Afleveringen
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Youâre no stranger to premiums, but you might not realize all the options you have for paying your Whole Life insurance premiums, and what difference they make to your Infinite Banking strategy.
In this episode Iâll explain your options, and the surprising flexibility, for paying your Whole Life premiums.
Iâll also explain why you should still consider Whole Life if you donât have much money, or your health isnât as good as youâd like.
Listen now!
Show highlights include:
Payment Mode questions answered: What are they? What are your options? Do you have to stay with the same mode forever? All this and more explained. (1:04) Surprising way to pay your Base premium and Paid Up Additions premium. (2:12) How to move a lump sum into your policy without giving yourself a migraine. (2:35) Biggest reason to consistently fund your Paid Up Additions every year, even when your insurance company doesnât require it. (5:15) How to âBuild Your Policy Backwardsâ to optimize Whole Life insurance for Infinite Banking. (6:35) Didnât get the health rating you expected? What to consider before you reject an insurance offer. (10:58)Reach out to me:
https://www.linkedin.com/in/valerie-laroque-lacp-b569509Infinite Banking Mastery (infinitebankingnorthwest.com)
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People are living longer so itâs more important than ever to prepare for senior healthcare expenses. But thatâs hard to do if you underestimate your need for care, or how expensive it can be.
Thatâs why, in this episode, Iâm sharing insights and statistics to help you see how serious this is, and explain what options are out there so you can prepare for when you or a loved one need to pay for these services.
Listen now!
Show highlights include:
Why now might be the best time to start Infinite Banking if you want to borrow against your Whole Life cash value in your golden years. (3:18) The two most important questions to ask yourself as you plan for old age. (4:19) What 10,000 Baby Boomers per day are teaching us about the widespread need for long term care. (5:38) Explosive growth of the 80+ demographic: Doubled in 30 years. Hereâs how long until it doubles again, and what it means for healthcare costs. (5:49) Shocking reason American mothers spend more time caring for parents than their own children. (6:20) âMedicare Miscalculationâ that could leave you or a loved one unable to get home health care when you need it most. (8:47) Your options for long term care insurance, and why anything is better than nothing. (9:44)Reach out to me:
https://www.linkedin.com/in/valerie-laroque-lacp-b569509Infinite Banking Mastery (infinitebankingnorthwest.com)
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Zijn er afleveringen die ontbreken?
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When youâre trying to figure out how much life insurance coverage you should get, you might hear the term âHuman Life Value.â But what does that mean?
If youâre not sure, then this is an episode for you. Iâll explain what it is and how itâs calculated. Iâll also explain different methods you can use to get an idea of how much life insurance coverage you actually need.
Listen now!
Show highlights include:
How insurance companies calculate coverages for age groups. Examples from a real underwriting guide. (1:06) Why a homemaker should have life insurance, even if they donât earn a nickel. (1:59) What âHuman Life Valueâ actually means, and how itâs calculated. (3:57) The â10 Timesâ rule for estimating your life insurance need. Itâs popular, but is it accurate? (4:29) How group life insurance could trick you into miscalculating your coverage needs. (5:36) Do you need life insurance if youâre wealthy and have lots of assets? Hereâs why the answer is usually âYes.â (10:09)Reach out to me:
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com)
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Some people protect their retirement savings from risk while theyâre working, but donât think about how to protect it after they retire.
But this is a mistake, because there are plenty of threats to your income during retirement. If you donât think about them ahead of time, you could be vulnerable when you can least afford to be.
Thatâs why in todayâs episode Iâm sharing the most common threats to your future income. Iâll also help you see your options to protect yourself from these potential risks.
Listen now!
Show highlights include:
Retirement âmoney mythâ that tricks people into saving far less for retirement than they should. (1:22) Frustrating way tax brackets complicate retirement planning, especially if you plan well. (1:40) Biggest risks while saving for retirement, and after youâve retired. (2:36) Why living longer complicates retirement, and how to keep the blessing of longevity from becoming a curse. (2:53) How to shield yourself from unexpected medical expenses that can bleed your savings dry. (4:48) Surprising âTriple Tax Advantagesâ of Health Savings Accounts. (8:27) How married couples can leverage Whole Life insurance to fight inflation in retirement. (10:15) Havenât been saving for retirement? Hereâs why to start today. (11:58) Why you should ignore the âSave 10%â rule, and what to do instead. (12:46)Reach out to me:
https://www.linkedin.com/in/valerie-laroque-lacp-b569509Infinite Banking Mastery (infinitebankingnorthwest.com)
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Planning for future income for that time when you are no longer working or are working less, is important, and with so many options it can be confusing to know what you should do.
