Top Questions About Infinite Banking, Part 2

In part 1, we started discussing the top questions about Infinite Banking that we hear all the time. This week, we’re finishing up the conversation, so that you can make a decision about Infinite Banking with confidence.  https://www.youtube.com/watch?v=xNKGjD5eEIg Hopefully, we’ll cover the question on your mind. (And if we don’t, check out Part 1 of this conversation to see if we’ve covered it there.) So, if you want to clear up your doubts, find out exactly what to do about your concerns, and know what to do next, join us for the conversation! Table of contents* Strategy vs. Product* Your Top Questions About Infinite Banking, Answered* 1. How do I compare illustrations effectively?* 2. Can’t I get better growth with an IUL?* 3. Can I use my home equity instead of life insurance?* 4. Do I make enough money to have or benefit from insurance?* 5. Is it the right time if I’m in a big personal or business transition?* 6. Am I too old for life insurance?* 7. What if I’m not in perfect health?* 8. I have stores of cash now, what if I don’t want to commit to ongoing funding?* 9. What happens if I become unable to pay my premiums?* 10. How can I trust this if no one I know is doing Infinite Banking?* Book A Strategy Call Strategy vs. Product Before we begin our conversation, it’s important to note the difference between Infinite Banking as a concept, and whole life insurance as a product. As a product, insurance offers many benefits that we advocate for--growth, liquidity, asset protection, and more.  On the other hand, Infinite Banking refers to how you use your products. Insurance, on its own, isn’t “magic.” However, the way you design your policy, combined with the strategies you use to leverage that cash value, is what makes up Infinite Banking.  Now that you have that framework, let’s get into round two of your top questions about infinite banking. Your Top Questions About Infinite Banking, Answered 1. How do I compare illustrations effectively? When comparing illustrations between companies, it’s important to note that illustrations are projections, and are non-guaranteed. Although illustrations often have a guaranteed portion, you can expect dividends to be paid. Once dividends are paid, your entire projected illustration will change, as will projected dividends.  You can use illustrations as a good guideline, although so much will change from year to year,