E129: What Happens When You Cannot Pay Your IBC Whole Life Premium
Episode description
One of the most common questions we receive from our clients is what happens if I can't pay my premium? In this episode, we review and explain the different ways a policy can pay for itself and what options make the most sense depending on your circumstances.
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Topics Discussed:
- How long do you normally want to be putting money into premium?
- What is the least timeframe to see dividends and benefit from compounding interest?
- How to understand when something is not a true liability or money loss from payment
- Why your money should always be in motion rather than stagnant
- When to use an automatic premium loan
- Can an IBC Policy pay for itself?
- How long do we typically pay a premium?
- How should we consider premiums?
- What are the options if I do need the policy to pay for itself?
Episode Resources:
* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/