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Now displaying: 2018
Dec 25, 2018

Did you know that Warren Buffett’s first business venture started at age 6? And at age 11 he was working in his father’s brokerage firm.

Listen for the story and why it’s so valuable for children to learn wise money management values as soon as possible.

Get the 2 children’s books by Gracine and Anna McFie here on the Life Benefits store. https://www.life-benefits.com/store/

Also on this show - a question Dr. Bret about pre-payment penalties on business loans and some thoughts on when it’s good to take a policy loan.

Dec 19, 2018

But IUL is no way to get great guarantees on your money.  If you want to help your friend, you might even be able to pay them the commission they would have earned if you bought the policy from them, and still come out ahead! 😳

IUL is a hybrid insurance product based on term insurance where the cost of insurance is increasing every year. Discover why guarantees from Whole Life insurance are better…and if you really want to invest in the index fund, go ahead and invest directly so your growth isn’t capped. 💰

Also on this show - a request from a Wealth Talks listener on Social Security: What might happen in 20 years and should you be worried about not contributing more?

Dec 11, 2018

Shopping for Christmas, Birthdays and other celebrations can be fun, and sometimes tough too. Some people go into debt this time of year.😟 And maybe you can’t find a gift that really expresses the love you feel for someone.

Here are some tips to keep your shopping fun, enjoyable and fulfilling for true wealth in all aspects of your life. Remember that the most important things in life aren’t things. Protection and security for the future is one of the most meaningful gifts you can give to your family.

Also hear the real-life questions coming across our desk and catch useful ideas for your own situation.

Want some help or a fresh perspective? Call 702-660-7000 and ask for a private Strategy Session.

 

Resources:

2019 Document Workshop Info & Schedule

Watch Attorney Lee Phillips on how to build a strong Legal Foundation

Dec 4, 2018

13 years ago we came home to Robbers in our House. What we learned, would change our Life and Financial Thinking forever

It was a dark, drizzling dreary November evening 13 years ago, when we came home to Robbers in our house!👺

 

They got away with many things…some which you can never replace. The cleanup process was emotional, but also helped change our thinking. For example: If the thief didn’t take _____, is it really as valuable as we think?

 

During the cleanup process, Michele ran across a letter that ended up introducing us to Participating Whole Life Insurance and complimentary wise money management strategies.

In the financial world, you can be robbed without realizing it until later in life. Fees, taxes, and inflation all take a bite out of your pie.

The average Rate of Return on Social Security is only about 1.23%. Sometimes investments aren’t any better.

 

Listen to this episode for the full story and learn how you can improve your strategies on life and building wealth WITHOUT getting robbed.

 

Resource Links:

Visualize a $100,000 investment earning 6% for 30 years MINUS Fees, Taxes and Inflation

Watch Attorney Lee Phillips on how to build a strong Legal Foundation

ROR on Social Security is only 1.23% - Article on FoxBusiness

Nov 27, 2018

Premium Financing promotions seem to be all over the place today! But with so many moving pieces 🎲 are they really the best idea for you and your family?? 

 

Here’s what you need to know to secure a golden financial future 🔑 - from simple budgeting for extra expenses (like a new transmission) - to the best way to plan for life insurance premiums. You are listening to Wealth Talks 🎧

 

More info on Premium Financing:

Premium Financing (Stacking and Laddering Policies) - VIDEO

Premium Finance - BLOG

Nov 20, 2018

Many people are looking beyond traditional health insurance to faith-based healthcare sharing ministries. ⛪️

Not only can you stand up for the healthcare values you believe in, but you can often save money too.

 

Since the Affordable Care Act requires health insurance to cover pre-existing conditions, traditional heath insurance premiums have skyrocketed🚀 Participating in a healthcare sharing ministry is often much less expensive than traditional insurance because these groups CAN make exclusions for pre-existing conditions!

 

So what options are available? Here’s a quick comparison of 4 popular Christian-based sharing ministries. This is great place to start your research.

