LIFE INSURANCE ADVICE

Category: LIFE INSURANCE ADVICE

Can You Sell Your Life Insurance Policy? (Episode 042)

Should you sell or cancel your life insurance policy? What are your options?

P4P042-MakingOpportunityOrientedDecisions

Todd Strobel and Kim D.H. Butler explore what people do when they can’t (or don’t want to) make their life insurance premium payments. On today’s episode, Kim dives into the possibility of selling your policy to investors of life settlements vs. just cancelling your policy and taking the cash value.

Kim discusses the benefits and potential drawbacks of selling a policy, and who might be able to sell a policy. Todd chimes in with the type of policyholder that may have the most to gain from selling their death benefit. Finally, they assess how life settlements have increased the flexibility and choices for both investors and policyholders.

If you are “too young” to sell your policy, you’ll also want to read this article for more options: “7 Ways to Save a Life Insurance Policy (even when you can’t afford the premiums)”

If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!

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Analyzing Annuities Through the Prosperity Principles (Episode 039)

Are Annuities a Good Investment?

P4P039-AnalyzingAnnuitiesThroughTheProsperityPrinciplesKim Butler and Todd Strobel respond to a user-question about annuities, analyzing annuities to see what they can and can’t do for you. Kim and Todd take a hypothetical annuity through the gamut of our Prosperity Principles. Kim defines the different types of annuities. Todd uses the Prosperity Principles against annuities. Finally, Kim and Todd explain where the apprehension towards annuities comes from and look at what to do with an annuity you already possess. Do you know how to apply the Principles of Prosperity to financial decisions? Find out on today’s episode of the Prosperity Podcast.

If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!

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The Study of Our Business – Life Insurance Analysis

$156 Million in Life Insurance… and Counting!

P4P029-TheStudyOfOurBusinessKim Butler and Todd Strobel discuss a recent analysis from an insurance company we do business with. What do the findings tell us? What kind of life insurance do our clients buy, and why? What do they do with it? What do we know about our clients from the study? Find out on today’s show.

If you would like the opportunity for us to answer your question on the show, be sure to keep sending us questions!

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Navigating Life Insurance Terminology

Does life insurance ever seem like a foreign language?

P4P028-NavigatingLifeInsuranceTerminologyP4P’s Kim Butler and No BS Money Guy Todd Strobel answer another listener-submitted question. Life insurance terminology and lingo is the topic of discussion. Kim and Todd travel the A to Z’s of life insurance with a few pit stops along the way.

Also, will this episode be the last for Todd’s favorite phrase, “super?” Find out on today’s episode of the Prosperity Podcast.

If you would like the opportunity for us to answer your question on the show, be sure to keep sending us questions!

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The Insurance Rebuttal Part 2

Whole Life vs. Term Insurance: More Myths and Misunderstandings

P4P-011-TheInsuranceRebuttalPart2Today’s episode of The Prosperity Podcast continues the debate over whole life insurance vs. term life insurance. Best selling financial author, Kim D. H. Butler and “No B.S. Money Guy,” Todd Strobel pick up where they left off previously, discussing comments sent in by a reader in support of term insurance vs. whole life insurance.

The arguments and responses covered include: price comparison, investing comparison, and large commission comparison.

Kim and Todd address the reasoning behind each question the viewer had and then proceed to teach why both whole life and term insurance are important and practical. Most clearly, they express why term on its own is not a long term option, as its name suggests.

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The Insurance Rebuttal Part 1

Whole Life vs. Term Insurance: Myths and Misunderstandings

P4P-010-TheInsuranceRebuttalPart1

In this episode of The Prosperity Podcast, best selling financial author, Kim D. H. Butler and “No B.S. Money Guy,” Todd Strobel take on some misconstrued ideas regarding whole life insurance vs. term insurance.

Looking at a comment that was left on Partners for Prosperity’s blog, they clarify four aspects of whole life insurance, busting four common myths: These include:

  • Do you “pay for two and get one” benefit?
  • Is there really “zero cash value”?
  • What about the death benefits – does term really give you more? and
  • Is whole life too expensive for middle income families?
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