164: The Hidden Benefits of Life Insurance with Jim Bowman

Jim Bowman is the President of Life Operations at Advisors Excel, and someone I’ve known for many years. I’ve spoken to him for many hours about today’s topic – life insurance – well before we ever decided to record this podcast and his deep knowledge on the topic has proven hugely valuable to countless advisors – myself included.

Life insurance isn’t just about ensuring that your family has cash flow in the event that you pass away or sustain a career-ending injury. It can also be used as a powerful investment, a source of tax-free income, a way to cover long-term care, and for cash management.

Today, Jim joins the podcast to discuss the major misconceptions surrounding life insurance, how to use life insurance as a protective policy and an investment tool over the course of your life and career, and the many different ways to put this asset class to work for you.

In this podcast interview, you’ll learn:

  • Why so many people hate life insurance – and why so many people fail to look at it as the asset it is.
  • The different types of life insurance assets and how one can use them to see a return on investment.
  • How life insurance can be used to cover long-term care expenses.
  • How to plan for taxes when using life insurance assets.
  • Why it may be right to purchase life insurance for a parent or close relative.

Inspiring Quote

  • “People have always looked at life insurance as an expense versus an asset.” – Jim Bowman 

Interview Resources


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