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Difference Between Whole Life Insurance and Mutually Owned Whole Life Insurance
This chapter discusses the distinction between whole life insurance and mutually owned whole life insurance in relation to implementing the infinite banking concept. It emphasizes the importance of finding a mutually owned insurance company and highlights that there are only about 10 companies in the entire country that support this strategy.
Robert Leonard and Chris Naugle talks through the concept of “infinite banking” in-depth.
Chris is an accomplished entrepreneur, real estate investor, and author. He is the CEO and Founder of FlipOut Academy and The Money School, while having also participated in an HGTV show “Risky Builders” with his wife Lorissa.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
07:01 - What is infinite banking?
07:01 - Why it may, or may not, be "too good to be true."
14:47 - How to use infinite banking to get out of debt.
14:47 - Who uses infinite banking successfully right now?
22:39 - How to use infinite banking to build wealth.
And much, much more!
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