#selfbanking #lifeinsurance #investing Using equity and cash value from life insurance to build wealth | Estate Professionals Mastermind Podcast episode 100
Can you create a permanent life insurance plan that creates equity and cash value? YES
IN THIS EPISODE: Choosing the right plan, at the right amount, at the right time.
You’ll Learn:
🔵Do you really need life insurance?
🔵When is the best time to get life insurance?
🔵When should I buy term life vs. whole life insurance?
🔵What are some reasons NOT to buy life insurance?
🔵How to use life insurance while alive
🔵Best life insurance to build wealth
🔵How the rich use life insurance
🔵How to use life insurance cash value to buy a house
🔵Can you use life insurance as a bank for real estate investing at scale?
🕛🕛Timestamp Navigation 🕛🕛
0:00 What role does insurance play in wealth?
4:20 What age should you get life insurance?
9:08 What type of life insurance should I start with?
14:11 What insurance benefit amount should you choose?
22:43 Is term life convertible to permanent life insurance?
25:59 How to access the cash value of your permanent life policy
29:31 Building wealth with life insurance
Tip: Using life insurance to build wealth reddit tips often pop up in r/financialplanning:
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🕛🕛Timestamp Navigation 🕛🕛
0:00 What role does insurance play in wealth?
4:20 What age should you get life insurance?
9:08 What type of life insurance should I start with?
14:11 What insurance benefit amount should you choose?
22:43 Is term life convertible to permanent life insurance?
25:59 How to access the cash value of your permanent life policy
29:31 Building wealth with life insurance
Would this be a vehicle to move a lump of my retirement money into to get a jump start on financing the insurance? And I understand that my adult children can inherit this insurance and carry it forward, is this true?
When he speaks of borrowing against our life insurance, is he referring to an Indexed Universal Life Policy (IUL)? AND, would you say it makes sense for someone in their 60s to start one of these or is it better suited for younger persons that have time to build the value in the insurance?
I had a great time getting this episode ready. I learned so much!!! Hope everyone gets something from it <3