Episode 359: Your Best Employee is an Insurance Contract with Doug Peacock

Not Your Average Financial Podcast™

In this episode, we ask:

• Are you a business owner?
• Are you having difficulty hiring?
• What did a recent Gallup poll say?
• Who is Doug Peacock?
• Would you like to hear Episode 262?
• What are the seven ideas of “put me (life insurance) on your payroll”?
• Would you pay me like your lowest paid employee?
• Are you speaking about hiring an employee?
• As a thought exercise, could a whole life insurance policy be viewed as an employee?
• Is every employee an asset?
• Is every life insurance policy an asset?
• Do you like me?
• Would you fire me in 10 years?
• What about other major business expenses?
• What happens if you get sick?
• If you get sick, would you pay yourself?
• Would you like to hear Episode 256?
• What is waiver of premium?
• Do you need a loan?
• What about saving money?
• Is the money liquid?
• How does one use a policy as collateral?
• What about HELOCs and car loans?
• What about the rate?
• What about the volume?
• Who controls that process?
• Is smart to collateralize?
• How many options do you have?
• What about supplementing retirement income?
• What about the efficiency of policies?
• What about conventional advice?
• What do CPAs do well?
• What do CPAs tend to do poorly?
• What about tax advantages?
• Are death benefits tax-free?
• What can your money do for you?
• Would you like schedule with Doug at peacockwealthgroup.com?
• How powerful is whole life insurance helpful for your business?
• What are the benefits?
• Is it time to re-evaluate where you place your savings?
• Who do you need to work with to get everything in order?

• Doug Peacock spent 38 years as a high school teacher and football coach. He tried to retire the traditional/conventional path, and things didn’t work out like he was led to believe. He learned that other teachers and coaches were having the same conversation. Doug literally watched his 403(b) become a 203(b) twice in the last decade of his teaching career. He knew there had to be a better way, so he started learning how wealth really works.