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.

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https://livingwealth.com/e132

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:

* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/

* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/

* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/