Purchasing a Whole Life Insurance Policy on a Keyman or Loved One
Jake & Gino: Real Estate Investing & Multifamily
Jake & Gino
4.9 • 842 Ratings
🗓️ 15 September 2021
⏱️ 22 minutes
🔗️ Recording | iTunes | RSS
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| 0:00.0 | Hello, everybody, and welcome to the 100-year real estate investor. We're your host, |
| 0:10.4 | Jake and Gino, and this is the show dedicated to long-term personal financial engineering. |
| 0:15.8 | Gino, how's it going? Jake, I'm doing great today. How you doing? |
| 0:18.3 | Always making it happen, big man. Today's guest is Kristen Kolkla. She is a 100-year REIT member who specializes in the dual asset strategy. |
| 0:28.1 | She has an uncanny ability to connect with her clients at a high level with their outside |
| 0:33.3 | the box thinking around money in order to create unique solutions that meet their objectives. |
| 0:38.4 | Love that. |
| 0:39.3 | You know, that's customer service 101, creative thinking solutions oriented. |
| 0:43.3 | That's why we love Kristen. |
| 0:44.4 | So without further ado, Kristen, welcome the show. |
| 0:46.4 | Thank you, Jake. |
| 0:47.1 | Okay, today I would like to discuss how each whole life policy is its own unique vehicle. |
| 0:54.0 | And they don't necessarily need to be on you or you or me, right? |
| 0:57.7 | They are each their own vehicle. So can you expand upon that for the listeners? |
| 1:02.9 | Right. So, you know, most people when they think about purchasing life insurance, they think about insuring themselves. |
| 1:07.4 | But there's a lot of reasons to purchase a life insurance policy on someone |
| 1:11.6 | else. And especially for a real estate investor, a business owner, an entrepreneur, there can be an |
| 1:17.9 | amazing reason to purchase a policy on your business partner or key employees. That's a great point, |
| 1:24.1 | Kristen. And I like to add to that, if you become uninsurable, you can always get one on your spouse |
| 1:28.9 | or significant other or children also. |
| 1:31.2 | So don't think that you're out of luck if you can't buy it on yourself. |
| 1:35.5 | Exactly. |
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