Fact or Fiction - podcast episode cover

Fact or Fiction

Breakaway Wealth Podcast
Aug 17, 2021•24 min
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Episode description

In This Episode:

Jim Oliver and Nick Kosko discuss fallacies and common myths about Infinite Banking Concept.

 

MYTHS Discussed in this Episode:

  1. All policy loan interest is no longer income tax deductible.
  2. The fixed loan rate on policies is 8%.
  3. Non-fluctuating, non-guaranteed variable loan rates used by some companies are dangerous.
  4. MEC restrictions on policies allow all withdrawals  to become taxable.
  5. Companies are being sneaky by revising mortality tables to reach age 121.
  6. Estate planning and taxation have changed making life insurance banking concepts less effective and efficient.



Follow along with this episode on YouTube

 

Connect with Jim Oliver:

Facebook: CreateTailwind & Jim Oliver

Website: https://createtailwind.com/

YouTube: CreateTailwind

LinkedIn: Jim Oliver

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