You’ve heard some people borrow from their life insurance policy and don’t pay it back. And you might be thinking: “I’ll do the same thing! Why not?”

You’ll want to listen to this episode because I’ll share why not treating yourself like an honest banker is a bad idea.

I’ll also explain all the repayment options available to you, and what to do if you have a financial hardship and don’t think you can repay your loan like you had planned.

Listen now!

Show highlights include:

• “Repayment Refresher”--The many ways to repay your loan and how to set up a loan repayment. (1:47)
• Loan payment “magic trick” for life insurance loans that conventional bank loans can’t match. (3:17)
• Why I don’t recommend using dividends to repay your loan, even though you could. (5:15)
• Money’s tight? Can’t repay your loan? Try this before surrendering. (5:49)
• What really happens if you don’t repay your loan. (7:01)
• How reckless borrowing and careless repayment can combine to cost you your policy. (8:32)
• The tax return nightmare that follows a policy lapse. (9:26)
• Why the “honest banker policy” is the best approach to IBC. (9:54)

Reach out to me: [email protected] https://www.linkedin.com/in/valerie-laroque-lacp-b569509 Infinite Banking Mastery (infinitebankingnorthwest.com)