The Pros and Cons of Infinite Banking and Whole Life Insurance | Money For the Rest of Us Podcast
How permanent life insurance can be an effective tool for retirement planning.
Topics covered include:
- What is the difference between term and whole life insurance
- How many people let their life insurance policies lapse each year
- What are strengths that insurance companies have that are beneficial to individual investors
- What are the benefits of whole life insurance policies
- How the infinite banking concept works and who should it be used
- How asset allocation should differ when investors have a whole life insurance policy
- What are concerns with whole life insurance
- How an integrative approach of using whole life, immediate annuities, and investments can lead to higher retirement spending levels
Thanks to today's sponsors: Simplify ETFs and the all-new electric MINI Cooper SE
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Show Notes
Arthur L. Williams Jr.—Wikipedia, Aug 10, 2021
ACLI 2020 Life Insurers Fact Book—The American Council of Life Insurers
Pros And Cons Of Life Insurance For Children by Cameron Huddleston and Amy Danise—Forbes
The Four Approaches to Managing Retirement Income Risk by Wade D. Pfau
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