061: Dissecting Whole Life Insurance with Kim Butler

Kim Butler is the Founder and CEO of Partners for ProsperityTM , LLC. She has shunned common financial products in favor of alternative investments, private lending and life insurance.

Her main focus is outside of the typical financial planning “box”. Kim is also a Co-founder of The Prosperity Economics Movement. She is known as a decisive thought and action leader. Her awards include Investopedia Most Influential Advisor in 2017 and 2018.

Here are the questions for the podcast:

• What are different types of life insurance policies?
• Why do you recommend whole life insurance policy?
• I have been told you get 80% of the paid amount as loan in the first 5 years and then you should be able to borrow most of it out. Is this true?
• What are some of the things to look out for before signing up for whole life policy?
• Once you have acquired a policy , how to read a policy or in-force illustration?
• How policy loans work and when one should and one should not take it out as loan?
• Define C.L.U.E.
• What to know about taxation?

To learn more about the discussion, you can watch the podcast on Wealth Matter’s YouTube channel or contact Alpesh here.