270 episodes

Wealth Talks podcast is an educational podcast that helps you build Wealth in all areas of your life. Increase your Financial IQ, develop personal growth, and create a lasting legacy all while getting exposed to the strategies that successful people are using. You’ll get actionable strategies and intelligence that you can immediately put to use to start creating real and lasting generational wealth. See more on our website: https://www.life-benefits.com/podcasts

Wealth Talks Dr. Tom McFie

    • Investing
    • 2.0, 1 Rating

Wealth Talks podcast is an educational podcast that helps you build Wealth in all areas of your life. Increase your Financial IQ, develop personal growth, and create a lasting legacy all while getting exposed to the strategies that successful people are using. You’ll get actionable strategies and intelligence that you can immediately put to use to start creating real and lasting generational wealth. See more on our website: https://www.life-benefits.com/podcasts

    The Case for Universal Life Insurance vs Whole Life

    The Case for Universal Life Insurance vs Whole Life

    Universal Life Insurance and especially Indexed Universal Life Insurance (IUL) is a relatively new type of insurance, and one which has created a lot of controversy. Some almost swear by it, others just as vehemently oppose it. Some like it because they say it allows them to still dabble in the market, while retaining a death benefit. Others detest it because it shifts the risk away from the insurance company onto the policyholder.
    Today on Wealth Talks, Tom and John take a look at some common arguments for Indexed Universal Life Insurance. Does the case for IUL have a leg to stand on? Listen Now!
    Resources:
    Indexed Universal Life Insurance (IUL): How It Works And What You Need To Know
    Do You Have A Friend Selling Indexed Universal Life Insurance

    • 24 min
    Is Social Security Bankrupt

    Is Social Security Bankrupt

    Originally called “old-age insurance protection”, Social Security was supposed to be a supplemental form of income for those who had not saved enough. Today Social Security has become the primary source of income for many retirees.
    Social Security gets the money it pays out by taxing people who are still working and also by taxing its own payouts! But there will come a time when Social Security has to pay out more than what they bring in. Social Security will then be “bankrupt.” What exactly does this mean and what will probably happen at this time?
    Listen Now!
    Resources:
    Internal Real Rates of Return for Social Security
    3 Things You Can Do to Becoming Wealthier - 57-page Guide
     
     

    • 19 min
    Why would anyone want to be a banker?

    Why would anyone want to be a banker?

    We’ve probably all heard the term Becoming Your Own Banker. Why would anyone want to be a banker? Aren’t bankers the professionals? Why not just let them manage all the money?
    Today on WealthTalks Tom and John share some very interesting and astounding, numbers. At the end of this podcast you will not only realize exactly why you should manage your own money, you will also know how.
    Listen to the episode now!

    • 14 min
    Back to the Basics

    Back to the Basics

    A brilliant Chemist once said he enjoyed going back and teaching Chemistry 101. Why would he enjoy teaching something that was obviously elementary for him? The answer was simple. Going back to the basics for a time helped him be more creative when he went back to his other chemistry work.
    Today on Wealth Talks, Tom and John go back to the basics, Insurance 101 if you will. Not only is this a great staring point for newbies, but, just like Chemistry 101, its a great refresh for those who are advanced. Listen Now
     
    Resources:
     
    Winning Your Financial GAME & Study Guide
    Prescription for Wealth ebook & audiobook
    Financial Class Recording

    • 19 min
    Are Life Insurance Companies still willing to sell Life Insurance due to COVID19?

    Are Life Insurance Companies still willing to sell Life Insurance due to COVID19?

    Recently a few articles have made their way into the news about Insurance Companies turning down would be purchasers due to the COVID19 Pandemic. Perhaps the Wall Street Journal put it best stating “Some Americans are being turned away trying to buy Life Insurance”.
    Today, Dan Foley, Senior Vice President of Marketing Technology with Security Mutual Life, joins the show to talk about what exactly is happening with the Insurance companies.
    Security Mutual started in 1886 in New York. Now they sell insurance in all fifty states, the District of Columbia, and the US Virgin Islands. 38 years ago, Dan Foley joined them, starting work in the company’s actuarial science department. Dan Foley really knows his stuff! You do not want to miss this interview.

    • 27 min
    Are Life Insurance Companies strong coming out of the COVID Pandemic

    Are Life Insurance Companies strong coming out of the COVID Pandemic

    Recently there have been some sensational articles in the media suggesting life insurance companies are facing tough times with the financial crisis combined with COVID-19.
     
    Special guest Attorney Andrew Rinn, also the Vice President of Advanced Markets at Ameritas, joins us to share an inside perspective on what’s really happening at mutual life insurance companies right now. It is fascinating to hear how life insurance companies (especially mutual companies with strong cash positions and a low debt ratio) are in a position to obtain nice deals in the current bond market.
     
    Underwriting procedures and virtual research have also been upgraded to minimize paramedic requirements for new policies. Life insurance guarantees are always important - never more so than during these times. It’s good to hear how mutual insurance companies like Ameritas are putting their policy holders first - keeping guarantees strong and recognizing liquidity needs through policy loans.
     
    Thank you for sharing, Mr. Rinn!

    • 24 min

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