Interesting Facts About Christmas 2021
Since we had such a great response to our Thanksgiving blog where we talked about its beginnings and the reason to give thanks, we thought we would bring you interesting Christmas Facts. Let’s get started:
Blog 81 -Thanksgiving And The Spirit Of Gratitude
Neither Isis, nor I were born in the USA. Isis came to the U.S. as a young child and I as a young adult both fleeing Communist Cuba to legally come to the USA in search of freedom. We both learned very quickly what Thanksgiving and the spirit of gratitude really meant. For Isis back then, it meant being grateful to the nuns that took her in and cared for her while she waited for her parents to come from Cuba. For me, it meant being grateful to a school that opened its doors to me and gave me an Ivy League education.
Blog 80 – The Design Of Infinite Banking Policies
The design of high cash value, dividend paying whole life insurance policies, or Infinite Banking (IBC) policies, has two phases. The first phase consists of policy blending, heavy use of paid-up additions, and the typical 10/90 or 20/80 split between the premium going to the base whole life policy and the premium going to the paid-up additions rider. This first phase is quite consistent from case to case and the only variability might be in the premium split due to the total amount of premium (annually or monthly) to be paid, and design restrictions from the insurance company we are using.
Blog 79 – When To Pay Cash And When To Use A Policy Loan
One of the questions we more often have from our clients is: Should I pay for this expenditure with the cash I already have in my conventional bank account, or should I first deposit that cash as an unscheduled PUA contribution to my IBC policy and then use the cash from a policy loan to purchase the needed item? What they are really asking is if there are any special conditions or guidelines they should consider before deciding whether to use cash or a policy loan for their expenditure.