Old Policy Review
Jason and Kyle review policy performance from a policy put in force in 1966. Top points discussed: 1. Policy rate of return 2. Policy structure 3. This shows how powerful whole life insurance is over your lifetime
Jason and Kyle review policy performance from a policy put in force in 1966. Top points discussed: 1. Policy rate of return 2. Policy structure 3. This shows how powerful whole life insurance is over your lifetime
Jason and Kyle talk about the idea of using other people’s money (OPM) and how advantageous it can be. Top points discussed: 1. Debt is not inherently bad. 2. All debt is not the same. 3. How can it make sense to take 30+ year loans. 4. The benefit of paying other people interest for access to their capital.
Jason and Kyle walk through Nelson Nash’s 5 Rules for Infinite Banking which include: 1. Think long range 2. Don't be afraid to capitalize 3. Don't steal from your system 4. Don't do business with banks 5. Rethink your thinking
Jason and Kyle discuss the big picture of Infinite Banking. Top discussion points: 1. You should focus on the process over the product. 2. The process allows you to take advantage of opportunities that come to you throughout life. 3. The policy itself will not make you wealthy. 4. Having access to capital is the most powerful financial tool you can have.
Jason and Kyle continue their frequently asked questions series with part 2. Top discussion points: 1. How many years do I need to have a policy before taking a loan? 2. How much of initial premium do I have access to right away? 3. Does cash value only go up or can it go down? 4. Do you have to take policy loans to earn interest? 5. What is the dividend?
Jason and Kyle breakdown the difference between non-direct and direct recognition. Top discussion points: 1. Is one choice better than the other? 2. Direct recognition policies credit dividends differently on the amount of dollars that are loaned out on policy loans. 3. Non-direct policies do not recognize policy loans and credit the same dividends to the total amount of cash value. 4. There are both fixed and variable loan rates for policy loans. 5. The reason why you must pay interest to the insurance company when using policy loans. Blog Link: https://cashvaluesolutions.com/blog/direct-and-non-direct-loan-recognition