 

Resources:

Traditional Health Insurance Shopping Info by State - Written info from Take Command Health

How to Save Money on your Health Insurance - Podcast

 

Ministry Sharing Guidelines:

Medi-Share - Christian Care Ministries (CHM) Guidelines

Samaritan Ministries Guidelines

Christian Healthcare Ministries (CHM) Guidelines

Liberty HealthShare Guidelines

 

Here’s our list of Pros/Cons/Noteworthy points per ministry…

 

Medi-Share by Christian Care Ministry (CCM):

Pros:

  • No annual, per-incident, per-person or per-lifetime sharing caps
  • Free 24/7 access to virtual providers via MDLIVE
  • Bill Negotiation
  • Simple, Easy-to-understand Guidelines

 

Cons:

  • More per-visit fees: $35 per doctor visit or hospital visit, $135 for emergency room visit
  • Services outside of network adjusted to “usual and customary charges” - may not all be covered
  • Does not work in Montana

 

Noteworthy:

  • More options for a higher “Annual Household Portion” (like a deductible) than some available - maybe offset by higher overall cost/fees?
  • Separate Senior Assist program available - like an extension (not supplement) of Medicare Parts A & B

 

Medi-share Pricing Calculator - Link

Medi-share - Request Info Link

 

Please note: We use Media-share personally and thus know more about this ministry than some of the others. See what people are saying about other sharing options below.

 

Samaritan Ministries:

Pros:

  • Broader range of expenses allowed for sharing such as Chiropractic and Homeopathic care
  • $300-1,500 sharing threshold per member

 

Cons:

  • Seems to have more conditions and small things to pay attention to - they have made a nice effort to simplify with some visual breakdowns in the PDF version of their guidelines
  • 250k per need/annual sharing limit

 

Noteworthy:

  • Direct Sharing to individual members versus Automatic collection and payout by the sharing ministry
  • Save to Share program does provide a way to get unlimited sharing - read guidelines for details
  • Sharing cost seems higher for people in 20-30’s age range?? More than the McFie family adult children are paying with Medi-share currently, but we also choose a high AHP - hard to say how the differences work out.

 

Christian Healthcare Ministries (CHM):

Pros:

  • Low sharing prices
  • “Like family” experience - see what people are saying below

 

Cons:

  • You handle most of the bill negotiations - they do provide resources to help
  • 125,000 per diagnosis sharing limit + 100,000/yr with the Brother’s Keeper add-on - still limited annually per-diagnosis even with the Brother’s Keeper option

 

Liberty HealthShare:

Pros:

  • Low prices
  • Less strict Christian Lifestyle requirements

 

Cons:

  • The sharing guidelines read like a legal document - terms and conditions seem more complex
  • 125,000 to 1 million sharing limit per incident

 

Noteworthy:

  • A Case Worker may assigned on “serious cases” to suggest Alternative treatment options - cooperation is voluntary but your actions may affect what expenses they are willing to share

 

<Insert Comparison image here>

 

What People Are Saying

A big THANK YOU to all of you who wrote in on this subject! Your responses were very helpful in this review, and we have chosen a few to share with everyone in this post.

 

Samaritan Ministries:

 

Amy says:

We use Samaritan Ministries because it seems like a more Biblical approach to healthcare - giving directly to brothers and sisters in Christ in need, and not indirectly funding abortion. 

 

We chose this one over another big one - I forget which, but it's based out of Florida [probably Medi-Share run by Christian Care Ministries - they are based in Florida] - because that one was going to require my husband to get written doctor's permission to work out, and they were going to charge more for having high cholesterol. Samaritan is more user-friendly. 

 

We are, however, open to looking into Christian Healthcare Ministries because I think it may cost less and people we know seem to be pleased with them, too. 

 

Dr. Donald says:

We use Samaritan Ministries the past couple of years.  We like the idea of sending money directly to those in need.

However, I'm thinking about dropping it because of the expense.  I am covered by Medicare part A but haven't signed up for Part B - I know I will be penalized if and when I do.

 

Katherine says:

We have been using Samaritan Ministries for about 5-years now.  We send our monthly "Share" directly to participants in need.  I love that my check is written out to a person!!  This is done for 10-months; the other 2-months are sent to SM for admin costs.  We started out at approximately $360 per month for a family of 2; it is currently is $440. 

 

The only time we have submitted a need is for my husbands stem cell procedure on his knee. This treatment is not covered under traditional health care plans. SM covered it 100% after $350 deductible. The stem cell used was his own. It was completely successful and so he avoided a knee replacement.  This plan is not a fit for everyone but it works great for us.

 

Rob says:

My wife is part of the health care sharing Samaritan Ministries. I qualify for Medicare. We decided on Samaritan because it was a little cheaper than the others we looked at and because we get a discount at our primary care facility for belonging to Samaritan.

 

Dr. Miguel says:

We use Samaritan ministries. I chose them over the others because they pay for chiropractic and non-traditional therapies while the others that I researched strictly stuck to medical care. My wife has used them extensively it is paid for her to have IV therapies, Rolfing, functional medicine and other non-traditional therapies for a shoulder injury. It also paid for her to have shoulder surgery and we have been extremely happy. It paid for everything.

