Universal Life Vs. Participating Whole Life: What YOU Should Be Using for Infinite Banking
Control and Compound with Darren Mitchell · Control and Compound Financial | BNV Media
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Show Notes
On today's episode, Darren and Christina break down the differences between universal life policies and participating whole life policies including the fees associated, tax differences, the volatility difference, and which one you should be using for an infinite banking policy. Tune in now!
Show notes:
00:00 - Introduction
3:05 - What is a Universal Life Policy
6:25 - Fees associated with Universal Life
10:30 - Volatility of a Universal Life Policy
13:40 - How many can you access from each policy?
17:15 - What are the tax advantages of each policy?
22:15 - Why is there confusion between the two policies?
24:15 - YRT vs. Level
29:50 - Summary of the policies
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