What do you believe is the biggest benefit you'll get from becoming your own banker? Comment below! Ready to get started? CLICK HERE 👉 www.ascendantfinancial.ca/byobcall
Your explanation of infinite banking is clear and concise. The potential for building wealth through this strategy is mind-blowing. Can’t wait to dive deeper into this concept! -Macy (Team Evan)
Indexed Universal Life (IUL) and Maximum Premium Indexing (MPI) are variations that also provide cash value accumulation and potential for higher returns based on market performance.
Ok, but how do you protect yourself from being “disposed of” in order to access those contracts/DB? Also, how do you make sure that what you leave to your loved ones is not misused or become detrimental to whoever receives it? I don’t mean to sound somber but we do have to think about 1-our own safety and 2-that the legacy left behind goes to good use. Otherwise, you better die with nothing 🤷🏻♂️
Taking these steps now means less headache later and peace of mind that your family will be taken care of the way you want: Get it in writing - handshake deals are nice, but contracts keep everyone honest Keep important papers somewhere safe (and make sure your family knows where) Find advisors you trust - and actually listen to them Be smart about how you pass things down - sometimes a trust makes more sense than just writing a check Show your kids the ropes with money before they need to handle it themselves It's okay to set some ground rules about inheritance - it's actually better for everyone
What do you believe is the biggest benefit you'll get from becoming your own banker? Comment below!
Ready to get started?
CLICK HERE 👉 www.ascendantfinancial.ca/byobcall
Your explanation of infinite banking is clear and concise. The potential for building wealth through this strategy is mind-blowing. Can’t wait to dive deeper into this concept! -Macy (Team Evan)
The start of this was so good as it relates to RE investors looking at this as an area to store their capital in between projects.
Also known as bank on yourself... Essentially using the whole life insurance... Now even IUL or MPI to do this
Indexed Universal Life (IUL) and Maximum Premium Indexing (MPI) are variations that also provide cash value accumulation and potential for higher returns based on market performance.
Ok, but how do you protect yourself from being “disposed of” in order to access those contracts/DB?
Also, how do you make sure that what you leave to your loved ones is not misused or become detrimental to whoever receives it?
I don’t mean to sound somber but we do have to think about 1-our own safety and 2-that the legacy left behind goes to good use. Otherwise, you better die with nothing 🤷🏻♂️
Taking these steps now means less headache later and peace of mind that your family will be taken care of the way you want:
Get it in writing - handshake deals are nice, but contracts keep everyone honest
Keep important papers somewhere safe (and make sure your family knows where)
Find advisors you trust - and actually listen to them
Be smart about how you pass things down - sometimes a trust makes more sense than just writing a check
Show your kids the ropes with money before they need to handle it themselves
It's okay to set some ground rules about inheritance - it's actually better for everyone
When is enough ..... enough?!?