E52: The Big Danger of Universal Life Insurance
Dollars and Nonsense · Living Wealth
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Show Notes
We discuss the dangerous pitfalls of trying to use Universal Life Insurance to act as a bank. Plus, we explain why Participating Whole Life Insurance as your IBC banking tool is far superior.
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Topics Discussed:
- The brief history of ULI as it related to Infinite Banking.
- How and why ULI backfired
- What ULI really is, in simple terms
- A real life example of devastating loss and failed promises of ULI
- Not being misdirected by an empty promise of guaranteed rate
- Understanding the lack of guaranteed cash value in ULI
- Indexed Life
- Variable Life
Episode Resources:
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* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/