Am I too old for Infinite Banking?
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- čas přidán 25. 08. 2024
- “Am I too old for Infinite Banking?” NO!! I repeat....NO, you are NOT too old for IBC. In this episode we analyze the performance of IBC policies at different ages, and I promise you will be surprised by at how the numbers turn out. Join us as we answer this often-asked question. Enjoy this week’s episode.
Resources:
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Check our online course at www.InfiniteWealthCourse.com
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Why is the CV different depending on age if they are funding the cash value side of their policy exactly the same way? Why wouldn’t the money grow in the exact same way if the policies all have the same rate of growth?
Great question. There an expense for cost of insurance. Since the older one had less death benefit the impact is minimized.
What % of the CV can you typically borrow?
Typically 95%
Better question is am I too smart to get involved in a stupid scheme like this? Hopefully the answer is yes.
yes. you are too "smart" for this.
Can I use this system to my expenses. You said “own your Bank”
You can use your policy for whatever you want. However we don’t recommend using it pay for expenses without a plan to repay the loan. Some people “selling” IBC will promote using the policy for expenses and have the death benefit repay the loan. We have looked at the math and I think that strategy only benefits the agent.
What if you don't want that high a death benefit? Will that increase the cash value?
That is where a good IBC agent will come in. They can design the policy with the highest cash value. Because of the IRS rules, you will need a certain level of death benefit
@@InfiniteWealthConsultants thank you for your response! I may need to give you all a call!
@@jeangraceNpeace6767 we would be honored to discuss if IBC is a good fit for you. You can find a link to schedule a Discovery Call with us and to listen to our podcast here linkin.bio/infinitewealth