The Prosperity Podcast

Today, on the Prosperity Podcast, Kim D.H. Butler and Todd Strobel explain what occurs when whole life insurance policyholders miss a premium payment. They discuss the flexibility built into the insurance industry. Kim breaks down the order to use your money when you’re able to make payments again. Todd looks at the benefits in the self-employment realm. It’s important to have your money accessible when it’s needed - do you have that safety net? Find out on today’s episode.

If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!

Todd Strobel and Kim D.H. Butler explore what people do when they can't (or don't want to) make their life insurance premium payments. On today's episode, Kim dives into the possibility of selling your policy to investors of life settlements vs. just cancelling your policy and taking the cash value.

Kim discusses the benefits and potential drawbacks of selling a policy, and who might be able to sell a policy. Todd chimes in with the type of policyholder that may have the most to gain from selling their death benefit. Finally, they assess how life settlements have increased the flexibility and choices for both investors and policyholders.

If you are "too young" to sell your policy, you'll also want to read this article for more options: "7 Ways to Save a Life Insurance Policy (even when you can't afford the premiums)"

If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!

Show Notes:

[0:00] Prologue

[0:19] Intro

[0:46] Overview – What if You Don't Want or Need Your Policy? What then?

[1:57] Understanding Life Settlements from Policyholder Perspective.

[5:18] Benefit of Selling Your Death Benefit

[6:36] Separating from a Viatical Policy

[7:19] What You Lose if You Sell

[8:45] Making the Most of Your Assets

[11:13] Leveraging Your Death Benefit

[14:06] How Life Settlements Build the Industry

[16:33] The Growth of the Settlement Market

[17:32] Summary

[18:02] Requirements for an Investor

[18:41] Non-correlated Investments

[19:18] Outro

Todd Strobel and Kim D.H. Butler explore what people do when they can’t (or don’t want to) make their life insurance premium payments. On today’s episode, Kim dives into the possibility of selling your policy to investors of life settlements vs. just canceling your policy and taking the cash value.

Tim Wright, of ASR Alternative Investments, joins Todd Strobel on the Prosperity Podcast. They discuss what alternative investments are and their benefits. Tim explains the type of client that would gain the most from life settlements and why they're similar to owning real estate. Finally, the look at the type of returns to expect within a growing market. Can you make your money more prosperable and less of a gamble outside the stock market? Find out on today's episode.

If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!

Show Notes:

[0:00] Prologue

[0:20] Intro

[0:50] What are Alternative Investments and Life Settlements

[3:50] The Ideal Client

[5:04] Comparing Life Settlements to Real Estate

[8:50] Calculating a Rate of Return

[10:52] What to Anticipate as an Investor

[13:20] Explaining Underwriting

[16:21] Whose Market is it?

[18:02] Wrap-Up

[18:37] Your Portfolio Shouldn't be a Gamble

[20:37] Outro

Tim Wright, of ASR Alternative Investments, joins Todd Strobel on the Prosperity Podcast. They discuss what alternative investments are and their benefits. Tim explains the type of client that would gain the most from life settlements and why they’re similar to owning real estate. Finally, the look at the type of returns to expect within a growing market. Can you make your money more prosperable and less of a gamble outside the stock market? Find out on today’s episode.

If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!

"No B.S." Money Guy Todd Strobel and best-selling author Kim D.H. Butler look at what it takes to become a Prosperity Economics Advisor. Todd explores what an advisor does on a day-to-day level. Kim breaks down the steps in becoming an advisor. Finally, they explain the type of person best suited for prosperity economic advising. Have you got what it takes? Find out on today's episode of the Prosperity Podcast.

(By the way, Kim took the "long route" to being a Prosperity Economics Advisor, getting her CFP designation and Series 6 then Series 7 licenses, as well as a Series 63, Series 65 and additional education and experience (such as 4 years as co-trainer of Truth Concepts financial software and a banking background. All of the above have been learning experiences but NOT necessary to get started!)

