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

How Whole Life Policies Create Security

9 Jan 2025 · 1 min

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Richard Canfield explains that purchasing a dividend-paying (participating) whole life insurance policy makes the buyer a participating owner in a large pooled fund, creating a co-ownership relationship that helps protect family members. He emphasizes the voluntary commitment and minor administrative effort (application, approval, premiums) required to obtain that protection.

Chapters

When you decide voluntarily that you're going to go and proceed with getting an insurance policy, dividend paying policy, so you become a participating owner in a giant pool of money, and you now have a co ownership relationship with that pool of money because of the virtue of this thing called participation. The moment you do that, you're protecting your family members. If you just think that through for a minute. People that are prepared to do that, that want to go do that, and they're willing to go through the necessary hoops and effort to get an application, get an approval and pay a premium, there's a little bit of work that's involved in.