Common Sense Financial Podcast cover image

An Alternative Banking Option - Encore

Common Sense Financial Podcast

CHAPTER

The Benefits of Using a Specially Designed Life Insurance Contract

Using a specially designed life insurance contract the amount of money remaining in earning dividends is still the $10,000. The contract actually functions as if the money has never been removed from the policy because technically it never was removed. So you may ask why the insurance company would do this. From their position it's a pretty simple and safe investment for them to lend money to their own policy owners at a competitive interest rate.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner