FAQ On Infinite Banking | Part 2
About this episode
On this weeks' episode, Darren and Christina are back with part 2 of answering your most frequently asked questions! We have compiled questions 11-20 from Instagram, TikTok, and YouTube and address them all. Enjoy!
Show notes:
00:00 - Introduction
00:53 - How come everyone isn't getting an infinite banking policy? Shouldn't it be more popular?
2:25 - How many infinite banking policies can I own?
4:00 - How do I take out a loan on my infinite banking policy?
5:20 - Are infinite banking policy loans taxable?
6:55 - What are the interest rates on these loans and are they fixed?
9:05 - Do loans affect growth of cash value inside policy?
10:00 - Can I use the infinite banking policy to pay off my mortgage?
12:47 - Does it make sense to make deposits with funds from an RRSP?
15:30 - Can I set up an infinite banking policy inside my corporation?
17:18 - Can I use an infinite banking policy as an asset class?
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