And if it werenât hard enough already, it gets even more complicated when you factor in taxes on that income.
Iâm here to help!
Listen now!
Show highlights include:
Have a pension? Three reasons to hang onto this increasingly rare retirement benefit. (1:52) Common Social Security miscalculation couples make that could leave you hurting while heartbroken. (3:16) Why life insurance is critical if youâre depending on Social Security. (4:15) Why your tax bracket matters. (5:56) Todayâs market volatility is bad enough. Now learn about the hungry âmoney monsterâ waiting to eat a chunk of a certain savings account when you retire. (6:57)Reach out to me:
https://www.linkedin.com/in/valerie-laroque-lacp-b569509Infinite Banking Mastery (infinitebankingnorthwest.com)
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You know you can borrow against the cash value of your Whole Life insurance policy. But youâre thinking about a conventional loan like a mortgage or a HELOC. Will your life insurance loan be a red flag to the bank? How much will it matter?
In this episode Iâll explain how the banks really view life insurance loans, and why you shouldnât let one scare you into thinking you couldnât get a conventional loan.
Iâll also share a little more on last weekâs topic to help you appreciate the importance of having your own life insurance policy thatâs yours no matter where you are or what youâre doing.
Listen now!
Show highlights include:
Why youâre skating on thin ice if you only have insurance coverage from your employer. And what to do before you find yourself underwater. (2:07) What to look for in life insurance explained in one minute. (3:25) Fine print to look for so you can know if that Term Life plan is flexible enough to convert into permanent coverage youâll actually want. (3:57) Why banks donât care how much youâve borrowed from your life insurance. (7:29) Unique insurance company practice that confuses loan officers at conventional banks. How to keep it from derailing your loan application. (9:01) How to leverage the benefits of Whole Life insurance and build your credit at the same time. (10:05)Reach out to me:
https://www.linkedin.com/in/valerie-laroque-lacp-b569509Infinite Banking Mastery (infinitebankingnorthwest.com)
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You know life insurance is important, but youâve been putting it off.
Waiting until you can afford a Whole Life policy, instead of just TermâŠ
Or until you can qualify for a better health ratingâŠ
Maybe youâre âon the fenceâ about Infinite Banking and want to sort it all out before putting money into an insurance policy.
Whatever the reason, if you donât have life insurance this episode is for you. Iâll explain why the risks of waiting are so great that not having life insurance is something you need to fix immediately.
Listen now!
Show highlights include:
Now or later? Why you should get life insurance even if youâre still undecided about implementing the Infinite Banking Concept. (1:01) When getting Term Life insurance might be better than a Whole Life policy. (2:32) How Term insurance today can save you a troubling medical exam later. (2:56) Can you get new life insurance after surviving cancer? Maybe, but you shouldnât count on it. (3:10) Why life insurance is critical for small business owners. (5:38) How GoFundMe campaigns fall short, and why you shouldnât depend on them despite their wonderful intentions. (9:32) Surprising reason to get disability coverage, even if it excludes a problem you already have. (10:57) Why locking in coverage at a lower health ratingâand higher premiumâis better than waiting until your health improves. Even if it really does! (12:22)Reach out to me:
https://www.linkedin.com/in/valerie-laroque-lacp-b569509Infinite Banking Mastery (infinitebankingnorthwest.com)
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You know itâs important to have money in the later years of your life. And you might think the conventional wisdom must be the safe way to go.
But you need to listen to this episode first! Iâll explain why following the crowd might be the worst thing you could do, and what to consider before making that decision.
Listen now!
Show highlights include:
Why itâs a mistake to view Whole Life Insurance companies as carbon copies of one another. (1:05) How Whole Life companies are defying the stereotype of being âbehind the timesâ with technology. (1:45) âCo-owner Effectâ you must achieve with a mutual company. Walk away if they donât do this! (2:19) How to lose 30% of your life savings in just one month, without going to Las Vegas. (3:34) Shocking realization from the 2008 market collapse that forever changed my perspective on client advice. (5:02) Simple exercise to counteract stressâs physical impact on your body. (6:01) Pensions are vanishing in the U.S. Hereâs how to make your own. (7:54)Reach out to me:
[email protected]
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com) -
I just returned from this yearâs IBC Think Tank. Not only did I have the privilege of presenting, I also learned from some of the top minds in Infinite Banking today.
