Should I use an IUL for Infinite Banking?
Episode description
On the surface, an IUL seems like it could be a good fit for the Infinite Banking process. It's often classified as a "permanent" life insurance product, it has accessible cash value which can be collateralized via policy loans, and it might even grow more quickly than a tradtional whole life product!
Come join us as we lay out the basics of how IUL's work, and then present an informed opinion as to whether they're the ideal choice of financial vehicle for someone looking to begin practicing the Infinite Banking Concept.
"I never sold one of those policies - and I would never buy one. I do not recommend its use for the Infinite Banking Concept.". -R. Nelson Nash, Becoming Your Own Banker, Unlock the Infinite Banking Concept.
Connect with Doug MacKenze:
Website: Control Capital Solutions
Email: dmackenzie@controlcapitalsolutions.com
Connect with john Fox Ward:
Website: Nash Cashflow - The Nash CashFlow Group
Email: John@nashcashflow.com