This is an encore episode of Universal Life vs. Whole Life for IBC, originally aired on April 27, 2023.
One of my new clients woke up with $0 in her life insurance policy after 33 years of funding.
Worst part?… READ MORE
This is an encore episode of Term Insurance, Good or Bad?, originally aired on April 20, 2023.
If you develop a serious medical condition, you can be banned from whole life insurance (or any life insurance contract!).… READ MORE
When you’ve been trained to analyze investments based on a high rate of return, it’s hard not to scrutinize Whole Life through the same lens.
But zooming in on the rate of return misses the answer to the bigger question: “How can I become my own banker?”
This episode is for you if you’ve dismissed Infinite Banking because the rate of return didn’t look good enough.… READ MORE
People have been taught to look at Whole Life as an investment, so they do! And when the returns aren’t flashy like stocks, funds, and precious metals they ignore Whole Life and pour their money into something else.… READ MORE
If you’re new to the Infinite Banking concept you might think accessing your Whole Life insurance policy’s cash value works just like conventional retirement accounts: Penalties for early withdrawal, required distributions, surrender charges and more.… READ MORE
Through the years I’ve talked to clients, heard stories, and learned from other agents. Through it all, the biggest financial problem is the same for everybody: You need to be in control of more capital.… READ MORE
Your savings can be taxed if you set your life insurance up incorrectly.
Simply put, when you deposit “too much” into a life insurance policy, you create a “Modified Endowment Contract” (MEC.)
So, what are the disadvantages of a MEC?… READ MORE
If you’re not using your money to make money, someone else is.
While you think your money is safe in the bank, they’re loaning it out — at interest.
This is how they make their real money. But, what if you were able to cut them out…
And become your own bank?… READ MORE
Banks are the biggest hypocrites.
They, and many financial gurus, like Dave Ramsey, convince you to amass a large fortune and then let it sit.
Yet banks do the complete opposite of what they tell you.… READ MORE
Do you ever sit and burn $20 bills?
If you don’t, you may as well, because right now the banks are legally taking 34.5% of your take home earnings in pure interest.
This interest isn’t to pay down your mortgage, your car loan, or your student debt.… READ MORE
