The Infinite Banking Concept Revisited – Interview with M.C. Laubscher


The infinite banking
concept revisited. That’s today’s show. Let’s dive into it. Hey, freedom fighters, welcome
to the Investing in Real Estate podcast. I am Clayton Morris. I’m Natalie Morris. And this is the show
where we focus on buy and hold real estate, helping
you create passive income so you can spend more
time with your family and hopefully attaining
financial freedom. And the vehicle that
we use is real estate. There are so many different
ways to buy real estate. There’s so many different
ways to invest in real estate. There are so many
different mechanisms to use to investing in real estate. We’ve had a guest here
on the show before. You might know MC Laubscher. He’s a wealth strategist,
educator, financial freedom fighter. He’s the president and founder
of Valhalla Wealth Financial, and he is an expert in the
infinite banking concept. Now, MC I think joined us
last year here on the show. We’ve had a number of
conversations offline over the past year. And we wanted to have
MC back on the show. Why, Natalie? Because, I guess, we’ve had
a lot of questions, right? Right. OK, so Clayton as
a broadcaster used to joke that if
you really wanted to get people to write
you about the segments that you were doing,
like viewers, then you had to do a segment about
pot or pit bulls, because that really riles up the viewers. But I’m going to add life
insurance into that list, because we’ve had a
lot of people write us with either questions
or opinions, or– I don’t know. I’m sure you already know
that the industry has a stigma attached to it,
just like real estate. But I think that there’s
still so much that most of us don’t understand, and so people
write us some complicated questions. I’m like I don’t know I just
read two or three books, and that’s all I can say. And I was looking through your
policies that you had sent us and I’m still trying to
wrap my head around them. I’ve had a lot of
travel this week. That’s why I owe you some
response time on that. But we thought, OK, well, let’s
just go to the horse’s mouth. So thank you for
being our horse today. Thank you so much
for having me on. And it’s funny, when you
mention that, it absolutely does have a stigma. If we look at a lot of
really great comedy movies, they always sort of feel
sorry for the guy that’s selling life insurance and
poking fun at him and– Isn’t that Willy Loman? I think he’s a life
insurance salesman, right? Yeah, I believe so. So there’s definitely a
stigma around this and a lot of different varying opinions. So I mean, I believe it was
Will Rodgers that one said, the problem with people
isn’t what they don’t know, it’s what they think they
do no that just ain’t so. And insurance is one
of those segments where it’s such a big
industry there are so many different strategies and so
forth, so definitely something to consider. Yeah. Yeah, so we had a
lot of questions. As you were talking
to Natalie, I guess, over the past couple
of months, there were so many different
things that you talked about with there’s not a one size
fits all approach to this. So one person’s experience
may be totally different than somebody else’s
experience, right? Yeah, absolutely. And it all depends on
insurance riders, too, and insurance professionals
that you’re involved with. I think there’s a
lot of people that– and I’ve seen all of these
comments online, too, and read up about them. And so I figured I’d just
share a couple of things that people that might have
read the book, Becoming Your Own Banker, or done the
research on infinite banking, some of the things that
they might have run into. And they’ve gotten a policy
and it wasn’t as promised and they have a bad
taste in their mouth. And I think one of
the biggest risks– because you have to look at
risk when you evaluate anything, right? One of the biggest things
is it’s probably not set up with the right company. It was probably not
set up correctly with the right agent that
knows how to set it up or is familiar with the
strategy, and that kind of ties into a little bit more
high level planning. I’ve had people that reached
out to me because I’ve spoken about it
and sharing this, so I’ve got them
emailing and saying, this wasn’t as promised, you
know, blah, blah, blah, blah, blah, and then looking into
it as this person listened to someone share the
strategy on a podcast or a show such as this. They went to just any life
insurance professional. The person had no idea how to
structure it, how to set it up, or with the right
company, so they’re not getting the outcomes
that they wanted or have it set up
the proper way. So I think that was one
of the biggest things that I’ve seen, if we look at
risks and mistakes around us. And that gets a lot of
people pretty heated when this does come into discussion. OK, so for anyone who
is just joining us and hasn’t been through
the various stages that we’ve been through
trying to learn this concept, let’s just give a brief overview
that whole life insurance used as infinite banking is a
way for you to pay into what is sort of a mix of a savings
account and a life insurance policy that you have forever,
and it gives you the ability to take out up to
90% of the money that you’ve contributed
into that account in order to lend to yourself. Do I have that right? Yeah. So what it basically is is
it’s an insurance policy structured a very specific
way in the plan design. There’s a lot of parts. This isn’t just straight whole
life, to use that phrase. So its designed in a
very, very specific way, with a mutual insurance
carrier, a very specific one, because that’s another pitfall. Mutual insurance
companies, the ones that are utilized
for the strategy they’ve been around
for almost 200 years they have a very
