Shownotes Transcript
Join David Befort and Paul Fugere on Episode 25 of the Wealth Warehouse!
In today’s episode the guys field some questions from listeners about dividends! How do you know which companies will mesh with your IBC strategy? What is a “paid up addition”? And how does it work? Tune in to have all your burning questions answered!
In this episode you’ll learn about:
-The different ways you can receive dividends from your policy
-How dividends work with IBC and their relationship to PUAs
-The simplicity of policy loans and how to manage them, “they’re revolving doors of money”
-Why getting started with IBC isn’t as expensive as you think
-Choosing the right company for your IBC strategy
-And much more!
Infinite Banking for RE Investors:
https://www.linkedin.com/pulse/infinite-banking-re-investors-david-a-befort-jr-/
“The Infinite Banking Concept Explained”:
https://www.youtube.com/watch?v=4fSMlg4i7pk
HIGHLIGHTS:
-(2:13) - “Are the dividends paid towards cash value or towards the policy loan? Do they act like a dividend stock?”
-(5:40) - “Does the policy loan increase automatically as I pay my premiums?”
-(6:30) - “Or everytime would I have to re-apply for a new policy loan?”
-(10:53) - “If I don’t have a lot of monthly cash flow to start with a high policy premium is it possible to start with lower premiums and then add another policy down the road, or increase the value of the policy?”
-(14:30) - IBC and family banking
-(17:30) - “How do you find a whole life insurance provider who understands IBC and can structure policies that support the strategy?”
-(20:00) - Your IBC strategy and choosing the right company, why high dividend payouts shouldn’t be the most important factor
-(23:40) - “How does the dividend work with IBC?”, “How does the dividend make me money?”
ABOUT YOUR HOSTS:
David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money.
David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life.
Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a MA in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich.
As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people.
Catch up with David and Paul, visit the links below!
Website:
https://infinitebanking.org/agents/Fugere494
https://infinitebanking.org/agents/Befort399
LinkedIn:
https://www.linkedin.com/in/david-a-befort-jr-09663972/
https://www.linkedin.com/in/paul-fugere-762021b0/
Email: