What Are Surrender Charges and Will My Life Insurance Policy Have Them?

You're ready to start Infinite Banking and you want to replace or cancel existing life insurance contracts so your resources can go toward your new policy. Be careful! Some contracts have a provision that will leave you with just a fraction of the money you've put into the policy if you walk away.

I'm talking about surrender charges. And in this episode I'll explain what they are, how they work, and how to navigate if your policy has one.

I'll also explain which policies are most likely and least likely to have these charges.

Listen now!

Show highlights include:

• What to consider before canceling a policy so you don't make a costly mistake you can't fix. (1:04)
• Canceled a Whole Life policy and didn't get back every penny you put in? It's not a surrender charge: here's what happened. (3:47)
• Sneaky way IULs mask their unsuitability for Infinite Banking. (6:46)
• Want to get out of an IUL? Where to find the surrender charge schedule so you know what to expect. (9:21)
• Surprising real-life time when replacing a Whole Life policy made sense. (10:24)

Reach out to me:

[e-mail]

https://www.linkedin.com/in/valerie-laroque-lacp-b569509

Infinite Banking Mastery (infinitebankingnorthwest.com)