Not Your Average Financial Podcast™

Episode 257: The Two-Stage Rocket Strategy


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In this episode, we ask:

  • Have you ever wondered what it’s really like to be on a launch pad?
  • What happens when the engines light?
  • What about accelerating straight up?
  • What about large sums?
  • What about real estate?
  • What about debts?
  • What about a Bank on Yourself® type whole life insurance policy?
  • Will it fit?
  • What would happen if a one million dollar lump sum went into a policy?
  • What happened in the 1970s?
  • What is a MEC or modified endowment contract?
  • What happened in 1988?
  • What is the TAMRA Act?
  • What are the tests?
  • Would you like to listen to Episode 91?
  • Why was the TAMRA Act put into place?
  • What is special about the seven year test (the seven pay test)?
  • Would you like to hear Episode 203?
  • What are the tax implications of a MEC policy?
  • Should you be surprised by a MEC?
  • What do the insurers do on a monthly basis?
  • What about the 60-day grace period?
  • Will policies accidentally turn into a MEC?
  • What are the advantages of MEC policies?
  • Do you understand the power of Bank on Yourself®?
  • Why are most single pay policies classified as MEC policies?
  • Should I do a MEC policy or non-MEC policy?
  • Is this the last windfall?
  • What are the limits to a single premium policy?
  • What about recurring premium policies?
  • Can you get a life insurance policy over age 65?
  • Can you get a life insurance policy over age 85?
  • How might the single premium MEC policies work?
  • Should we avoid MECs at all costs?
  • How much of the cash value in a single premium MEC policy is loanable?
  • What are the advantages of non-MEC policies?
  • How much can you take of the cash value in a non-MEC policy?
  • What is the two-stage rocket strategy?
  • What about doing both a Single Premium MEC policy and a recurring non-MEC policy?
  • What about taxes?
  • How long does it take for single premium policies to break even?
  • How long does it take for recurring premium policies to break event?
  • What are the stages?
  • What happens after taking loans on the cash value?
  • What about taxable events?
  • What about the life insurance death benefit?
  • What is the catch?
  • What about long term planning?
  • How might one buy back debts?
  • What about recurring premium?
  • What about flexibility?
  • What is a paid up additions rider (PUAR)?
  • Would you like to hear Episode 142?
  • What about a case study?
  • What are the tax implications of the different policies?
  • What about the death benefits?
  • What about chronic care, long-term care and/or home health care?
  • Would you like to meet with Mark?
  • Who needs to hear this?
  • Would you like to leave us a review?
  • Would you like a free book? Send us a screenshot to [email protected], and we’ll send you a free book!
  • ...more
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