BetterWealth with Caleb Guilliams

Learn the early warning signs that preceded Ohio National's demutualization and PHL Variable's collapse, spotted years before the public knew. In this interview, Caleb Guilliams sits down with forensic accountant Tom Gober (Deep Dive Analytics) to break down how secret captives, offshore reinsurance and XOL assets hide trouble on a life insurance company's books.Want to See If Whole Life Insurance Makes Sense for You? Click Here:https://betterwealth.com/go/yt/CPraAU_UmxMWant Us To Review Your Permanent Life Insurance Policy? Click Here:https://betterwealth.com/review/yt/CPraAU_UmxMWant Free Whole Life Insurance Resources & Education? Go Here:https://betterwealth.com/vault/yt/CPraAU_UmxMChapters:00:00 Introduction and Trailer02:36 Ohio National Before the Warning Signs03:21 Captives Showing Up at a Mutual04:44 Why New York Life Stayed Mutual05:51 Why Captives Help a Company Sell07:39 How Captives Inflate Surplus08:30 The Canadian Buyer and the Fallout08:47 Caleb as an Ohio National Agent10:48 What Happened to Policy Performance12:13 Liabilities Hidden, Not Removed12:44 Your Claim Is Only on the Named Insurer14:18 Executives Who Denied the Sale15:00 Captives Exploded Under Private Equity15:46 What PHL Variable Actually Was17:00 The Rate Lock Riders That Broke PHL17:43 Moving PHL Out of the Group18:28 Connecticut Approves Secret Captives19:17 What an XOL Agreement Really Is20:44 Booking XOLs as Admitted Assets23:36 How Black Holes Form in Secret24:09 Golden Gate Refuses to Fund the Hole25:02 Permitted Practices Explained26:40 Why Captive Financials Stay Secret29:43 Conning Report Confirms XOL Problem30:46 Actuaries' List of Excluded Assets31:53 Annuity vs Life Insurance Reserves34:03 What PHL Should Have Done Instead35:24 ACAP's Insolvent Companies Still Open37:02 Pension Risk Transfer Red Flags38:50 Guarantee Association Caps and Delays41:30 Policyholders Are Taking Hidden Risk42:31 Red Flags Shared by Every Failure43:44 Where to Get a Carrier ReportLearn More About BetterWealth: https://betterwealth.com/home/yt/CPraAU_UmxM====================DISCLAIMER: https://bttr.ly/aapolicy*This video is for entertainment purposes only and is not financial or legal advice.Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.

Brad Owens joins Caleb Guilliams to break down ICHRA (now called choice) and how it lets employers cut health insurance costs while giving employees more options.Want to See If Whole Life Insurance Makes Sense for You? Click Here:https://betterwealth.com/go/yt/7lNLEgDG008Want Us To Review Your Permanent Life Insurance Policy? Click Here:https://betterwealth.com/review/yt/7lNLEgDG008Want Free Whole Life Insurance Resources & Education? Go Here:https://betterwealth.com/vault/yt/7lNLEgDG008Learn More About BetterWealth: https://betterwealth.com/home/yt/7lNLEgDG008====================DISCLAIMER: https://bttr.ly/aapolicy*This video is for entertainment purposes only and is not financial or legal advice.Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.

Learn how a 65-year-old can turn $300,000 into roughly $2,000 a month of guaranteed income for life. In this interview, Caleb Guilliams sits down with Dr. Michael Finke of the American College of Financial Services to break down how to cover fixed retirement expenses with annuities and Social Security before investing the rest.Connect with Michael on Linkedin: https://www.linkedin.com/in/michael-finke-8134808Are You a Financial Advisor or Agent? Further Your Education Here: https://www.theamericancollege.eduChapters:00:00 Introduction and Trailer02:02 Why Savers Also Eat Healthier05:05 Investing In Health Before Retirement06:40 Why He Studies Retirement Income09:12 The Economist View Of Retirement Risk11:38 Where The 4% Rule Came From13:37 Why Dave Ramsey's 8% Rule Fails15:19 Sequence Of Returns Risk Explained17:09 The Case For 5% And Flexibility18:31 Bucket vs Annuity Strategies21:29 Using Home Equity And Reverse Mortgages23:38 Why Advisors Resist Annuities25:26 Why Annuity Payouts Are So Generous Now27:18 Cover Fixed Expenses With Annuities28:07 How Insurers Pool Longevity Risk30:18 $2,000 A Month For Every $300,00031:33 How He Builds His Own Retirement Plan33:15 The RMD Effect And Underspending37:01 Ants vs Grasshoppers In Retirement40:43 Die With Zero And Giving While Alive42:38 Can Annuities Help You Live Longer?45:02 Permanent Life Insurance Tax Benefits48:26 Life Insurance As A Permission Slip51:16 Will Longer Lifespans Break Annuities?55:03 Private Equity Owned Insurers Risk57:58 What To Do Before Retirement Age59:01 MYGAs: A CD In An Annuity Wrapper59:55 Mindset: The Best Retirement PredictorLearn More About BetterWealth: https://betterwealth.com/home/yt/YsJyaQrPByY====================DISCLAIMER: https://bttr.ly/aapolicy*This video is for entertainment purposes only and is not financial or legal advice.Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.

