Nov 12 2024 39 mins 7
Welcome back to another episode of Passive Income Pilots! In this episode, Tait Duryea hosts Rod Zabriskie and Brenyn McConnell from Money Insights to explore how whole life insurance can be a powerful investment tool. They discuss how pilots and high-income earners can use structured whole life policies to build tax-free growth and take policy loans for investments like real estate. You’ll learn how these policies offer a steady 5% return, liquidity for new investments, and options for legacy planning. Rod and Brenyn cover key policy structuring tips, like lump sum vs. monthly contributions, to help you create tax-efficient retirement income.
Rod Zabriskie is the President of Money Insights, where he works directly with clients and leads the team in building a positive, client-focused environment. He began his career in financial services in 2009 after a decade in small business. Rod holds an MBA with an emphasis in entrepreneurship and a degree in Marketing Communications. He and his wife, Jodi, are the proud parents of seven children.
Brenyn McConnell is a senior wealth strategist at Money Insights, specializing in high-cash-value life insurance to boost cash flow and tax benefits for high-income clients. A Utah Valley University graduate, Brenyn entered financial services in 2018 and joined Money Insights in 2020. He focuses on integrating life insurance with alternative investments, helping clients achieve financial growth and legacy goals through customized strategies.
For more resources, including free consultation, visit Money Insights' dedicated page for Passive Income Pilots listeners and check out their recent webinar that illustrates investment strategies with whole life policies.
Show notes:
(0:00) Intro
(01:24) Impact of recent Fed rate cut on investment strategies
(03:18) Whole life insurance as a tool for passive income
(04:30) Explanation of the Investment Optimizer concept
(05:32) Benefits of tax-free growth and policy loans
(10:09) How banks and corporations use similar strategies
(14:43) Lump sum vs. monthly payments for funding policies
(21:08) Deciding between real estate investment vs. life insurance funding
(32:15) Using policies in retirement and legacy planning
(39:01) Outro
Connect with Money Insights:
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*Legal Disclaimer*
The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.