soundtrack record mutual insurance
companies are not listed on the stock exchanges. They are managed on
behalf of the shareholders of the company, which
is the policy holders. So interests are aligned. Very, very important part, that. And then to your point,
Natalie, that yes, it’s funded. There’s an insurance
portion of it. There’s a savings element to it. It’s also known as high
cash value life insurance. That term has been put
out there, as well. So it’s structured a
little bit differently. But yeah, you have
then the ability to borrow against your cash
value, the accumulated, and some companies allow
up to 90% of the cash value of the policy
to be borrowed from, and then you can then
utilize that money to invest in real estate. If there’s debt that needs to
be paid off, college funding, it’s important, also, to just
put it in there that this is not something that– this isn’t a 401(k) or a Roth. You have full control
over this policy. You have control of what
you want to utilize it for. There’s no restrictions
on the use where for instance, with a 529
plan, you’re only allowed to use it for education. This could be utilized for– people have used it for
vacations, for car payments, and so forth. I like to use it a
lot for real estate investing and real estate. So one of the
things that I think you might hear when
someone tells you this– and I’m trying to sort of
struggle like myself, where I’m like, is this short
sighted, or is this the way you should
see it– is that if I want to, say, borrow $50,000,
I have to save $60,000, right? So you always have to put in
more than you can actually use. So how do you wrap
your head around that? Yeah. And it’s a mindset thing. This is the important
thing to note, that the mindset
of wealthy people is they don’t think in
six months or a year, or two years, or three years. They think in terms
of decades, basically. So this is a strategy that
isn’t a get rich quick scheme. It’s a very diligent
way to build up. And as you mentioned,
there’s a load on this policy
initially upfront. But then you
basically recapture– not recapture, but there is a
break even point in the policy, to use that term, where
after a couple of years, you’ve put in, say, for
instance $150,000 in the policy, there’s now over $150,000
available in cash value, and the policy keeps
growing, and so forth. But yeah, initially,
there’s a load where there is insurance costs. This is an insurance policy,
a life insurance policy. There are different strategies
of how we design these or how to reduce and limit
insurance costs, which is important to note. You’re not building the
whole thing on whole life. That’s one mistake that
I’ve seen a lot of people make out there when they just
go to just a regular insurance professional. So there’s many different
things that we both display, and on and with– riders, to use a technical term,
but not to get too technical. But yeah, then if you’re
going down the year and you’re looking 10 years
from now, 15 years from now, 20 years from now,
30 years from now, to where to warehouse your
wealth and to hold your money, it’s a very powerful strategy. And I just want to use the
word strategy, and processes, and systems, because
that’s how wealthy families and individuals think as well. They don’t think in terms
of the necessary products. We’ve kind of been indoctrinated
a little bit with Wall Street to think of shiny
little objects. And we’re always chasing
the next product. First, you have your goals,
which you and Clayton have covered on the show. And then you put processes
and systems in place to achieve those goals. This forms part of that
processes and systems. So as far as the
interest goes, that’s where some of our investors
are curious about. So how does the interest work? Am I making any
money off of this? Does the interest
come back to me? How is that structured? And how do you address
those questions? Yeah, that’s a great question. So as a holder of these
policies with mutual insurance companies, there’s a
guaranteed portion of it. Your principal’s
obviously guaranteed. And then there’s a
guaranteed portion of growth. Some of them differ, but let’s
just say a baseline is 4%. Then, because you
are a shareholder in that company, when big large
mutual insurance companies are profitable, the shareholders–
which is the policyholders– get to participate
in the dividends. Now, dividends are
not guaranteed. And dividends isn’t
just one number flat across the board,
right, every single year. It depends on the overall
performance of the company– again, very important
which company this is. And then those
dividends are then paid to the policy holders. Now, again, you have
to take a step back. This is a [INAUDIBLE] of
whole life insurance, designed in a specific way. It’s not apples to apples. When you say that there’s– let’s just use 6%, because
it ranges between 6 and 7%. But let’s just use 6% of
dividends that’s paid out. The 6% is paid into it. But there are insurance
costs involved as well. So I know that people run a
lot of numbers in their head right away. It’s more important
to take a look at it from the product standpoint. There’s many moving parts,
different riders and so forth. But that’s how they get access
to, or get these dividends paid out to them. And it’s paid
annually, which means if you’re starting a policy
and you’re looking to invest within the first year– which you can, and you
access that money– the dividends are paid at
your policy anniversary. So today– boy,
this year has flown. Let’s just say– it’s 26 October
today, we’re recording this. The policy was issued today. Your anniversary is the
following year, 26 of October. So that’s when the
dividends are paid. So it’s important to
note that as well. OK, and then one
thing that I’m still struggling with
understanding is, let’s pretend that we’ve
decided that for me, we’re going to start a policy on me. I’m 39 years old. I’m very healthy. I have three kids. And so we come around to
the fact that it would cost, let’s say, $1,000 a
month as a premium. OK? Yeah. So do I have to
pay that forever? For the health
insurance premium? So yes. So there’s a base policy premium
that’s structured, right, that we built into this plan. We have definitely structured
plans for everyone. So it’s a case by case. But say, for instance,
you are looking to fund that up until age 65. Then it’s paid up,
quote, unquote, at 65. There’s 10 pay plans,
there’s 20 pay plans. There’s different
structures of these vehicles with different companies. So for instance, I
usually share that there’s different strategies for
someone that starts at age 21 than for someone that’s
in their 30s and 40s, than for someone that’s in
their 50s, 60s, and 70s. All of them can utilize this as
part of their wealth strategy, depending on what outcomes
they’re looking for and what problem
they’re trying to solve. But yeah, to your point,
you’re healthy right now. And you’re still–
you’re 39 years old. So you’ll get a pretty
good base policy premium, which that premium
doesn’t go up as you get older. So it’s not also the
Wall Street assets under management
kind of structure, where as the money grows– Like I’m grandmothered
in to this rate, right? Right, right. OK, yeah. And then if I want
to stop paying it when it’s fully funded,
then it’s just, that it? It’s done? Yeah, depending on the structure
that you have– a 10 pay, a 20 pay, if you’re
paying it up to 65, there’s different ways,
yeah, that we can, quote, unquote, stop paying it. There’s, for
instance, strategies that we show of people
that have started this. But then, their success
is better than expected. So they go well, I don’t like
to keep funding this right now. My system’s up and nice. I’ve got some nice
passive income coming in. I don’t like to keep paying it. So there’s options of taking the
dividends then, for instance, and having the dividends
pay the base policy premium and so forth. So it gets a little
bit more technical. But I think what I
want to drive home for folks listening to
this and watching this, that there’s
different strategies, while you have the policy,
of how to get it paid up and utilize it. OK. One of the questions that I know
Natalie had said before on one of our podcasts was
about the children, and utilizing your
children and setting up a policy for your
children in order to have their own policy,
that when she turns 16, that she can just use her
policy to loan herself money to buy a car, et cetera. But one of our investors
had written and said, but think about this. Even in the best case
scenario, your daughter would be paying a
3.75% percent interest rate to the bank that
collateralizes her whole life policy? But is that a good deal? I don’t know about you,
but my last car loan was a 1.9% interest rate. So what do you say about
that, the naysayers about the difference in
interest rates there? Is that valid? Yes, so how these
insurance companies work is that there’s a pool of
money in their general account that they set aside
for policy loans. So for instance, right
now it’s running about 5% if you borrow against it. Now, absolutely, can you
get a better rate than 5% out now in the marketplace? Absolutely. There’s a couple of
things to consider. And I know people will probably
run a ton of different numbers. And I’ll be interested to see
the comments on this as well. The first thing
to take in account is, insurance traditionally has
been a pooling of resources. We’re all pooling our
resources together. It’s been the bedrock
of society, really, of taking care of families. It’s done the same way
in the general account. So I just wanted
to clarify this, because there’s a
lot of confusion on the internet
about this as well. And people are making
very bold claims, and people arguing
for and against. When you borrow–
take a policy loan, it’s from this general account. It’s not from your
policy, number one. And when you pay
back the interest, it is not paid directly
into your policy. It’s paid into the
general account of the insurance company, where
we’re all pooling resources. Now, this general account
ties into the profitability of the mutual insurance company,
which then distributes it indirectly in the
form of dividends at the end of the year. So it’s not directly credited. I just wanted to
mention that as well. But yeah, so to address
your question directly, when you purchase, for
instance, that car– yeah, when you borrow at 5%, can
you borrow at a cheaper rate? Absolutely. You’re still getting
the growth in the policy right there, because there’s
a couple of different ways to purchase something. We could purchase
that car with cash. The cash is gone;
we have the car. Now the opportunity cost
is gone for that money. So by having the
money in the policy, still growing at a
predictable rate, still earning dividends–
on the one hand– of it, borrowing at 5% and
then paying it back, there’s also two
other factors at play. And this is something
that we could run numbers on this, different numbers. But there’s compounding
interest on the one hand. And then there’s
a principal that’s being paid down
on a monthly basis and interest on the other end. So when you look at
certain ways of doing it in specific situations,
you do still come out ahead by purchasing
the car in such a manner. And again, I’m happy
to hear the comments. There’s different
ways of numbers there. But yeah, in the case
of specific cases, you do still come out ahead. The other thing– and you
talked about children’s plans. It’s so important. I have a 5-month-old son. He already has a
policy set up for him. And what it does is basically
structuring something, positioning and putting
a savings plan together for him that’s his money, that’s
not in the casino and Wall Street, that we still, as
parents, have full control over, growing nicely
and predictable. When he’s 16, there
will be money in there for him to purchase a car. The lessons that go
along with it as well– teaching him how to
borrow and paying it back, showing him the numbers– why we do this, how we capture
our wealth in our own economy. And then, for
instance, with my son, he’s going to have
to pay that back before we go into
the next phase, which is college, which the
money will be there for him as well to go into. So that’s another thing. And then as it progresses
through his life, what he will have in place. And at that stage there’s a
death benefit as well for him, for him and his family. There’ll be money in there to
purchase a home, for instance, or invest in real estate. And when he’s 60, 65, I know
that my son– the back end of that is already
taken care of as well. It’s extremely powerful, and
empowering families and people to do it in such a manner. And for children,
that’s one of the things that I find I get a
lot of professional– I’m grateful every time I’ll
be able to do that for someone, just because I see the
massive changes that you will do in a child’s life. Now, can you talk
to us a little bit about shopping for these
products, because I read these books. And I was like, OK,
let me go online. And that’s not a good
way t go, because you can’t tell which
insurance products are going to allow you
to borrow from them and which ones are not. Very, very good question. So what I would say
is, there’s a couple of really great organizations
in the United States that train specific
life insurance and financial professionals of
how to structure these plans, and also provide coaching for
their prospective clients. And one group that
I’m part of, too, is the Infinite Banking
Practitioners group. It’s the Nelson Nash Institute. If you’re working
with a professional from that institute
and that association, you know that they know how
to structure these plans. They know with which companies
to structure these plans, and make sure that
it’s set up correctly. There are other groups as well. Prosperity Economics
is a great group that’s doing fantastic work
in that field out there. Some folks might
have come across Bank on Yourself, also some really
good value that they offer. And then there’s also– there’s a group called
The Wealth Factory, which is also focused around that. It’s all high cash
value life insurance structured in a specific way. These people have gone and
taken on additional training, coaching, education,
so that they know how to set up
these plans correctly and with the right company. So I would feel very,
very comfortable if any of your
listeners reach out to any of those professionals
of some of those groups that I’ve just mentioned and
start a conversation with them. They’ll be able to help you
and guide you in the right way and have these set up correctly. They will also be able
to share some resources. So a big part of this is
education and teaching, because it is a
mindset shift, right? It’s the Robert
Kiyosaki philosophy of– we all have the exact same
amount of asset classes we can invest in. We can invest in them as
poor and middle class folks or how the wealthy
invest in them. Insurance is just
another vehicle. It’s the same thing, where
not all policies are equal. Not all strategies are equal. I’ll give you an example. If we look at the tax
code, the IRS code, there’s a lot of similarities
between insurance and actually between real estate. I chuckled the first
time I saw this. I’ll give you a good example. In real estate, we
have a 1031 exchange that I know you
guys have covered. In insurance, there’s
a 1035 exchange. Oh. So these vehicles
dovetail really nicely, because the wealthiest
families use them and know how to utilize them, and
also have a team around them of professionals and
advisors that know how to structure them properly. Well, great stuff. And sorry to throw you
to the wolves today, M.C. But no one better to
answer some of these more difficult questions
that have been coming in since our last episode. And I know we have a
ton more questions. So we’ll have to have you back
for round three and round four, as more people fire
their questions into us. Yeah, maybe we’ll
throw in some questions about pot and pit bulls, if
you wanted to take that on too. Yeah, we could have that too. M.C., how can people
get a hold of you? Yeah, so I think they could
go to cashflowninja.com. There’s also one of
my podcasts on there. There is a webinar with– where I actually have
taken a bunch of questions and compiled them into this. It’s at
cashflowninja.com/bethebank. Valhallawealth.com is my
home page for my company. It’s a little harder to spell. So that’s why I
direct people a lot to the
cashflowninja.com/bethebank. It’s a little bit of an
easier URL to get to. But I really appreciate
your time in having me on. And I’ve seen a lot of
emotions on the comments. I’ll be happy to
review them again. And if there’s any
other questions, I’d be happy to come on
and address them again. Perfect. Well, M.C. It’s
been our pleasure. And thank you again. Yeah, thank you so much
for joining us today. We really appreciate it. Thanks so much, M.C. Thank you so much
for having me on. And thanks to all of you for
downloading and subscribing, and getting heated around pot,
pit bulls, and life insurance, and sending us your most
interesting questions today on the show. We’ll be back with another
episode of the Investing in Real Estate Show. I don’t care if you
use life insurance. I don’t care if you use cash. I don’t care how you do it. Go out there and take action and
become a real estate investor. We’ll see you next time. Bye.

