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Breakaway Wealth helps inspire, motivate and equip unconventional business owners, investors and wealth builders to break out from the herd and build wealth on our own terms. Through insightful conversations around infinite banking, investing, funding and unconventional deal-making, we'll unlock the secrets to abundance, spot overlooked opportunities and make quantum leaps forward - building wealth faster than most dream possible.

Aug 17, 2021

In This Episode:

Jim Oliver and Nick Kosko discuss fallacies and common myths about Infinite Banking Concept.

 

MYTHS Discussed in this Episode:

  1. All policy loan interest is no longer income tax deductible.
  2. The fixed loan rate on policies is 8%.
  3. Non-fluctuating, non-guaranteed variable loan rates used by some companies are dangerous.
  4. MEC restrictions on policies allow all withdrawals  to become taxable.
  5. Companies are being sneaky by revising mortality tables to reach age 121.
  6. Estate planning and taxation have changed making life insurance banking concepts less effective and efficient.



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Website: https://createtailwind.com/

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