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Episode 217: Top Ten Tough Questions When You Bank on Yourself (Part 1)

Episode 217: Top Ten Tough Questions When You Bank on Yourself (Part 1)

In this episode, we ask: What about tough questions? What about breaking even? Why is Bank on Yourself® type whole life insurance worth it, when I am so close to retirement? Have you missed opportunities? Have you taken on too much risk?

Not Your Average Financial Podcast™

October 29, 202130m 16s

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Show Notes

In this episode, we ask:

  • What about tough questions?
  • What about breaking even?
  • Why is Bank on Yourself® type whole life insurance worth it, when I am so close to retirement?
  • Have you missed opportunities?
  • Have you taken on too much risk?
  • …Compared to what?
  • What about an example?
  • Would you have enough money and time?
  • What about non paying tenants?
  • What about market downturns?
  • What is your time horizon?
  • Is your time horizon too short?
  • What would most financial advisors say?
  • What will you have?
  • What about real estate?
  • What about the stock market?
  • Why is it worth it?
  • What about an example?
  • What about a death benefit?
  • What about saving?
  • What about working?
  • Are you earning enough?
  • What accounts are taxable?
  • What makes sense?
  • What about waiting?
  • What is the best opportunity for my money today?
  • What about dealing with large sums of cash?
  • What about expenses?
  • What about policy loans?
  • What about locking in insurability?
  • What about earnings in a whole life insurance policy’s growth?
  • Can one get compounding back after losing the opportunity?
  • What about time?
  • What about guaranteed growth?
  • What about good health?
  • Is good health guaranteed?
  • What happens when one is uninsurable?
  • What about putting everything on hold?
  • Will life get in the way?
  • Is time your friend?
  • Is time your enemy?
  • Is there anything you can do about it?
  • Is the last deal you will ever do?
  • What would you like to give your future self?
  • Is there always more where that came from?
  • What is the power of the strategy?
  • How can I be sure that the life insurance company will come through on its guarantee?
  • What about guarantees?
  • Is past performance indicative of future results?
  • Would you like to listen to Episode 128?
  • What about bonds? What happens if bonds fail?
  • What about cash flow?
  • What about policy dividends?
  • What has happened since 1920 in corporate bond yields relative to inflation?
  • What about investment grade fixed income assets?
  • Why can’t I just forgo life insurance and save in a regular bank account?
  • What about an example?
  • What other financial vehicle can meet these expectations?
  • Does having your money safe and available for whatever you need take away any of your options? Or does it give you more options?
  • What tough questions do you have?