Are you considering using your whole life insurance policy as a source of retirement income?

While ledgers and assumptions made by agents can be misleading, the process of distributing money from a whole life policy is not as complicated as it may seem.

In this episode, we'll dive into the practical aspects of using your whole life policy for retirement and help you navigate the potential stumbling blocks.

First, let's talk about the assumptions that agents often make when presenting ledgers.

They may assume a constant income stream, a fixed loan rate, and a known dividend scale. However, in reality, these factors are likely to change over time.

To ensure the sustainability of your retirement income, you must maintain a reasonable distribution rate. Typically, this is around 5% of the cash value when income begins.

Beware of ledgers that show results exceeding this withdrawal rate, as they may be based on overly optimistic assumptions.

The process of taking money from your whole life policy is relatively straightforward.

You can make periodic requests or set up an automatic EFT distribution through your insurance company.

In some cases, leaving the money in the policy until you need it and making periodic withdrawals can be more beneficial than taking a large lump sum at the beginning of the year.

If you choose to take distributions through loans, you'll need to monitor your loan balance. Also, be aware that loan interest accumulates and is added to the policy at the end of each year.

But what if you have an old whole life policy that wasn't purchased specifically for cash value? Can you still use it for retirement income?

The answer is yes, but the withdrawal figures may differ, and you might need to work with an agent to determine the appropriate withdrawal rate. If you've lost touch with your original agent, be prepared to pay out of pocket for assistance from a new agent.

In this episode, we'll guide you through the practical aspects of using your whole life policy for retirement, helping you make informed decisions and avoid common pitfalls.

Tune in to learn more about how to unlock the potential of your whole life policy and secure your financial future.

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If you'd like to explore what a whole life policy could do for you and potentially provide a source of retirement income, please click here to get in touch with us. We help people from all over the country do this every day.

What's old is new again. The U.S. Department of Labor has revived its "Fiduciary" Rule after 7 years. This rule was originally discussed and proposed in 2015-2016. However, it was tabled after Trump was elected, and the DOL dropped it.

The new rule is no less confusing than the original. Perhaps even more so.

In today's episode we discuss some of the details as we understand them. More importantly, we opine about the absurdity of making rules to enforce ethical behavior. It just doesn't work and it never has.

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If you'd like for us to help you find the right cash value life insurance solution, or you're in a transitional period from your working years to retirement, please click here to contact us. We love helping listeners and even more when they become our clients.

We started talking about whole life insurance on the internet way back in 2012. At the time, the popular sentiment among the ever-growing cadre of financial bloggers was to attach all types of cash value life insurance--including whole life insurance.

It was as if they had ripped a page out of Dave Ramsey's playbook, and their arguments were as thin as a communion wafer. The incentive was clear. The bloggers were incentivized by advertisers that were largely in the "buy index funds and ETFs" because they always outperform cash value life insurance.

We've never argued against the "outperformance" argument. However, that argument is incomplete and reduces everything to a rate of return. In our opinion, it's a lazy perspective and ignores the deeper and multi-faceted reasons why someone would choose to own whole life insurance.

Our bigger point today is that you would have thought that all these bloggers would have impacted cash value life insurance sales/policy growth over the last 10+ years. But we're sharing some data in this episode that contradicts that directly.

Listen to hear the details.
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If you think that owning cash value life insurance might be a viable option for yourself, please click right here to talk with us. We help clients all over the U.S. every day get their own policy set up.

Are you curious about the actual performance of an Indexed Universal Life (IUL) policy? In this episode, we dive into the details of an IUL policy put in force 9 years ago and address the common arguments against IUL. You'll learn about the static interest rate assumptions used in IUL illustrations, the concerns about cap rates, and how this policy has performed over time.

Despite the assumption of a 6.3% static index credit at inception and the cap rate falling from 12% to as low as 7.5%, the policy has exceeded its original projection of $183,119, with an actual cash value balance of $198,960 to date. We'll discuss the average applicable cap rate for the life of the policy, the average index credit since inception, and the frequency of the index capping out.

