Show notes
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 day2:50 - The asset being leveraged in these strategies4:55 - What is whole life insurance? 10:30 - Becoming your own banker with this strategy12:30 - Dividend paying whole life insurance and the guarantees associated with it14:27 - How the Devlins utilized this strategy for themselves16:21 - Understanding how to leverage this strategy18:12 - Stephen acting as part of the policy development team to reinforce these strategies21:27 - Helpful book resources to educate you on these concepts22:30 - Working with an expert in these concepts30:19 - Your agent should know the differences in these programs between USA and Canada32:34 - A MacDev Financial client that later became a member of the team35:47 - Closing remarksConnect with MacDev Financial:LinkedInFacebookYouTube