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תוכן מסופק על ידי John Montoya, John D. Perrings, John Montoya, and John D. Perrings. כל תוכן הפודקאסטים כולל פרקים, גרפיקה ותיאורי פודקאסטים מועלים ומסופקים ישירות על ידי John Montoya, John D. Perrings, John Montoya, and John D. Perrings או שותף פלטפורמת הפודקאסט שלו. אם אתה מאמין שמישהו משתמש ביצירה שלך המוגנת בזכויות יוצרים ללא רשותך, אתה יכול לעקוב אחר התהליך המתואר כאן https://he.player.fm/legal.
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67: 1035 Exchanges and Infinite Banking

38:11
 
שתפו
 

Manage episode 362629870 series 2926696
תוכן מסופק על ידי John Montoya, John D. Perrings, John Montoya, and John D. Perrings. כל תוכן הפודקאסטים כולל פרקים, גרפיקה ותיאורי פודקאסטים מועלים ומסופקים ישירות על ידי John Montoya, John D. Perrings, John Montoya, and John D. Perrings או שותף פלטפורמת הפודקאסט שלו. אם אתה מאמין שמישהו משתמש ביצירה שלך המוגנת בזכויות יוצרים ללא רשותך, אתה יכול לעקוב אחר התהליך המתואר כאן https://he.player.fm/legal.

Stop wasting hours on YouTube trying to piece together the information you want about The Infinite Banking Concept.

Use code "PODCAST" to get 50% off of our soup-to-nuts online course:

IBC MASTERY

Main Episode Description

Real estate investors are familiar with the idea of a 1031 exchange that allows them to exchange like-for-like value from one real estate asset to another without paying capital gains tax. Similarly, you can exchange permanent life insurance polices using a 1035 exchange without creating a tax obligation.

While 1031 and 1035 exchanges are similar in spirit, because life insurance is an actuarial product, there are unique and significant tradeoffs that need to be considered when exchanging life insurance policies.

Episode Highlights:

0:00 - Introduction

0:30 - Exchanging to get an "IBC Policy"

1:04 - What is a 1035 Exchange?

1:45 - Everything is a tradeoff

2:00 - How is a 1035 Exchange done?

5:09 - Can the existing advisor hold this up?

6:00 - Why would someone do a 1035 Exchange?

7:30 - Rule of thumb is to NOT to exchange a policy

8:23 - Analyzing the decision to exchange

12:35 - Misunderstandings and misconceptions of 1035 Exchanges

19:35 - You must be your own advocate. Is there any reason not to check back with your original Agent?

22:15 - There are many options in life insurance. Don't get caught up with random details justifying an exchange

23:00 - Nelson Nash Institute - A higher level of professionalism

23:55 - Sales commissions

26:35 - Good reasons to exchange (whole life to whole life)

29:33 - Exchanging from IUL/VUL to whole life (Reference Episode 37)

33:40 - Taking back control and guarantees with whole life insurance - A peaceful state of mind

35:05 - Becoming your own banker - there is only one true "permanent" life insurance and that's whole life

Wrap up

GET IN TOUCH

About Your Hosts:

Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!

John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998 and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.

John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.

Connect with us

If you'd like to see how to apply these principles to your specific situation, get in touch.

Schedule a free, no-obligation 30 minute consultation with us today!

  continue reading

96 פרקים

Artwork
iconשתפו
 
Manage episode 362629870 series 2926696
תוכן מסופק על ידי John Montoya, John D. Perrings, John Montoya, and John D. Perrings. כל תוכן הפודקאסטים כולל פרקים, גרפיקה ותיאורי פודקאסטים מועלים ומסופקים ישירות על ידי John Montoya, John D. Perrings, John Montoya, and John D. Perrings או שותף פלטפורמת הפודקאסט שלו. אם אתה מאמין שמישהו משתמש ביצירה שלך המוגנת בזכויות יוצרים ללא רשותך, אתה יכול לעקוב אחר התהליך המתואר כאן https://he.player.fm/legal.

Stop wasting hours on YouTube trying to piece together the information you want about The Infinite Banking Concept.

Use code "PODCAST" to get 50% off of our soup-to-nuts online course:

IBC MASTERY

Main Episode Description

Real estate investors are familiar with the idea of a 1031 exchange that allows them to exchange like-for-like value from one real estate asset to another without paying capital gains tax. Similarly, you can exchange permanent life insurance polices using a 1035 exchange without creating a tax obligation.

While 1031 and 1035 exchanges are similar in spirit, because life insurance is an actuarial product, there are unique and significant tradeoffs that need to be considered when exchanging life insurance policies.

Episode Highlights:

0:00 - Introduction

0:30 - Exchanging to get an "IBC Policy"

1:04 - What is a 1035 Exchange?

1:45 - Everything is a tradeoff

2:00 - How is a 1035 Exchange done?

5:09 - Can the existing advisor hold this up?

6:00 - Why would someone do a 1035 Exchange?

7:30 - Rule of thumb is to NOT to exchange a policy

8:23 - Analyzing the decision to exchange

12:35 - Misunderstandings and misconceptions of 1035 Exchanges

19:35 - You must be your own advocate. Is there any reason not to check back with your original Agent?

22:15 - There are many options in life insurance. Don't get caught up with random details justifying an exchange

23:00 - Nelson Nash Institute - A higher level of professionalism

23:55 - Sales commissions

26:35 - Good reasons to exchange (whole life to whole life)

29:33 - Exchanging from IUL/VUL to whole life (Reference Episode 37)

33:40 - Taking back control and guarantees with whole life insurance - A peaceful state of mind

35:05 - Becoming your own banker - there is only one true "permanent" life insurance and that's whole life

Wrap up

GET IN TOUCH

About Your Hosts:

Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!

John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998 and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.

John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.

Connect with us

If you'd like to see how to apply these principles to your specific situation, get in touch.

Schedule a free, no-obligation 30 minute consultation with us today!

  continue reading

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