You'll also discover the guaranteed bonus the policy will receive starting after the next policy year and how it compares to the performance of whole life policies issued simultaneously. We'll explore the potential for the policy to continue outperforming its original projections and the options available to the policyholder now that the policy is nearly out of surrender.

Tune in to learn more about the actual performance of an IUL policy and gain valuable insights into this often-debated topic.

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If any of this sounds interesting and you're curious about how a policy like this might work for you, please click right here to get in touch with us. We welcome the opportunity to have a brief chat.

As long as we've been around in the life insurance business, we've seen scams. Some are subtlle and some not so much. The one we are discussing today is new (as far as we know) and represents the worst kind...the one that solely seeks to enrich the agents promoting it.
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If you'd like to work with agents who will not take advantage of you or pitch you on some "pie in the sky" silliness, please click here to get in touch with us.

If you're tired of watching your hard-earned money disappear into the pockets of investment managers, this episode is a must-listen. You'll learn how many retirees unknowingly pay exorbitant fees for low-volatility investment strategies, particularly those heavily weighted toward fixed income.

But what if there was a smarter, more secure alternative?

Enter annuities: the unsung heroes of retirement income planning. Throughout this episode, you'll explore how annuities can provide a stable, less volatile foundation for your portfolio, all while offering guaranteed income benefits that last a lifetime.

The best part?

Annuities often come with no fees or remarkably low fees, allowing you to keep more of your money working for you. Join us as we demystify the world of annuities and show you how to eliminate unnecessary investment fees, ensuring a more prosperous and worry-free retirement. Don't miss this opportunity to take control of your financial future and make every penny count.

It's time to get real about this crazy idea of mixing life insurance with bitcoin. In this no-holds-barred podcast episode, "Life Insurance is Better With Bitcoin," we'll pull back the curtain and show you why this scheme is about as secure as a sandcastle in a tsunami.

Picture this: you've got an insurance company operating out of Bermuda, a place known for its relaxed attitude towards rules and regulations. It's like having a lifeguard who's more interested in working on their tan than watching the water if you catch my drift.

Now, throw Bitcoin into the mix, and you've got a recipe for a financial rollercoaster ride that'll make your head spin. One minute, your life insurance policy is soaring high, and the next, it's plummeting faster than a lead balloon. Talk about a wild ride!

Throughout this episode, we'll dive deep into the risks and reveal why hitching your financial wagon to a company that's cozy with Bitcoin is about as smart as using a cactus as a pillow. We'll give you the straight talk, the unfiltered truth, and the knowledge you need to steer clear of this disaster waiting to happen.

So, grab a seat, buckle up, and join us as we expose the underbelly of Bitcoin-backed life insurance policies. Trust me, you won't want to miss this eye-opening adventure that could save you from a world of financial heartache. Tune in now and get ready to have your mind blown

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As always, if you'd like to explore what cash value life insurance can do for you please click right here to get in touch with us.

In this eye-opening episode, you'll discover how cash value life insurance (whole life or indexed universal life) has proven to be a reliable and effective long-term financial strategy. With over a decade of experience and hundreds of satisfied clients, we share our insights on this approach's success.

Join us as we delve into the reasons behind our confidence in cash value life insurance and why our clients continue to benefit from it. We'll discuss these policies' stability and growth potential and how they've consistently delivered on their promises.

Throughout our 12 years working together, we've maintained a strict policy of only engaging with clients who actively seek our expertise. This has allowed us to focus on providing personalized, high-quality service to individuals who value our guidance.

With a track record of success and a growing roster of content clients, we're proud to say that cash value life insurance has lived up to its expectations. Tune in to learn more about how this powerful financial tool can help you secure your future and achieve your long-term goals.
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If you'd like to work with us to explore specific policy options, please click right here to get in touch.