Today Iâm sharing the highlights of the event with you, so you can know whatâs relevant in Infinite Banking right now, and be equipped to make good decisions with your financial planning.
Listen now!
Show highlights include:
How Nelson Nashâs first policy proves IBC can work even with a âplainâ whole life policy. (3:22) The two vital components of a âMEC Resistantâ policy so you can avoid a surprise visit from Uncle Sam. (4:17) Dividend Difference: Why dividends arenât identical for Base premiums and Paid-up Additions premiums, and which one is higher. (5:03) Why the âHonest Bankerâ concept isnât just for repaying your loans. (5:54) Are Wall Street âpiratesâ plundering your retirement assets? Shocking facts about the U.S. economy compared to European nations. (8:33) What âbuy term and invest the differenceâ advocates ignore when steering people away from Whole Life insurance. (10:11)Reach out to me:
[email protected]
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com) -
Velocity Banking is getting a lot of attention, and many people are confusing it with Infinite Banking.
While there are similarities, these two concepts have different main goals. In this episode Iâll explain those differences so you can see why, for most people, Infinite Banking is the robust solution. Youâll also learn how Infinite Banking can help you achieve most of what Velocity Banking does, without taking on all the volatility and risk.
Listen now!
Show highlights include:
Why Whole Life insurance remains fundamental to Infinite Banking after all these years. (0:57) The âone track mindâ of Velocity Banking and how this hyperfocus can cut years off your mortgage. (2:57) Rarely-mentioned reason most people considering Velocity Banking would fail if they tried it. (5:09) Big picture considerations ignored by Velocity Banking, but not by Infinite Banking. (6:49) How to use Infinite Banking to get similar results without the risks and headaches of Velocity Banking. (7:15) Why Velocity Banking only works for disciplined consumers, and the disastrous consequences waiting for undisciplined users. (8:23)Reach out to me:
[email protected]
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com) -
Youâve heard some people borrow from their life insurance policy and donât pay it back. And you might be thinking: âIâll do the same thing! Why not?â
Youâll want to listen to this episode because Iâll share why not treating yourself like an honest banker is a bad idea.
Iâll also explain all the repayment options available to you, and what to do if you have a financial hardship and donât think you can repay your loan like you had planned.
Listen now!
Show highlights include:
âRepayment Refresherâ--The many ways to repay your loan and how to set up a loan repayment. (1:47) Loan payment âmagic trickâ for life insurance loans that conventional bank loans canât match. (3:17) Why I donât recommend using dividends to repay your loan, even though you could. (5:15) Moneyâs tight? Canât repay your loan? Try this before surrendering. (5:49) What really happens if you donât repay your loan. (7:01) How reckless borrowing and careless repayment can combine to cost you your policy. (8:32) The tax return nightmare that follows a policy lapse. (9:26) Why the âhonest banker policyâ is the best approach to IBC. (9:54)Reach out to me:
[email protected]
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com) -
You know one of the benefits of an Infinite Banking Concept is the ability to âbe your own bankerâ and borrow against your life insurance policy.
But you might be wondering: âHow exactly do I do that?â
No need to worry, because in this episode Iâll lay it all out for you step-by-step. Iâll also explain why even though it isnât an âinstantâ process, IBC clients still prefer it far more than conventional bank loans.
Listen now!
Show highlights include:
Why you can borrow against Whole Life insurance, but not Term Life. (1:40) What to ask your agent if you arenât sure if you can borrow yet. (2:55) The â95 Ruleâ to quickly estimate how much you can borrow. (3:45) How your agent can often get your funds faster than requesting your loan online. (4:11) Real reason your Whole Life insurance company only sends one statement per year. Hint: It isnât to save paper. (5:28) Want to borrow without paperwork? Itâs possible, but hereâs what you need to know before you try. (6:33) What actually happens with the interest you pay when repaying your loans. (7:42) How long it takes to get the funds you request, and common variables that could make it faster or slower. (9:15) Great loan debate: Small loans more often, or big loans occasionally? The clear winner explained. (10:59) Why clients prefer borrowing against Whole Life insurance instead of traditional loans from a bank. (11:50)Reach out to me:
[email protected]
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com) -
Itâs not uncommon for people to hear about Infinite Banking and think itâs too good to be true. They think there must be some downside!
