It can be hard enough to pay all your bills when you’re healthy.
What if hardship strikes and you can’t make your bills? How will you ever pay your whole life insurance premium? Is your policy doomed to lapse, or is there something you can do?
This is a question I get a lot. And today I’ll explain different options (all legal and ethical) to keep your Infinite Banking plan together when life seems to be falling apart.
Listen now!
Show highlights include:
- Prime place to look for relief if your hardship comes from being unable to work. (1:15)
- How to borrow against your policy to pay your policy, without destroying your available cash value. (1:57)
- Afraid to borrow from your policy to pay the whole premium? Try this instead. (2:47)
- Looking for a premium discount? Hidden way to pay less. (4:36)
- Why missing your grace period isn’t the end of your policy…if you can clear these hurdles. (5:28)
- “Raise the roof” reason to fully fund your policy in year one–even if money is tight. (8:32)
- Why forcing yourself to play catch up in funding your policy could open the door to a tax nightmare. (9:57)
- Why you shouldn’t use dividends to pay your premium, even when they’re big enough to do it. (12:06)
- Hard truth behind Universal Life policies’ flexible premiums. They sound appealing until you know this. (14:24)
Reach out to me:
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com)
