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

The Core Of Cash Following The Leader: 💰🔍 #shorts

20 Jul 2023 · 1 min

Watch on YouTube

0:52

Richard Canfield explains that a policyholder's behavior—specifically paying the base premium and adding additional premiums—drives growth in a life insurance policy's paid-up additions and death benefit. Paid-up additions are amplified both by the policyholder's direct extra payments and by how those payments affect the policy dividend from the life company. Even two otherwise-identical policies will produce different results depending on the holder's behavior.

Chapters

The leader is the death benefit and the paid up additions that are accumulating because of your behavior. The paid up addition won't happen unless you do something. First. You have to pay a premium, the base premium, and then you can amplify the paid up addition that you get by adding an additional premium. That amplification happens in two ways. Number one, through your your direct effort. And then number two, the impact of the dividend that you're entitled to receive from the life company is also impacted. So the more of your behavior that you use to fund these premiums, the greater the impact of the result of what the life company does in reference to your policy. So you have two policies side by side. Even if they have the same foundation or base, it's the same person, same individual, same age. They have the same minimum required premium. The behavior of one person will outperform the behavior of another.