Will Infinite Banking Work with Assets Other Than Life Insurance?
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- čas přidán 25. 08. 2024
- Clients often wonder early on why they can't build their own banking unit using stocks, bonds, or mutual funds. It's a perfectly valid question, especially for people who don't necessarily need life insurance protection for their family or business.
The truth is that you can actually use other investment products to build up a bank to borrow against, but a properly designed life insurance product has a unique combination of advantages that can't be topped.
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Very helpful overview! What about using property as a type of bank? Using helocs to borrow against the growing equity.
It can work in the right environment. Now is not ideal for HELOCs, but we like them as a backup. There are some very interesting IUL policies with locked loan rates. See how they work together at 4DBanking.com.
You covered Portfolio Lines of Credit, but you didn't cover Home Equity Lines of Credit
Extremely well done
Thanks. We try to come correct!
Hmm...coupla things. Margin calls normally don't happen in mutual/index funds. They mainly happen with options trading or speculative trading involving borrowing. Please don't mislead your viewers.
You're dead wrong bud! Margin calls absolutely can happen for not only mutual and index funds but also muni bonds. So please don't mislead your fellow trolls with wishy-washy language like "Margin calls normally don't happen...".
Do you get into IUL??
Yes we have several articles and videos on our site that focus specifically on IUL. Check out bankingtruths.com/indexed-universal-life-articles/
When does person gets all this compounding cash accumulated over period of term of policy? Does family gets all cask accumulated if policy holder dies along with death benefit? @banking truth
Trick question! Technically no, since the cash value is basically a down payment on the death benefit. However, when you purchase PUAs, your death benefit increases, so yes in a way because our clients often get substantially more death benefit than they started with from adding those PUAs into their cash value. Get it?
What’s PUAs?
@@prachsansare4675 Paid Up Addition. It’s quite literally buying more insurance thereby increasing the death benefit.