Becoming Financially Independent

When it comes to financial security and peace of mind, whole life insurance is always at the top of the list. While many people are aware of the primary benefits of whole life insurance — increasing cash value and permanent coverage —fewer understand the true potential that lies in the dividend options that come with these policies. If you currently have a whole life insurance policy, or you’re considering one, it’s crucial to know how you can maximize the advantages of your dividends. 

There are only two sources of income – people at work and money at work.” If you have the ability to do so, you should strongly consider investing your money in cash flow opportunities that would eventually exceed your annual expenses. If you don’t have the knowledge or ability in that opportunity, don’t take it.

When you take a policy loan, the money does not come from the cash value of your Infinite Banking Concept (IBC) policy, but from the general account of the insurance company, and your cash value remains in your policy earning interest and dividends.