Curtis talks in this episode with Mark Bertrang, who wrote a book about investments and life insurance assets. He also talks about the worst-case scenario in real estate and what are assets and liabilities.
Curtis's motto is that what you learn today and how you position yourself will determine your future financial well-being 5, 10, 20 years from today. To learn more about how to manage your wealth in a practical way, visit www.practicalwealthadvisors.com
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Show Notes
- How Curtis and me at the Summit for Prosperity Economics Advisors - 1:10
- Mark's Background - 2:27
- Mark and Curtis talk about the life insurance policy - 4:40
- How to help the children of a person who passed away - 5:55
- Mark shares a few stories of people that died and what their family did with the life insurance - 7:47
- Why every situation is unique - 9:18
- They talk about their first death claim as agents - 12:32
- What happens if a person dies in the first two years? -14:33
- Mark tells us another story of life insurance policy - 16:04
- The worst-case scenario in real estate - 19:17
- What are assets and liabilities? - 21:17
- How we take care family - 23:51
- What is whole life insurance? - 28:25
- Life Insurance Value and Human Life Value - 29:04
- Negotiating with the Life Insurance Company - 36:31
- Mark recommends advisors to not practice law - 40:06
- Mark gives recommendations to his clients - 41:17
- Raising other people's kids costs money - 45:27
- You have to have the money first - 46:48
- At what age people become a widow - 48:00
- They talk about Mark's Book - 50:54
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