Main Episode Description In this essential Episode 77, we navigate the complex world of disability protections, examining the "Disability Waiver of Premium" rider in whole life insurance policies and how it contrasts with an actual disability insurance policy. But that's not all: we also delve into how disability insurance can complement The Infinite Banking Concept (IBC). Discover how the waiver is like putting insurance on your insurance, meant to keep your "bank" operating, while disability insurance focuses on income replacement. This episode equips you with the knowledge to make informed decisions that align with your IBC journey and fortify your financial plans against life's curveballs. Combining true disability insurance with a whole life waiver of premium ensures that your financial life can continue to move forward as planned, no matter what happens. Episode Outline: 00:00:00 - Introduction 00:00:41 - Why is Disability Insurance Important? 00:02:49 - Disability Waiver of Premium vs. Disability Income Insurance 00:05:27 - Basics of the Disability Waiver of Premium Rider 00:09:07 - Duration of Waived Premiums 00:15:52 - Disability Insurance Policies, 00:16:24 - Short Term vs Long Term Disability, 00:17:00 - Buying Individual Policies, 00:18:00 - Calculating Benefits and Elimination Periods, 00:20:45 - Additional Riders ---- LINKS: Get in touch: SCHEDULE A CONSULTATION Online Course: IBC MASTERY ---- About Your Hosts: Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics! John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide. John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide. ---- Connect with us Get in touch if you want to see how to apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today! ---- ONLINE COURSE: Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®. Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance: IBC MASTERY