Main Episode Description

In this essential Episode 77, we navigate the complex world of disability protections, examining the "Disability Waiver of Premium" rider in whole life insurance policies and how it contrasts with an actual disability insurance policy.

But that's not all: we also delve into how disability insurance can complement The Infinite Banking Concept (IBC). Discover how the waiver is like putting insurance on your insurance, meant to keep your "bank" operating, while disability insurance focuses on income replacement. This episode equips you with the knowledge to make informed decisions that align with your IBC journey and fortify your financial plans against life's curveballs.

Combining true disability insurance with a whole life waiver of premium ensures that your financial life can continue to move forward as planned, no matter what happens.

Episode Outline:

00:00:00 - Introduction

00:00:41 - Why is Disability Insurance Important?

00:02:49 - Disability Waiver of Premium vs. Disability Income Insurance

00:05:27 - Basics of the Disability Waiver of Premium Rider

00:09:07 - Duration of Waived Premiums

00:15:52 - Disability Insurance Policies,

00:16:24 - Short Term vs Long Term Disability,

00:17:00 - Buying Individual Policies,

00:18:00 - Calculating Benefits and Elimination Periods,

00:20:45 - Additional Riders