Episode 92: The Power to Life Insurance and Maximizing Wealth to Protect Your Future with Ian George

Ian George is an asset protection specialist who uses life insurance and other forms of protection to help people maximize their wealth. In this episode, we dive deep into the world of life insurance and the different policies available to the consumers. Learn the differences between term life, whole life, and universal life insurance policies.

This episode is a must-listen for anyone looking to learn more about life insurance and the different options available for wealth planning.

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Key Talking Points of the Episode

00:00 Introduction

02:19 What are the three basic types of life insurance policies?

05:33 What is the differences between term life, whole life, and universal life insurance policies?

16:07 Why Whole life policies are usually the most expensive?

16:45 Universal life policies have flexible or adjustable premiums

17:19 The purpose of policies depends on the individual's needs

17:43 Couple of ways to do buy-sell agreements

19:39 The average life cycle of applying for and issuing a policy

29:26 Benefits of funding a permanent policy

34:18 Permanent life insurance offers flexibility and different options for wealth planning

35:12 Leveraging the death benefit of a permanent life insurance policy

39:15 Permanent life insurance policies as employees bonus or deferred compensation program

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Quotables

“I focus on using strategies of life insurance and other forms of protection to help maximize people's wealth, both living and for legacy plans. So, not only you have to maximizing what you can do today, but maximizing what you're leaving behind”

"You can't pay just the mortality charges and expect to have money in that bucket down the road."

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Connect With The Guest

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Website: https://www.massmutualbrokerage.com/Ian-George

Website: https://pittsburgh.massmutual.com/

Email: igeorge@financialguide.com

LinkedIn: https://www.linkedin.com/in/dallas-tanner-94933737/

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