Podcasts Business Wade Borth - Sage Wealth Strategy How Powerful Is The Loan Provision In Your Policy

How Powerful Is The Loan Provision In Your Policy

Published: Dec. 5, 2023, 10 a.m.

In today's episode Wade talks about the Infinite Banking Concept (IBC) and why it's more than just interest rates. While interest rates matter, the real focus should be on control. Your whole life policy, whether new or old, is the key. Forget the noise about interest rates; it's about who controls your loan. Take a listen to hear how becoming the banker in your life can transform your financial decisions.

Episode Highlights
01:27 \xa0- Explanation about how the whole life policy works and the benefits of the infinite\xa0
02:54 \xa0- Suggestion to separate the conversation about interest rates and to whom it's being paid. \xa0
03:37 \xa0- Explanation of a loan policy where the loan holder has guaranteed, first-position access to get a loan against the equity in their policy. \xa0
04:10 \xa0- Contrast between home equity loans from banks and loans from life insurance policies. \xa0
05:00 \xa0- Discussion on the benefits of an unstructured loan and the importance of discipline in repayment. \xa0
06:57 \xa0- Importance of being in control of your own business decisions and loan repayments, instead of letting the bank call the shots.
08:15 \xa0- How having control over your finances can help you handle unexpected obstacles more effectively.
09:47 \xa0- Reiteration of the importance of focusing on loan guarantees and an unstructured loan provision over the interest rate.

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Episode Resources