Have you ever seen the 1991 movie, Other People’s Money, starring Danny DeVito, Gregory Peck and Penelope Ann Miller? The wealthy use other people’s money, and to the point, institutional banking money. The discounted dollars of life insurance and its tax advantages are legendary among the CFOs and tax attorneys in corporate America. Borrowing life insurance premiums just adds to the economic leverage of high-net-worth clients willing to use the power of their credit line.
Steve and Bruce introduce you to the economic impact of leveraging credit and increasing the internal rate of return using life insurance. Steve Savant hosts the weekly TV/Radio and Internet consumer talk show One for the Money, as well as the daily Internet talk show, The Business Insurance Zone. Steve is a national financial columnist, blogger and money color commentator. Steve’s special guest is Bruce Haydu, CFP.
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Steve Savant is the host of the daily producer show, Let’s Get Down to Business, and the weekly consumer show, Steve Savant’s Money, the Name of the Game. Both shows are sponsored by Ash Brokerage. Steve is the number one online author and videographer of insurance content. During his 30-year... More
Steve Savant recently shared that Average premium hike is 76% in states without federal subsidies – Avalere Health. But states with subsidies qualify on the basis of MAGI, not AGI which may disqualify many from federal credits.