The Q&A series is designed to help you become more knowledgeable in the Infinite Banking Concept®. Email us at [email protected] if you have a question you'd like answered in the series!
Make sure to like and subscribe to join us weekly on the Banking With Life Podcast!
Today's Questions:
0:24 - Money to fund a policy
1:09 - How often a policy pays dividends
3:33 - Interest on a loan
4:53 - Variable and fixed loans
5:39 - Causations of a lapsed policy
6:16 - Fees charged for holding money and exiting a policy
(Concerning "6:16",
A "Surrender Charge" is the terminology used in and specifically for Universal Life Policies.
If you surrender a Whole Life Policy early you can lose value, but it is not correctly called a surrender charge.)
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Disclaimer:
All content on this site is for informational purposes only. The content shared is not intended to be a substitute for consultation with the appropriate professional. Opinions expressed herein are solely those of James C. Neathery & Associates, Inc., unless otherwise specifically cited. The data that is presented is believed to be from reliable sources and no representations are made by James C. Neathery & Associates, Inc. as to another party's informational accuracy or completeness. All information or ideas provided should be discussed in detail with your Adviser, Financial Planner, Tax Consultant, Attorney, Investment Adviser or the appropriate professional prior to taking any action.
