People fear government programs like Social Security becoming insolvent.
And for good reason: Sometimes banks run into financial troubles, and even collapse.
So maybe you’ve wondered: If I’m going to pay life insurance premiums for years on end, how can I be confident the company will have the money to pay the death benefit to my loved ones when I pass away?
Insurance companies are businesses. So, of course, there are no *guarantees* they won’t fail.
But in today’s episode, I’m going to pull back the curtain so you can see the different strategies insurance companies use to ensure they can deliver for you when you need it.
Also, keep this in mind: While life insurance companies only fail once in a blue moon, if they do, another company always comes in to purchase their assets. Those assets are your life insurance contracts.
You’ll also discover one key difference between banks and insurance companies that should give you peace of mind about insurance (even if banks are having problems).
Show highlights include:
- How to use “century thinking” so you don’t get duped by a get rich quick scheme that takes your hard-earned money. (2:43)
- Why bonds are so attractive to life insurance companies, and the two bonds they love the most. Shows you how serious they are about protecting your policy. (3:15)
- Why life insurance companies might own your office building, and the strip mall you shop at (and how this protects your investment) (3:28)
- How to buy stocks like expert investors: insurance companies! (4:14)
- The practical reason you’re still charged interest when you borrow against your own policy. (5:15)
- Why banks have a different attitude about cash reserves that makes them vulnerable in ways life insurance companies aren’t. (6:30)
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Infinite Banking Mastery (infinitebankingnorthwest.com)