discuss something they see behind American’s bad moods. Resources: Understanding the Infinite Banking Concept - PDF , Winning Your Financial Game – Book and Study Guide...
Skyscrapers, bridges, and nations are all built on foundations. A good foundation will last for many years but, if not maintained, it will eventually crumble. Today, Tom and Michele McFie discuss America’s foundation, it’s dangerous condition and our duty to maintain it.
It’s more fun to talk about a bomb exploding in the middle east than a local road the city plans to build through a quiet neighborhood. Why? Because sensationalism sells! Just because sensationalism is being sold doesn’t mean we should buy it. Today on Wealth Talks, Tom and John discuss the perils of buying sensationalism. Resource: Wealth Seminar Recording
There are many false teachings about life insurance. Some attempt to portray life insurance as a terrible product, while others attempt to make it magical. Sadly, many false teachings seem logical, which makes them even more dangerous. Today on Wealth Talks, Tom and John discuss some of the false teachings about life insurance (you’ve probably heard of them). Resource: Wealth Seminar Recording , Dividends Explained with Dan Foley...
Should you buy Term Insurance? Whole life? Universal life? Which is the cheapest? What type is the best? Should you buy insurance as soon as possible? Or wait until you’re older? Should you own different types of life insurance at different points in your life? Find out on Wealth Talks! Resource: Wealth Seminar Recording
As a nation we are in bad shape. Inflation is climbing, environmental “concerns” threaten our staggering economy and global elites seem to be planning the overthrow of the middle class. Is there anything we can do to fight back? Or is this the end of the line? On today’s episode, learn what you can do to fight back! Resources: Wealth Seminar Recording
Each year several banks go broke, but, comparatively, few life insurance companies become insolvent. Today on Wealth Talks, Tom and John look at the way life insurance companies are structured to provide such stability. But wait! What about AIG? In this episode you will discover what went wrong at AIG and what ultimately happened to the policy holders. Resources: Wealth Seminar Recording...
Federal pension plans have been in disarray for some time, but now, state pension plans are running into trouble as well... 8 trillion dollars of trouble. Only two states are left in America with adequately funded pension plans, and the economic decline may be affecting these soon. What do Tom and John think about this? Find out on Wealth Talks. Resources: Wealth Seminar Recording
Inflation punishes people for saving by stealing the value out of their money. With inflation this bad, many people are saving less, have stopped saving or are even spending their savings. Some of this is doubtless due to rising prices, but it is hard to save when your being punished for it. Is it still a good idea to save? Find out what Tom and John think on Wealth Talks. Resources: Wealth Seminar Recording : https://www.life-benefits.com/store/...
Many people buy fire insurance but never have a fire. Many people buy car insurance and never get in an accident. Many people have medical insurance they don’t use. But today, on Wealth Talks, John and Michele discuss one type of insurance everyone will use at some time. Listen on Wealth Talks.
Fear and greed are called the two big motivators in this world, but they won’t help you build a strong and sustainable financial future. Today on Wealth Talks, Tom and John discuss the mindset you need to have to build a successful financial future. Listen Now!
Socialism is supposed to be where everyone shares with other people. The needy are taken care of by those who have an abundance, everything is fair, equal, just, and the sun sets in a golden glow over the ocean every night. Sounds nice! Socialism has been tried many times, and it hasn’t worked. But could it? Listen now on Wealth Talks. Resources: Livestream and in-person registration; https://www.life-benefits.com/wealth-seminar/?inf_contact_key=6d62f9b9e07dd9e55b77ab13cf56715d680f8914173f9191b1...
Sticks and stones may break my bones, but words can never hurt me . Today on Wealth Talks, Tom and John discuss this age-old children’s rhyme, and how it is still very relevant even in the “grown-up” world. Also, there is something happening in Las Vegas you should probably know about. Listen now! Resources: Register here : https://www.life-benefits.com/wealth-seminar/ *Livestream* option can be selected in the checkout process....
Turns out, winning is easy... if you keep changing the goal posts! Our government is reeling the goal posts in with an electric winch in overdrive! Gas prices have risen 117% in 18 months, but the “official” percentage is only 46%. Our economy isn’t in recession... but only because they changed the definition of “recession”. Today Tom and John are back in the studio to unpack everything. You don’t want to miss this episode. Resources: Click here: https://www.life-benefits.com/wealth-seminar/?utm...
Getting rich is something a lot of people want to do. But there are startling consequences along the way which many people overlook. Have you considered the consequences of getting rich? Tom and John are back on Wealth Talks discussing some of the startling dangers on the way to riches. Resources: Click here to register for the Wealth Seminar (if you are unable to purchase tickets, the seminar is already full). https://www.life-benefits.com/wealth-seminar/?utm_source=wealthtalks&utm_medium=p...
Getting rich quick is simple. All you do is bet big and never lose at poker. Simple, straightforward, and statistically impossible. Simple doesn’t mean easy. There are numerous such half-baked plans and schemes for getting rich quick, some people even believe life insurance is the method with which one can get rich quick. We love life insurance, but it’s not a get rich quick formula. Today on Wealth Talks, Tom and John discuss what life insurance can do for you. Resources: Fri-Sat Wealth Seminar...
Ice cream containers are getting smaller, and the price is rising. Is this inflation? It's now called shrinkflation! No matter what cutesy name inflation may masquerade under, it’s still inflation and can hurt you financially. Today Tom and John discuss inflation, how we can appoint better politicians, and something happening in September (you are invited). Resources: Fri-Sat Wealth Seminar in Las Vegas: https://www.life-benefits.com/wealth-seminar/?utm_source=wealthtalks&utm_medium=podcast&...
