Ben Thinks Like a Banker
A funny thing happened. Even though Ben was utilizing banking principles in his life with his whole life policies, he actually had more and more money flowing through actual brick and mortar banks and believe me, the bankers take notice! As the checks Ben deposited from his whole life became larger, the President of Ben’s […]
What Do Banks Buy? (BOLI)
“But wisdom is proved right by her actions.” (Matthew 11:19) Did you know that most financial institutions spend a lot of time and money trying to convince people that whole life is a bad place to hold money? Remember, they spend billions advertising each year, and have an amazing level of control over content that […]
Ben Goes Into Business
Ben was enjoying being a commercial landlord. His decision to make whole life insurance a foundational element of his financial stewardship turned out to be the most important thing he had ever done. Even though he has been totally disabled and lost every asset not protected by law in the lawsuit, he was still able […]
A Real Whole Life Policy’s Returns
“If you are willing and obedient, you will eat the best from the land” (Isaiah 1:19) We became frustrated that the companies were showing such an artificially low projection (as we discussed in the last Whole Life Insurance post) while knowing that they had historically performed much better. So we went to one of the […]
Ben the Investor
Ben was thrilled with the whole life policy he purchased 8 years ago. He now had just over $200,000 of cash value in it. And his original death benefit of just over $1M was now worth $1,538,078, so it seemed to be doing a good job of keeping up with the inflation that was just […]
What is the Internal Rate of Return of a Whole Life Policy?
“Little by little I will drive them out before you, until you have increased enough to take possession of the land.” (Exodus 23:30) Historically, the Internal Rate of Return (IRR) of Whole Life insurance has been very strong and yet, pinpointing the IRR is not as simple to answer as you would think and is […]
Tragedy Strikes Ben, But He Owns a Whole Life Insurance Policy
Everything was going well for Ben and Kim. They had broken free from the groupthink of financial planning that seemed to yo-yo their friends from elation when markets are up, to horror at their savings disappearing when markets are down. Everything was going exactly according to plan with their whole life insurance policy. But this […]
Velocity- the Multiple Benefits of Whole Life Insurance
“Now he who supplies seed to the sower and bread for food will also supply and increase your store of seed and will enlarge the harvest of your righteousness. 11You will be made rich in every way so that you can be generous on every occasion, and through us your generosity will result in thanksgiving […]
Ben Needs a New Car, But He’s Got Whole Life Insurance
Everything has been going according to plan for Ben. After 3 years with his whole life policy, he notices that his car is pretty beat up and starts to think that he needs to get another one soon, or he’ll find himself without one. His situation doesn’t seem too different from before except that instead […]
Differences in Accessibility Between Life Insurance and IRA’s
“Make plans by seeking advice; if you wage war, obtain guidance.” (Proverbs 20:18) The government did not invent life insurance. This is good news to you as an owner of some of it. Because the government did invent all Qualified Plans (such as IRA’s, Roth IRA’s, SEP IRA’s, 401k’s, & 430b’s, etc), there is a […]