beyond MD with Dr. Yatin Chadha

Ep #117: A Different Perspective on Whole Life Insurance - with Donny Mangos

Season 1 Episode 117

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0:00 | 1:09:14

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 (37:18)

Good vs bad policies (38:37)

Advisors and commissions (41:44)

Must ask questions (44:29)

"In the money" (45:54)

Liquidity (46:44)

Using a corporate policy personally (53:19)

Multiple buckets (56:52)

Personal vs corporate loans (58:50)

Grey areas (1:00:22)

Who should not do this (1:02:54)


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