TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us

On today’s episode, Darren and Christina are answering your questions on all things infinite banking. We get a lot of questions from our audience across multiple platforms, and today we’re answering the ones asked the most, 11 and a half of them to be exact! If you’re interested in learning the ins and outs of infinite banking, tune in now!

Show notes:

00:00 - Introduction

00:55 - Is the death benefit taxable in Canada?

1:30 - What is the difference between the MEC (modified endowment contract) line and MTAR (maximum tax actuarial reserve) line?

2:40 - What is CSV (cash surrender value)?

3:10 - How do you borrow against life insurance?

4:15 - How do you find a qualified infinite banking concept advisor?

6:15 - What is a contingent beneficiary?

7:00 - Is a corporate owned life insurance policy taxable in Canada?

8:00 - Should I buy my house with my life insurance policy?

9:20 - What happens if I cancel my policy?

9:50 - What happens to my policy if I get divorced?

10:30 - Do I need to update my will and can I change my beneficiary?

FIND US ON:

INSTAGRAM: https://www.instagram.com/controlandcompound/

TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en

FACEBOOK: https://www.facebook.com/controlandcompound

JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound