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Ep. 82 - Taxes, 7702, and IBC Scam Accusations

Farming Without the Bank Podcast

Release Date: 02/19/2021

Ep. 152 - Policy Structure to Create a Warehouse of Wealth show art Ep. 152 - Policy Structure to Create a Warehouse of Wealth

Farming Without the Bank Podcast

There are many ways to structure a policy, and I break it down to three basic ways here and explain why long-term may be better than short-term access.

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Ep. 151 - Who, Not How show art Ep. 151 - Who, Not How

Farming Without the Bank Podcast

How can you grow your business with all the right people and have them as an asset and not a liability?

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Ep. 150 - Caring for Parents Isn't Easy show art Ep. 150 - Caring for Parents Isn't Easy

Farming Without the Bank Podcast

Those who live closest to mom and dad are the ones who end up caring for them, and those who live far away don't understand the mental, physical, emotional, and economic toll this takes on the caregivers.

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Ep. 149 - Characters in the Play show art Ep. 149 - Characters in the Play

Farming Without the Bank Podcast

Nelson addresses this in the book, talking about being the bank owner, lender, and borrow, and why that is important... but I challenge you to look at this with every aspect of your life and why it's important.

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Ep. 148 - What to Tell the Banks show art Ep. 148 - What to Tell the Banks

Farming Without the Bank Podcast

Bankers will ask why you have so much life insurance or comment that your premium is too high, and many folks are asking me how we should respond. Let's address that, because there is not a simple answer.

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Ep. 147 - What Happens If I Die? show art Ep. 147 - What Happens If I Die?

Farming Without the Bank Podcast

Clients are asking, and I am prepared... as best I can be for you all to be taken care of.

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Ep. 146 - Where is Your Money Going? show art Ep. 146 - Where is Your Money Going?

Farming Without the Bank Podcast

Many are making decent money, but when I meet with them, I find out they have nothing saved. So the questions comes up, where is your money going? Nelson, talks about Parkinson's Law in his book, and we must seriously examine Parkinson's Law and beat it if we want to get ahead in life. Using money correctly and paying attention to it is what wealthy people do.

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Ep. 145 - Client Interview: Lincoln Pochop show art Ep. 145 - Client Interview: Lincoln Pochop

Farming Without the Bank Podcast

Fun interview with Lincoln going over his direct to consumer start, what he's using the policy for, and why he moved his policy to an agent who understands farming and IBC.

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Ep. 144 - Premium Finance and Market Falls Hurting Life Insurance show art Ep. 144 - Premium Finance and Market Falls Hurting Life Insurance

Farming Without the Bank Podcast

We've talked about it before, but let's look again at what estate planners/agents are trying to do to save farms by borrowing against the land to pay premiums. This is so risky, and I have some actual numbers to share as to why this is not going to work.

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Ep. 143 - Universal, Variable, and Indexed Life Insurance show art Ep. 143 - Universal, Variable, and Indexed Life Insurance

Farming Without the Bank Podcast

A breakdown of what the difference is between whole life and universal type policies.

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More Episodes

In this episode, I address what you can and can't write off on your taxes by using the policy, tax code 7702 changes, and how that will affect the policies going forward. I also address the video done by a certain talking head (you probably know who) regarding IBC being a scam. Enjoy!

Audio Production by Podsworth Media.