“It kicks in for literally another five or ten million dollars of liability above that, and it's shockingly cheap. We're talking maybe a thousand dollars a year, 2000 dollars a year to get five or ten million dollars of extra coverage.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from Tad Fallows
Opinion
Fallows: Only commission-earning salespeople pitch whole life insurance
“The only person who is trying to sell you a whole life insurance is someone who's getting a commission on whole life insurance.”
Tad FallowsDec 30, 2025▶ 6:00Why Half of Them Have No Mortgage and Still Win
AssertionNot checkable as stated
Fallows: Almost none of 7,000 ultra-high-net-worth community members hold permanent life insurance
“In our community of about 7000 people who are Either very high or ultra high net worth and, you know, price of a scan, these things, pretty much nobody carries one of these permanent life insurance.”
Tad FallowsDec 30, 2025▶ 7:42Why Half of Them Have No Mortgage and Still Win
AssertionNot checkable as stated
Fallows: Half of High-Net-Worth Community Members Have No Mortgage
“So half our members don't have a mortgage at all on their house.”
Tad FallowsDec 30, 2025▶ 16:48Why Half of Them Have No Mortgage and Still Win
Insight
Fallows: Offshore trusts in places like Cook Islands create more risk than protection
“I think that's a pretty dangerous thing to do. The only reason that's relevant, if you are doing something really shady and any proper legal system would come after your assets and now you've parked them in the Cook Islands, but you know, one, that's probably …”
Tad FallowsDec 30, 2025▶ 12:02Why Half of Them Have No Mortgage and Still Win
AssertionSupported
Fallows: Historical private equity returns average 10% to 12% versus 8% to 10% for public equities
“I think it's fair to say that on average, historically, the returns of private equity have been somewhat higher than public equity. Not three or four times as high, but if public equity is delivering eight to 10%, maybe private equity is delivering 10 to 12%.”
Tad FallowsDec 30, 2025▶ 23:21Why Half of Them Have No Mortgage and Still Win
Insight
Fallows: Entrepreneurs and High Earners Handle Sudden Wealth Better Than Athletes
“So I think, you know, if you, if you're coming from a background which is significantly more common for somebody who generates significant wealth as let's say an entrepreneur, or maybe you are a high paid employee at a tech firm, you're a high paid employee at…”
Tad FallowsDec 30, 2025▶ 1:57Why Half of Them Have No Mortgage and Still Win
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