Dave Ramsey Says Buy Term; Brad Does The Math And Brings Receipts

Imagine retirement income that ignores market swings while your heirs receive wealth without a tax surprise. That’s the blueprint we unpack as we walk through how permanent life insurance and lifetime annuities can lock in essentials, create tax-free liquidity, and make your estate plan work harder.

We start by challenging the “returns first” mindset with a simple goal: guarantee the money that pays for your core expenses, then optimize for taxes. Banks and major corporations quietly hold billions in cash value life insurance, using it to build tax-advantaged reserves and fund future obligations. We translate that playbook to a household scale, showing how properly structured permanent policies can deliver increasing death benefits, accessible cash value, and tax-free policy loans. Along the way, we address popular advice to “buy term and invest the rest,” explain why most term policies never pay, and share clear math comparing disappearing premiums with policies that do multiple jobs for decades.

You’ll hear real numbers from personal policies: a funded IUL that built six-figure cash value, increased the death benefit, and projects lifelong, tax-free income via policy loans; a 10-year-pay design targeting a $1 million tax-free benefit to cover future estate and IRA taxes; and riders that unlock cash during chronic or critical illness so you aren’t forced to sell investments in a downturn. We connect the dots between guaranteed annuity income for essentials and life insurance as a tax-free reservoir, reducing sequence risk and keeping more of your money away from the IRS.

If you want a retirement plan that feels calm and deliberate, with income you can count on and a legacy that arrives cleanly to your family, this conversation delivers the steps. Subscribe for more practical strategies, share this with someone planning for retirement, and leave a review with your biggest question about building tax-free income.

To learn more about Brad Pistole and the Ozark Retirement Group, please visit www.ozarksretirement.com 

Transcript

Welcome & Why This Matters

SPEAKER_01 0:11

Welcome to State Money Radio with your host, Brad Pistol. Brad is a retirement income and tax planning certified professional, primarily serving clients in the Midwest, but he's sought after nationally for his expertise in helping people secure their retirement. Mr. Pistol is a licensed life insurance professional in approximately 20 different states, and he specializes in working with people who are near retirement and those who have already retired with wealth management, income planning, and asset protection strategies using life, health, long-term care, and annuity insurance products. And now, here to talk with you about securing your retirement, it's your host, Brad Pistol.

