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

Maximize Your Infinite Banking Benefits

7 Jun 2024 · 1 min

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Richard Canfield explains how infinite banking can generate death benefits 10 to 20 times your income, far larger than most people buy on their own. The strategy treats the death benefit as a byproduct rather than the main goal, and Canfield discusses how to pass wealth to children without killing their motivation to work.

Chapters

When you get that power and you put it with the infinite banking concept and I promise you know this but audience I want to emphasize you will end up with so much more death benefit than you ever would have gone out and bought for death benefit. Nobody wants to buy death benefit. Nobody wants to buy car insurance but we all have it. We're going to buy 10 times my income at my age I'm 58, maybe at your age 20 times your income, whatever it is. But when you can do infinite banking you're like what am I going to do with this extra money Because I don't want to disappoint my kids if they're listening but I'm not giving it all to you. I'm not going to ruin you like that. I wouldn't take away your ambition and your drive. You're going to get some but it's only going to help you, boost you. I'm not going to try to make you.