69: How NOT to Buy Life Insurance

Strategic Whole Life by Infinite Banking Authorized Practitioners

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Main Episode Description

Like everything else in life, when it comes to buying life insurance, there are optimal ways to evaluate your choices and suboptimal ways.

In this episode, we address the fact that to optimally buy life insurance; we must understand that life insurance fits inside a bigger financial picture. It's not always about paying the "cheapest" premiums.

With several newer companies marketing the benefits of "cheap" term life insurance with minimal underwriting, reinforcing the knowledge that we need more than just a hammer in our toolbox is more important than ever.

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Episode Highlights:

0:00 Intro

1:38 No shame! It's good to have life insurance

2:03 Sales systems

6:19 Reminds me of the dotcom boom

7:46 Cost vs. Price

9:26 Commodity-based selling and Economic time preference

15:24 To a client: "Do you want to be strategic or not?"

16:41 A peaceful existence

19:22 Your financial plan can't stop just because you turned 65

21:07 Finding a good life insurance agent

23:44 Commoditization of life insurance by way of policy design

29:26 Integrity of Agents and Companies

Wrap Up

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GET IN TOUCH

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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.

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