Whole Life Insurance 101: What You Need to Know for a Secure Future w/Tom Wall

Money School Podcast

Why does whole life insurance have such a negative reputation when it offers incredible value? For years, this financial tool has been misunderstood, leading many of us to overlook its potential benefits.

But what if I told you that whole life insurance could be the key to securing our financial future and ensuring we leave a lasting legacy?

Many of us have dismissed it without truly understanding how it works or the risks it helps to mitigate. The truth is, whole life insurance is a powerful tool that guarantees not only financial security but also peace of mind, knowing our loved ones will be taken care of.

Are we aware of the risks we might face in our retirement years, such as market volatility or unexpected expenses? Have we considered how whole life insurance could play a crucial role in protecting our assets and providing a reliable source of income?

In this episode, speaker, author, and coach to financial advisors Tom Wall joins me to discuss the concept of whole life insurance, why we should consider it in our retirement plans, and his personal take on its value.

Whole life takes the risk off the table. -Tom Wall

Three Things You’ll Learn In This Episode

-Take risk off the table

This powerful financial tool provides a stable, reliable way to build wealth while ensuring that your loved ones are taken care of, no matter what happens in the markets.

-IUL vs. whole life

Is IUL more complex to understand than whole life? Which one will benefit us more in the long run?

-The volatility buffer concept

What exactly does the volatility buffer concept mean? How can it benefit us?

Guest Bio

Tom Wall has spent the entirety of his 20-year career positioning whole life insurance and competing against his alternative. Starting in college as an award-winning advisor with Northwestern Mutual before moving his practice to MassMutual, he subsequently grew his career in prominent home office roles in sales and marketing leadership. In those roles, he developed into a renowned storyteller and product expert at perennial company conferences and firm meetings nation-wide.

Tom’s Ph.D. is in retirement income planning, with original research on Whole Life as a Fixed Income Alternative under the advisement of industry thought leaders Wade Pfau, Michael Finke, and Stephen Parrish. His focus on academic integrity and decades of sales experience combine to make him a uniquely credible and inspirational voice in the life insurance space.

Tom now coaches and consults with financial advisors, hosts the Whole Life Masterminds study group, and has published his first book titled “Permission to Spend: Maximize Your Retirement with the Best Kept Secret in Personal Finance.” Tom lives in the greater Boston area with his two sons age 12 & 9, and is an avid golfer and traveler.

Visit https://www.permissiontospend.com/

Find Tom on LinkedIn @Tom Wall

Follow Tom on Instagram @tomwalltalks

Visit https://www.wholelifemasterminds.com/

About Your Host

From pro-snowboarder to money mogul, Chris Naugle has dedicated his life to being America’s #1 Money Mentor. With a core belief that success is built not by the resources you have, but by how resourceful you can be. Chris has built and owned 19 companies, with his businesses being featured in Forbes, ABC, House Hunters, and his very own HGTV pilot in 2018. He is currently founder of The Money School™, and Money Mentor for The Money Multiplier.

His success also includes managing tens of millions of dollars in assets in the financial services and advisory industry and in real estate transactions. As an innovator and visionary in wealth-building and real estate, he empowers entrepreneurs, business owners, and real estate investors with the knowledge of how money works.

Chris is also a nationally recognized speaker, author, and podcast host. He has spoken to and taught over ten thousand Americans delivering the financial knowledge that fuels lasting freedom.