Feb 16, 2017
Summary:
Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel go through a case study involving a married couple where each is making $45,000 and the wife has a whole life insurance policy from her parents.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Get the free ebook and audiobook - Financial Planning has FAILED
Submit your questions hello@partners4prosperity.com
Truth Concepts Calculators - http://truthconcepts.com
Show Notes:
00:00 Introduction
00:28 Today's’ topic: Case Study - Couple Earning $45k Each a Year with a Life Insurance Policy
02:28 Should she continue paying on a whole life policy?
03:34 Understanding what your real debt and payment terms are
05:33 Getting an inforce illustration from the policy
06:52 Why you can’t compare cash value life insurance to the stock market
08:30 What is the death benefit?
09:30 Understanding the funding calculator
10:44 Explaining inforce illustration
11:58 Busting the Life Insurance Lies table G has a picture of the calculator