The Missing Piece In Retirement Plans

Guarantees Over Hypotheticals

Contact Details & Free Book Offer

Banks’ Billions In Life Insurance

Why Advisors Rarely Mention It

Fortune 500s Use Life Insurance

Challenging Popular Gurus

Books That Get Taxes To Zero

Personal Policy Walkthrough Begins

The Term Life Problem

Permanent IUL: Structure And Results

SPEAKER_02 1:03

Well, hello, everyone. Thank you so much for joining us today for Safe Money Radio. We're so grateful that you're listening to us on the radio or listening to the podcast. Every single week, it's just such a blessing and an honor to join you and to participate in sharing key retirement planning information with all of our listeners, not only in the Ozarks, but all across the United States. And you know, this morning I was blessed to be asked to participate in a podcast with Tanya Murphan, my real estate agent, and one of her good friends and colleagues, Angie Mullins. It's called the Simply Authentic Podcast, and they just asked me all kinds of retirement planning questions and what people need to be doing to focus on their estate plan and their retirement income plan, whether they're in their 30s, their 40s, their 50s. And so you'll be able to go listen to that. Just go to the Simply Authentic Podcast, and you'll be able to see me in a different environment where instead of me hosting, I'm the guest on the show. And so we had a lot of fun this morning. And part of the topic that we're going to be talking about today came up during that podcast. And I love it how all these things are just connected. So here's what I want to do. Today, I want to share with you what I believe is one of the most important missing pieces in a retirement income plan. Now, this is something that I personally put more than$100,000 a year into, and I've been doing this for more than a decade. But what I've learned in talking with other people, more than 2,000 clients all across the country, this is one of those very last things they ever talk about. And that's either because their financial advisor never mentions it, or because something in their past makes them think that this isn't necessary or they don't need it. But I want to repeat, I put more than$100,000 a year into this specific type of policy, program, account, call it whatever you want, but it is about the estate plan. The income plan, the estate plan, the tax plan, passing on assets to beneficiaries in the most tax-efficient way. So I put my money where my mouth is. And I've personally seen the undeniable power of these accounts. So you're going to want to stick with us for the entire show today because at the end of the show, I'm going to actually walk you through some of my own personal accounts for accounts of mine. I'm going to share the specific details about how these accounts are structured and how they work. So if your current retirement plan is missing this piece of the puzzle, you might want to make changes to implement this into your own plan. And if you do, you can trust me on this. It will change your life and the life of your heirs forever. In fact, there's no other product or account on the planet that I'm aware of that can do these things for you. So you want to stay with us. Now there's a saying in today's world, show me the receipts. People will start talking out both sides of their mouth and making claims and saying this and saying that, and people will say, Show me the receipts. You see, it's one thing to have an opinion, and it's another thing to have an opinion that's based on facts. And I personally like math and science. Math is the only four-letter word in the English language that never lies. Math doesn't lie. I'm not a big fan of theories or past performance hypotheticals when you look at graphs and charts or someone's opinion or what they think. I like guarantees. And that's why I've owned several of the accounts that we're going to talk about today for decades. You see, when it comes to the basic expenses in life like utilities, food, car and homeowners insurance, medical expenses, real estate and property taxes, charitable giving, and things like emergencies, I want to know, not guess, whether or not the money that's going to be needed to cover these expenses will be 100% provided no matter what's going on in the world or in the stock market. And I can accomplish this by using specific financial tools that provide income without exception, no matter what. Now, these would be things like lifetime annuities with income riders and tax-free loans from permanent life insurance policies. You heard me correctly. Some of you may be saying distributions from life insurance policies, well, that only benefits people when you die. That is not true. So you want to stay with us today because distributions from permanent life insurance policies can actually be one of the, if not the most powerful, tax-free weapons that you can use to beat Uncle Sam and to generate the type of income that you want to have in retirement. But now, before we jump into a deep explanation of why I own these products, along with the wealthiest people on the planet, and I'll prove it, my name is Brad Pistol, and I'm the CEO of the Ozarks Retirement Group. I've spent the past two decades helping people just like you protect