Fact or Fiction

Fact or Fiction

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 the age 121.
  6. Estate planning and taxation have changed, making life insurance banking concepts less effective and efficient.

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