Simple Passive Cashfow

Impact of 7702 Rule IRC [Infinite Banking FAQ]

Next question impact of the 7702 rule IRC. This is the IRC change rule that just came out in December of last year. It goes into effect. Now, basically the insurance companies, they were mandated to provide a guaranteed gross 4% rate that will no longer apply for products in the future. The companies will […]

IBC Policy for Child [Infinite Banking FAQ]

Child

I can take this one. People are asking why don’t I do like an IBC policy for my kid, or they hear us talking about using this in lieu of the 5 29 plan, which I’m not a big fan of for their college savings or education. The big thing here is yeah, it’s cheaper […]

Underwriting Process [Infinite Banking FAQ]

Underwriting

The underwriting process. This has been all over the place. What’s involved? There’s a medical questionnaire. They’ll be looking at based on the information and pride on that. They’ll be also looking at your resident history, your driver’s record. They’re really looking at how you answer those questions, which should be truthful, but based on […]

What Happens on a Reduced Paid-Up

Reduced Paid Up

So there’s a question on reduced paid up. So a lot of times when we design policy, there is a certain desired funding period be it 5, 7, 10, or 15 years. To cut that funding period to the desired amount we do, what we call a reduced paid up. So that basically eliminates all […]

Does Age Matter When Starting a Cash Value Policy

young and old

Age, it does have a impact on the cost of insurance. But again, one way I particularly design it is that you’re minimizing the base premium anyway. It doesn’t have as much of an impact as one would think on the overall cash value performance of the policy. Again, a older person has less time […]

Policy Loan Rate

Policy loan rates. There’s a lot of discussion on this for the insurance companies, variable loan rates. Most of them are all tied to the Moody Corporate Bond Index Rate. Again, each company has also a floor variable interest rate. Some of them are at 4.5 or 5% as a floor, as a lowest total […]

Policy vs. Cash Value Collateralized Bank Loan

Bank Loan

The collaterized loan has a lower interest rate. And then just in red, again, it’s not necessarily huge cons. It should just for awareness, but you need to apply it. It could show up on your credit report from some people are being able to pull it out where it’s a business loan so it’s […]

How Soon Can I Take Out a Policy Loan

Policy Loan

How soon can you take out a loan? So I would wait to be safe, even though you fund the policy probably a day or two it’ll show up in your account and you’ll have it’ll show up as available loan amount and you could take out a loan. What happens in the most Insurance […]

Line of Credit/Loan [Infinite Banking FAQ]

loan

Alex, are you still there? That’s his policy. Yeah. Alex, just be aware that you’re not paying back yourself, that 5% interest is going to the insurance company. You may get some small trickle of that based on company’s profits gets paid back. That’s part of this goes to the dividend rate that you receive, […]

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