Podcast

Ep. 320 – Life Settlements

Sep 19, 2025 | FWTB Podcast

Are life settlements truly helping seniors, or are they simply enriching companies? In this episode of Farming Without the Bank, Mary Jo exposes the hidden dangers of selling your life insurance policy and why borrowing against your whole life policy is often the smarter move.

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👉 Get the book:  https://www.farmingwithoutthebank.com/book/

Many elderly policyholders are advised to cancel or sell their life insurance without realizing they can access cash through policy loans or riders. Life settlement companies profit, while families lose financial security. Don’t let that happen to your loved ones.

✅ Learn what life settlements are
✅ Why they target seniors
✅ Safer ways to access cash from your policy
✅ How to protect parents, grandparents, and neighbors from being misled

Chapters:
00:00 – Are life settlements preying on the elderly?
00:52 – What is a life settlement?
02:24 – Why companies profit from buying policies
04:44 – The Gary Brecka connection
06:15 – Borrowing against whole life insurance instead
07:38 – Cash value vs. surrender value explained
09:12 – Why canceling a policy can cost you
10:03 – Sharing this knowledge with family and friends
11:09 – Final thoughts on life settlements

👉 Share this episode with parents, grandparents, or anyone who owns a life insurance policy; they need this information!

📖 Get Mary Jo’s book and resources:
https://www.farmingwithoutthebank.com/book/

👍 Like, subscribe, and join us weekly as we challenge financial myths and put control back in your hands.

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