their life savings, showing them how to build the most tax-efficient retirement income plans for their family. If you would like to find out what my team and I could do to customize an optimized retirement income plan for you and your family, just go to our website, Ozarksretirement.com, and click on the contact us button in the upper right hand corner. Or you can write this number down. You can call us at 866-780 SAFE. That's 866-780-7233. When we get together and meet, I will give you a copy of my best-selling book, Bulletproof, The Safe and Secure Retirement Income Plan. One of the chapters in this book is committed to today's topic. This part of retirement income planning is missed so often by financial advisors, or worst yet, it's purposely not addressed by them because it doesn't benefit them to share it with you. And it happens so often, I just felt the need to commit an entire chapter of my book to it and to talk about it on today's show. So give us a call. I'll give you a personally signed copy of this best-selling book. And while supplies last, I'll give you a copy that's signed by America's IRA expert and CPA from New York, Ed Slot, who wrote the foreword for this book. Again, the number's 866-780-7233, or you can go to Ozarksretirement.com and just click on the contact us button. Now we're going to take a quick break and then we're going to jump right into one of the most important pieces in a retirement income plan that is often left unsaid, untouched, unspoken, and incomplete. Give us a call anytime. There's someone always standing by to take your call. Friends, thank you so much for joining us today. Now, we're going to be talking about one of the most common missing parts of a successful retirement income plan on today's show. So as we get started, I want to ask you a very important question. Have you ever heard of these banks before? Bank of America, Wells Fargo Bank, JP Morgan Chase, PNC Bank, and U.S. Bank? Well, of course you have. That's a rhetorical question. Now, here's another question though. Did you know that all of the banks I just mentioned own the following amounts of permanent life insurance assets? Bank of America$25.2 billion with a B. Wells Fargo Bank 18.4 billion. JP Morgan Chase,$12.8 billion. PNC Bank,$11.4 billion, US Bank,$7.8 billion. Now this is very important. This represents the liquid cash value of these assets, not the full death benefit, which would be significantly larger than the amounts that I just mentioned. In 2025, it was estimated that almost 3,000 U.S. banks held approximately$210 billion in bank-owned life insurance. You see, banks purchase life insurance policies on key employees to fund future benefits like executive compensation plans. And they also do it for general corporate investing, generating tax deferred cash value. A high percentage of large banks, those with over$500 million in assets, use bank-owned life insurance, investing heavily in these strategies. So now you might be wondering, why would a bank own life insurance? And why hasn't anyone ever told you about this? Banks use these accounts as a strategic financial tool, not just for customer policies, but for its own balance sheet holding billions of dollars in tax-free cash value in these policies. And the average financial professional doesn't want you to know about this for one of two reasons. Either they aren't licensed to set up these type of accounts for you, or they would rather keep your assets in a managed money account so they can collect ongoing annual management fees from your accounts that provide their own ongoing income. Friends, it's just that simple. And once you understand this, it will free you to make the best financial decisions for you and your family. Now let's move on from the banks and let's see if you've ever heard of any of these companies. How about General Electric, Procter ⁇ Gamble, ATT, Nestle, General Motors, Johnson ⁇ Johnson, Pfizer, Office Depot, Starbucks, Avon, Comcast, Verizon, Walt Disney, Panera Bread, Lockheed Martin, Nike, CVS, and Harley Davidson. Have you ever heard of any of these companies? Of course you have. And guess what? They own hundreds of billions of dollars in cash value life insurance. Meanwhile, the rest of the world is falling victim to a terrible lie. A lie that is being told by so-called financial experts who host their shows on radio and television and podcasts all over the world. It's the lie that putting your money into a risk-based system like the stock market is always the best way to invest and plan for your future. And the same people will often tell you that you should never own anything, like permanent cash value, life insurance, or annuities. Ever heard of the phrase the wolf's on Wall Street? Of course you have. Where do you think this phrase comes from? And yet these same people will tell you that these products are terrible for you and you should never own them. So here's a great question for you today. Why would the assets owned by the largest and most financially solvent companies in the world be great for them, but terrible for you? Sorry, friends, I'm not buying the lie that is often told by some of the biggest radio and TV personalities that exist. I personally own a significant amount of permanent cash value life insurance, and