Whole Life Insurance is a key part of IBC, but it takes some money to get it going. Especially when you fund Paid Up Additions that boost what your policy can do for you.
And if your budget is tight, you might think you can't possibly find those funds.
In this episode I'll share nearly a dozen places to look. And unlike some who gloss over risk and fine details, I'll tell you what to watch for so you don't make a costly mistake.
Listen now!
Show highlights include:
- "Sideline Money": Where you can look for idle funds that could be revving up your policy. (1:21)
- Why your money does more in a Whole Life Policy than it does sitting in your savings account at the bank. (2:05)
- How the Dodd-Frank Act changed the game for bank failures, and what it means for the next 2008-style bank crisis. (Hint: It won't be the government bailing them out this time.) (2:40)
- Why compounding interest in your Whole Life Policy tops what your bank's savings account can do, regardless how different the interest rates are. (3:23)
- The Great HELOC Debate. Why this once-popular move has fallen out of favor, and what to know if you're thinking of leveraging your HELOC to help your IBC. (6:03)
- No-brainer reason an inherited IRA (from somebody other than your spouse) is an excellent candidate for use with Whole Life. (9:50)
- Why you shouldn't be afraid to put your funds into Paid Up Additions instead of putting them somewhere else. (10:26)
Reach out to me:
valerie@alphaomegawealth.com
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com)
