In this second part episode, featuring Jason Mandel a renowned author and founder/CEO of the Mandel Family Office, further discussed tax-free growth strategies for real estate investing, life insurance, and financial planning. He shared more details about his personal story and personal experiences of clients who have been able to pursue their passions and make a positive impact on their communities due to financial security provided by these plans. Jason also emphasized the importance of starting financial planning early in life.
Discover how you can borrow against your own policies, pay interest back to yourself, and grow your wealth tax-free while enjoying asset protection and flexibility.
From leveraging life insurance for tax-free income to crafting a legacy that transcends generations, Jason shares invaluable insights and practical advice for maximizing your financial potential.
Key Takeaways:
02:08- Real estate careers and life insurance strategies can provide tax-free growth and income.
01:53- Starting financial planning early allows greater outcomes and legacy building for future generations.
03:15- Alternatives like key person policies can find solutions if directly insurable.
04:37- Jason shares overcoming health issues and helping others find insurance solutions (0:04:37)
08:13- Lawyers and advisors should learn these strategies to better help clients.
Ready to explore the possibilities of private placement life insurance? Reach out to Jason Mandel today to learn how PPLI can work for you.
Purchase Mandel's book "Demand Transparency" on Amazon for a comprehensive guide to financial empowerment.
Connect with Jason@:
Contact Number: 917-603-2365
Linkedin: https://www.linkedin.com/in/mandeljason/
Website: https://jasonmandelrealestate.com/
Connect with Corwyn@:
Contact Number: 843-619-3005
Email: corwyn@corwynmelette.com
Instagram: https://www.instagram.com/exitstrategiesradioshow/
Youtube: https://www.youtube.com/channel/UCxoSuynJd5c4qQ_eDXLJaZA
Shoutout to our Sponsor: ROBYN COLLINS
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ROBYN:
Do you want something more? More meaningful moments, opportunities, deeper relationships, and memorable experiences? Do you want to make a difference? If you said yes, a career in real estate could be the opportunity you’re looking for. Guiding people through one of the most important decisions they ever made, the purchase or sale of their home can be both rewarding and lucrative. Exit Realty’s revolutionary compensation model, training, and technology that provides you with the tools you need to start and build your successful real estate career. Call me today, Robyn Collins, R – O – B – Y – N Collins with Red Robin Homes at 843-557-5003. Again, that’s 843-557-5003 or visit us at redrobinhomes.com/joinexit and make your exit today
CORWYN:
So Jason, Look, man, you have blown my mind today, like seriously, because the concept you’re talking about reminds me a lot of some of the other strategies that I employ with some of my investors where they purchase through the IRA, or what have you, and this distance is separated, that money flows back in to the IRA. And then apparently, obviously, when you get to retirement age, that’s when quote unquote, cash out or started received. Now depending upon what your structure is, you will make that money you earned that money over the years tax free. And then your taxation rate least we hope it will be when you retire will be lower than what the taxation rate is otherwise
JASON:
Corwyn, when I’m talking about any age, any amount of money they want to put in, we are going to better that strategy, you’re going to add more value to all your investors because they’re going to come through their PPLI policy, because now they’re gonna grow tax free, they’re gonna be asset protected from creditors, and they can access the money whenever they want. They don’t have to wait till 59 and a half, they can make that money in their 20s, their 30s, their 40s, their 50s, whatever the hell, they want to make that money, let them make it and let them access a tax free through a policy loan. I am so happy we connected that is crazy.
CORWYN:
So I’ll even throw this out for our listeners because Jason the concept unless you tell me different this is how I also see an opportunity in the concept. Because see, sometimes as a listener, maybe you don’t qualify for the universal policy, maybe health wise, maybe you got this, you can roll a policy for your child and do the same thing. So now a spouse now you’ve already started the whole piece and whole concept of legacy, you’re able to start it because you will insure this child or this spouse or whoever, and you’ll pop that money to that policy and be able to do this it is impressive man but the whole tax free piece. That’s what I was missing man, you just blew my mind today.
JASON:
Not all people that don’t have a spouse or child, they can use a business partner, they can own the holder on a partner. So you bring in a guy and you say okay, you’re we’re gonna work together you’ll bring do different things, we’ll do different things. And now together because you guys are in business together, this is key person policy, they’ll do this, you’re a key person, the company can own the policy. And if there’s only one person that’s insurable, the company can still own it, somebody can still benefit from it. It’s very important. I like to say to people, if you’ve got health problems, don’t stress about that. We can find the solution. Maybe it’s that your advisor where you were, didn’t really know where to go. And I’ll even tell you my own story. We could we not as I unfortunately suffered from very bad diabetes, who was very bad situation. I was very overweight, I had a lot of issues. And frankly, I was able to solve that situation. I had something called gastric bypass surgery. I got that diabetes under control, and now easily insurable and I tell your listeners, if they want to, they can reach out to me I’m happy to share my story, give them advice. Don’t feel like you’re uninsurable. If you have a terminal disease, you’re probably uninsurable. But if you have the normal issues that we all have in life, life’s tough, throws us punches. I always believed let me try to help you find that right policy, don’t think you’re uninsurable. We can do it we’re very good at
CORWYN:
So Jason, they’ve given us a website to go to to get more information for our listeners, guys. I pulled the slide off. Look here it is easy peasy lemon squeezy, if you will, to connect with Jason and his team. But Jason, how else can I listeners get in contact with you? How else can they reach you?
JASON:
I know this is rare, but I’m gonna give people my cell phone number. You could literally text me over started right away, you can direct to me, my cell phone number’s my original number from 30 years ago, just to show you that I’m not running away from anybody. My strategies are real, they’re principle protected. That’s why I can keep the same cell phone number for 30 years. Here it is area code. I used to live in New York City before I move to Florida, but the my area code 917, area code 917-603-2365. That was 917-603-2365. Text me, call me. If I’m awake, I’ll answer. And I will. I will be happy to share my knowledge. just mentioned that you’ve heard me on exit strategies, I may not be as nice to you if you come from some other show, you gotta say Corwyn sent you if you say that I promise to be nice. Now look, I can’t help everybody. But I will hear your story. I will give insight. And if I can’t help you, I’ll send you somebody that can’t. But I am happy to have that conversation. I also tell people go on Amazon for 99 cents, buy my book demand transparency is the name of the book on Amazon 99 cents is the digital version. And I’ll make a deal for only your listeners. If you buy the book for 99 cents, and you don’t like it, text me and I’ll Venmo you the money, I will send you back the 99 cents. If you didn’t find value. That’s how convinced I am. You’re gonna love my book, I talk about all these strategies, I share my life story. And I think your listeners will get a kick out of it. But I said you don’t like it, you text me and I will Venmo you that 99 cent, I’ll even give you $1, I will bump it up, you will get a bump for these. I don’t think I know how to set 99 cents. Look Corwyn, last than your show. You’re a hell of a lot of fun. And I’m excited to help your listeners. But if there’s anything I can do, I stand as a resource. I’m actually coming out with another book in a couple of months. I haven’t even finished the title, but it’s just going to be on that strategy. It’s called Private Placing Life Insurance. And I think unfortunately, I really implore if you’ve got lawyers that are listening and counts that are listening, this is not meant she is not familiar to them. Give me a call. Let me teach it to you because your clients need this. They have you be a visor, they’re not someone said to me, my account is a record keeper. I tell him what I did. And he tells me what I owe. And I don’t double, I think it counts. lawyers need to be proactive. They need to be bringing ideas to their clients add value, everything eventually is going to become commoditized, you can get a tax return. Now in India for 12 bucks, somebody told me, so somebody spent a few 100 bucks on a tax return a few 1000. It’s because they’re getting valuable advice, which is saving them 1000s 10s of 1000s of dollars. That’s why these advisors are adding value. So I really do enjoy talking to end users. But I try if you think your lawyer, your accountant, or your financial advisor, or your insurance broker doesn’t know the things that Corwyn and I discussed today, you send them my way, let me talk to them. Because I think if you tell them all this stuff, they’re gonna say there’s no way this works.
CORWYN:
Yeah, you got that? Somebody to teach you that on YouTube, by some way or another and this and yeah, and all that kind of stuff. So Jason, let me plug you with. I call this it’s a hindsight question, really. And truly what it is, it is if you knew what you know, now, way back yonder, when so you made mention of hitting the 50 year old milestone, and you’ve been in 30 years in what you’ve been doing. So for me this year, it is 50 and 20. I’ve been real estate for 20 years as a career. And if I was to know, had known back then what I know now, how much further I would be along. So my question to you is just that. What is it that you wish you would have known when you started in the very beginning that would have catapulted you far past where you are currently.