I can show you exactly why. So stay with me. And if you would like to find out what my team and I could do to customize an optimized retirement income plan for you and your family, just visit our website at Ozarksretirement.com and click on the contact us button in the upper right hand corner. You could also call us at 866-780-7233. I'll give you a copy of my best-selling book, Bulletproof, The Safe and Secure Retirement Income Plan When We Meet. One of the chapters in this book is committed to today's topic. This part of retirement income planning is missed so often by financial advisors, or worst yet, it's purposely not addressed because it doesn't benefit them to share it with you. And it happens so often, I just felt the need to commit an entire chapter to this in my best selling book. So give us a call, and when we meet, I'll personally give you a signed copy. And while supplies last, I'll give you a copy that's signed by America's IRA expert and CPA Ed Slott from New York, who wrote the forward to the book. Our number is 866-780 Safe, or you can go to Ozarksretirement.com and click on the contact us button. Friends on the show today, we've been talking about one of the most common things I find missing from a retirement income plan when I meet with a new potential client. You see, most people have never even had this topic mentioned to them, and they have no idea just how powerful and pivotal this asset is when it comes to building a bulletproof, tax-free, efficient plan. Before the break, I shared the names of several banks and companies who use these assets on a daily basis. They own them. And they don't just dabble in it, they own hundreds of billions of dollars in permanent cash value life insurance assets. Banks like Bank of America, Wells Fargo Bank, JP Morgan Chase, PC Bank, and U.S. Bank, but that's not all. Almost 3,000 banks in the United States use bank-owned life insurance policies in their portfolios. And when you have companies like GE, Proctor Gamble, ATT, Nestle, General Motors, Johnson Johnson, Pfizer, Office Depot, Starbucks, Avon, Comcast, Verizon, Walt Disney, Panera Bread, Lockheed Martin, Nike, CVS, and Harley Davidson who also use these policies, that's when you begin to realize I'm missing something here. What are the extremely wealthy doing that I'm not doing? What is it that they know that I don't know? But before I show you how to use these accounts to protect millions of dollars in assets for myself and for my clients regarding their estate planning, let's look at what some of the so-called experts say about this. On one of Dave Ramsey's websites, they say, quote, just know we don't recommend any type of permanent life insurance, including the universal types. Focus on term life to protect your family. Then use the money you'll save to eliminate debt or build wealth faster, end quote. On the same website, they say, quote, one thing Dave's taught me, and what I teach everyone, is that life insurance only has one job, to replace your income if you die. You only need life insurance while you're building up wealth and wrangling those darling dependents. Since life insurance is only for the short term, you should only buy term life insurance, hence the name. And it needs to be level term. Level just means the premium stays the same every month. As great as term life is, it has an evil cousin called whole life insurance. Whole life lacks all that we love in term life and adds a whole lot that we hate. First, while the coverage lasts your whole life, it can be up to ten times more expensive, and that premium can vary a whole lot over time. Maybe worst of all, whole life mucks up the job of replacing your income by adding in complicated investment options with lousy ROIs, returns on investment. You wouldn't mix up your home or auto insurance with an investment scheme, would you? Neither would I. So keep your life insurance separate from your investments. All of that is why Dave and I teach people to avoid whole life. Instead of whole life, just buy term life and invest the huge savings in a tax advantage retirement account. Now you know how life insurance works and why term is the only way to protect yourself wisely as you work toward becoming self-insured. End quote. Again, that's straight off of one of Dave Ramsey's websites. Now let me first say this for all you Dave lovers out there. Dave has a lot of great things to teach people, but this isn't one of them. If you want help learning how to create a budget and get out of debt, you should listen to Dave. He has some great things to say. But if you want to learn how to become a millionaire many times over and how to provide a windfall of tax-free, life-changing money for you and your family, don't listen to Dave. He misses the boat 100% on this. And trust me, financial experts with their PhDs agree with me on this. He's great with debt reduction. He's terrible with tax-free wealth creation. Here are six books that I would suggest reading that share the facts about the power of life insurance and tax-free accounts. First of all, The Power of Zero: How to Get to the Zero Percent Tax Bracket and Transform Your Retirement by David McKnight. He's been on our show many times. This is a best-selling book that's been, I think, that's been published