In this episode, your hosts, Jason and Scott discuss:Prioritizing beneficiaries and insuring oneself first in infinite bankingThe strategy for selecting whom to insure for life insurance and its implicationsDistributing life insurance policy benefits among family and creating intergenerational wealthDistinguishing between term and whole life insurance, and the benefits of eachLeveraging whole life insurance for financial stability and as a recession safety netKey Takeaways:Insure the primary breadwinner before extending coverage to family members to establish a robust financial foundation, which is crucial for maintaining the family's standard of living in the event of unforeseen circumstances.By understanding who can take out policies on whom and how to navigate beneficiary designations, families can create a legacy of financial security and prosperity.Whole life insurance should be seen not just as a "death benefit" but as a dynamic financial tool that offers living benefits.Smart financial strategies emphasize the importance of preparing for economic uncertainty. Beyond being merely a financial strategy, Infinite Banking represents a shift in mindset that enables individuals to take charge of their financial journey."Most of what people know out there is not life insurance. It's death insurance.” — Jason HendersonConnect with Jason and Scott:Website:     https://henderxcapital.com/masteryourmillionsX (Twitter): @MasterYourMs https://twitter.com/MasterYourMs Facebook:  https://www.facebook.com/groups/realestateinvestorsofutah Instagram: @henderxcapital https://www.instagram.com/henderxcapital/         @jasonihenderson https://www.instagram.com/jason.henderson/ Email: [email protected], [email protected]

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