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Frequently Asked Questions
Breakaway Wealth Podcast
English - January 26, 2021 08:00 - 29 minutes - 40.8 MB - ★★★★★ - 48 ratingsInvesting Business 1000x 10xthinking mindset abundance actlikeabank infinite infinitebanking midastouch participatorysport richdadthinking Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Real Clients Real Stories: Bobby Keller, Taking the First Step
Next Episode: Troy Fullwood: Investing in Debt
In this episode Jim Oliver and Nick Kosko address:
Three Frequently Asked Questions
1. What is the Consolidated Appropriations Act (CAA) and how does it affect whole life insurance policies?
2. Why do we advise variable loan rates rather than fixed?
3. Is it a cost or opportunity to start an IBC policy?
Key Takeaways:
Insurance companies are still taking in new information when it comes to the CAA and companies are deciding what changes, if any, will take place. Variable rate loans are non-direct recognition. The number of loans you take out won't affect your dividends. The more money you have moving, the quicker you build your wealth
"The policy is not the focus. Your behavior is more important than the policy" -- Jim Oliver
Links Mentioned in This Podcast:
“10 Minute Lesson in Life Insurance” : https://youtu.be/0cgjGjGRINc
“$10,000 in motion” : https://youtu.be/YQ3z_JU6Pf0
Connect with Jim Oliver:
Facebook: CreateTailwind & Jim Oliver
Website: CreateTailwind.com
YouTube: CreateTailwind
LinkedIn: Jim Oliver