We were able to negotiate cash fees for the services for a substantial discount which went towards the deductible that Samaritan ministries and laid out. We pay for $50 per month for my wife and I. This is substantially better than the best deal I can negotiate with traditional insurance.

 

 

Christian Healthcare Ministry:

 

Valerie says:

We have been members of Christian Healthcare Ministry since 2011. They have been amazingly supportive and prompt in processing any medical bills we incurred. We have chosen to be Gold level members at only $150.00/month.  Any discount given by the healthcare provider is credited to your deductible. We have also been members of their Brothers Keeper program which bills quarterly only if any claims above a certain amount are received. The quarterly gift amount has never exceeded 25.00 each. There is also a Prayer Page which lists people that have pre-existing bills and members can choose to donate.

 

After I had a surgical procedure I received a phone call from the Executive Director to check on me. And this was during the Christmas season!  They have experienced huge growth since Obamacare went into effect but have hired additional team to support the growth. We recommend this to everyone.

 

Dr. Gregg says:

I've been using Christian Healthcare Ministries for more than 2 years.  It is very affordable and my out of pocket is minimal.  I've only had one claim in these two years and ended getting reimbursed from the the entire amount I had paid to the doctors and hospital (over $1700.)  I am a raving fan now.

 

Eric says:

We are "using" Christian Healthcare Ministries health care program. Have been "signed" up with them for maybe 3 or 4 years. We have never used or required their assistance to pay for any health care costs.

 

We pay $90 per month, plus $90 each quarter for the two of us. My wife is 61 and I am 63.

 

Shaun & Julie say:

Our family belongs to Christian Healthcare Ministries. They have been a wonderful family to us since January 2015.

 

>>>>>

Nov 14, 2018

Ever feel like you’re trying to decipher Mandarin Chinese when it comes to Life Insurance? 🤔

Each industry and niche has a special set of terms, and it all becomes much easier when you know what these terms mean!

 

Get the high-level overview today which is more than average life insurance agents know. And if you already have life insurance request a complimentary Policy Review to understand what you own.

 

Click here to Request Your Complimentary Policy Review 

Nov 6, 2018

Some people love it.😍 Some hate it.😡 Explore the value of life insurance in your financial plans and how to integrate this tool to maximize your results.

 

The Perpetual Wealth Code™ outlines a system to build a strong foundation for your financial future.💰 Today we review this system and answer relating questions from the 2018 Wealth Summit audience. 🎤

 

Missed the Wealth Summit?  Get Online Access to the Recording Here - $297

 

📞 Call 702-660-7000 to discuss your personal situation or Request a Strategy Session

 

Questions Answered in this Episode:

  • Is Life Insurance a Good Tool for Building Wealth?
  • What type of investments do the McFie’s use their policy loans for?
  • How many Bank Accounts does it take to do the Perpetual Wealth Code?
  • Can I borrow from a source to pay my policy/start my policy and then borrow from the policy to pay the loan back? ~ David
  • What about transferring 401k money to policies?
  • If someone only has 5-10 years of full-time work productivity left can this insurance concept still work for them and how? ~ Dr. Janis

 

Coming up next week: Life Insurance Made Easy

Half the battle is knowing what the new terminology means. Tune-in next week and you’ll know more about life insurance than the average life insurance agent!

 

📩 Subscribe to Wealth Talks Podcast Here »

Oct 30, 2018

Health Insurance Made Easy with Special Guest Jack Hooper Open Enrollment for 2019 Health Insurance is just around the corner! (November 1st - December 15th 2018) Small Business Owners (up to 50 employees) have some great options to limit cost and help em

Oct 23, 2018

In 2019 we’ll be hitting the road for workshop events around the USA. You can submit a request for your area on our website here www.life-benefits.com/contact. Or let us know by phone 702-660-7000.

 

Get Online Access to the Full Wealth Summit Recording - $297 (ready by December 1st or as soon as editing is done)

2019 Wealth Cruise Details

 

 

Oct 15, 2018

Today on Wealth Talks, join Tom, John, and Michele McFie as they take questions from the live audience at the Wealth Summit. Learn about the Perpetual Wealth Code, Life Insurance, and advanced strategies about money.

Oct 9, 2018

If you ever get the dreaded “brown envelope” from the IRS, you want someone like Jack Cohen CPA on your side of the table. Jack worked for the IRS for 33 years and now represents people in front of the IRS…you could say he say he saw the light and turned back from the dark side.

