Jason and Kyle discuss banks and how they work. Top discussion points: -Banks do not lend out their own money. -Banks lend out money that doesn't exist. -Nelson did not like using banks because it is inflationary. -We still use banks but think it is important to understand how they work.
Jason and Kyle talk about the importance of having death benefit. Top discussion points: -You are your greatest asset, so insure yourself. -Your money must reside somewhere, why not in a policy that offers death benefit? -Death benefit will help you or your loved ones navigate unexpected deaths.
Jason and Kyle discuss about absolutes in the IBC and whole life world. Top discussion points: -Preaching absolutes is a good way to get yourself in trouble. -It's important to keep an open mind and be able to adapt as your understanding grows.
Jason and Kyle discuss who should be insured first. Top discussion points: -Insuring business partners is important to make sure it can still go on even if there's an unexpected death. -Death benefit can be used to expand the operation, pay off debt, or pay for custom hire to keep things going.
Jason and Kyle discuss a potential client conversation where they concluded that IBC was not for them. Top discussion points: -You can't have a limited mindset and be successful with IBC. -We have seen all sorts of different people in different situations make IBC very successful.
Jason and Kyle discuss when you should expand your system of policies. Top discussion points: -More policies aren't always better -Policy design is important