Episode 339: How Bank on Yourself® Solves the Four Greatest Dangers to Your Retirement

Not Your Average Financial Podcast™

In this episode, we ask:

• Who do you know who needs to hear this?
• Would you like a free book?
• What are the four greatest dangers to your retirement?
• Did you hear Episode 338?
• How does the Bank on Yourself® type whole life insurance policy solve these dangers?
• What does Pamela Yellen do to protect the intellectual property and quality of the Bank on Yourself® brand?
• Are you getting a correctly and properly designed dividend paying whole life insurance policy?
• Did you buy an incorrectly designed policy? Would you to book a meeting with us to get a second set of eyes on that policy?
• Are you working with a Bank on Yourself® Professional?
• Would you like to hear Episode 160?
• What about predictable guaranteed growth, liquidity and tax advantages?
• When do you need money most?
• Where does the guarantee come from?
• What about dividends?
• How long have our companies been paying dividends?
• What is the minimum amount of saving you will have on the day you plan to retire?
• Who audits the life insurance companies?
• How rare is it for insurance companies to go bankrupt?
• Who backs the insurance companies?
• Are banks a safe place to keep money?
• How many banks failed in 2008?
• What happened to the deposits of those banks?
• Who bailed them out?
• Pop quiz?
• How many life insurance companies failed in 2008?
• What happened to Lincoln Memorial Life Insurance?
• What was the result for the policy holders?
• What is Bank Owned Life Insurance?
• What did an FDIC report show about bank’s life insurance holdings?
• How much cash value is on the balance sheet of these banks?
• What are banks doing with their money?
• What about fees and cost surprises?
• What happens in a traditional retirement account with fees of 1%?
• How much is paid to life insurance agent as commission?
• Which one costs more?
• Which one goes on forever?
• Which one has a stop loss?
• Who gets guarantees?
• Why would Bank on Yourself® Professionals take reduced pay?
• How much of your cash value can you access?
• What are the RMDs on whole life insurance?
• Who is in complete control of the money in a life insurance policy?
• What do you finance?
• Who pays interest?
• Who earns interest?
• What about assets under management (AUM)?
• What about all of the dollars you pay in expenses throughout your life?
• What is the required repayment scheduled on life insurance cash value loan balances?
• Can your money do two things at once?
• What is compounding and growing?
• Who offers these unique products?
• What about self financing?
• Are you constantly interrupting the growth of your money because you need to buy stuff?
• Is there a better way?
• What are some famous examples of successful business owners?
• What happened following the 1929 stock market crash?
• Does having money safe, liquid, growing at a competitive rate without market risk, take away any of your options?
• Doesn’t it give you more options?
• What are the multiple tax advantages?
• Do you know what your tax bill will be?
• What about the tax on social security?
• Is income taken from your policy taxable?
• What about medicare premium?
• What about business owners financing business expenses?
• What about the death benefit?
• What do you want your money doing for you?
• Does your strategy give you guaranteed growth?
• Does your strategy lock in your principal in growth?
• Does your strategy give you control over your money?
• Does your strategy let you use your money without penalty?
• Does your strategy give you a tax free retirement income?
• What gives you more freedom?
• What about Roth accounts?
• What about life insurance policies?
• Does your strategy let you access your money without liquidating your cash?
• What are the restrictions on 401(k) loans?
• What hardship happens if you lose your job?
• What is truly unique in the financial universe?
• Would you like to hear more in Episode 205 and Episode 206?
• Does your strategy finish funding yourself if you die prematurely?
• Does your strategy let you know the minimum guaranteed value of your savings?
• Does your strategy give you a plan where you can count on it?
• What works to your advantage in every single instance here?
• What do you want your money doing for you?
• How about some case studies?
• What makes sense in your situation?
• Why work with Mark Willis, CFP®?
• What is key to making sure your policy is designed properly?
• Do they have the right credential?
• Would you like some personalized reports?
• Would you like to schedule a meeting?