07 Jan 2012 @ 11:04 AM 

How Long Should One Pay Life Insur­ance Pre­mi­ums For?

For as long as pos­si­ble or stop as soon as the pol­icy will fund itself inter­nally at parity?

My ques­tion to you is “When You Get Paid, Where Do You Put ALL Your Money?

Most peo­ple ask, “How Much Do I Have to Pay?” when ask­ing about the cost of Life Insur­ance. I know that a client has under­stood the enor­mous value of the prop­erly designed pol­icy with the most Infi­nite Bank­ing friendly com­pany when they ask me, “How Much Can I Put In?”

It has come to my atten­tion that many life insur­ance agents rec­om­mend their clients stop pay­ing their pre­mi­ums after their pol­icy has reached par­ity. What does par­ity mean in this instance? It means the amount of pre­mium dol­lars paid into the pol­icy equals the amount of cash value avail­able to use as col­lat­eral for pri­va­tized financ­ing strategies.

Once par­ity is reached in the types of poli­cies we design, the client no longer needs to pay pre­mi­ums to keep the pol­icy active because the val­ues gen­er­ated within the pol­icy design will cover the costs of the pre­mium for them. This is a won­der­ful insur­ance ben­e­fit in case one loses their job or one becomes ill etc. and can­not afford to make the pay­ments, how­ever, it seems this tac­tic is a way for insur­ance agents to set them­selves up for return busi­ness by open­ing a new pol­icy for the client 5 or 6 years down the road, but I believe, for the wrong rea­son — their pocket.

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 22 Dec 2010 @ 7:41 PM 

Choos­ing the Right Life Insur­ance Com­pany for IBC (Infi­nite Bank­ing Concept)

How does one choose the right LIC to prac­tice infi­nite Bank­ing with?

Thanks, GL

Hi Gary, This is a very impor­tant ques­tion as a client must under­stand the dif­fer­ences between insur­ance com­pa­nies before being able to make an informed deci­sion about whether what they are being told is a great com­pany with a great prod­uct, really is prop­erly set up for banking.

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 16 Dec 2009 @ 11:07 AM 

Watch the  CNBC inter­view video below about how Whole Life Insur­ance is a safe asset that should be con­sid­ered for your port­fo­lio. You can be sure of a beyond decent return.

It is now an asset class for the gen­eral pub­lic. It has always been for banks, cor­po­ra­tions and col­lege endowments.

Click here to view video

9 rea­sons to add whole life insur­ance as one of your assets, accord­ing to the CNBC interview.

 

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