in like 40 different languages. The Power of Zero by David McKnight. My Family Financial Miracle: A New Way of Thinking to Protect and Control Your Money by Merle Gilly. Here's a fantastic one. Money, Wealth, Life Insurance. How the Wealthy Use Life Insurance as a Tax-Free Personal Bank to Supercharge Their Savings. Friends, this book won't take you 30 minutes to read. Again, listen to this title Money, Wealth, Life Insurance. How the Wealthy Use Life Insurance as a Tax-Free Personal Bank to Supercharge Their Savings. Who Wants to Be a Millionaire by Tom Hegna. Tom's been a guest on the show many times. He is a world-renowned economist. Who Wants to Be a Millionaire was published a couple of years ago. He flew me out to New York to be interviewed about this new book, and he's going to talk about the power of life insurance and how it correlates to your overall financial plan in this book. And then, of course, I would always recommend my two books, both bestsellers, Safe Money Matters and Bulletproof, the Safe and Secure Retirement Income Plan. Each book contains a specific chapter on the power of tax-free income. And this involves Roth IRAs and, of course, permanent cash value life insurance. Now, friends, in the second half of the show today, I'm going to dive deep into some of my own personal policies. I'm going to show you how I structured them, why I own them, and how I use them to leave Uncle Sam 100% on the bench when it comes to my own retirement. If you would like to find out what my team and I could do to customize an optimize retirement plan for you and your family, all you have to do is go to our website, Ozarksretirement.com, and click on the contact us button in the upper right hand corner. Our number is also 866-780-7233. You could call in and tell our operators that you would like a free financial consultation. And when we meet, I will give you a copy of my best-selling book, Bulletproof, The Safe and Secure Retirement Income Plan. One of the chapters in this book is committed to today's topic. And this part of retirement income planning is missed so often. I just felt like it was absolutely necessary to write a specific chapter about it in both of my books. So I realize a lot of you are listening right now from all across the country. I'm licensed in more than 20 states, and maybe you can't drive down to my office and meet with me in person. You could call in or go to Ozarksretirement.com, click on contact us, send me a specific email, and I can email you a copy of my best-selling book, Bulletproof. So just visit our website or give us a call anytime, 866-780 SAFE. That's 866-780-7233, or go to Ozarksretirement.com and click on the contact us button in the upper right hand corner. Friends on the show today, we've been talking about one of the most common things that I find missing from a retirement income plan when I meet with a new potential client. Now, most people have never even had this topic mentioned to them. And normally when I start to mention it, it's like a deer caught in the headlights. They're like, I had no idea this should be part of a retirement income plan. So, since this is the case, I want to show you some personal examples of just how powerful these accounts can be when used properly in a retirement income plan. And I will tell you why I completely disagree with people like Dave Ramsey and Susie Orman who say you should never own permanent cash value life insurance. As a matter of fact, Dave will say that is C R A P. He says it all the time. Sorry for the young listeners out there, we'll spell that out. So let's take a look at four of my own personal life insurance policies. Now, I own 10 of them. We're going to talk about four of them. And two of them are actually term policies, the kind of policies that Dave and his team loves, but two of them are going to be permanent cash value life insurance policies. I actually own three permanent cash value life insurance policies. So let's start with the term policies. Here we go. I opened a 20-year term policy back in 2013 when I was 42 years old. The cost of this policy sounds so cheap.$675 a year, and it provides a$500,000 death benefit to my family if and only if I pass away during this 20-year period. But as you know, term is short for terminate. Or maybe you didn't know that. Did you know what term stands for in a term life insurance policy? It stands for terminate. At the end of the term, the policy will no longer exist. You see, if I live past this first policy's 20-year point, the insurance company will keep all of the premiums they've collected during this 20-year term, and I will receive absolutely zero nada, nothing, no benefit at all from this account. In other words, if I outlived the 20-year term, I will have paid in$13,500 and will receive nothing in return. Now, let's talk about my second-term policy. From 2013 to 2015, my income jumped significantly. My business became ever increasingly successful. I was making more money than I knew what to do with, and I thought I've got to put this money somewhere. My personal need for death protection and income protection jumped. And so I needed more coverage. That's why just two years later, I opened a 30-year term policy this time when I was 44 years old. The cost of this policy