The Infinite Wealth Podcast
Immediate Cash Value in Infinite Banking: Exploring the Kickstart Approach
Nov 5, 2024
31:38
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Quick takeaways
- The kickstart approach allows for immediate access to cash value in an Infinite Banking policy, enhancing early financial opportunities.
- Implementing a kickstart typically requires a term rider, introducing additional costs and complexities in policy design that must be considered.
Deep dives
Understanding the Kickstart
A kickstart refers to a one-time lump sum deposit made into an infinite banking policy during the first year, aiming to maximize cash value. This infusion of cash significantly enhances the policy's early cash value, enabling the policyholder to access funds within a short time frame, often as quickly as 20 to 30 days. The kickstart acts as an acceleration tool that minimizes the typical slow start associated with traditional policy funding, allowing investors to tap into their cash value and utilize it for various financial opportunities sooner. However, the implementation of a kickstart typically necessitates a term rider, which is a crucial consideration for policy design, as it introduces additional costs and stipulations.
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