Joseph Lombardi

speaker

429 appearances 1 recordings 1 series first heard Mar 2025 last heard Mar 2025

Joseph Lombardi’s voice in public audio — every appearance, attributed to the second.

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What do you think rich people love?

They love to not let everybody know they're rich.

They don't want to be a target.

So they hide their money in life insurance.

Then what else?

Well, what if they get divorced?

Well, if it's inside of a trust, they can't touch it.

So, you know, you hear about these stories of like, you know, a athlete gets divorced and the soon-to-be ex-wife's like, I'm taking half your money.

You put all his money in his mom's name.

It's the same thing what they do in trust.

So they get it out of their name.

And no, I'm not advocating people to do that to hurt your spouse.

But it's just something that the ultra-rich think about, especially if they're not married yet.

So they have that set up, right?

What else?

Well, you can't lose.

What do you mean you can't lose?

Well, there's two types of permanent life insurance.

One is a whole life plan, which is like a bond portfolio for very conservative investors.

You're going to average 6% to 7% tax-free on your money.

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