JASON:
when I started talking to people, I was young, right? I was in my 20s, early 20s. And what I would say to you is it is never too early to start these plans when you mentioned them. When mentioned the word life insurance, I would say to you that you must start as early as possible, people’s health changes. As you get older, these products become less compelling and still compelling. But they’re less compelling. If you had said to me when you were 20 years old Jason I had, I was lucky enough to make some money dumping a bunch of money into these contracts. They produce tax free income. They give you the certitude. They’re paid up in just a couple of years. If someone had just told me and I bought a lot of insurance, but I didn’t buy enough for what I really would like now it seemed like a lot back then. But I came from a very humble background in Brooklyn, New York. So for me, it was a lot back then is not as much as I would like right now. And now it’s much more expensive. So all of your listeners, it’s never too early to set yourself up, to set your family up. You Even to set up your kids, people don’t realize, you take a kid who’s young, you start putting a little bit of money, it doesn’t even take a lot of money, their college is paid for, their first home, paid for, their retirement paid for, you can give people the gift of confidence. That’s what’s the most amazing thing that you could change people’s lives. I’ve got clients that have been able to allow their children to pursue their passions, things that they really wanted to do, and they might not have otherwise had to do if they had the normal financial pressures we all have, we’re not talking about millionaires, Corwyn, we’re talking about regular people, we’re talking about people that were able to become school teachers without worrying about finances, they didn’t want to go corporate guy, they wanted to teach kids. And now they’re able to do that. Because every year in addition to their salary as a teacher, they’re probably making equal or more from some of these tax free income plans. So that’s my message is never too late to start. But the best time to start is yesterday. So start right now build one of these plants, it’s going to help you your family, it’s going to help the world because you say I don’t need this, I don’t have a family to give this to give it to charity, amplify your wealth, give it to your local church or synagogue, instead of giving them money right now, here’s 100 bucks a month, here’s $1,000 a month, whatever you’re giving, imagine leaving them a million dollars when you’re not there. Today, your money dries up. But not a legacy. Like you talk about Corwyn, you can leave a legacy for your kids, you can leave it for your church or synagogue, that’s important to me to be able to do that. And I hope your listeners take that away from our message and our conversation today. There’s such an opportunity to do good in the world, to change people’s lives, just by being creative, just by thinking outside of the box. And just by recognizing that these tools that we talked about, have so many different uses. So I really I appreciate the chance again, you’re an incredible host and really appreciate you inviting me on today. Thank you so much.
CORWYN:
Jason, thank you. Thank you, Jason, again, bottom, my heart, man, look, this is mind blowing information for me. I’m already over here, I’m over here putting things into categories. And this that because some of the things I’ve already were aware of some I was not. And all of it as a unit, I track and follow. So I’m like, Okay, this is what we can do. So this is the conversation when you start having. So I’m looking forward to the opportunity to connect with you in the future, as we talk more about this and explore it and most importantly, as we help our listeners implement these strategies, and change their lives. So Jason again, my man, my God, thank you from the bottom of my heart for being a part of this Exit Strategies Radio Family and for being on with us today. My pleasure. So for our listeners, guys, look, y’all know who today. look here. Mind blown. So I want you to catalogue this episode, I want you to go back. If you’re listening to it live on the radio. Great. However, on Monday, because I know this would have messed you up this weekend, you’d have been thinking to strategize and on Monday, I need you to go to exitstrategiesradioshow.com to our website, I need you to listen to this episode. Again. Take your notes. Most importantly, pull Jason’s contact information if you missed it, if you cannot write it because you’re driving or for whatever reason. Maybe you’re about to burn them grits and eggs this morning, whatever it is, I need you to go pull this episode listen to a get Jason’s information and contact him. We have no excuse for our lack of action. There is no excuse for a lack of action. Guys, let’s go beyond that. You know how I feel you know how I say guys, y’all know always put the two of those things together and I say it to you this way, which is I love you. I love you. I love you. We’re gonna see you guys out there in those streets.