In this episode, Jim Oliver and Nick Kosko discuss:

• Who sets the minimum and maximum premiums of life insurance.
• The transfer of risk in life insurance.
• Qualified plans postpone the tax calculation, and what history tells us about possible future taxation. 
• Term policies versus permanent. 

 

Key Takeaways:

• There are flaws in the way life insurance is taught, because they focus on cost not opportunity.
• There is nearly an infinite amount of premiums that can be charged between the minimum and the maximum.
• To retire is to be taken out of service – we want to continue to live with purpose even when not working 40 hours per week.
• For Infinite Banking, we designed the premium to get as close as the MEC line as possible without going over, making your banking policy as efficient long-term as possible.

 

“Remember, if you minimally fund a policy, then you get minimum levels of benefits." —  Jim Oliver

 

Connect with Nick Kosko:

 

LinkedIn: Nick Kosko

Facebook: Nick Kosko

 

 

Connect with Jim Oliver:

 

Facebook: CreateTailwind & Jim Oliver

Website: CreateTailwind.com

YouTube: createtailwind.com

LinkedIn: Jim Oliver

 

 

Show notes by Podcastologist: Chelsea Taylor-Sturkie

 

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.