InfiniteBankingSimplified: Recent Episodes
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Through Infinite Banking, anyone could accumulate the resources to invest in passive income generating assets and also obtain their lifetime financing needs for cars, vacations, businesses, professional practices, retirement income, children’s or grandchildren’s college education, and home purchases from policy loans and dividend payments, rather than from traditional banks or other financial institutions, and in the process, increase their wealth by a substantial amount over a lifetime.
The terminology of direct recognition and non-direct recognition refers to the method that the insurance companies use to treat dividends when there is an outstanding policy loan.
One of the best “living benefits” of a whole life policy is the ability to borrow against its cash value. As the cash value accumulates, you can access from 85 to 90% of it in the form of policy loans at any time, for any reason, with no questions asked.
The reasons to obtain policy loans are only limited by your imagination.