Round Table | How Safe is My Cash Value?

How safe is your money? The answer to this question is heavily dependent on where you're putting your money. And that depends on what makes the most sense for your financial situation. For example, if you know how IBC works, you're probably putting most of your money in life insurance where it accumulates cash value, which you can then use as a source of cash flow for investments or other purchases. But how safe is your cash value? That’s what today’s conversation is all about.

Tune in to this round table as the coaches provide insights on the following:

How safe is your money in a traditional bank vs. an insurance company?
What are the potential threats to your money?
What happens if the government changes its rules on cash value?

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Questions for YT:
5:17 - How safe is my cash value?
11:05 - Why is it important to talk about this topic today?
17:42 - What is the FDIC insurance limit for bank accounts?
17:59 - If you have $5 million in cash value, how much would the insurance company guarantee?
18:17 - How are insurance companies able to insure every dollar of your cash value?
19:25 - Outside of FDIC, what do banks have to be able to back up their promise?
21:56 - If we see inflation and higher interest rates, how would insurance companies fare during all of those things? How do we know if that’s safe?
23:55 - What are other areas in which our cash value or any asset is at risk?
29:22 - What are some other potential threats against your money?
33:07 - What if the government changes the rules on cash value? For example, they say it’s no longer tax-free.

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