The Infinite Wealth Podcast 2023 Dividend Update: Impact of Rising Interest Rates on Insurance Companies
In this episode, hosts Cameron and Anthony discuss the impact of interest rate changes on dividends for major mutual insurance companies in 2023. They shed light on the significance of dividends, provide an update on the dividend rates declared for this year by top insurance companies, and offer valuable insights into leveraging dividends for wealth accumulation.
**3 Key Lessons**
1. **Understanding Dividends**: The hosts delve into the intricate details of dividends, explaining how mutual insurance companies determine and report dividends based on various factors like mortality, administrative expenses, and investment performance. They emphasize the importance of considering dividends as a part of a larger wealth-building strategy.
2. **Dividend Rate Updates**: Cameron and Anthony share the dividend rate updates for 2023 from leading mutual insurance companies. They highlight how certain companies have maintained their dividend rates while others have shown a slight increase, providing a comprehensive analysis of the changes.
3. **Leveraging Dividends**: The hosts explore different ways to utilize dividends, including utilizing them to purchase additional paid-up additions, holding them in interest-bearing accounts, using them to offset premiums, paying down policy loans, or receiving them as cash. They underscore the importance of considering these options based on individual financial strategies and goals.
Tune in to this informative episode to gain valuable insights into the world of dividends and how they can be leveraged for long-term wealth creation.
Resources:
Schedule your 15-minute call with Anthony or Cameron here:
Check our online course at www.InfiniteWealthCourse.com
Buy Becoming Your Own Banker by R. Nelson Nash http://bit.ly/BYOBbookIWC