34 thoughts on “The Infinite Banking Concept Revisited – Interview with M.C. Laubscher

  • 15:32 Appreciate you including my question, Clayton. But why did he never answer my question?!? Why can’t he just admit that it’s dumb to borrow at 4% when the bank offers you a car loan at 2%? It sounds like he is saying that policy holders should be happy to pay higher interest through the whole life policy because it benefits the insurance company. Wow.. so his advice is that paying HIGHER interest is the road to financial peace… red flag 🚩🚩🚩

  • 1. The objective of the insurance company is to make a profit not help investors.
    2. Why would anyone want to pay interest on their own money they have already earned and saved ?

  • Always do what is best for your family. Thank you for showing us the research that you are doing so we can follow the process. As a real estate entrepreneur, asset protection is extremely important and a whole life policy is an asset that if structured improperly could be attacked in a law suit. Therefore it may be beneficial to have your holding company own the policy. I would also suggest looking into an IUL (Indexed Universial Life) policy and/or a solo 401k (QRP) just to compare the differences.

  • Great video and questions. After watching this video, I'm more skeptical of whole-life insurance than before. At 12:24 Natali talks about funding the account at $1000/month (not sure what the payout to the family would be in the event of death so I'll assume $500,000 payout). Instead of paying $1000/month, why not pay $50/month for a 20 year $500,000 term-life insurance policy and use the extra $950/month to either save in a money market or CD or invest in mutual funds or rental real estate or buy a car when you need it? That sounds better than borrowing your own money at 5% interest. It seems like if you use whole-life, you'd have a huge chunk of your money tied up in a policy that makes it expensive for you to use your own money. I love the discussion, but I don't think I'm following why whole-life insurance makes good investment sense. Investing $950/month for 20 years in mutual funds (assuming 8% growth/year and re-investing dividends) and paying $50/month for 20 year term-life seems like a much bigger gain to me.

  • Hi Clayton & Natali,
    I’ve had questions about this too. You have cleared it up for me. I had talked to a few insurance people about it, but I did not buy, because I did not know how to verify what they were selling. After watching your video I know that they were just selling and maybe I would get the right policy. I would rather borrow from myself and pay myself back, then make someone else richer. Thank you for the video!

  • I don't see how this strategy is beneficial. It's not reassuring that the guest lectures us on how wealthy people think and appeals to family devotion instead of clearly describing the financial advantage, if any, of this financial product. I hope you haven't tarnished your brand by inviting this guest on.

  • Great video and I like MC Laubschers work but I think an important key point was missing. Yes you can borrow money at a lower interest rate from a bank than collateralizing it from your cash value account. For example our policy let’s us borrow money from our cash value account at 4% however we are also currently making compound interest at 4%. Essentially you are loaning the money to yourself at 0%!

