Yes. Any permanent policy can be used for private banking. The official Infinite Banking design is overfunded, not maximum overfunded. That gap is the whole strategy.
whole life vs iul
9 posts
In this article, I am going to debunk one of the most pervasive myths regarding Indexed Universal Life (IUL). Will the rising cost of insurance cause an IUL to lapse? You should understand that as an independent life insurance agent, my goal is simply to make sure that my clients […]
Is IUL a good investment? It sure has a lot of negative press, doesn’t it? But is it warranted? Not at all. I’m going to set the record straight in this article. If you are concerned that IUL is a good investment, keep reading. First off, I just want you […]
This article explains IULs by comparing IUL to whole life to show how much they are alike and the key differences. We also debunk IUL myths.
Private banking strategies like The Double Play require a maximum over-funded life insurance policy to get the most benefit. Not every "over-funded" policy is funded right up to the legal Maximum (Minimum non-MEC). The best way to know that your policy design is funded right to the minimum non-MEC threshold is to look at the ratio of the cash value to the premium in the first policy year of your Illustration. If it is not 85-90%, then the policy is likely not designed right.
How often do you hear the recommendation to “Buy Term and Invest the Difference” when the subject of permanent life insurance comes up? Do you accept that statement at face value? Or are you like me and you need to see some proof? The Premise The premise behind “Buy Term […]
Podcast for Patriots - Podcast Interview with Tom Rutkowski discussing Investing in Real Estate Using Life Insurance.
There is a lot of fear-mongering about life insurance on social media. The Whole Life guys are bashing IUL. The IUL guys are bashing Whole Life. Securities guys are bashing life insurance. I don’t know what your motive is in making such a blunt statement without providing any facts to […]
Beware of Whole Life and IUL bias online. Both Whole Life and IUL are safe policies for The Double Play and Life Insurance Retirement Plans.