Home Equity Line of Credit (HELOC) Vs. Infinite Banking Policy Loan | Know the FACTS
Control and Compound with Darren Mitchell · Control and Compound Financial | BNV Media
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Show Notes
On this week's episode, Darren and Christina are breaking down the differences between choosing a home equity line of credit and an infinite banking policy loan including which can be called, making payments, creditor protection, what's taxable, and which one you should choose overall. Tune in now!
Show notes:
00:00 - Introduction
00:55 - Introducing a new acronym: CLUE (control, liquidity, use, and equity)
4:45 - Example of the wealthy using leverage to their advantage
8:00 - Can the HELOC be called? What about infinite banking policy loans?
10:55 - Making payments: HELOC vs. policy loan
12:15 - Creditor protection: HELOC vs. policy loan
14:00 - Death benefit: HELOC vs. policy loan
17:30 - What's taxable?: HELOC vs. policy loan
21:05 - Retirement and death: HELOC vs. policy loan
24:25 - Which one should you pick?
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