In today's episode we discuss Whole Life insurance to better understand the expense side of Whole Life policies and how it relates to the Infinite Banking Concept.
Whole Life can be the lowest cost coverage over time because the cash values grow to be more than the premiums paid. Should you really consider it an expense then? Tax and retirement expert Ed Slott doesn't think so. Neither do we.
Take a listen and decide for yourself.
If you have questions about Infinite Banking, you can contact the hosts at www.TheFifthEdition.com.