2023 - Affinity Life - Is Infinite Banking A Scam? - Infinite Banking Debate - [With Life180 - Chris Kirkpatrick] - [VIDEO-YouTube-01:03;10]
- Affinity Life - What is the Difference Whole Life VS Universal Life (Canada) - [VIDEO-YouTube-12:38]
Whole, Universal, Permanent
Estate Planning
[LIRP] - VIDEO - Affinity Life -
2 - Whole Life -
Par / Non-Par, Dividends, PUAs-Paid Up Additions, Enhanced Additions, Cash Surrender Value = Home Equity / Line of Credit / Policy Loans, Cancel Policy
Advantage of Whole Life - Simple, Guaranteesd, Don't need to manage it, Paid Up, Different Payment Periods, 8-pay, 10-pay, 20-pay.
Disadvantages of Whole Life - Can be more expensive than Universal Life
6 - Universal Life Insurance
Unbundled,
2 parts
COI - Cost of Insurance - 2 types
YRT -
Level Premium -
Investment Account
9 - Theory of Universal Life -
Can be cheaper than a Whole Life
Tax-exempt
use investment account to pay for
No Guarantees
[Performance]
Downsides
10 - 90% of Agents quit the business in 5 years. Do not rely on the agent helping you. - [Orphans]