Bitcoin and Whole Life are Homework Tests
Those who do their homework, own some.
I heard on a podcast recently that Bitcoin is a homework test. Those who do their homework, own some. From my professional experience in the life insurance industry, this also holds true for Whole Life insurance.
Like with Bitcoin, the majority of people don’t understand Whole Life policies either so when I saw this oday on X/Twitter, I was curious if I could apply what I know about Whole Life in a similar fashion:
Sidenote: If you’ve read my thesis, you know I believe in stacking sats and paying premium. If not, you can read about it here.
I revised Forever Laura’s tweet to make it about Whole Life and re-ordered some rules for better flow. And for good measure, I added 10 more. Let me know if you learned something new.
31 Thoughts on Whole Life
People are against Whole Life before they are for it.
Whole Life insight is restricted to those who are curious and enjoy learning.
People who understand Whole Life buy Whole Life. (It’s a homework test.)
You will never be done learning about Whole Life. (20+ years and I still learn something new each year.)
Don’t wait until your health is compromised or until your savings budget is sufficient. You can start with a convertible term and convert to a Whole Life later if need be.
Whole Life is a private invention created to benefit widows and orphans and it receives tax-favored treatment while you are living and at death.
Whole Life has a 170+ year track record because it is engineered by an immutable actuarial ledger.
Whole Life is the only financial product where you and your family win together. (Avoid UL/IUL/VUL Life policies which have no guarantees.)
Whole Life policies are guaranteed contracts, not an investment.
Whole Life is a financial unicorn. It is the only asset that gives you the power to live in the present and future simultaneously because of present guaranteed cash values and a guaranteed future death benefit.
No other financial product provides a guaranteed blueprint for every year of your life.
Whole Life is metaphysical. It is an idea which exists everywhere and nowhere simultaneously.
Whole Life is built for the sovereign individual. I have clients who once lived in the United States who now live in Mexico, Panama, England, Portugal, Spain, and China.
Whole Life is the only engineered financial product that you can own and control without permission or extortion. (You don’t own your 401k/IRA and you don’t own stocks in your name. What happens to real estate if you don’t pay the taxes or if the government decides to build a highway through it?)
Everyone gets Whole Life at the price they deserve. The cost to lock in your Human Life Value increases with age and ignorance.
Another way to think about a Whole Life policy is as a “savings account with a death benefit attached”.
Tickets to escape the fractional reserve banking system are priced in premium.
The life insurance industry is a full reserve system rooted in Austrian economics.
The cure to economic reliance is financial sovereignty: the ability to make financial decisions without having to agree to terms and conditions set by the traditional banking system.
Whole Life is for people who think in decades and generations.
Having a Whole Life policy builds low time preference habits.
Become your own best advocate (and your own privatized banker).
Respect your most valuable asset (ability to produce income) by locking in your Human Life Value. Not having a Whole Life policy when you need it will only leave you with regret when you are older.
All your retirement income models will improve when you add a Whole Life policy.
Whole Life policies are a financial bunker against worst case scenarios.
You’ll never be in a worse position by having access to cash.
When building a house, you don’t start with the roof. You start with the foundation. A Whole Life policy is the bedrock foundation of your financial plan.
Understanding Whole Life protects you from endless myths and lies about buying term and investing the difference.
Never cancel your Whole Life policy for something better. There is no 2nd best permanent policy.
Whole Life can’t protect you if you don’t own any.
Spread the benefits of Whole Life with love. 52% of Americans have a life insurance policy meaning almost 1 out of 2 people you know don’t have any coverage. Spread the gospel of love.
Please share the benefits of Bitcoin and Whole Life with those you love. Money should not be a taboo subject. Financial ignorance is born from darkness and that’s the way The Powers That Be prefer it to keep you in the dark. Rise above it to change your financial future “forever Laura”.
Cheers,
