This episode of The Power of Zero Show is part of David McKnight’s podcast interview with Caleb Guilliams and Tom Wall, PhD.
David touches upon a recent Ernst & Young study where whole life insurance was used as a buffer-type strategy.
When it comes to the “risk continuum”, David sees IUL as slightly on the right side of whole life insurance.
IUL is something worth doing only if you think that risk premium can get you a slightly higher rate of return over time.
David recognizes that IUL has risks but that, in exchange for those risks, you can get somewhat of a higher rate of return.
Whole life policies aren’t something David sees as designed to build money up and then take money out permanently.
One of the reasons why David likes the IUL is because you can find a carrier that gives you a guaranteed 0% loan.
Some may argue that Wade Pfau, who wrote the foreword for David’s latest book, The Guru Gap, prefers whole life instead of IUL.
David’s stated objective is to build up your net worth as effectively as you can.
His suggestion for the accumulation period is to save as well as you can and to mostly invest in stocks.
David explains his preference for IUL over whole life policies.
Mentioned in this episode:
David’s national bestselling book: The Guru Gap: How America’s Financial Gurus Are Leading You Astray, and How to Get Back on Track
PowerOfZero.com (free video series)
@mcknightandco on Twitter
@davidcmcknight on Instagram
David McKnight on YouTube
Get David's Tax-free Tool Kit at taxfreetoolkit.com
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
Las Culturistas with Matt Rogers and Bowen Yang
Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.