Comments for Infinite Banking - Whole Life Investment

Comment on Business Tax Deductions With Your Whole Life Insurance Plan by Arlinda Scherbel

Arlinda Scherbel — Sun, 08 Aug 2010 09:46:47 +0000

Awesome, Awesome and Awesome, this website delivers what the google search tells me, this is very valuable information and has been of great help to me, thanks.

Comment on 3-Legged Stools: The Pitfalls of UL & VUL Policies by Danger in Design: The Hidden Hazards of UL & VUL Policies | Infinite Banking - Whole Life Investment

Fri, 05 Feb 2010 20:51:38 +0000

[...] to the RSS feed for updates on this topic.Powered by WP Greet BoxA few weeks ago I wrote about 3-Legged Stools and the pitfalls of UL & VUL policies. This has been a rather hot topic, so I wanted to expand upon it this [...]

Comment on Business Tax Deductions With Your Whole Life Insurance Plan by Jared Detroit

Jared Detroit — Mon, 01 Feb 2010 21:46:46 +0000

Thank you for the great information! This is a great technique for getting the best out of the Infinite Banking system.

Comment on Protecting Your Business with Life Insurance by Travis

Travis — Mon, 25 Jan 2010 22:36:01 +0000

Hi Scott,

How would a S-Corp achieve a tax deduction using this strategy to purchase a car for example?

Perhaps a future post could explain this?

Comment on Bob the Baker or Bob the Banker? -The Infinite Banking Concept In Action by thebankingsecret

thebankingsecret — Mon, 18 Jan 2010 18:01:25 +0000

That is absolutely correct Jorge and a great way to grow Bob’s bank larger. His death benefit, dividends and cash values will all increase.

Comment on Bob the Baker or Bob the Banker? -The Infinite Banking Concept In Action by Jorge Herrera

Jorge Herrera — Mon, 18 Jan 2010 16:58:49 +0000

Great article Scott, I will add that if He wants to make it bigger, the Baker can continue the payments for the next 16 months like if he had to pay the third party. This way he will really net what the bank made on him in the first scenario.

Comment on Whole Life Insurance Provides a Banking Factor by Travis

Travis — Tue, 12 Jan 2010 01:40:18 +0000

Hi Scott,

Thank you for your response – it was helpful… Perhaps, on a future blog, you might show us an example of the difference between an amortized loan and this loan situation you are describing.

Thanks again!

Comment on Whole Life Insurance Provides a Banking Factor by thebankingsecret

thebankingsecret — Tue, 12 Jan 2010 00:31:42 +0000

Hi Travis,

That’s correct. Policy loans are more similar to Home Equity Lines of Credit. You only pay interest on the outstanding amount. So, when you make a payment back to the policy it will reduce your principal and you’ll only be paying interest on the new principal balance. This means that more of your payments go towards the principal and less towards the interest. Over time, your principal gets reduced quicker than with a straight amortized loan. Sometimes the difference is staggering, other times, not so much. Depends on the scenario.

It’s actually a lot of fun for me to share the comparisons with clients so they can see how changing their HOW not their WHAT can have a huge impact on their bottom line.

I hope that answers your question. If not, feel free to respond.

All the best!
Scott

Comment on Whole Life Insurance Provides a Banking Factor by Travis

Travis — Mon, 11 Jan 2010 23:02:02 +0000

Hi Scott,

I found your site on a Google search and am enjoying your blog. You state, in this blog post, that whole life insurance policy loans are structured differently than bank loans which results in a faster payoff.

Can you clarify what the difference is please?

Thanks!

Comment on Whole Life Insurance Provides Great Tax Benefits by Jared Detroit

Jared Detroit — Mon, 23 Nov 2009 18:17:39 +0000

Great post Scott! Whole life insurance is definitely the way to go.