E52: The Big Danger of Universal Life Insurance

We discuss the dangerous pitfalls of trying to use Universal Life Insurance to act as a bank. Plus, we explain why Participating Whole Life Insurance as your IBC banking tool is far superior.

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Topics Discussed:

• The brief history of ULI as it related to Infinite Banking.
• How and why ULI backfired
• What ULI really is, in simple terms
• A real life example of devastating loss and failed promises of ULI
• Not being misdirected by an empty promise of guaranteed rate
• Understanding the lack of guaranteed cash value in ULI
• Indexed Life
• Variable Life

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/