Policy Loans Archives - Page 2 of 2 - Universal Wealth Managers LLC

Blog 54 – Designing Your Banking Policy

Everybody wants to know what makes the banking policy or Infinite Banking policy different from other types of life insurance policies and how do they go about designing the right policy for them. Now, here is the secret: the policy designer should take into consideration all the observations indicated below.

The designer first starts with a dividend-paying whole life insurance policy from a mutual insurance company. When designing a banking policy or Infinite Banking policy, you don’t specify the desired death benefit, but the annual or monthly contributions that the owner will be comfortable making to such policy.

2019 May BankNotes

A Business Credit survey1 conducted and published in March 2016 by the Federal Reserve Banks of New York, Atlanta, Boston, Cleveland, Philadelphia, Richmond, and St. Louis reports that “cash flow” is the number one problem facing small businesses with fewer than 500 employees. At the same time a Financial Stability Report dated November 2018 by the Board of Governors of the Federal Reserve cites that business-sector debt relative to GDP is historically high and “debt has been growing fastest at firms with weaker earnings and higher leverage.”2 In essence this report insinuates that the very same cash flow difficulty also exists among the larger companies, that is, those businesses with more than 500 employees.

Blog #49 – Questions to Ask AFTER You Apply For Life Insurance

Now we continue the conversation to discuss the questions and decisions that come into play during the application process. These questions are relevant to whole life insurance and may not apply to other types of life insurance, especially types with little or no cash value, or life insurance that does not guarantee the death benefit permanently. How will you know? Ask the questions!

Blog #45 – Where Should You Store Your Savings?

The answer is in an Infinite Banking policy. Nevertheless, most Americans put the amount they intend to save at risk by placing them in qualified plans, which are nothing more than investment vehicles controlled, not by you, but by the government, Wall Street and your employer. We would like to compare an IBC policy to qualified plans on four key elements.

Blog #43 – Cash Flow Is King

Have you taken a “30,000-foot view” of your finances lately? Is it positioned for the growth, strength, stability and cash flow you desire? To help you answer that, let’s examine asset allocation and diversification.

Blog #40 – Everything You Ever Wanted To Know About Policy Loans

When you take a loan from your Infinite Banking policy, the money is lent to you by the insurance company and it comes from their general account. Your cash value remains in your policy and it continues to earn interest and dividends while collateralizing the amount of your loan.