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060: Bill Black on The Math and Taxes of Life Insurance

Stan Haithcock
June 8, 2021
060: Bill Black on The Math and Taxes of Life Insurance

About Fun With Annuities® Episode #60

Bill Black is based in Winter Park, Florida but recognized as one of the top life insurance experts in the U.S. His no-nonsense approach and access to the best carrier products and quotes mirrors the way that I, Stan The Annuity Man recommend annuities. Bluntly, he’s on a mission to make pension plans accessible to as many people as possible.

In this week’s episode of Fun With Annuities, Bill uses his 40 years of experience to factually dissect the best ways to include life insurance in your overall plan. He covers current legislative, tax issues and what’s new for the life insurance industry going forward.

And, of course, no one can be a guest on the FWA podcast without addressing the bad chicken dinner sales pitches that make us all want to cringe. With me standing at 6’6” and Bill Black at 6’8” we’re a dynamic duo dominating in the ring of brutal factual truth. Can you picture the two of us walking into a bad chicken dinner sales pitch? That could be fun.

This podcast is a firehose of information and a must listen to if you currently own life insurance or are considering a future purchase of this transfer of risk strategy. Bill puts it down simply, "There are no ifs, ands, or buts when you buy the right policy that has the right guarantees on it."

Bill Black is someone you should feel free to contact with any life insurance questions. You will NOT be disappointed. Enjoy the podcast.

Brief Bio on Co-host: Bill Black

Bill Black is the President of W.H. Black and Company and has been in the pension administration business for over 40 years. He is also responsible for the marketing efforts of – a full- service pension administration company that helps advisors nationally with the sale and administration of qualified pension plans.

He is the best in the business and as a qualifying member of the Million Dollar Round Table (MDRT) and an eighteen time Top of the Table and Court of the Table qualifier, puts him amongst the world’s elite financial professionals for his ethics and best business practices. Therefore when it comes to questions about defined benefit plans, 401(k)s, cash balance pension plans and profit-sharing plans, Bill is my guy.

His ability to break down complex ideas into easily understood concepts is the reason why he is a highly sought-after speaker, author and educator around the world. He also produces a great quarterly newsletter that breaks down the latest legislative and administrative issues regarding plan management.

In This Episode:

  • What is happening in the life insurance space (especially during the current pandemic).
  • How interest rates affect life insurance policies.
  • Benefits of life insurance to the beneficiaries.
  • What to watch out for in the sales pitch world of life insurance.

Key Takeaways:

  • Oftentimes, term insurance can be changed to permanent insurance without the health checks being redone.
  • Life insurance is the best return on investment that you will never see.
  • Like with annuities, you buy life insurance for what it will do, not what it might do.
  • Rather than letting a life insurance policy lapse when you don’t want to continue it, it can be sold like you would a stock or bond.

Fun With Annuities® Podcast is hosted by America’s Annuity Agent®, Stan Haithcock, The Annuity Man®. Hear brutal annuity facts with no sales pitches from the top independent agent in the country, licensed in all 50 states. Author of 7 books, Stan dives deep on all annuity types and strategies. It’s fun, learning the contractual truths on how annuities actually work and if they’ll fit your personal retirement lifestyle.

Listen in on how you can be livin’ the reality, not the dream®. Listen and subscribe on Libsyn, Stitcher, Apple Podcasts, Google Podcasts, Amazon Podcasts, and Spotify.

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