E132: How Dividend-Paying Whole Life Grow and Allow for Being Your Own Banker
In this episode, we discuss how dividend-paying whole life insurance policies grow and why they are the only tool in the financial world that allows you to become your own banker.
Topics Discussed:
- Changes the IRS is making to dividend-paying mutual whole life insurance that may will impact you
- Why no other financial product affords you the ability to be your own banker
- Modified Endowment Contracts
- Context from the history of whole life insurance policy regulation
- The folklore of a guaranteed 4% and what it really means
- How to think about the death benefit vs. the living benefit of policies
- Understanding guaranteed cash values
- Comparisons of IBC against other financial products
Episode Resources:
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