Today on The Wealth Secrets Podcast, Sean Adams hosts Steve Parisi, president of IBC Global, an insurance policy company that focuses on infinite banking concepts and cash value life insurance. They discuss why life insurance is an asset, the cash value concept, the liquidity of life insurance policies, and how companies use life insurance as an employee retainer.

[01:13] Getting to Know Steve Parisi

[05:44] Life Insurance as an asset and not a Liability

[08:31] Why Cash Value Life Insurance Continues to be Ignored

[12:54] Tax-Free Life Insurance

[17:48] Cash Value Life Insurance Policies and the Stock Market

[21:45] Liquidity of Life Insurance Policies

[31:50] Life Insurance as an Employee Retainment Strategy

[43:20] Perfect Candidates Life Insurance Policies

[46:24] Notable Drawbacks

[54:04] The Bonus Section

Life Insurance as an Asset and not a Liability

The first thing that comes to mind when people hear about life insurance is expenses, liabilities, and sometimes death. The interesting part, however, is when corporates and the ultra-rich position millions of dollars into the cash value component of insurance policies. Which makes us wonder, what is it that they know and we don't? Well, they focus on maximizing cash values by making their products extremely flexible and are not committed to premiums permanently. 

Life Insurance as an Employee Retainer

Other than hiring the right staff, retaining your best employee is what ultimately sets you up for success. While there might be several things that keep an employee loyal to your company, a life insurance package will surely help swing the pendulum in your favor. Furthermore, suppose an employee decides that a life insurance policy is still not worth the stay, depending on how you custom your package, you can still transfer the policy to another of your employees.

Main Drawbacks of Life Insurance Policies

In essence, there are no notable drawbacks of having life insurance other than the initial cash value hit. Since you're buying a life insurance policy, your money will reduce to 80 to 95% in the early years. Although the money will eventually recover as the years go by, some people are still not comfortable with this aspect of the package.

Links and Resources

Steve Parisi’s LinkedIn

Steve Parisi’s Website

The 10X Rule by Grant Cardone

Connect With Sean:

Facebook: https://www.facebook.com/profile.php?id=100060279543976

LinkedIn: https://www.linkedin.com/in/leveraged-life/

Instagram: https://www.instagram.com/sean_adams103/

Youtube: https://www.youtube.com/channel/UC0i91Q-fFy70LkaFxvfnGpg

For more videos and resources, visit leveraged-life.com. Do you have questions and feedback? Get in touch with Sean Adams through his email: [email protected].

All shared information from the Wealth Secrets Podcast should not be taken as legal or financial advice. Please consult with a professional before making any decisions.