Sign up to receive email updates
Enter your name and email address below and I'll send you periodic updates about the podcast.
Join your host David Pere and Alex Felice in this episode with guest Will Duffy as he explains why he personally wouldn’t do any of the life insurance policies that are so commonly pitched to people today.
One thing should be known to anyone being sold a life insurance policy: most insurance agents we have today only sell for one company. And if your insurance agent works under one insurance company, for Will, that’s a conflict of interest to be aware of right there.
In this episode, Will talks about the two questions you need to ask when being pitched to a life insurance policy, why the infinite banking concept simply doesn’t work, and why the bank replacement strategy is better than any bank account.
About Joseph Riley
Joe founded Patriot Family Homes to meet the need for affordable, reliable housing in the South, particularly near military bases. A captain in the Army, Joe has deployed with the Ranger Regiment to Afghanistan and Ukraine. He previously served on the National Security Council at the White House
Real Estate Investing 101: https://www.frommilitarytomillionaire…
Outline of the episode:
- [03:52] You can’t get too far researching tax planning without running across life insurance
- [05:52] Will Duffy – on most life insurance policies today
- [10:16] Dissecting the Infinite Banking Concept (IBC)
- [14:18] What is a captive agent?
- [17:03] The red flags with direct recognition policies
- [21:15] What is lost opportunity cost?
- [25:28] The Bank Replacement Strategy
- [30:01] About a family who wants to close an off-market multifamily property and do the bank replacement strategy
- [35:01] David Pere – on making $600 from a whole life insurance policy after five years
- [38:46] When someone’s pitching you life insurance…
Follow The Military Millionaire Podcast’s journey on:
Become A War Room Mastermind Group Member:
Grab your book copy of The No B.S. Guide to Military Life – How to Build Wealth, Get Promoted, and Achieve Greatness, Book by David Pere:
From Zero to One: Real Estate Investing for Beginners:
Grab hold of your 2-Week FREE Trial of Propstream Now:
Sponsor: Real Estate Investing 101: https://www.frommilitarytomillionaire…
Real Estate Investing Course: https://www.frommilitarytomillionaire…
Recommended books and tools: https://www.frommilitarytomillionaire…
Become an investor: https://www.frommilitarytomillionaire…
THIS SITE IS INDEPENDENTLY OWNED AND OPERATED. ALL OPINIONS EXPRESSED HEREIN ARE MY OWN. THE VIEWS EXPRESSED ON THIS SITE ARE THOSE OF THE AUTHOR OR THE AUTHOR’S INVITED GUEST POSTERS, AND MAY NOT REFLECT THE VIEWS OF THE US GOVERNMENT, THE DEPARTMENT OF DEFENSE, OR THE UNITED STATES MARINE CORPS.