Not mentioned in the show but also HIGHLY recommended are Truth ConceptsSoftware, Truth Training (some advisors attend about once a year), and The Summit for Prosperity Economics Advisors. If you were going to do ONE thing to jump-start a new venture as a Prosperity Economics Advisor – or even to just seriously explore it – we would say, "Come to The Summit!"

If you would like for us to answer your question on the show be sure to keep sending us questions and reach out to us!

Show Notes:

[0:00] Prologue

[0:19] Intro

[1:07] Overview

[2:33] Life Insurance Licenses

[3:28] Alternative Investments

[4:38] Planning and Processes

[7:02] Five-Step Prosperity Pathway

[9:03] Fiduciary vs. Suitability Standard

[10:35] The Big Picture

[12:50] What is Your Passion Level?

[13:19] The "Secret"

[15:13] Wrap-Up

[15:30] Financial Planning Has Failed

[15:48] Outro

“No B.S.” Money Guy Todd Strobel and best-selling author Kim D.H. Butler look at what it takes to become Prosperity Economic Advisors. They discuss the wide array of licenses available. Todd explores what an advisor does on a day-to-day level. Kim breaks down the steps in becoming an advisor. Finally, they explain the type of person best suited for prosperity economic advising. Have you got what it takes? Find out on today’s episode of the Prosperity Podcast.

If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!

Kim Butler and Todd Strobel respond to a user-question about annuities, analyzing annuities to see what they can and can't do for you. Kim and Todd take a hypothetical annuity through the gamut of our Prosperity Principles. Kim defines the different types of annuities. Todd uses the Prosperity Principles against annuities. Finally, Kim and Todd explain where the apprehension towards annuities comes from and look at what to do with an annuity you already possess. Do you know how to apply the Principles of Prosperity to financial decisions? Find out on today's episode of the Prosperity Podcast.

If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!

Show Notes:

[0:00] Prologue

[0:19] Intro

[0:37] Annuity Clarity

[2:02] Fixed and Variable Annuities

[7:01] Think From a Prosperous Mindset

[8:41] Look From a Macroeconomic POV

[9:39] Life-Only Payout

[12:17] Low Interest Rates

[13:37] Measure Opportunity Cost

[14:45] Where Does the Objection Come From?

[16:45] LIFO

[17:24] Cash Flow

[19:56] Control Your Money

[20:43] Money Should Move Through an Asset

[22:19] Multiply

[23:31] Summary

[24:05] Financial Planning Has Failed

[24:46] What to do With an Annuity

[26:28] Wrap-Up

[27:30] Outro

Kim Butler and Todd Strobel respond to a user-question about annuities. Kim and Todd take a hypothetical annuity through the gamut of our Prosperity Principles. Kim defines the different types of annuities. Todd uses the Prosperity Principles against annuities. Finally, Kim and Todd explain where the apprehension towards annuities comes from and look at what to do with an annuity you already possess. Do you know how to apply the Principles of Prosperity to financial decisions? Find out on today’s episode of the Prosperity Podcast.

If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!

Kim Butler and Todd Strobel dive into financial strategies to best utilize your assets by actually spending down your taxable assets first, and relying on non-taxable assets later in life.

Kim explains three strategies and their upsides. Todd focuses on the benefit of life insurance to maximize the strategies effectiveness. Finally, they discuss resources available through Partners 4 Prosperity that explores these strategies further. Is your financial strategy allowing you to have your cake and eat it too? Find out on today's episode of the Prosperity Podcast.

If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!

Show Notes:

[0:00] Prologue

[0:19] Intro

[0:32] Have Your Cake and Eat it Too Strategy

[4:19] Strategy 1: Pay Down, Spend Down

[5:53] Using the Life Insurance Benefit

[6:55] An Alternate Giving Strategy

[9:56] The Permission Slip

[9:38] Type of Life Insurance to Utilize

[11:02] Strategy 2: Reverse Mortgages

[12:38] Using Other Types of Assets

[13:40] Strategy #3: Charitable Remainder Trust

[15:39] Live Your Life Insurance

[16:38] When is it Too Late?

[17:35] Where to Start – Ask for Permission to Spend Special Report

[19:22] Financial Planning Has Failed

[19:25] Wrap-Up

[21:12] Outro