Wealth Talks

Similar to a 1031 exchange in Real Estate 🏘, a 1035 exchange lets you avoid tax and transfer your "cost basis" when exchanging life insurance policies.

Do you have a policy that isn't performing the way it ought to be? Is your insurance agent wanting you to exchange into a new life insurance policy? Should you do this?

Here's an overview with Pros and Cons and what you want to know to decide whether a 1035 is the best idea for you.

Also some clarification around when it makes sense to take a policy loan - triggered by a recent conversation with Dr. Jim.

Thank you Dr. Jim!

Resources:

Atlanta Workshop - May 4th 2019

How to Read a Life Insurance Illustration - Video

🛳 Come experience the Wealth Cruise Oct 19-26th 2019! Launching from Ft. Lauderdale, FL and touching ports in St Thomas, Grand Turk, Half Moon Cay, and San Juan you can expect delightful destinations with beautiful blue waters AND…

You'll get to hear proven practices for wise Money management, strong Family Relationships and good Health from the McFie Family, Krish Dhanam and Dr. John Bergman. This will be an experience much different than the Wealth Summits!

Cabin prices start at 1,698 (double occupancy). Only 350 deposit per cabin is required to reserve. May 1st is the soft deadline. This means prices can go up after May 1st and availability is not guaranteed. Reserve your cabin now and start looking forward to this one-of-a-kind experience.

Contact Anila Dhanam to reserve your cabin: 469-261-6067

Contact Life Benefits for general cruise questions: 702-660-7000

Resource Links:

Wealth Cruise Info

Interview with Dr. John Bergman - Podcast Archive

Interview with Krish Dhanam - Podcast Archive

Wikipedia reveals 91 different types of insurance 😲 - many of them you will never need. Life Insurance gets high attention on this show with good reason. There is a place for other types of insurance too.

Did you know there is insurance that will pay you an income if you become disabled (Disability / Disability Income Insurance)? There's also insurance to help cover expenses for Long-term care such as Assisted Living. Today John and Gracine McFie share what you should know about these 2 types of insurance.

Call for personalized quotes: 702-660-7000

Resources:

More info on Disability Insurance - www.ProDisability.com

• What's the difference between direct and and non-direct recognition? Does it matter? 🤷‍♀️
• How does Re-insurance protect policy owners and beneficiaries?
• An inside perspective on Artificial Intelligence (AI) coming into underwriting processes.
• Official Ratings versus strong financials and Capital Surplus.

Special Interview with 2 Vice Presidents of Ameritas Life Insurance Company: Rob Sharp and Kelly Halverson

(Kelly is also an Actuary - one of the scientists who crunch the numbers behind life insurance)

Ameritas provides a great selection of whole life and term life insurance policies with strong guarantees.

Questions answered, big words made easy + an inside perspective on what it takes to make strong guarantees for policy owners at Ameritas.

Resources:

Ameritas 2018 Annual Report - Open

Ameritas Financial Highlights - Web Link

Direct of Non-Direct Recognition: What Difference Does it Make? - Blog

Come behind scenes and hear the reasoning around insurance company ratings, portfolio management, dividends and what it all really means for you in this special interview with Karl Kreunan - Vice President of Ohio National Financial Services.

Karl makes detailed life insurance topics easy. "Life insurance is a significantly underutilized financial asset" - use it in your life and enjoy the financial security it will provide for you and your family.

Astronaut Neil Armstrong knew the value of life insurance, but he couldn't get any before his trip to the moon because of the high risk. Find out what he did instead.

Call us for a personal strategy session: 702-660-7000

Resources:

Ohio National's 2017 Annual Report - Open

You will love this entertaining and useful example of a 5% average rate of return! 😯 And you'll never think the same way about AVERAGE returns again.

Explore how returns work in life insurance and what type of life insurance works best as a guaranteed foundation of protection and savings for your family. Information is everywhere today, but real

Knowledge and Understanding are the keys 🔑 you'll need to win big because at the end of the day it's not all about how much money you can MAKE, rather how much you KEEP.

Make sure you are playing the LONG GAME.

Resource:

How Life Insurance Works - Video

When first hearing about The Perpetual Wealth Code™ you might wonder if you need to do something else first. Do you need to SAVE first? Or PAY OFF DEBT first? Or should you INVEST first so you have more money to do the Perpetual Wealth Code™?

Discover what you should do first and what comes next on the best road to financial freedom. It all makes sense when you get the full perspective.

Call us for a private strategy session to gain perspective on your finances and how the Perpetual Wealth Code™ can work for you: 702-660-7000

ALSO IN THIS EPISODE: A recent caller with maxed out credit cards 💳 wants to retire in 5 years by investing in Real Estate. 🏠 Is is it possible? Listen to this episode to hear the details

Recent questions reveal a natural perspective around using participating whole life insurance to build your wealth. Discover how policy loan interest works, what "backdating" means and what the "break-even" point means for you and your wallet.

In the second half of the show, you'll learn the power of the Perpetual Wealth Code™ and tips for managing money in your financial toolbox.

Resources:

Definition of the 7-pay period

Dividends Explained - Podcast

Everyone knows life insurance companies make good money, and they don't share profits with all policy owners. Neither do all policy owners get equal benefits from guarantees provided by life insurance companies.

Discover what's going on behind the scenes with company structure, and policy design. Armed with this knowledge you can maximize your guarantees from certain life insurance companies and share in the profits of the insurance company as well.

A good Life Insurance policy can be a wonderful financial tool once you sort through the fluff to reveal the real solid products that are available.