Jason and Kyle discuss taking responsibility for your financial situation. Top points discussed: -There's a big difference between getting advice from professionals and giving total control to them. -It is important to figure out what you want and how do you achieve it.
Jason and Kyle discuss the “Buy term and invest the difference” method. Top points discussed: -This sounds like a great idea if you don't dig into the details. -Comparing this method to buying whole life is like comparing apples to oranges. -Context is important when deciding which route to go.
Jason and Kyle discuss the top 5 questions you should be asking yourself about your business. Top 5 questions: -Are you valuing your capital? -Are you tax efficient? -Does your financial plan help you manage your varying cashflows? -Are you in control of your access to capital? -How many benefits does your financial plan provide you?
Jason and Kyle discuss how long you should pay into a whole life policy. Top points discussed: -Length of pay depends on your goals. -Policy design emphasizing on flexibility is crucial.
Jason and Kyle explain why IBC designed polices are great emergency funds. Top points discussed: -You are contractually guaranteed the right to borrow against your cash value. -No questions are asked when you take policy loans. -There is no risk of loss of your capital. -These policies are extremely liquid.
Jason and Kyle discuss the changes in the 7702 law and the new insurance products coming out. Top points discussed: -Guaranteed rates are changing -MEC limits are changing -Should you get a policy with the old product before it expires?