Episode 341: Base vs. Boost! The Ultimate Ratio for Bank on Yourself®

Not Your Average Financial Podcast™

In this episode, we ask:

• How might you phrase a question?
• Would you like to hear some commonly asked questions?
• Would you like to email us at [e-mail]?
• How much should be put into base premium and how much into paid up additions?
• Who is your Bank on Yourself® Professional?
• Who protects the Bank on Yourself® brand?
• Why is this important?
• What are the three major components?
• Would you like to hear Episode 6?
• What is a base face amount?
• What remains fixed?
• What about guarantees?
• What is the term rider?
• What about converting term riders?
• What is the paid up addition?
• How does the paid up addition affect the death benefit?
• How about an example?
• How are Bank on Yourself® type whole life insurance policies different from traditional, basic whole life insurance policies?
• What happens if you shrink down the face amount?
• What problem could develop?
• Do you have a modified endowment?
• Why add a term rider?
• How much does the term cost?
• What is the benefit of the term rider?
• What accelerates the cash value accumulation?
• What increases the death benefit?
• Would you like to hear Episode 142?
• What are the three components of a good sailboat?
• What about a good balance?
• Who knows how to build this properly?
• Is the base a necessary evil?
• How about a bank account?
• How is the boat designed?
• Where did that YouTube advisor get their credentials?
• What is the reason for the base contract?
• What about dividends?
• What about upkeep?
• What happens later on?
• What about speed and power?
• What happens if income drops?
• What provides instant growth?
• Why is some base important?
• What is a strong blend?
• What happens when you increase your base premium?
• What are the benefits? What are the opportunity costs?
• What likely happens to the dividends?
• Who thinks long range?
• When in your lifetime will you not need money?
• How about an example?
• What about liquidity?
• What happened from year 3 to year 4 in this example?
• Who is paying who for that life insurance policy?
• How can this policy perform incredibly well?
• What about the long-term family business thinking of this Japanese hotel?
• Are you able to think long range?
• Are you thinking about multiple generations?
• When do you want your money to be most efficient?
• What about balancing your base premium with paid up additions properly?
• Are you aware of the risk of a shrinking base / face amount?
• Did you know term riders can be your friend?
• Have you reviewed your existing life insurance policies?
• Who is your Bank on Yourself® Professional?
• What tools have you reviewed?
• What questions do you have?
• What valuable insights might you discover?
• Would you like to ask a question for the mailbag by emailing us at [e-mail]?