Learn how to build the best retirement plans based on your income level as well as how to create a 'super Roth' with as little as $100,000 a year. We walk through the ladder of retirement plans based on wealth status, from the Roth IRA up to cash balance plans and tax-deductible life insurance. In this interview, Caleb Guilliams sits down with Paul Sundin, CPA and founder of Emparion, a company which has been recognized on the highly prestigious Inc. 5000 list of America's fastest-growing private companies.Want to See If Whole Life Insurance Makes Sense for You? Click Here:https://betterwealth.com/go/yt/3SV_CgIIQzUWant To Learn More About Working With Paul? Click Here: https://www.emparion.comChapters:0:00:00 Introduction0:01:43 The Best Tax Advantaged Retirement Accounts0:04:37 Traditional IRA and Roth IRA Basics0:05:58 How the Backdoor Roth Works0:06:40 Why Roth Income Limits Still Exist0:08:56 Funding a Roth for Your Kids0:10:06 SEP IRA: Best Fit and Limits0:12:00 Control Group Rules Explained0:13:33 SIMPLE Plans for Small Teams0:14:51 Solo 401(k): The Bread and Butter Plan0:16:56 Adding a Roth to a Solo 401(k)0:18:30 Safe Harbor 401(k) and Employee Match0:20:16 Mega Backdoor Roth: 3 Components0:24:06 Cash Balance and Defined Benefit Plans0:25:29 Rules for Combining Retirement Plans0:27:30 Will Taxes Really Go Up? Paul's Take0:31:52 How a Defined Benefit Plan Works0:35:43 Why Age and Income Drive Contributions0:37:26 The Tesla Analogy for DB Funding0:40:40 Who Cash Balance Plans Are Built For0:42:36 Your Funding Range and the 50% Kicker0:45:27 Investing Inside a Cash Balance Plan0:49:29 Who Is a Bad Fit for These Plans0:50:26 Life Insurance Inside a 401(k)0:53:40 Rolling an IRA to Buy Life Insurance0:56:22 Why Buy Insurance Inside a Plan0:59:47 Long-Term Care and Section 105 Plans1:03:31 PPLI: The Super Roth Explained1:05:11 Upgrading a Policy With a 1035 ExchangeLearn More About BetterWealth: https://betterwealth.com/home/yt/3SV_CgIIQzU====================DISCLAIMER: https://bttr.ly/aapolicy*This video is for entertainment purposes only and is not financial or legal advice.Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.

Our most complete whole life insurance masterclass: the best moments from our interviews and explainers on how whole life works, how to design a policy, retirement planning and more, all in one video.Want to See If Whole Life Insurance Makes Sense for You? Click Here:https://betterwealth.com/go/yt/GVbtfZlz9F0Want Us To Review Your Permanent Life Insurance Policy? Click Here:https://betterwealth.com/review/yt/GVbtfZlz9F0Want Free Whole Life Insurance Resources & Education? Go Here:https://betterwealth.com/vault/yt/GVbtfZlz9F0Learn More About BetterWealth: https://betterwealth.com/home/yt/GVbtfZlz9F0Chapters: Intro - 0:00 Permanent Vs Term Life Insurance | Bobby Samuelson - 0:59 Tax Benefits of Whole Life Insurance | Karlton Dennis - 11:42 Intro To Retirement Benefits of Whole Life | Tom Wheelwright - 34:04 The IRR (Internal Rate of Return) of Whole Life Insurance | Todd Langford - 42:42 Whole Life Insurance Vs Bonds | Dr. Tom Wall - 1:03:40 The 5 Cons of Whole Life Insurance - 1:16:13 Five Ways To Design Whole Life Insurance - 1:25:19 How To Fix An Old Whole Life Insurance Policy | Alden Armstrong - 1:44:50 When Can You Borrow Against Your Whole Life Policy? - 2:02:54 Buying Real Estate Investments with Whole Life Insurance | Dom Rufran - 2:08:12 Whole Life Insurance For Retirement Planning | Ed Slott - 2:39:42The Volatility Buffer Strategy - 2:57:18 Four Whole Life Insurance In Retirement Case Studies | Walter Young - 3:07:11 How To Pass On Generational Wealth Forever (Waterfall Method) - 3:58:05====================DISCLAIMER: https://bttr.ly/aapolicy*This video is for entertainment purposes only and is not financial or legal advice.Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.