Today on Wealth Talks, Jack previews some the topics he’ll be sharing at the Wealth Summit including the new limitation on SALT deductions (State and Local Income Taxes) and the 2018 tax break for business owners.

Don’t miss the crazy story about the IRS reporting one of Jack’s clients to the local 911 near the end.🤣

Special Offer compliments of Life Benefits: Contact Jack’s office at 702-255-2330 for a no-charge review of your latest tax returns.

Oct 2, 2018

Mark Dealy will be sharing his Perpetual Wealth Code™ journey at the Wealth Summit this year! Today on Wealth Talks you get a personal insight into 2 key factors that have contributed to Mark’s successful journey.

Come here Mark speak LIVE at the 2018 Wealth Summit - Register here

Mark Dealy owns a landscaping company in Washington state. He is also a Wealth Mentor at Life Benefits and helps people to wisely implement the Perpetual Wealth Code™. You can reach him by phone at: 360-220-6641

Oct 1, 2018

“So many people spend their health gaining wealth, and then have to spend their wealth to regain their health.” -A.J. Reb Materi

More and more people today are getting diagnosed with Alzheimers, Parkinson’s, ALS, Dementia and other Brain/Nerve related diseases. But it didn’t used to be this bad. What changed?

Healthcare & Assisted Living are no fun and they’re pretty expensive too - big Wealth Killers.

Dr. John Bergman will be at the Wealth Summit sharing the data and some things you can do to reverse hidden damage in your Brain and Nervous system.

Come hear Dr. John Bergman speak LIVE at the 2018 Wealth Summit- Register here

or call 702-660-7000 to pre-order the recording.

Sep 25, 2018

Growth and expansion is REQUIRED - not optional. Trying to keep your family or business the same size guarantees only one thing - that it will shrink.

Why does the United States print the words “In God We Trust” on the currency? Is there such as thing as an “evil corporation”?

Today on Wealth Talks, Rabbi Lapin shares nuggets of wisdom to help you Grow and Protect your Wealth.

You can meet Rabbi Lapin in person when he speaks LIVE at the 2018 Wealth Summit Oct 12-14th in Las Vegas - Register here

Sep 19, 2018

4 tools everyone should use in their personal legal foundation because…what you KEEP is more important than what you MAKE.💰

Special guest Attorney Lee Phillips, spent several years of his life earning an extensive college education. 6 months after graduation (age 27) he was diagnosed with Stage 4 cancer and all the golden prospects of a wonderful life came crashing down.💥

Come hear Lee speak LIVE at the 2018 Wealth Summit - Register here

Learn from Lee’s journey so you can protect yourself and your family from the worlds Wealth Killers.

Sep 11, 2018

Is 10% of your income enough to be saving for your financial future? Should you be saving more?
There is a way to save more by quickly converting your 10-20-70 budget to 30-70 without working any harder. Listen and Discover how.
Resource Link - 10-20-70 Worksheet

Also in this episode, find out how you can manage your large portfolio of life insurance policies easily and efficiently. Thank you Jason for writing in with this question.

Sep 5, 2018

Thomas Edison once said that “Opportunity is missed by most people because it is dressed in overalls and looks like work.” How true!

As Brian Tracy has observed, “Successful people are always looking for opportunities to help others. Unsuccessful people are always asking, ‘What’s in it for me?’”

At the Wealth Summit Dr. Terryl Wolfswinkel will be speaking on Opportunity and how to be ready when opportunity comes knocking. Today on Wealth Talks he gives a “sneak preview” to his valuable presentation coming up at the Wealth Summit October 12-14th 2018.

Come here Dr. Terryl speak LIVE at the 2018 Wealth Summit - Register here »

Dr. Terryl Wolfswinkel is a Wealth Mentor at Life Benefits and helps people to wisely implement the Perpetual Wealth Code™ and maximize their financial freedom and security. You can reach him directly by phone at: 515-422-4703

Aug 28, 2018

Growing up in Argentina in the late 1980’s, Max Ponzone started trading currency through a local exchange with a friend at age 9. Escaping the economic turmoil of Argentina his family moved to South Africa in 1991 where it all happened again.😲 

Today Max lives in the United States. He trades options and has started a company called Trade Cheetah creating a tool to manage positions and integrate investing strategies to transform the way investors, find, manage and trade stock options.

