Bank On Yourself and Infinite Banking Concepts”: Can You Use This in Canada? Yes, But…

The Bank On Yourself and Infinite Banking concepts are all amazing concepts and strategies, but Canadians are unclear if these can be utilized in their country. Additionally, if they can be utilized, how do they work?

On the latest episode of Financial Control for Life™, we're diving into these concepts and clearing the air! We'll help listeners understand the vehicle of whole life insurance, how they can be utilized in Canada, and why you should be leveraging a true expert's ability to maximize the associated benefits.

This episode is packed with helpful information for your financial world!

Chapters:

0:00 - Introduction and overview on the topic of the day

2:50 - The asset being leveraged in these strategies

4:55 - What is whole life insurance?

10:30 - Becoming your own banker with this strategy

12:30 - Dividend paying whole life insurance and the guarantees associated with it

14:27 - How the Devlins utilized this strategy for themselves

16:21 - Understanding how to leverage this strategy

18:12 - Stephen acting as part of the policy development team to reinforce these strategies

21:27 - Helpful book resources to educate you on these concepts

22:30 - Working with an expert in these concepts

30:19 - Your agent should know the differences in these programs between USA and Canada

32:34 - A MacDev Financial client that later became a member of the team

35:47 - Closing remarks

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