Life Insurance Deep Dive: Term, Whole, IUL & Banking Strategies | Generational Gains Ep. 30

In Episode 30 of Generational Gains, Carson and Greg Herlean take you on a deep dive into the world of life insurance—breaking down the different products, their true purpose, and how to actually use them to build wealth and protect your future.

Whether you’re new to life insurance or looking to better understand how to use it as a wealth-building tool, this episode has you covered:

✅ Term vs. Whole Life Insurance

✅ Indexed Universal Life (IUL) explained (and why it’s not for banking)

✅ Why banks have over $70 billion in Whole Life policies

✅ What premium financing is and who it’s really for

✅ How to use life insurance as a personal bank

✅ Real talk on agent bias, fees, and policy structure

Carson shares how his thinking has evolved from selling just one type of policy to appreciating the purpose behind every insurance product—and why the key is knowing how and when to use each one.

Plus, in their “Sweet, Sour, and Service” segment:

🏀 March Madness excitement

💪 CrossFit competition frustrations

🍗 School lunch delivery dad moves

📲 Subscribe and stay tuned—Episode 31 will dive deeper into the ultimate insurance-based wealth formula!

Watch the full video episode on Greg's YouTube Channel here: https://www.youtube.com/@gregherlean

Follow and connect with Greg on IG: https://www.instagram.com/gregherlean/

Check out Greg's website here: https://www.gregherlean.com/

Carson's IG: https://www.instagram.com/c.herlean/

Carson's TikTok: https://www.tiktok.com/@carsonherlean