{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"5 Things to Watch for When Buying a Policy (Ep. 367)","description":"Buying a whole life insurance policy for infinite banking? Many agents have no idea what they're actually selling you \u2014 and it could cost you decades of compound growth. In this episode, Mary Jo breaks down the 5 things you MUST check before you sign anything, based on a real client who bought from a local agent instead of coming to her first (and what he got wrong): 1\ufe0f\u20e3 Does it have cash value in Year 1? (If not, you bought traditional whole life \u2014 not a policy designed for infinite banking) 2\ufe0f\u20e3 Is there a Paid-Up Additions (PUA) rider \u2014 and how flexible is it? 3\ufe0f\u20e3 Is there term insurance riding on it, and does the death benefit drop off later? 4\ufe0f\u20e3 Is it a dividend-paying policy, and where are those dividends going? 5\ufe0f\u20e3 Is your agent talking about a "rate of return"? (If so, it's not whole life \u2014 run) Mary Jo also shares the real story of her husband's policy losing $500,000 in death benefit overnight when a level term rider dropped off \u2014 a mistake she now makes sure her clients never repeat. \u23f1\ufe0f TIMESTAMPS 0:00 \u2013 Why Mary Jo won't give advice on a policy she didn't sell you 1:46 \u2013 The 5 things to check before buying a whole life policy 8:12 \u2013 How her husband's policy lost $500K in death benefit overnight 14:35 \u2013 Recap: the 5-point checklist 15:57 \u2013 Why "just tell me how to use it" doesn't work that way Want Mary Jo or John to review an illustration you've already been sold \u2014 or one someone's trying to sell you? Email the show. We'll tell you exactly what to watch for. \ud83d\udcda Grab the books: Farming Without the Bank + Becoming Your Own Banker (bundle available) #InfiniteBanking #WholeLifeInsurance #infinitebankingsystem #infinitebankingconcept Audio Production by Podsworth Media - https:\/\/podsworth.com  ","author_name":"Farming Without the Bank Podcast","author_url":"https:\/\/www.farmingwithoutthebank.com\/","html":"