E82: Astonishing Reasons Why Banks Buy Whole Life Insurance
Dollars and Nonsense · Living Wealth
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Show Notes
We discuss the most prominent reasons why banks purchase so much whole life insurance. You'll learn the secrets from them by following in their footsteps.
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Banks are in the money business, obviously. So, if they're in the money business and they're buying a product of which you're being told not to buy, you should start asking why we're told don't buy whole life insurance.
Topics Discussed:
- How and why those people try to put you in a box
- Why they tell you to do things they never would
- What banks use whole life insurance for
- Did you know the two biggest banks own $20 billion in cash value in whole life insurance?
- BOLI
- Exactly how banks use BOLI
- The right way and the wrong way to use the infinite banking strategy
Episode Resources:
* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
* 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/