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E129: What Happens When You Cannot Pay Your IBC Whole Life Premium
Manage episode 304352924 series 1299547
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.
~ Access our Masterclass FREE to podcast listeners here:
https://livingwealth.com/secretbanking/
~ Get resources and transcripts from this episode by visiting:
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/
232 episode
Manage episode 304352924 series 1299547
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.
~ Access our Masterclass FREE to podcast listeners here:
https://livingwealth.com/secretbanking/
~ Get resources and transcripts from this episode by visiting:
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/
232 episode
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