Wealth Talks

Poverty has always existed and always will. Despite the "War on Poverty" (the most monetarily expensive war), poverty rates in America have been steadily on the rise.

This should, perhaps, come as no surprise. Jesus Christ told us we would always have the poor among us, but that doesn't mean we have to be one of them.

In today's show, Tom and John discuss poverty and why it has become an obstacle to building sustainable wealth in America.

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Recently we've had a few Indexed Universal Life policy contracts come across our desk for review. As part of our review process, we calculated the cost of insurance in these policies and compared it to the cost of insurance in a Whole Life product of our design.

In today's show, Tom and John look at how these costs match up. While Indexed Universal Life may be the trendiest type of insurance, it leaves a lot to be desired.

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With possible changes to the tax code looming, it is likely life insurance will become an even more important planning tool for people who want to build and sustain generational wealth.

But there is a lot of negativity surrounding life insurance and those who sell it. Public opinion of life insurance salesmen is low, coming in just above that of used car salesmen.

But on today's episode, Tom and John talk about celebrities who have much better opinions of life insurance. Some were even life insurance salesmen! Their names may surprise you!

Joe Biden is on record for stating "Americans will suffer under my administration". Biden's economic policies are threatening to turn out a lot like Jimmy Carter's did in the 1970s. The good news is we can try to prepare for the future by looking at the past.

Interest rates under Carter were very high. But interest rates on policy loans, while higher than they are right now, were comparatively low. Those who recognized this, were able to borrow against their life insurance policies to capitalize on opportunities which came along. Of course, they could only borrow in proportion to how much they had put in.

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There is a fascinating history around governments and the way they deal with drugs. Hippocrates warned against the use of opium except for some medicinal purposes.

Yet by 1839 Great Britain was embroiled with China over the trade of opium. British ships were instructed to bring the finest opium back to England. Needless to say, this opium was not used for medicinal purposes.

So what does this have to do with Life Insurance? The fact is governments cannot stem the tide of culture and the way people think. Governments can use force, or impose penalties and taxes, but there are other forces at work on a deeper level. This is a foundation which shares a common ground when it comes to the value of using life insurance to build wealth.

Hear more on the show today.

Beyond the fact that Sam was from Tennessee, we are ignorant of much of his life… except that his cremation was the strangest sight the Northern Lights have ever seen.

While not as strange, perhaps, as Sam's cremation, we see our fair share of "strange things done in the midnight sun by men who moil for gold".

In this episode, Tom and John share some "strange things" about the Life Insurance Industry you'll want to be aware of.

Contact Life Benefits to get a policy review at 702-660-7000

Cancel Culture isn't anything new. Although the name has changed over the years the selfish ideas and beliefs behind it have remained the same.

Cancel Culture and Critical Theory thinking, a hideous blend of Marxism and Freudianism, is seriously endangering our Western Society.

Today on Wealth Talks, Tom and John discuss Cancel Culture and what we can do to guard against it.

World population is a major concern… but not in the way many people see it.

Anyone who has taken a flight across the US should realize that overpopulation is not even a remote problem. In fact, the biggest problem many countries are facing today is underpopulation.

Today on Wealth Talks, Tom and John talk about underpopulation and the grave danger it represents to the US.

Catch the show here.

There are two categories into which all Life Insurance products fall: Temporary and Permanent. In general, term products are classified as temporary insurance, while whole life and universal life products are classified as permanent.

It is important to understand how these different types of policies work when you wish to purchase the best type of Insurance.

Today on Wealth Talks, Tom and John break down how different policies perform so you can see what type of insurance is the best to own.

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How many times have you heard someone recite sentiments along these lines "It'll be my kids' problem by then"… implying that they will be dead and their kids will have to deal with the problem instead.

The lack of responsibility is shocking, and the results of this thinking are disastrous. We are all susceptible to this type of thinking.

Even Hezekiah one of the best kings of Israel was caught in this way of thinking. Although there was peace in Hezekiah's day, the Israelites eventually became enslaved to the Babylonians.

Today on Wealth Talks, Tom and John discuss how to avoid this type of thinking, and how to leave a real and lasting legacy.

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