Not Your Average Financial Podcast™

Episode 173: Am I Too Old for Bank on Yourself®? Part 2

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In this episode, we ask:

  • Did you hear Part 1 in last week’s episode, Episode 172?
  • What about Bank on Yourself® for seniors?
  • What about long term care?
  • Can an 85-year-old get life insurance?
  • What about examples?
  • How do lump sum premiums work?
  • What about riders?
  • What about growth?
  • What about guaranteed values?
  • What about inflation?
  • What is a single premium whole life policy?
  • What about health concerns?
  • What is different about underwriting?
  • What about insuring someone in your family or business?
  • What about ownership of the policy?
  • What questions should you ask?
  • What about retirement?
  • Who do you know that needs to consider this?
  • Has your retirement gone up in value every single year?
  • What about dividends?
  • How strong is the institution where your money is held?
  • What about luck?
  • What about skill?
  • What about growth and principal?
  • What about taxes on gains?
  • Can you spend the money while it’s still growing for you?
  • What about borrowing cash value?
  • What is the path toward uninterrupted compound growth?
  • Do you have a Bank on Yourself® professional to talk with?
  • What is a non-recourse loan?
  • What happens when you die?
  • Is your money liquid?
  • Are you penalized from accessing your money?
  • Is your money trapped?
  • How much can you withdraw?
  • What’s pretty cool?
  • What about retirement income?
  • What about the biggest complaints from seniors?
  • What about penalties?
  • Does your plan address the 500-pound gorilla in the room?
  • What about long term care?
  • What about activities for daily living?
  • What about giving to charity?
  • What about probate court?
  • Would you like to hear some examples?
  • What about the sandwich years?
  • What about required minimum distributions or RMDs?
  • What about a home health care benefit?
  • What about leaving a legacy?
  • Where do seniors tend to keep cash?
  • What is possible and not possible to do?
  • Would you like to call us?
  • Would you like to view Mark’s calendar and book a meeting?

    • ...more
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