The death benefit is probably the most prominent feature of life insurance and the feature most people think of when they think of life insurance. But that’s not the only benefit of life insurance, you can use the cash value of your life insurance while you’re still alive because your life insurance policy is collateral.
You can also assign your life insurance as collateral to use other people’s money.
If you own a business you can use life insurance as a benefits program and to keep critical employees.
Resources:
To get term insurance contact https://mcfieinsurance.com/
Mailto:team@mcfieinsurance.com
call: 702-660-7000
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Most people think life insurance is for when you die, it is, but, you can also use the life benefits of whole life insurance while you’re still alive. What about term insurance though? Is it any good or is it a waste of money?
Many people who have term life insurance now are going to be severely disappointed when their term is up because you can't turn back the clock and get new coverage at the same low rates you had before.
Resources:
To get your life insurance reviewed call McFie Insurance at 702-660-7000 or email: team@mcfieinsurance.com
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We get to listen to an interview with real estate investor John Morey.
John talks about why he bought whole life insurance, how he started out using it wrong.
Why he like to use whole life insurance to grow his wealth, and how he teaches other people about how they can benefit from using life insurance and invest in real estate.
0:00 Interview with John Morey
3:41 What is a MEC policy?
5:08 Don't make this mistake with Infinite Banking
20:50 Why starting now is important (visual demonstration)
Resources:
https://southerncharmre.com/
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Mark Twain has the credit for saying, “The Return of my money is more important than the return on my money.” It is better to make an investment that returns a small increase as well as your seed money than it is to make an investment that has a large projected return but fails to return your seed money. Warren Buffet said, “The first rule of an investment is don’t lose, The second rule of an investment is don’t forget the first rule and that’s all the rules there are.” If you lose your seed money, how are you going to get ahead financially?
You can earn a positive average rate of return while you're losing money!!
We talk about bad investments, good investments and how to access capital to make investments.
Resources:
Life Insurance review: https://mcfieinsurance.com/
Follow the Wealth Talks Podcast on:
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