Infinite Banking Loans Using Whole Life vs. 401(k) Loans.

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Күн бұрын

Infinite Banking Loans by borrowing against Whole Life insurance often reminds people of using a 401(k) loan to borrow from themselves. However, Whole Life loans for IBC are actually different and potentially much better since your entire balance stays compounding for you. Watch Hutch boil down and simplify the intricacies of borrowing against your policy in this video about life insurance loans.
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Пікірлер: 10

@BiscuitBoyTN 5 жыл бұрын

great explanation

@starxtravaganza 5 жыл бұрын

Question... Do you know any whole life insurance companies who let you borrow at the start of the policy?

@JenniferBarner06 Жыл бұрын

Great job breaking this down.

@tylerk538 Жыл бұрын

Phenomenal Video my man. All of these so called "Finance Guys" have no idea how to actually utilize the benefits of a whole life 10 pay or what have you... It isn't built to rival the gains on a retirement account, it's built to free up YOUR money to work twice for you.

@low7free206 5 жыл бұрын

After starting a policy, how long must I wait before I can borrow from a bank?

@BankingTruths 5 жыл бұрын

It depends on the carrier. Some allow loans as soon as you start a policy and your premium is credited to cash value. Some you must wait a year.

@mejiamook3539 2 жыл бұрын

Hey man so I’m 18 and I’m trying to get a 20k loan or more. But if I get Life insurance which one should I get and if I do and pull out that loan will I have to make payments to the loan and my life insurance as well or just 1?

@BankingTruths 2 жыл бұрын

You should probably pay both