E129: What Happens When You Cannot Pay Your IBC Whole Life Premium

Dollars and Nonsense

One of the most common questions we receive from our clients is what happens if I can't pay my premium? In this episode, we review and explain the different ways a policy can pay for itself and what options make the most sense depending on your circumstances.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e129

Topics Discussed:

• How long do you normally want to be putting money into premium?
• What is the least timeframe to see dividends and benefit from compounding interest?
• How to understand when something is not a true liability or money loss from payment
• Why your money should always be in motion rather than stagnant
• When to use an automatic premium loan
• Can an IBC Policy pay for itself?
• How long do we typically pay a premium?
• How should we consider premiums?
• What are the options if I do need the policy to pay for itself?

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/