In this episode, Jim Oliver and Nick Kosco discuss:  

• Becoming Your Own Banker by R. Nelson Nash and how to apply its principles.   
• Actuarial science basics and insurance company’s methods for assessing risk ratings. 
• Why the financial risk of whole life insurance shifts from the policy owner to the insurance company. 
• How to choose your primary needs; finances or death benefit protection. 

  

Key Takeaways:  

• The unilateral contract with the insurance company can be changed at any time, but not by the insurance company, only the policy owner. 
• Financial management behavior changes are often needed, as the best investment is your behavior. 
• Whoever controls the money makes the money, with whole life insurance the policy owner has the control. 

   

"We want to finance everything we buy through a money pool that we own and control that is stable, has these guarantees, and has been designed for our benefit." -  Jim Oliver  

   

Book Link: Becoming Your Own Banker- Nelson Nash  

Free Copy: CreateTailwind.com 

  

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