In today’s episode of Passion for Real Estate Investments, Founder of Partners for Prosperity, Kim Butler, talks about death benefits in regard to real estate.
After leaving the firm she worked for in 1999, Kim Butler founded Partners for Prosperity, LLC. Through her work and dedication, she has helped countless people build sustainable, generational wealth with her Prosperity Economics Philosophy and The 7 Principles of Prosperity™. Kim has featured in the Investopedia Top 100 List four times, she is the author of 8 highly recommended books, host of the Prosperity Podcast, mentor, and co-host of the annual Summit for Industry Professionals. Her work has been recommended by distinguished industry leaders such as Robert Kiyosaki, Garrett Gunderson, Tom Dyson, Tom Wheelwright, Michael Isom, and Patrick Donohoe, to name a few.
What can the presence of death benefit of life insurance do for your real estate? Hear about moving real estate from generation to generation, the differences between term insurance and whole life insurance, how to use charitable remainder trusts and reverse mortgages, and the importance of education in creating a legacy.
If you’re looking into life insurance policies and want to know more about your options, or you want to learn about how it affects your real estate, or you want to create a lasting legacy, this episode is for you.
Highlights from the interview
- “Unless you know something I don’t, death is a guaranteed event.”
- Life insurance companies think the life expectancy age is 120.
- “It’s so critical that the life insurance that you use for a charitable remainder trust is permanent.”
- “If you use term insurance, it’s not likely going to survive as long as you do.”
- “We recommend full life so that their family is guaranteed to get the replaced wealth.”
- “Reverse mortgages are done much better if you are in your 80s.”
About Kim Butler
Kim loves helping people nationwide learn about alternatives to store cash and create income from their personal financial economy. She’s written many books on Amazon, produces the Prosperity Podcast, and created the Wealth Renegade Quiz. Her love of Win x3, Own it, Visioneering, and Faith guide her daily activities which include Alpacas on her husband Todd Langford’s 4th generation farm. She welcomes clients of all types from 22 yr olds with their first job to accredited investors looking for a place to store cash for emergencies and opportunities.