Insurance [6/7 Series] – Tom Wheelwright & Kim Butler - The WealthAbility Show

The WealthAbility Show #141: Have you considered the benefits of investing in life insurance? Or how the different functions can uniquely alleviate stress for our loved ones? In this episode, Kim Butler joins Tom in exploring the world of life insurance, how it all works and benefits business, society, and our families.


Order Tom’s new book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/


04:10 – What are some primary and secondary functions of life insurance? What makes it unique?
09:33 – What is the difference between “Term Life Insurance” and “Whole Life Insurance”?
16:14 – Why is life insurance tax free?
19:00 – What are the functions and benefits of the death benefit? How does it alleviate stress for our families?
23:00 – What are the basics of life benefits?
26:38 – What is the negative side of borrowing from it? How do you borrow properly? How does this apply to taxes?
33:40 – What is Kim’s biggest recommendation?
39:17 – What is the important distinction between mutual and stock companies?
41:35 – Tips and first steps towards life insurance.

Looking for more on Kim Butler?

Websites: http://prosperitythinkers.com/Insurance
http://prosperitythinkers.com/tom
Book: “Perpetual Wealth: How to Use “Family Financing” to Build Prosperity and Leave a Legacy for Generations”


Tom Wheelwright, #CPA is a Best-Selling Author, Entrepreneur & Worldwide Authority on Tax. https://wealthability.com/tom/


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