Should My Business Own My Infinite Banking Policy?
The Infinite Wealth Podcast
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What Are the Disadvantages of Having the Business Own the Policy?
Odds are you're going to outlive your business entity, Anthony says. Because it's an asset of the business, so we have to follow some certain rules to actually distribute it to the owners. If that's not filed, done correctly, it could create a taxable event. The biggest concerns or disadvantages is we're going to lose the asset protection.
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