is$1,350 a year. And it will provide a$750,000 death benefit to my family. Here's the key, if and only if I pass away during this 30-year period. However, if I live past the 30-year point, which would be age 74 and well under the current life expectancy for a male, the insurance company will keep all of the premiums that they've collected during this 30-year term, and I will receive zero benefit from this account. In other words, if I outlive the 30-year term, I will have paid in on this policy forty thousand five hundred dollars in premiums and I will receive nothing in return. Friends, listen closely. Did you know that it is currently estimated that only one percent of all term policies ever pay out a death benefit to the heirs of the policyholder? One percent. That means you have a one in one hundred chance of getting something out of the money that you paid in to the policy. This is mainly because of three reasons. Number one, the policy owner simply fails to pay their monthly or annual premiums. And 30 days after missing a payment, the policy will be terminated by the life insurance company. So if you're rocking and rolling, but you get busy and you forget or you miss your annual premium notice and more than 30 days pass, it's too late. It's game over. The policy will be closed and you will receive no benefit. Here's number two the policy owner simply changes their mind and decides to move in a different direction. When they cancel the term policy, there is no benefit paid to them, and they lose all of the premiums that they paid into the policy, no matter when that is, one year in, five years in, 15 years in, if they cancel a term policy, there is no benefit to them. Number three, the policy owner outlives the term and refuses to pay the greatly increased premiums that result from the renewed term. This cancels the policy and the owner loses all the premiums they have paid into the policy. Now, if you've been sold the bill of goods that term is the only way to go, never do anything else, you listen to good old Dave and all of his friends or any of the other so-called experts on TV who say term is the only way to go, people like Susie Orman, maybe you should pull out your term policy and look at this what they call cheap premiums and scroll down to the end of your term. If it's a 10-year, look at your 11. If it's a 20-year, look at your 21. If it's a 30-year, look at your 31. And look at the massive jump in premium cost. You see, nearly 100% of the time, the owner of that term policy is not going to renew it. They outlive it, and then they simply let it lapse. So keep in mind, this is the only type of policy that Dave and many others like him suggest you own. They tell you these policies are the most inexpensive policies that exist. They suggest that you buy term and invest the rest. Now let me tell you why I completely disagree with Dave and people like him. In my professional opinion, the most expensive policies are the ones you never benefit from. In my own personal examples from earlier, if I outlive my 20-year term policy and my 30-year term policy, I will have paid in a total of more than$44,000 in premiums that will have benefited me and my family absolutely nothing. I might as well have lit fire to that$44,000. Conversely, if I had invested those same premiums during those 20 and 30-year periods, how much would those accounts be worth if I had them in a retirement account? You see, in very conservative models, the$13,500 I had used to pay premiums on my 20-year policy could be worth about$55,000 after 20 years. I could use these funds for retirement. And if I invested the$40,500 I had used to pay premiums on my 30-year term policy, it could easily be worth$320,000 after 30 years. That's a total of$375,000 in lost account values when compared to flushing my term payments down the toilet because I simply outlived the 20 and 30 year terms. Now, let me show you a much better way to protect yourself by using permanent cash value life insurance. In 2015, the same year I started my$750,000 30-year term policy, I also started a permanent cash value insurance policy known as an IUL, Indexed Universal Life. Dave says to never own anything like this. Even though my monthly payments toward this policy are not considered investing because it's a life insurance policy, let me show you how it works. I chose to set up a$2,500 per month payment into this policy. I could have put the money anywhere, I chose to put it into this policy. This secured me a$635,000 benefit from day one as a death benefit, but it's an increasing death benefit. After 10 years in 2025, this policy had more than$300,000 in cash value built up inside it. And the tax-free death benefit was worth more than$1,050,000. Now, friends, that's an increase of$415,000 in tax-free death benefit in just 10 years. The term policies don't build any cash value. The death benefit doesn't ever increase. And if I outlive the term, I lose all those premiums. In other words, you have to die to benefit from a term policy. Now let's compare that to my permanent cash value IUL policy. It built up more than$300,000 in cash value during those first 10 years. And it increased my tax-free death benefit by$415,000, increasing my benefit all the way up to$1,050,000. Now listen