And while I donât believe there are any actual downsides, there are a few things that could look bad when youâre just starting to learn the ins and outs of IBC.
So, in this episode, Iâm going to walk you through those concerns and explain whatâs actually happening. Iâll help you see there is no âboogeymanâ waiting in the closet to surprise you once you start Infinite Banking. Thereâs just an effective way for you to make your money work better for you and your plans.
Listen now!
Show highlights include:
The one type of person Infinite Banking cannot satisfy. (1:11) Startup Secret: How treating Infinite Banking like a business transforms what looks like a downside into a sensational benefit. (2:44) Why good advisers insist you read Nelson Nashâs Becoming Your Own Banker before meeting with them. (6:54) âPremium Mythâ busted: Why you donât need astronomical premiums for an effective Whole Life policy. (7:34) Real reason Whole Life premiums are higher than Term Life, and why that shouldnât scare you. (8:04) Thinking about IBC but also want investments? Overlooked way to do both instead of just one. (10:30) How to fund a Whole Life policy without a lifetime of premium payments. And how to know if this approach is right for you. (11:09)Reach out to me:
[email protected]
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com) -
Everybody thinks about retirement.
Not everybody thinks about how theyâll have the cash flow they need to enjoy retirement.
Today Iâm here to help you with that. Iâll explain four different options for retirement cash flow so you can see which ones make sense for you.
Listen now!
Show highlights include:
Cash Flow vs. Big Pile of Assets: Which one is better, and how to get them playing on the same team for even better results. (0:48) Potent â1-2 Punchâ Whole Life insurance delivers in retirement years. (1:39) Why borrowing against your Whole Life Insurance cash value in retirement beats loans from commercial banks. (1:50) Simple but proven borrowing strategy to ensure youâll have the cash youâre counting on when you need it most. (2:18) Thinking about partial withdrawals? Here are the âpros and consâ to weigh so you can make the right decision for youself. (3:08) Why Uncle Sam loves it if you terminate your Whole Life Insurance policy. (3:45) Safely navigate the âannuity mazeâ with this high-level overview of the different annuity types. (6:29) How to leverage Whole Life Insurance to easily double your cash-flowing assets. Itâs legal, ethical, and more popular than ever. (8:20) Surprising way a part time job could increase your Social Security benefits by 8 percent each year. And how to decide if itâs worth it. (9:28)Reach out to me:
[email protected]
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com) -
Your savings options are limited if you want to access money tax free: there are Roth IRAs and cash value life insurance.
You wonât know which option is best for you without taking a closer look, so in this episode Iâll give you an honest overview and explain why I always prefer Whole Life insurance.
Listen now!
Show highlights include:
How Whole Life spares you the headaches of calculating income and worrying about restrictions. (4:51) Why a savings account you can access tax free is essential to future proof your finances. (5:51) Is Uncle Sam a good business partner for you? Knowing this one thing will help you decide. (5:59) The â1-2 Punchâ of Whole Life insurance to spare you from market volatility and still gain value. (6:40)Reach out to me:
[email protected]
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com) -
Youâve heard about Index Universal Life (IUL) policies, and the benefits sound great: Who wouldnât like the sound of getting to enjoy (limited) climbs in the stock market while being protected against crashes.
But these policies have real dangers too many people donât know about, like losing cash value or even the policy, and are not great for practicing IBC.
Thankfully you donât have to be one of those people. Because in this episode Iâll tell you what you need to know when considering IULs. Iâll also reveal sneaky things agents have said and done to lure unsuspecting clients so they wonât be able to hook you into something youâll regret.
Listen now!
