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

Whole Life Policy Dividends

11 Apr 2024 · 1 min

Watch on YouTube

0:42

A short spoken commentary (YouTube transcript) about using dividend-paying whole life insurance as a tool across decades. The speaker contrasts past practice—small premiums and therefore small cash value—with more recent conversations where advisors can place much larger sums into such policies; dividends can offset premiums.

Chapters

Conversations over several decades about the tool used to implement the process, a dividend paying whole life insurance policy. Or as Nelson would encourage, ideally, a system policies conversations every day, day in and day out by life insurance advisors. The difference between then and now is the amount of premium that was being discussed. If you put this whole life policy in place, it's dividend paying. You can use the dividends to offset your premium, and all you need to do is put a tiny bit of money into this policy. Well then when you look at the cash value, you've only got a tiny bit of cash value. The difference now in the conversation is you can put almost unlimited sums of money into this tool.