closely to this part. My projections for this policy after 20 years, just 10 years from now, show a possible cash value of more than$600,000, currently double more than it is, with an increased death benefit up to$1,886,000. At age 65, the preferred retirement age for many people, which would be just 21 years after starting this policy, I could choose to stop making the payments of$2,500 per month into the policy, and I can start taking out tax-free monthly payments from the account to supplement my retirement income. The projections, which are very much so on track after the first 10 years, show me being able to take out an annual payment of$78,000 a year tax-free for the rest of my life. I want to say this again. Loans from a properly structured permanent cash value life insurance policy are 100% tax-free. If I were to die at age 78, like my father did, I will have taken out$1,100,624 in tax-free distributions, and my projected remaining death benefit at that time to my family would be$750,000. So let me do some quick math for you as we review. During the 21 years that I made contributions into the policy, I would have contributed$647,000. From age 65 to age 78, I would have taken out$1.1 million in tax-free distributions from the policy. And upon my death, my family would receive the remaining$750,000 death benefit tax-free. That would mean total tax-free distributions of$1,850,624 on a$674,000 deposit. Do you know any type of investment account on the planet that can accomplish this sort of thing? And friends, I'm just getting started with the benefits to a policy like this. Of course, no one knows when they will die. If they did, they would know whether or not to buy a term policy or a permanent policy. If you knew when you were going to die, and if you knew it was going to be during the term of the term policy, then that would definitely be the right choice and the cheapest way to ensure your benefits. But here's the thing: no one, not one single person on this earth knows the day that they're going to die. Hey, it might be one day after you take out the policy, it might be one month later, it might be one year later, it might be 35 years later. But it never expires when it's a permanent cash value life insurance policy. You and your family will benefit from the policy. In our next segment today, I'm going to share one of the more specific examples of how I use permanent cash value insurance to guarantee that my family will receive the inheritance that I want them to receive. This policy also protects me in case of an emergency or a long-term care need. So stay tuned. And if you want to reach out to us, just go to OzarchRetirement.com and click on the contact us button. Okay, friends, let's take a quick look at one more type of permanent life insurance policy that I own. In 2025, I started a new permanent index universal life policy that was set up with three primary purposes in mind. To provide tax-free income to my family when I pass away, to provide chronic illness and critical illness protection, should I ever need it, to pay any estate taxes or taxes that my family will have to pay on the tax-deferred assets that they're going to inherit from me. Things like 401ks and IRAs. Don't forget, when you pass away, Uncle Sam doesn't just alleviate that debt, you pass that tax burden on to your heirs. A permanent life insurance policy with a tax-free death benefit can pay all the taxes on the tax-deferred accounts that you leave your heirs. Now, this new policy that I set up at the very end of 2025 had a$1 million death benefit. The annual premium for this policy is$17,304.89. Now, I set this up purposely as a 10-year annual pay policy. That means that once I've made 10 payments, the policy is paid in full. However, if I pass away at any time during the first 10 years, the policy is considered paid in full at that time, and the full$1 million death benefit will be paid to my heirs. In other words, the maximum amount of premiums I would ever pay into this policy would be$17,304.90. And this$173,048.90 deposit will generate$1,000 in tax-free benefits to my family, even if I live to be 100 years old. This policy and the previously mentioned permanent IUL policy has a very special chronic illness and critical illness writer attached to it. Should I ever need to take distributions from the policy because of a heart attack, stroke, cancer, or other qualified life event, I can access the policy tax-free and take distributions with no penalties. This simply reduces the death benefit by the amount of the distributions that I take from the policy. And this prevents me from having to access taxable distributions from IRAs, 401ks, or other investments that I might not want to liquidate at that time. What if the market was in a downward spiral and I was forced to liquidate things at a terrible time to pay for medical costs? This permanent policy helps me completely avoid that. This is a very powerful feature of a properly structured permanent life insurance policy. These benefits do not exist on term policies. Now, friends, there's so much more that I could go into, but because of time and we're almost out of time, I have to stop right here. But I'll say this in our last segment, I'm going to show you how to determine whether or