10 Minute Lesson in Life Insurance

In this episode, Jim Oliver and Nick Kosko discuss:

Who sets the minimum and maximum premiums of life insurance.

  • The transfer of risk in life insurance.
  • Qualified plans postpone the tax calculation, and what history tells us about possible future taxation. 
  • Term policies versus permanent. 

Key Takeaways:

  • There are flaws in the way life insurance is taught, because they focus on cost not opportunity.
  • There is nearly an infinite amount of premiums that can be charged between the minimum and the maximum.
  • To retire is to be taken out of service – we want to continue to live with purpose even when not working 40 hours per week.
  • For Infinite Banking, we designed the premium to get as close as the MEC line as possible without going over, making your banking policy as efficient long-term as possible.

“Remember, if you minimally fund a policy, then you get minimum levels of benefits.” —  Jim Oliver

Connect with Nick Kosko:
LinkedIn: Nick Kosko
Facebook: Nick Kosko

Connect with Jim Oliver: 
Facebook: CreateTailwind & Jim Oliver
Website: CreateTailwind.com 
YouTube: CreateTailwind

LinkedIn: Jim Oliver

Show notes by Podcastologist: Chelsea Taylor-Sturkie

Audio production by Turnkey Podcast Productions. You’re the expert. Your podcast will prove it. 

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