Funding Premiums Later In Life at Passive Income Time Discussion
What This Covers
This session explores how clients can continue funding Whole Life Insurance premiums later in life, especially using retirement or passive income to build wealth across generations, optimize taxes, and stay financially flexible.
Why Clients Use It
To reallocate passive income (e.g., OAS, pensions) into wealth-building
To extend legacy planning beyond retirement
To retain policy growth and access cash values well into later life
To maximize benefits while reducing tax pressure
Key Insights by Timestamp
(00:00–02:00) Multi-Generational Thinking
Dan continues funding large policies past 65
Prioritizes legacy—“Think 70 years ahead” (Nelson Nash)
(02:00–05:00) Policy Design & Pension Income
Older policies had less flexibility; today’s allow more control
Dan uses pension + OAS to fund ~$30K/year premiums
(05:00–07:00) Nelson’s “Recycle the Money” Mindset
Use government income to fund policies or taxes—keeps money moving in your system
(07:00–10:00) Passive Income ≠ Retirement
Reframe “retirement” as “income control time”
Focus on what you enjoy while still generating income
(10:00–13:00) Income Clawbacks & Optimization
High income reduces OAS—Dan now restructures income to reclaim benefits
Corporate planning + policy loans = smart income flow
(13:00–End) Stories as Tools
Every mistake becomes “tuition” for teaching others
Community learning is core to the Infinite Banking Concept
Core Message
You don’t stop funding policies when you retire, you start thinking more strategically. Use passive income to build, not slow down. This creates optionality, legacy, and long-term control.