Becoming Your Own Banker: Part 5 - The Cost of Capital

Becoming Your Own Banker: Part 5 - The Cost of Capital
(0:00:20) - Cost of Capital With Life Insurance
(0:12:09) - Understanding Unilateral Contract Agreements in Insurance
(0:18:54) - Insurance Contracts Ownership
(0:31:42) - Life Insurance Loans
(0:40:00) - Becoming Your Own Banker
(0:45:39) - Whole Life Insurance Benefits
(0:58:14) - Unpacking the Power of Dividends
In this fifth installment of the "Becoming Your Own Banker" series, uncover the hidden costs of capital that can make or break your financial future. All capital has a cost, so find out the benefits of having control over your debt. Get insider information on the cost of capital and become your own banker. We introduce two main concepts: that you are always paying interest and economic value added (EVA). We learn how to create our own banking system using dividend-paying life insurance and how to understand and use unilateral contract agreements in insurance. We also look at the importance of contract law, a policy's performance, and insurance companies' profitability. Finally, we discuss life insurance loans, the financial implications of such a loan, as well as the responsibility of the policy owner.
Join us as we continue the conversation through Nelson Nash's book, "Becoming Your Own Banker," today!
Full Playlist: • Becoming Your Own Banker
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[@jjsoccer1010]

Like you guys say, “All Capital has a Cost”. That just requires a lot of pondering for some of us to get our minds around. Often we’re not thinking about our own capital. Good clarity Bruce and Rachel.

[@TheMoneyAdvantage]

Thank you for watching and having an open mind!

[@anthonygallegos4708]

There is usually a two year contestability clause where a death claim can potentially be denied. Are there any other exclusions after the two year period where a claim can be denied?

[@TheMoneyAdvantage]

Thanks for watching! War is excluded.