Artwork

A tartalmat a John Montoya, John D. Perrings, John Montoya, and John D. Perrings biztosítja. Az összes podcast-tartalmat, beleértve az epizódokat, grafikákat és podcast-leírásokat, közvetlenül a John Montoya, John D. Perrings, John Montoya, and John D. Perrings vagy a podcast platform partnere tölti fel és biztosítja. Ha úgy gondolja, hogy valaki az Ön engedélye nélkül használja fel a szerzői joggal védett művét, kövesse az itt leírt folyamatot https://hu.player.fm/legal.
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68: How Much Life Insurance Can You Have?

34:14
 
Megosztás
 

Manage episode 365369185 series 2926696
A tartalmat a John Montoya, John D. Perrings, John Montoya, and John D. Perrings biztosítja. Az összes podcast-tartalmat, beleértve az epizódokat, grafikákat és podcast-leírásokat, közvetlenül a John Montoya, John D. Perrings, John Montoya, and John D. Perrings vagy a podcast platform partnere tölti fel és biztosítja. Ha úgy gondolja, hogy valaki az Ön engedélye nélkül használja fel a szerzői joggal védett művét, kövesse az itt leírt folyamatot https://hu.player.fm/legal.

Stop wasting hours on YouTube, trying to piece together the information you want regarding The Infinite Banking Concept®.

Use the code "PODCAST" to get 50% off of our soup-to-nuts online course to get everything you need to know about IBC and whole life insurance:

IBC MASTERY

----

Main Episode Description

With funding life insurance for IBC, a little-know fact is that you can only buy so much.

Many people are already familiar with MEC (Modified Endowment Contract) limits that limit how much premium you can pay relative to the death benefit. But there is also a limit on how much total death benefit you can buy.

The insurance companies will only underwrite you for a maximum amount based on your income and/or net worth.

For example, if your lifetime income and/or net worth is $2M, the insurance company will not sell a $20M policy.

This creates yet another set of tradeoffs that need to be understood when designing a whole life insurance policy for The Infinite Banking Concept.

----

Episode Highlights:

0:00 Intro

0:43 Human Economic Value

2:50 Your Greatest Asset

6:38 Calculating Your Maximum Potential

7:44 Don't Forget About Your Family

9:34 Policy Components Determining Underwriting

12:08 As Income Rises

13:59 Human Life Value and Total Underwriting

17:10 The Modified Endowment Contract (MEC)

18:52 Understanding the Purpose of Life Insurance

25:26 So How Much Life Insurance Should You Have?

29:04 Effects on Retirement

30:16 Story of a Typical Financial Advisor

Wrap Up

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GET IN TOUCH

----

About Your Hosts:

Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!

John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998 and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.

John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.

----

Connect with us

If you'd like to see how to apply these principles to your specific situation, get in touch. Schedule a free, no-obligation 30 minute consultation with us today!

  continue reading

104 epizódok

Artwork
iconMegosztás
 
Manage episode 365369185 series 2926696
A tartalmat a John Montoya, John D. Perrings, John Montoya, and John D. Perrings biztosítja. Az összes podcast-tartalmat, beleértve az epizódokat, grafikákat és podcast-leírásokat, közvetlenül a John Montoya, John D. Perrings, John Montoya, and John D. Perrings vagy a podcast platform partnere tölti fel és biztosítja. Ha úgy gondolja, hogy valaki az Ön engedélye nélkül használja fel a szerzői joggal védett művét, kövesse az itt leírt folyamatot https://hu.player.fm/legal.

Stop wasting hours on YouTube, trying to piece together the information you want regarding The Infinite Banking Concept®.

Use the code "PODCAST" to get 50% off of our soup-to-nuts online course to get everything you need to know about IBC and whole life insurance:

IBC MASTERY

----

Main Episode Description

With funding life insurance for IBC, a little-know fact is that you can only buy so much.

Many people are already familiar with MEC (Modified Endowment Contract) limits that limit how much premium you can pay relative to the death benefit. But there is also a limit on how much total death benefit you can buy.

The insurance companies will only underwrite you for a maximum amount based on your income and/or net worth.

For example, if your lifetime income and/or net worth is $2M, the insurance company will not sell a $20M policy.

This creates yet another set of tradeoffs that need to be understood when designing a whole life insurance policy for The Infinite Banking Concept.

----

Episode Highlights:

0:00 Intro

0:43 Human Economic Value

2:50 Your Greatest Asset

6:38 Calculating Your Maximum Potential

7:44 Don't Forget About Your Family

9:34 Policy Components Determining Underwriting

12:08 As Income Rises

13:59 Human Life Value and Total Underwriting

17:10 The Modified Endowment Contract (MEC)

18:52 Understanding the Purpose of Life Insurance

25:26 So How Much Life Insurance Should You Have?

29:04 Effects on Retirement

30:16 Story of a Typical Financial Advisor

Wrap Up

----

GET IN TOUCH

----

About Your Hosts:

Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!

John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998 and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.

John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.

----

Connect with us

If you'd like to see how to apply these principles to your specific situation, get in touch. Schedule a free, no-obligation 30 minute consultation with us today!

  continue reading

104 epizódok

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