When the Powerball hits all-time highs, do you run and grab a few tickets with the hopes of "Maybe I'll get lucky this time"? It's fun to think about, but not a reality as the odds are never really in your favor. Conversely, it's not the most fun exercise to think about a certainty (dying) and what that might mean financially. Most don't talk about it or prepare for it. Did you know there are many ways to use your Death Benefit while living? You can use it to spend down other assets and reduce taxes, annuitize the policy to create a stream of income, or reverse mortgage (to name a few). Learn about how to maximize the impact while living and think differently about the death benefit while living.

Highlights

• Why is Powerball a craze right now? - 0:15
• Getting insurance while you're in your younger years. - 2:01 Retirement planning: Maximizing your life and passing on a significant amount of wealth to those you left behind. - 3:58
• Death benefits and asset coordination. - 4:31
• The benefits of having a death benefit in your life insurance policy. - 5;49
• Using your death benefit for your retirement. - 8:21
• Utilizing in a reverse mortgage. - 10:22
• Benefits of utilizing your pensions. - 11:57
• How charitable the main trust works. - 13:29
• Using your death benefit while you're still alive. - 16:00 Episode Resources
• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA

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