The Infinite Banking Concept
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The Difference Between Life Insurance and an IRA
Do you, when you have a family, are you going to invest in whole term life insurance? And I know this might go into the second half of the episode, but like, is that something that you, are you thinking about life insurance at all? Okay. So, what is the difference between using a life insurance product versus using an IRA or something? Like, you can essentially borrow from your IRA and pay yourself back at a low interest rate currently. Can it be applied to say an IRA or a 401k where you can take a loan out for certain purchases that you pay back to yourself? "I'm not sure that most or any IRAs allow you to take loans out
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