The Bank On Yourself (BOY) and the Infinite Banking Concept(IBC) are powerful concepts the right expert can use to structure participating whole life insurance to uplevel your financial strategy. There’s just one problem. Canadians, like yourself, are unclear if Bank On Yourself and the Infinite Banking concepts are applicable when structuring a par whole life insurance policy in Canada.
Additionally, if BOY and IBC are applicable in Canada to be used, how do they work? What are the differences between using these concepts in the US and Canada?
In this podcast episode of Financial Control for Life™, we’re diving into these concepts and clearing the air! We’ll help you better understand the vehicle of participating whole life insurance, how it can used in Canada with IBC and BOY, and why you need to leverage a true expert’s ability in these concepts to maximize the associated benefits. Click on the video to get the answers to these questions and more.
Additional Resources
If you want to learn more about Bank On Yourself visit our BOY Landing Page and download our Special Report
If you want to learn more about the Infinite Banking Concept visit our IBC Landing Page and download our checklist of questions you should ask an IBC Agent before you hire them.
Disclaimer: The material provided in this newsletter is for informational and/or educational purposes only. The information, opinions and/or views expressed in this newsletter are those of the authors and not necessarily those of the distributor. All financial endeavours should be vetted through a financial professional: life insurance broker, financial planner, accountant, lawyer, and/or other professional, as the reader, sees fit. MacDev Financial Group Corp., SET Financial Solutions Inc., including but not limited to its agents, staff, associates and/or partners will not assume any liability for any information printed in this article; indirectly, or assumed. The MacDev tagline, “Financial Control For Life” and “Bank On Whole Life” are trademarks of the MacDev Financial Group Corp. Click Legal for further information.