Not Your Average Financial Podcast™

Episode 143: The Genius of Flexibility… with Marty Smith

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In this episode, we ask:

  • Can you imagine?
  • Can you see the raw material?
  • Who is Marty Smith?
  • Who is Security Mutual Life?
  • What is unique about the combo rider?
  • What about the 7 pay test?
  • What about the modified endowment contract (MEC) limit?
  • What is an all base premium?
  • How is it determined?
  • What about dividends?
  • What happens in a Bank on Yourself® type whole life insurance policy?
  • What happens when you add additional premium?
  • What about paid up additions?
  • How can you finance something right away?
  • What is the beauty of riders?
  • What about business owners?
  • What about real estate investors?
  • What about unexpected windfalls?
  • What is so special about the combo rider?
  • What about term insurance?
  • What about paid up additions?
  • What happens to the total amount you can put into a policy?
  • How do riders augment a policy?
  • How might we lift up the death benefit?
  • How does an agent keep the policy non-MEC?
  • How much premium flexibility do you want?
  • Do you need premium flexibility?
  • How much premium do you want to pay into the contract?
  • Is it better to keep cash in a bank account?
  • When do I want to pay those premiums?
  • What about Nelson Nash’s exercise in imagination?
  • What does the combo rider allow?
  • How is this different from past policies?
  • How does the combo rider create new avenues within the typical restrictions of whole life insurance?
  • How does it work so beautifully?
  • What do business owners need to conduct business?
  • How flexible can this be?
  • What’s the limitation?
  • Are there complications?
  • What about converting to permanent insurance?
  • What about increasing the death benefit?
  • What are the proportions?
  • Would it be possible to put in 10x?
  • What is the ultimate limit of the combo rider?
  • How is this like building additions onto a house?
  • How is this like a car?
  • How might we go from the potential to the actual?
  • Does this policy grow on a guaranteed basis?
  • What about expecting an inheritance?
  • What about going on an extravagant trip?
  • Who could benefit?
  • What’s a wonderful thing about the life insurance industry?
  • Where are the two best places to start?
  • Have you read Pamela Yellen’s book, The Bank on Yourself® Revolution? Talk to Mark for a free copy of this book
  • Have you read Nelson Nash’s Becoming Your Own Banker?
  • What three things does the combo rider help to solve?
  • If you couldn’t leave your family money, but only 1-2 ideas or principles to achieve fulfillment and success, what would they be? (Leave us a message! Due on or before June 7th, 2020) www.speakpipe.com/nyafp

    • The following is for example purposes only. Please schedule a meeting to see your own numbers, unique to your situation.

    Marty Smith is Regional Vice President of Security Mutual Life Insurance Company of New York. 

    He loves the Infinite Banking and Bank on Yourself Concepts, Circle of Wealth, and Wealth & Wisdom. 

    He believes that “dividend-paying, cash-value whole life insurance” is the greatest financial product that’s ever been created.

     

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