Explore the practical side of the infinite banking concept in our latest episode. We break down how specially designed whole life insurance policies can act as flexible financial tools, much like owning a home. Understand the pros, cons, and real-life applications to gain financial control!
Highlights
01:04 - Overview of Whole Life Insurance Policies
05:32 - Mortgage Process vs. Life Insurance Underwriting
08:02 - Comparison of Payments: Mortgage vs. Life Insurance Premiums
10:04 - Guaranteed Rate of Return in Whole Life Insurance
12:11 - Accessing Equity: Home Equity Loans vs. Insurance Policy Loans
14:44 - Disability and Death Benefits in Mortgage vs. Life Insurance
16:14 - Additional Benefits: Long-term Care and Terminal Illness Coverage
18:26 - Retirement Planning: House Sale vs. Life Insurance Withdrawals
20:37 - Flexibility and Tax Advantages of Life Insurance
Episode Resources
Call to Action
Schedule a Call with Tom
How to Listen:
Subscribe on Youtube
Listen on Spotify
