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re: Whole Life, Infinite Banking (IBC), Cash Flow
Posted on 6/5/18 at 10:55 pm to IglooTiger
Posted on 6/5/18 at 10:55 pm to IglooTiger
Save $100k to your own taxable account and utilize a security collateral loan.
$300k after 3 years could get you $175-250k of release value and keeping the cost of investing low.
Universal life may be just fine, and nothing wrong with it at all if used properly, but as mentioned; buy it primarily for the life insurance component.
$300k after 3 years could get you $175-250k of release value and keeping the cost of investing low.
Universal life may be just fine, and nothing wrong with it at all if used properly, but as mentioned; buy it primarily for the life insurance component.
Posted on 6/5/18 at 11:12 pm to LSUcam7
quote:this is my instinct but man in my past it has taken so much of my time, and even then sometimes it’s not granted or some other delay on decision. Lots of paperwork and questioning. And then you have to payback on their terms and not your own cash flow requirements.
Save $100k to your own taxable account and utilize a security collateral loan.
When the iron is hot, you have to strike. I have missed out on so many opportunities because I was waiting on credit sources to materialize, or lacked confidence that I could find the credit to fund the initiative in time.
This post was edited on 6/5/18 at 11:17 pm
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