Come hear Max speak LIVE at the 2018 Wealth Summit - Register here

 

Disclaimer: This podcast may contain expressed views and opinions of Life Benefits, LLC its agents, representatives and/or others and is not meant to constitute advice or counsel of any kind. Life Benefits, LLC its agents, and representatives are not authorized to give investment, legal or tax advice.

Aug 21, 2018

What a loaded question! So many variables - and most likely, some still unknown. But it is important to have some idea of where you want to go so you can plan and save to get there.

Today we explore a few high-level examples to reveal how much you might need for retirement. How much with Traditional Investments? How much with whole life insurance? Plus some other options that are available to maximize income from your assets.

Results can vary widely from case to case so we encourage you to contact our office for specific details on your situation. 702-660-7000

 

Resource Links:

Retirement Remastered - Article: https://www.life-benefits.com/retirement-income-strategy/

 

Withdrawal Projection Calculator (Excel)

https://www.life-benefits.com/wp-content/uploads/2018/06/Withdrawal-Projection-Worksheet.xlsx

 

Dividends Explained - Podcast: https://www.life-benefits.com/podcasts/dividends-explained-ep-89/

 

CDC Life Expectancy Table (page 3)

https://www.cdc.gov/nchs/data/nvsr/nvsr66/nvsr66_04.pdf

Aug 14, 2018

With the stock market raging, unemployment being lower than it has been in years, and the economy performing better than it has for a very long time, many are asking, “How does this effect my financial future?
The Perpetual Wealth Code™ was designed, much like Vanguard Mutual Funds were designed, to produce profits for Main Street and NOT the vultures of Wall Street. That is because even while Wall Street roars, Main Street groans under the risk that it is forced to carry. Yet, with the Perpetual Wealth Code™ Main Street whirrs right along under no burden of risk regardless of the risk Wall Street creates. Boom or bust, Bull or Bear, there is little that consequential effects those on Main Street if they are actively participating in the Perpetual Wealth Code™.

Learn more about the Perpetual Wealth Code™ here: https://www.life-benefits.com/perpetual-wealth-code/

 

Aug 7, 2018

Contrary to Dave Ramseys' recent claim, Millionaires DO use Life Insurance to Grow and Protect Wealth. Let's take a look together at some real-life examples that debunk Dave’s misapplied data.

Jul 31, 2018

Level 1 thinking is emotional, easy and used by everyone. Level 2 thinking is logical and somewhat lazy. There is almost always more under the surface of success than any casual observer will see. Discover the why behind the how of using this knowledge to think like the Wealthy.

Ben McFie joins us on Wealth Talks today to share a wonderful example on Thinking and story from Zig Ziglar on the Wisdom of the Ages.

Please call or email us with your questions for this podcast: 702-660-7000 or team@life-benefits.com

Resource Link: Think Both #23 - Listen Here»

It’s normal to compare one investment to another.  What if you could continue earning money on your savings while making an investment too?

Jul 24, 2018

So many ways to invest - so many opinions - where should you start? For most people, investing will start with things they’re already purchasing in their life. What about a home with a mortgage as an investment? Is this a liability or an asset? 


What about business expansion or business ideas? What about stocks, bonds and mutual funds? What about universal life insurance tied to market performance?


Discover the keys to Sensible Investing from Day 1.


Resource Links:
Fun with Real Estate Video - Watch Here: https://www.youtube.com/watch?v=wsVBD2x2fnU
Average versus Actual Rate of Return Video - Watch Here: https://www.youtube.com/edit?o=U&video_id=K74lNg064zc
Universal Life Insurance - Podcast ep.90 https://www.life-benefits.com/podcasts/universal-life-insurance-ep-90/
Indexed Universal Life Insurance - Podcast: https://www.life-benefits.com/podcasts/indexed-universal-life-ep-147/ 
How Life Insurance Works - Video with Gracine McFie https://www.life-benefits.com/videos/how-life-insurance-works-with-gracine-mcfie/
More Videos on Universal Life Insurance Link to: https://www.life-benefits.com/?s=universal%20life&type=videos&order=

Jul 17, 2018

Discover the 4 Crucial Steps you need to implement and Create Wealth, Financial Security and Peace of Mind. Worldly wisdom completely reverses the order of these 4 steps to financial success. Listen now and discover the best way to build your foundation for financial security so you can get the MOST benefits.

 

For more info on building wealth and prosperity the right way, come to the Wealth Summit in Las Vegas: October 12-14th 2018

 

Wealth Summit Links:

https://www.wealthsummit.net

https://www.life-benefits.com/events/2018-wealth-summit/

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