Banking On Yourself | Manage Your Money The Grandma Way | Amanda Neely
Manuj Aggarwal and Amanda Neely talk about how to manage your money in an old-style way and obtain the best benefits youย ...
Executive Vice President and Chief Consumer Banking & Strategy Officer, First Finl Bancorp Oh
Search every verified Amanda Neeley interview, podcast appearance, and on-the-record quote โ each transcript cross-checked by AI and human review to confirm speaker identity. Amanda Neeley, Executive Vice President and Chief Consumer Banking & Strategy Officer at First Finl Bancorp Oh, has appeared on podcasts discussing personal finance strategies, particularly promoting the "Bank on Yourself" approach using whole life insurance policies. In a September 2020 episode of "Banking On Yourself | Manage Your Money The Grandma Way," Neeley described whole life insurance as providing a "nice solid foundation" for personal finances and business ventures. She stated that about half of Americans had whole life insurance in "grandma's day" and that insurance companies invest primarily in investment-grade corporate bonds held for long periods. Neeley also noted that her commission on such policies is 50 to 70 percent less than typical life insurance agents and less than the 1.5 percent fee for assets under management at investment firms. In a December 2019 episode of "Amanda & Brandon Neely | How To Save Money," Neeley co-hosted a discussion on saving money in what she described as "grandma's way," focusing on building wealth through whole life insurance rather than traditional savings. She stated that she considers herself "better than debt-free" after using a loan from her whole life policy to pay off student loans, with her cash value continuing to grow. Neeley also said the strategy works like a Roth IRA, allowing tax-free access to funds if done correctly, and that many businesses fail because owners run out of money, suggesting whole life insurance can provide a foundation for business success.
“A whole life insurance policy can give you a nice solid foundation that can really set you up to do some really awesome things in your business.”
“About half of Americans had whole life insurance in grandma's day, and the money goes to a life insurance company, which uses it very differently than investment firms.”
“The commission I take as a life insurance agent for bank on yourself whole life policies is 50 to 70 percent less than typical life insurance agents, and much less than the 1.5 percent you might pay for assets under management to an investment firm.”
“With a whole life insurance policy, you can access a portion of your cash value to invest in stocks during great opportunities, while your money inside the policy continues to grow as if untouched.”
Manuj Aggarwal and Amanda Neely talk about how to manage your money in an old-style way and obtain the best benefits youย ...
Amanda & Brandon Neely | How To Save Money Learning how to save money is a big part of living a 'rich life,' but it's not aboutย ...
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