  • Whole life can be used as an investment vehicle while assuring that if you die the invested money will go to the chosen beneficiary.
    You essentially use the life policy to invest the money you would invest for retirement or business use such has equipment buying or real estate investing. Then for every big purchase you make car, wedding, putting kids trough school,investment,RRSP contributions,TFSA contributions. Your borrow from the pool of money you accumulated and repay it has a normal loan restabilising the money reserve. When you do that all money repaid reactivate the death benefit. Sure you pay a 4 to5% interest but your colateral is still earning you dividends and interest so you have a 5% decreasing loan on one side and an increasing dividend paying colateral cancelling the interest on the other side. The longer the policy is in place the more dividends accumulates and the more you can borrow without ill effects. At the end of your life you leave a tax free death benefit and the next generation can use the amount to create similar even bigger life insurance policies giving out huge dividends each year and a self borrowing power for anything.

  • Something that no one says about the subject his if you want this to work for you, you need to take a contract with a mutual or fraternal insurance company. They take care of the insured compared to big companies wich take care of stocks holders not the insured. The mutual company usually give better rates of return,better dividends and you start accumulating cash value years before the other guys.
    Mutuals also try to keep operating cost low so they have less offices than big ones. This means more dividends for the insured.

  • Clayton… Im gunna need you to do me a favor.

    I need you to get this guy and Dave Ramsey sitting across a table from each other discussing this strategy.

    I am eagerly awaiting that video !

  • Nice discussion. Natali and Clayton, you should get a financial calculator for these discussions, it would be really helpful. Truth concepts has a real estate version. http://truthconcepts.com/

  • Clayton, He is right on the money with this! It would greatly benefit you to look into the wealth factory, and dial in Garrett Gunderson for more information. Killing Sacred Cows, was his NY times best selling book about this topic! I highly recommend it.

  • Great video, glad there's more awareness of this strategy. Recently I've acquired a policy from a very large mutual insurance company for this purpose. Comment if you'd like me to connect you with my advisor. God bless

  • So… wealthy families made their fortunes buying life insurance? I don’t think so. This is all based on borrowing your own money, totally at odds with using other people’s money. What’s better, tie up your own money so you can borrow it from yourself (even at 0%), or borrow someone else’s money at 4-5% to give yourself a higher return? All these layers of coaches and advisers and of course sales teams, all making very hefty commissions from YOUR premiums. It may be creative financing, but sure doesn’t seem like favorable terms.

  • im confused. wouldn't work better to put the money in a mutual fund and use the fund as collateral to get a loan. what am i missing?

  • Sounds interesting but it would be nice to see some actual numbers. Especially would like to see the calculations as to how a 5% loan from an insurance company is better than the car manufacturer loan @ 1.9%.

  • I bought my first house a year ago, it was a learning experience. I am ready to buy my 2nd house. I wanted to ask you. What company would you recommend to use as a leander?

  • Hey this guy forgot to mention. You can use the policy as a home equity collateral asset. And borrow money from the bank with a even lower rate then the insurance company. Only down side is you will need to bring you income paper and full credit check so the bank can know you are qualified for the loan. Same way as HELOC

  • A lot of moving parts. A lot of chatter but no real answers or anything specific that I was able to hold on to. I am more confused after watching this than before. To me it just seems like I am just shacking up my money with an Insurance Policy till I die and the real winners will be my family who cash's out on the wealth. But it is not wealth because instead on owning the money that I had before I put it into the policy, I am perpetually and eternally paying to borrow MY money until I day. Maybe I am short sighted but at this moment, I am NOT a fan.

  • Maybe it’s just me but a visual might be nice. I understand the explanation is complicated but this explanation was just vague to me. After 30 minutes I don’t think I learned anything. I will do some research on this as you guys recommend to be aware of this resource and I value your opinions very much.

  • Just to add some more wood on the fire. Nationwide Ins. would send me a 1099 for the dividends added to my whole life policy. Yes, it was taxed. And taking a HELOC loan at 4%, you can write off the interest. So, pay taxes on dividends or write off HELOC interest.

  • Folks might be surprised to learn that banks, those institutions that manage large sums of money, put THEIR money in whole life insurance. Google BOLI or search any big bank's balance sheet and you will see the LARGE amount of money banks put into these policies.

  • I wish he could talk half as much and actually say something meaningful, instead of talking in circles and skirting every question.

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