beyond MD with Dr. Yatin Chadha
beyond MD bridges the gap between medical training and financial literacy.
Led by mid-career Canadian radiologist, Yatin Chadha, beyond MD empowers practicing physicians, medical trainees, and other professionals to build confidence and clarity around money.
Episodes feature interviews with subject experts to help listeners gain knowledge around topics like professional corporations, investing, insurance, pensions, real estate, trusts, and estate planning.
Yatin also frequently interviews his own colleagues to shed light on valuable life and money lessons learned over time.
Tune in to beyond MD (episodes are bi-weekly) to build your financial acumen and live your best life today.
beyond MD with Dr. Yatin Chadha
Ep #117: A Different Perspective on Whole Life Insurance - with Donny Mangos
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I welcome Donny Mangos - father, entrepreneur, author, and podcaster. Donny shares his perspectives on participating whole life (WL) insurance, with a focus on how to optimize policies and use them while alive.
Discussion points:
Donny's intro (2:35)
Broad perspectives on whole life (WL) insurance (4:55)
When Donny begin to learn about WL (6:55)
Quick overview on WL (9:30)
WL attributes for wealth strategy (12:35)
Other aspects of WL (16:00)
Investments, risk (19:35)
Understanding WL through an illustration (27:44)
Growth rates (36:15)
Good vs bad policies (37:35)
Advisors and commissions (40:41)
Must ask questions (43:27)
"In the money" (44:52)
Liquidity (45:42)
Using a corporate policy personally (52:17)
Multiple buckets (55:50)
Personal vs corporate loans (57:48)
Grey areas (59:20)
Who should not do this (1:01:52)
Donny's Links:
Book: https://www.amazon.ca/Get-Wealthed-Up-Build-Mansion/dp/1998528197
Podcast: https://podcasts.apple.com/us/podcast/wealthed-up-with-donny-mangos/id1825202487
Site: https://wealthedup.com/
Email: donny@wealthedup.com
Yatin's Links:
Newsletter: https://www.beyondmd.ca/newsletter
Website: https://www.beyondmd.ca/
LinkedIn: https://www.linkedin.com/in/yatin-chadha/
Email: yatin@beyondmd.ca