Knowledge Vault
Why doesn’t everyone do this?
Most of the time, it is probably because people just don’t know about it! Life insurance agents need to know how to properly set up a policy to make the IBC work most effectively. Agents also need to be willing to set the policies up properly. High cash value life insurance policies will end up …
Can you explain all of the options and answer any other questions that I may have?
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How can a policy be used to eliminate debt?
A policy can be used very similarly to a line of credit. The one catch is that the policy has to be reasonably funded first to build up the cash value so that you have enough to borrow from. If you pay a debt in a typical way just using cash, you may not have …
How do agents get paid?
We get paid directly from the insurance carrier. There is no extra cost to you as the policyholder for using an agent to help set up your policy.
How do I use a policy to buy a car/house/large purchases?
See How Do I Use a Policy to Eliminate Debt? The concept is very much the same. Borrowing money from your policy for any reason, whether it is to pay off a debt or make a large purchase, can be very beneficial since the money that is borrowed is still earning dividends for the policy. …
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