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

Understanding Cash Value 🤔

9 Feb 2024 · 1 min

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Richard Canfield explains that cash value in insurance isn't literal money but a financing tool that can shield capital from taxes. He separates investing performance from financing choices, showing how cash value reduces taxable exposure to government levies.

Chapters

It's a fatal error in thinking that this has anything to do with the function of investing. This is all about controlling how you finance the things that you want, including investments. And so that's where that distinction just needs to be made. As we get into all of these discussions in our profession and with the general public about look at all the cash value you're building up and look at how you get to use it. You're not using the cash value. It's not money, it's just a tool. But the more capital that you have flowing to that entity that you own and control, the less money there is available for the government to get their hands on. And so how much do you want to shield from onerous taxation?