Visit our website:<a href="https://www.thewealthwarehousepodcast.com/" rel="noopener noreferrer" target="_blank">https://www.thewealthwarehousepodcast.com/</a>Dave and Paul go back to basics on human life value (HLV), and why most families are dramatically underinsured. They contrast needs-based planning with an HLV approach, share Nelson Nash’s page-24 insight from Becoming Your Own Banker, and explain how to reach full coverage using a blend of whole life and convertible term. You’ll hear simple rules of thumb, real client stories, why death benefits should track your rising “stock,” and the question that reframes everything: “What does my family deserve?”.Becoming Your Own Banker by Nelson Nash:<a href="https://infinitebanking.org/product/becoming-your-own-banker/ref/46/" rel="noopener noreferrer" target="_blank">https://infinitebanking.org/product/becoming-your-own-banker/ref/46/</a>Episode Highlights:00:00 - Episode beginning00:18 - “Porsche vs. Toyota” analogy01:00 - Show open + Germany check-in03:32 - Nelson Nash p.24; IBC framing & defining HLV06:34 - Needs-based planning vs. HLV; most people underinsured13:48 - Simple HLV math (income × years to ~70)15:26 - Strategy: whole life + convertible term; adjust after raises20:48 - Mindset: “What does my family deserve?”; runway reality25:10 - Back to IBC: solve financing → coverage follows29:22 - Episode wrap upABOUT YOUR HOSTS:David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money.David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life.Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a M.A. in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich.As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people.Visit our website:<a href="https://www.thewealthwarehousepodcast.com/" rel="noopener noreferrer" target="_blank">https://www.thewealthwarehousepodcast.com/</a>Catch up with David and Paul, visit the links below!Website:<a href="https://infinitebanking.org/agents/Fugere494" rel="noopener noreferrer" target="_blank"> https://infinitebanking.org/agents/Fugere494</a><a href="https://infinitebanking.org/agents/Befort399" rel="noopener noreferrer" target="_blank"> https://infinitebanking.org/agents/Befort399</a>LinkedIn:<a href="https://www.linkedin.com/in/david-a-befort-jr-09663972/" rel="noopener noreferrer" target="_blank"> https://www.linkedin.com/in/david-a-befort-jr-09663972/</a><a href="https://www.linkedin.com/in/paul-fugere-762021b0/" rel="noopener noreferrer" target="_blank"> https://www.linkedin.com/in/paul-fugere-762021b0/</a>Email:davidandpaul@theibcguys.com

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Episode 193: Infinite Banking: Are You Driving a Porsche but Insuring a Toyota?

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