Show highlights include:
How I went from mesmerized to âwide awakeâ about the reality of IULs. (2:28) Why IULs become a âticking time bombâ ready to blow up when clients need them most. (4:37) The real-life nightmare lurking behind the first policy loan clients took from a IUL. Donât let this debilitating expense surprise you too. (8:38) Experienced attorneyâwith more than 300 cases in four yearsâreveals red flags to look for to keep yourself out of financial harmâs way. (9:44) Simple reason you canât be diversified if youâre only in the stock market. And how to truly diversify instead. (12:28) Shady recommendations used by real agents. Run away if you ever hear these used on you! (13:03) Shocking truth: Why a lot of agents and reps donât really understand the products they sell. (18:33)Reach out to me:
[email protected]
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com) -
Youâve heard the advice: If you can afford it, get a 15-year mortgage because of all the interest youâll save compared to a 30-year mortgage.
Itâs true youâd pay a lot less interest to the bank on a 15-year mortgage, but does that make it the best decision?
In this episode Iâll explain what else you should consider before tying up extra income in a 15-year mortgage, and why in most cases thereâs a better way to approach it through whole life insurance and the Infinite Banking Concept.
Listen now!
Show highlights include:
Half truth: What typical 15-year mortgage advice gets right, and what it misses at the same time. (1:18) How to make more money using IBC than youâd get in saved interest from a 15-year mortgage. (2:20) Why the method that works best mathematically (and doesnât involve whole life insurance) gets wrecked again and again by Parkinsonâs Law. (5:30) The HELOC âmoney mirageâ that could leave you powerless when you need to borrow the most. (7:48) Overlooked reason why paying cash for a big purchase is like lighting money on fire. (8:06) The Great Equity Debate: Head-to-head comparison of home equity vs. whole life equity. (9:41)Reach out to me:
[email protected]
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com) -
You know without financial literacy your kids will become sitting ducks for credit card companies. But when do you start teaching? And how can you do it without boring them?
In this episode Iâll share appropriate ages to begin (and advance) a childâs financial education, key topics to cover, and how to create teachable moments theyâll remember.
Listen now!
Show highlights include:
Why you can start teaching kids about money sooner than you think. (1:46) How Dollar Tree can teach your kids about taxes. (2:06) Forgotten fundamental, rarely taught in school anymore, that shields your child from the allure of credit cards. (3:42) The Great Allowance DebateâWhy giving your child an allowance could leave them unprepared for adulthood. (4:54) Simple â10-10â Rule to teach children about giving and saving. And how one modification makes it great for adults too. (11:23) Double Trouble looming for retirement savings locked up in IRAs or 401Ks. Many donât realize the danger until itâs too late and costs a small fortune. (13:22) Ideal age to give your child Nelson Nashâs book, and how to help them grasp harder concepts. (15:34)Reach out to me:
[email protected]
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com) -
Infinite Banking is meant to help you take control of the banking function of your life, and keep your savings safe from the volatility of financial markets.
But lately some self-proclaimed IBC specialists are setting their clients up with a type of permanent life insurance that looks good on paper, but actually exposes their savings to the same type of uncertainties they were trying to avoid in the first place.
In this episode Iâm sounding the alarm! Iâll explain what these policies are, why the information used to promote them is never an accurate picture, and what you should do to actually keep your savings safe.
Listen now!
Show highlights include:
Agent says heâs an IBC specialist, but wants to hook you onto an Index Universal Life policy. What to know before you take the bait. (0:39) Surprising guarantee tucked into IULs that are a boom for the company, but a bust for your wallet. (4:27) Asset or investment? The best way to look at life insurance, and why approaching it the wrong way is an expensive mistake. (8:37) Why people who hate inflation love Whole Life insurance companies. (11:20)Reach out to me:
[email protected]
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com) -
We might be in a new year, but the important principles Nelson Nash taught in Becoming Your Own Banker remain timeless.
Thatâs why in this episode weâre diving deeper into the book for more important takeaways. Iâll share what Nelson called âThe Golden Rule,â and why treating your whole life insurance plan like a business startup can change your outlook (and results) for the better.
Listen now!
Show highlights include:
âGolden Ruleâ (not the one from the Bible) thatâs crucial to your financial wellbeing. Fail to learn this and youâll always struggle. (2:39) How your feelings keep you in financial prison, even though the door is unlocked. (3:26) Overlooked fact of the U.S. Constitution thatâs a breath of fresh air against suffocating government spending. (4:33) Entitlement trap snaring the country, and why it hamstrings your ability to thrive. (5:31) Why Japanese business philosophy can make your IBC strong from the start and better in the long run. (5:55)Reach out to me:
[email protected]
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
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