A Deeper Look Into Infinite Banking | How Do Policy Loans Work?
Control and Compound with Darren Mitchell · Control and Compound Financial | BNV Media
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Show Notes
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On today's episode, Darren and Christina are taking a deep dive into high cash value life insurance policy loans and how they work within the infinite banking concept. They break down how the loans work, the benefits, how you start one, as well as comparing policy loans to bank loans. Tune in now!
Show notes:
00:00 - Introduction
00:50 - What are policy loans?
1:35 - Benefits of a policy loan
3:15 - How do you initiate a policy loan?
5:00 - Are you paying interest to borrow your own money?
9:20 - How is the loan interest charged?
10:35 - What can you do with the loan?
11:25 - Should you always use policy loans instead of bank loans?
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