E39: The 3 Biggest Whole Life Insurance Myths Destroyed
In this episode, we will discuss the three biggest whole life insurance myths so you can clearly see how whole life insurance could work for you.
We try to reveal some things, common myths, common outside-the-box thinking strategies to help you. And probably the most important one to us is this thing called the infinite banking concept, how become your own banker.
And it uses this tool, whole life insurance, in a way that most everyone, including myself, including Holly, would have had no idea that whole life insurance could work this way.
One of the things that we’ve certainly found is there are a lot of myths floating around. And these are certainly prohibiting people, due to things they’ve heard in the past, from even opening up to this new concept and on how to use this tool.
Whole Life Insurance Myths Discussed:
- Is Whole Life too expensive?
- Rethinking how to use a policy today and secure tomorrow
- Payment Mentality vs. Deposit Mentality
- When and where term life insurance makes sense
- Is the rate of return on whole life terrible?
- On taxation
- Do you have to be young to purchase whole life?
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Whole life insurance to us and the banking … it’s not a buy and hold. It’s a banking strategy, which is money moving and being fluid.