Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Driving Toward Financial Independence #shorts

11 Jan 2024 · 1 min

Watch on YouTube

0:40

Short YouTube clip by Richard Canfield explaining that a properly designed dividend-paying whole life insurance policy can be engineered to meet client goals. The speaker emphasizes that the solution is not the product itself but how it is used — specifically the practice of banking using the policy's features.

Chapters

The policy is a properly designed dividend paying whole life insurance policy. It's a financial instrument that we help engineer based on the client's circumstances, so it can be engineered to suit certain advantages that they want to do. So even if you just hear a whole life insurance policy, every whole life insurance policy, just like a vehicle, like a car, can be designed very differently. And that's the first thing is first, the solution to this problem is not the policy, not the product, it's what you do with the product and which is practicing the process of banking, which is what I again want to make sure that gets very, very clearly emphasized.