The Pros and Cons of Infinite Banking and Whole Life Insurance

Money For the Rest of Us

How permanent life insurance can be an effective tool for retirement planning.

Topics covered include:

• What is the difference between term and whole life insurance
• How many people let their life insurance policies lapse each year
• What are strengths that insurance companies have that are beneficial to individual investors
• What are the benefits of whole life insurance policies
• How the infinite banking concept works and who should it be used
• How asset allocation should differ when investors have a whole life insurance policy
• What are concerns with whole life insurance
• How an integrative approach of using whole life, immediate annuities, and investments can lead to higher retirement spending levels

Thanks to today's sponsors: Simplify ETFs and the all-new electric MINI Cooper SE

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Show Notes

Arthur L. Williams Jr.—Wikipedia, Aug 10, 2021

ACLI 2020 Life Insurers Fact Book—The American Council of Life Insurers

Pros And Cons Of Life Insurance For Children by Cameron Huddleston and Amy Danise—Forbes

The Four Approaches to Managing Retirement Income Risk by Wade D. Pfau

Safety-First Retirement Planning: An Integrated Approach for a Worry-Free Retirement (The Retirement Researcher Guide Series) by Wade D. Pfau

Integrating Whole Life Insurance into a Retirement Income Plan: Emphasis on Cash Value as a Volatility Buffer Asset by Wade D. Pfau and Michael Finke

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326: The New Math of Retirement Spending and Investing

349: Forward and Reverse Mortgages: When To Take Them Out and When to Pay Them Off

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