Jim Harbaugh’s Pay Includes $2 Million Per Year Life Insurance Policy

Jim Harbaugh is one of the greatest football coaching in College Football. I have always been a fan, but now that I know he is smart enough to take part of his compensation through a life insurance deferred compensation program, I am a bigger fan. This guy is the man! LET’S GO! I’m pulling for Michigan next year now!!! In this video, I break down the ESPN article about Jim Harbaugh’s compensation. Full article linked below. Enjoy!

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https://www.espn.com/college-football/story/_/id/17332547/michigan-wolverines-jim-harbaugh-agree-increased-compensation-form-life-insurance-loan

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📖 Chapter Timestamps Here ⏰
0:00 Intro to Jim Harbaugh’s Deferred Compensation Whole Life Insurance Pay
2:00 Why Deferred Compensation Is Typically Done Using Whole Life Insurance
3:10 Overview Of ESPN Article of Jim Harbaugh
9:00 Why Michigan Decided To Pay Jim Harbaugh In Life Insurance
10:30 If Whole Life Was Bad, Major Companies Wouldn’t Put Millions Of Dollars Into It For Cash Value
13:20 The Leverage of UM Paying Jim Harbaugh In Life Insurance
14:50 This Is Proof That The Smartest People Use Whole Life For More Than Death Benefit

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VALUABLE CONTENT TO CONTINUE THE EDUCATIONAL JOURNEY:

How To Properly Structure A Whole Life Policy
https://www.youtube.com/watch?v=EBGEkfDO1rw

Indexed Universal Life vs Whole Life – Which is Better
https://youtu.be/zHUsh82zYA0

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Chris Kirkpatrick launched LIFE180 as a solution to a problem. As the director of business development for a Fortune 1000 life insurance / broker dealer, he became disenchanted with the financial industry because of the lack of education provided to clients and how “financial advisors” were really just glorified sales people.

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*All content in this video is for educational purposes only and is not to be interpreted as personal financial advice.

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