We believe that insurance plays an important role in managing risk and protecting you and your family from unforeseen events. However, we also believe that some salespeople take advantage of the unsuspecting public through difficult to comprehend policies that aren’t always in the best interest of the consumer. One of the more popular concepts is called“infinite banking” or “bank on yourself.” Is infinite banking a good investment?
Research and resources from this episode:
- Compound Annual Growth Rate (Annualized Return)
- Instant Life Insurance Quote
- What is the cash surrender value of life insurance?
- Direct Recognition vs. Non-Direct Recognition: Does it Matter?
- Understanding the Power of Dividend-Paying Whole Life Insurance
- Whole Life Insurance Dividend Rate History
- Paid-Up Additions (PUA): A Deep Dive into Whole Life’s Cash Value Booster
- Is whole life insurance right for you?
- Term Life vs. Whole Life Insurance: Differences and How To Choose
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