The media won't report this…. BUT Banks and Corporations own Life Insurance!
In today's Better Wealth Episode, I had the pleasure of bringing back Barry Dykes for his second interview on the podcast as he discusses BOLI (Bank owned life insurance), de-risking using life insurance, and invasion of the communist funds: the passive funds. Listen as Barry dives deep and reveals some amounts of life insurance owned by some big banks, why it is most banks Tier One Capital, and why life insurance is one of the best assets banks can own. We discuss COLI (Corporate Owned Life Insurance) and how companies are using life insurance to de-risk and risk management. We also discuss passive investing and why Barry calls it the invasion of communist funds. I even ask him a question about Bitcoin. Barry encourages listeners to really research and learn on how things like this really work.
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For more information on BetterWealth or the content you hear on the Podcast visit us at www.betterwealth.com/podcast.
Episode Links & Resources:
Episode #132: “The Pirates of Manhattan” with Barry Dykes
FDIC: Federal Deposit Insurance Corporation
Other People’s Money by Louis D. Brandeis
Requiem for the American Dream (Documentary)
Guest Bio:
Barry Dyke is the author of “The Pirates of Manhattan" selling more than 100,000 copies his book illuminates the corruption within the U.S. financial service industry. Barry is the President of Castle Asset Management, who for more than twenty-five years has practiced financial planning, founded a pension consulting business, a third-party administration firm, a health & welfare consultancy and a registered investment advisor.
Guest Links:
Learn more about Barry James Dyke - https://www.barryjamesdyke.com/
Castle Asset Management (CAMNH.COM)
Pirates of Manhattan by Barry Dyke
The Guaranteed Income by Barry Dyke
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