63. Infinite Banking Explained, Why it's Talked About During a Down Market
Welcome to The Fit Wealth Show. During uncertain times, financial strategies that emphasize stability and long-term gain often get increased attention. Life insurance banking for example, often associated with the Rockefeller family is one of these strategies frequently marketed by “wealth guru’s” everywhere, but is this strategy what they say it is? In this episode of the Fit Wealth Show, we’re talking about what life insurance banking really is and when it might be or may not be relevant for the business owner. This is the Fit Wealth Show!
Because Insurance is such a big part of the financial planning process, I wanted to bring up this popular topic in the life insurance sales world, with it being an election year, it can spark volatility, which then also sparks this big topic of “what the Rockefeller's did” to create generational wealth, aside from being the richest family in America in the first place.
- What is Infinite Banking or Life Insurance Banking?
- Why life insurance banking is so popular during a down market?
- How the Rockefeller Family Uses this concept
- Why is there a divide between a financial planner and life insurance agent?
- How does life insurance banking impact one's overall financial forecast?
- When should a business owner ever consider life insurance?
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The Fit Wealth Show is brought to you by Fit wealth advisors. Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation.