EP229: Learning to Invest with Life Insurance: Part 2 - Interview with Joe McCarrie

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When we posted the podcast episode about how we’re starting to learn about investing with life insurance, we were inundated with an influx of questions! Admittedly, we are not experts on this topic. We’re just a family learning as we go.

On this episode, we thought we’d sit down with a life insurance expert to field your questions about securing a whole life insurance plan. Joe McCarrie is know as “the Insurance Guy,” and he was kind enough to help us debunk some of the most commonly held misconceptions about the Infinite Banking Concept. Joe is sharing his golden rule for taking out an insurance policy, as well as the ins and outs of taxes and interest rates. Joe has so much knowledge to share; don’t miss this episode of Investing in Real Estate! 

More About This Show
After we announced that we were looking into investing with life insurance, many of you reached out with questions, comments, and concerns. To be honest, we do not feel qualified enough to answer questions about the finer details of this strategy. Natali has read a couple books on this topic, but we are by no means experts.

That’s why the Insurance Guy is here to help us understand the specifics of investing with life insurance. For many of the objections we’ve received, Joe McCarrie explains that by simply being an informed consumer, most risks can be mitigated.  

As a consumer, it’s important to ensure that you’re working with a reputable company. It is your responsibility to read the policy completely, understand what is covered, and what your deductible is.

As a life insurance professional, Joe’s golden rule is: never allow a client to purchase a policy that is greater than they can afford. There are many ways to tailor a life insurance policy to meet your individual needs; it’s important to understand that this is not a one-size-fits-all approach.

On today’s show, Joe is answering more of your questions about life insurance! We’ll talk about the length of the plan, the cost to borrow, and how the death benefit works. Joe is discussing interest rates, what to look for in a policy, and much more! 

If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.

On this episode you’ll learn:

  • What percentage of the policy can be borrowed?
  • To whom is the interest on a life insurance loan paid?
  • Should you pay off your mortgage with a life insurance policy?
  • Do you get a tax deduction on a life insurance loan?
  • And much more about investing with life insurance!

Episode Resources
EP217: Learning to Invest with Life Insurance: Part 1
The Insurance Guy TV Show
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Contact Joe McCarrie
Call at 610-293-8311
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 The "Insurance Guy" answers more of your questions about life insurance! We talk about the length of the plan, the cost to borrow, and how the death benefit works. Joe is discussing interest rates, what to look for in a policy, and much more!