Understanding Whole Life Policies and Infinite Banking ConceptsIn this episode of 'Save Yourself' from Unlimit Wealth, founders Jordan Cole, Mike Schwallie and Brad Lowe delve into the key differences between traditional life insurance, whole life policies, and infinite banking policies. They elaborate upon how they structure whole life policies differently with a focus on maximizing cash as opposed to the death benefit. They also dissect the terms like 'base premium', 'paid up rider', and 'modified endowment contract', making it easier for listeners to understand. The discussion then moves onto the strategy to enhance the long-term growth of these policies and their efficient usage in building wealth. Despite differing opinions in the industry, the founders underline their firm belief in their approach, prioritizing the client's ability to always have access to and control over their wealth.00:00 Introduction to the Podcast00:34 Understanding Traditional Life Insurance Policies01:11 The Concept of Infinite Banking01:43 Structuring Whole Life Insurance Policies03:57 The Importance of Paid Up Rider05:56 The Long-Term Benefits of Efficient Policy Structure09:03 Understanding the Modified Endowment Contract Rule10:38 The Philosophy of Infinite Banking13:24 Conclusion and Sign Off

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