The Infinite Wealth Podcast

The Truth About Policy Loans: What Every Infinite Banking User Needs to Know

7 snips
Apr 29, 2025
Ask episode
AI Snips
Chapters
Transcript
Episode notes
ANECDOTE

Misguided Belief in Magic Loans

  • A client took a maximum policy loan without purpose because a practitioner claimed loans were "magic" for policy growth.
  • This misconception leads to holding unnecessary loans or hesitating to use policy loans effectively.
INSIGHT

Policy Loans Are External Borrowing

  • Policy loans are not borrowed from your own policy but from the insurance company's investment arm using your policy as collateral.
  • Your policy continues to grow and compound regardless of taking a policy loan, preserving its growth potential.
ADVICE

How to Take a Policy Loan

  • When taking a policy loan, request a loan against cash value and expect a lien placed on it.
  • You control repayment timing and receive an annual statement detailing loan and policy status.
Get the Snipd Podcast app to discover more snips from this episode
Get the app