Should You Pay Off Your Mortgage with Your Infinite Banking Policy

In this episode, I dive into the popular concept of infinite banking and discuss whether it makes sense to use your whole life insurance policy to pay off your mortgage, auto loans, or other debts. I break down the strategy, dispelling common myths and misinformation, especially the idea that you are "paying yourself back" with interest. Instead, I explain how loans work inside whole life insurance policies and why it's important to understand the real math behind it. I also share insights into how you can best leverage your infinite banking policy for real cash-flowing investments like real estate, and when it may or may not make sense to use it for debt. I cover the benefits of keeping your cash flowing in multiple places at once and how to avoid some bad strategies that could hurt you in the long run. Want to see what a policy looks like for you? Book a call with our insurance specialist now: https://bit.ly/3B8Jo4n