Is My Whole Life Policy Protected From Creditors?
Infinite Banking Mastery · Valerie LaRoque
January 11, 20249m 17s
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Show Notes
You don't like to think about it. But you know that in a blink something could happen that leaves you financially responsible for a fortune.
But you don't have a fortune. So now what? Can creditors or the government come after everything you have? Even your life insurance?
This is a complex issue, with parts that vary by state. But on today's episode I'll help you understand the basics so you can know what protections you might have.
Listen now!
Show highlights include:
- Exemption exclusions you need to know about. Especially if your policy is tied up in a loan. (3:33)
- Does Uncle Sam get to know everything about you? The secret you can legally keep from the IRS. (4:51)
- Surprising "FAFSA advantage" helps you save for your child's college education and still qualify for financial aid. (5:22)
- Why you should use IBC to save for your child's college fund, especially if you aren't certain they'll go to college. (5:43)
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