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Started By
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re: Whole Life, Infinite Banking (IBC), Cash Flow
Posted on 6/5/18 at 10:59 pm to meansonny
Posted on 6/5/18 at 10:59 pm to meansonny
quote:
You keep talking about loans. Unless you are dead set about leveraging, you don't have to use a loan to get access to funds. There are bonds paying 5% tax deferred
Yes, I’m absolutely looking for leverage. This is not an investment vehicle for me. I don’t give a hoot about the difference of 5% muni or 7% mutual fund. I want the ability get credit without question and payback without question, all while leaving the underlying compounding premium untouched.
Am I being bamboozled or does this seem right for my application?
4
Posted on 6/5/18 at 11:04 pm to IglooTiger
quote:can you create unstructured loans and flexible repayment plans using this as collateral? Can you get access to that loan without scrutiny?
There are bonds paying 5% tax deferred
Posted on 6/5/18 at 11:11 pm to IglooTiger
quote:
I want the ability get credit without question and payback without question, all while leaving the underlying compounding premium untouched.
The cash value life insurance won't continue to grow with the loan. It is cheap access to funds. But funds borrowed wont continue to accrue interest with outstanding loans.
If some is offering that, don't believe them until they can show you a policy jacket with it in writing. Cash which hasn't been borrowed against will not be suspended from growth. And future payments into the life insurance will continue to further the cash value. But you won't be permitted the low cost loan with growing interest on top of it.
Posted on 6/6/18 at 12:32 pm to IglooTiger
Also, make sure that whatever policy you buy as from a mutual company, and has non-direct recognition of dividends... this is very important, but takes a while to explain. Someone earlier in the thread provided a link
This post was edited on 6/6/18 at 12:37 pm
Posted on 6/10/18 at 4:06 pm to IglooTiger
quote:
Yes, I’m absolutely looking for leverage. This is not an investment vehicle for me. I don’t give a hoot about the difference of 5% muni or 7% mutual fund. I want the ability get credit without question and payback without question, all while leaving the underlying compounding premium untouched.
So why not invest it and secure a portfolio line of credit or a margin loan against it?
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