not a cash value life insurance policy might be right for you or your family by asking you a few simple questions that only you can answer. So stay with us. And if you need our help, if you would like for us to look at your own personal situation and give you a complimentary review, just call us anytime at 866-780-7233 or go to our website at Ozarksretirement.com and click on the contact us button. Friends, as we wrap up the show today, we've been talking about one of the biggest missing ingredients in a retirement income plan. Here are some questions for you. Let's talk about the last segment. When I mentioned my 10-year pay policy, that's a$1 million death benefit, and it's a$17,304. What could you invest$17,304 and$89 in that would generate a$1 million tax-free death benefit to your heirs if you died one day later? Do you know of anything? You hand someone$17,304, die one day later, and your family will 100% get$1 million of tax-free death benefit. Can you think of anything else? What about dying 30 days later? Or how about 11 months later? Do you know of a$17,000 investment that would turn into$1 million tax-free? If so, give me a call. I'd like to know what it is. What could you invest$173,048 into over a 10-year period that is 100% guaranteed to generate$1 million tax-free to you and your heirs, no matter when you die and no matter what happens in the markets for the rest of your life? So let me ask you, would you trade$17,3049 for$1 million? Friends, that's a pretty good trade. Would you trade$173,048 and ninety cents over 10 years for the guarantee of knowing your family is going to receive$1 million in tax-free distributions without exception, with no stress and no worries about the future? As a reminder, this was a very quick discussion about four of my own personal life insurance policies, and I own ten of them. They all have different purposes. This is why some of them are term policies and some of them are permanent policies. So here's the bottom line. So you should be very careful when anyone says you should always or you should never do something. When someone says you should never use permanent life insurance in any circumstance, they are giving you a very uneducated, biased opinion. And that is not in your best interest. There's a reason why almost 3,000 U.S. banks hold approximately$210 billion in bank owned life insurance. There's a reason why I, as a retirement income certified professional and a tax planning certified professional, put more than$100,000 a year of my own hard-earned money into my own personal permanent cash value life insurance policies. We know things the average investor and average advisor doesn't know. And we know what will leave Uncle Sam 100% on the bench. If you want to work with a team of professionals who will always do what's in your best interest, leaving the majority of your hard-earned money in your own pocket and out of Uncle Sam's pocket, just go to Ozarksretirement.com and click on the contact us button in the upper right hand corner. You can also call us anytime at 866-780 SAFE. That's 866-780-7233. Just schedule a free financial consultation. We will take a look at your entire overall retirement income plan. We'll be looking for the loopholes and this and the potholes in the plan to see whether or not you have the right type of policies in place, the right type of accounts, the right type of life insurance coverage, whether or not you have the three-legged stool together, Social Security, pensions, annuities, life insurance, putting together the most tax-efficient plan for you and your family. Go to Ozarksretirement.com, click on Contact Us in the upper right hand corner. Well, I'm about out of time, and I would like to thank you for listening to Safe Money Radio. If you're serious about your financial future, give me a call, and together, we'll get your retirement savings on the fast track to accumulation while reducing exposure to market losses. Thanks for listening, and until next time at the same time, I'm Brad Pistol, reminding you to stay safe so you can step into a secure future.

SPEAKER_01 42:38

You've been listening to Safe Money Radio with your host, Brad Pistole. Find out how to contractually guarantee that your hard-earned money is safe while avoiding market loss so you can have the retirement that you deserve. Call Brad Pistol now for your complimentary Safe Money book and Safe Money Information Kit at 866-780 Safe. That's 866-780-7233. The preceding information does not represent tax, legal, or investment advice. Surrender charges apply to base contracts. Optional lifetime income benefit writers are used to calculate lifetime payments only and are not available for cash surrender or in a death benefit unless specified in the annuity contract. Fees may apply. Guarantees are based on the financial strength and claims paying ability of the insurance company. No information presented today should be acted upon without meeting with a qualified and licensed professional. Obviously, by calling us now, you are just taking the first step towards protecting your retirement. It's important that you read all insurance contract disclosures carefully before making a purchase decision. Rates and returns mentioned on this program are subject to change without notice.