E79: How To Know A Good Policy Fit And What Loses Money
We discuss how we assess whole life insurance policies to determine if they’re bad or good policy fit for you. We also share what you can do with your policy if it’s losing money.
This comes up a lot. When you start learning about this infinite banking concept, the first thought is, “Why didn’t I know about this beforehand?” Then when people come to us from somewhere else, we inevitably hear, “You’re telling me I could have been using this policy for all of these things over the last 20 years?”
It comes down to ensuring you are in the right policy first and now how to it them for optimal profits.
How to Determine a Good Policy Fit for You:
- Assessing which is the right policy for you
- Determining when a policy isn’t right for you
- What to do when an existing policy is losing money and not a good policy fit
- Policy premiums and how to understand them
- Matching policy premiums with your goals
- Policy in-force illustrations revealed
- Creating and understanding cash-flow
- How to know when to keep and when to get rid of a policy
- Which policies are and are not right for use with Infinite Banking
“That’s really what whole life policy evaluation is about: keeping policies that produce positive cash flow and getting rid of policies that create negative cash flow or very little positive cash flow.”“When learning about infinite banking, you must delve deep into it choosing the right policy for your goals.”“The goal is always to get you to the point where you’re at positive cash flow as fast as possible. Once you’re there, it’s just making money by moving money as banks do.”“Not all policies sold by mutual life insurance companies are right for infinite banking; only specific ones.”“When you buy a policy, you become an owner of that policy. You are an owner of the company, and they have to traditional be a participating whole life insurance.”
The Tree of Wealth: How to Build a Legacy FREE EBOOK