What Is The Infinite Banking Concept? - Part 1

[@dailstancill720]

For clarity, giving up the opportunity to earn interest is a positive/favorable statement but it also is eliminating any risk of losing principal. Both cash in the bank(money market or CD) and CV in an insurance policy come from discretionary income - earned, portfolio or passive. Both places have limitations on the use of your cash. Banks sets its limitations & insurance companies set their limitations. Is pulling basis out out a permanent policy the same as ROP term or UL? If so, it's not tax free income, it's just return of premium you contributed with after tax income. If the only way to access the capital gains is by policy loans then it's not free because you are paying interest for this access. Some say well credited interest cancels out policy loan interest so it's a wash. Is this true? Thx for your insight, expertise & willingness to share & break it down in understandable knowledge chunks!

[@TheMoneyAdvantage]

Thank you for asking. We will address this in one of the next podcasts we do.

[@musicislife2000]

Does infinite Banking only consist on Life Insurance?

[@TheMoneyAdvantage]

Thank you for watching! Infinite Banking is a concept, and whole life insurance is the financial vehicle we use.

[@mariskascheepers4133]

"Model the successful few and not the croud" WOW!!!!

[@TheMoneyAdvantage]

Thank you for watching!