Is Infinite Banking The Worst Financial Advice? ➡️ Debunking Infinite Banking Myths

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#infinitebankingsystem #infinitebankingconcept #infinitebanking #cashvaluelifeinsurance #wholelifeinsurance

0:00 Infinite Banking is horrible financial advice?
5:25 The flaws of any type of Universal Life Insurance
11:50 Suing the life insurance company
16:05 Buy term invest the difference instead?
21:25 How the Rockefellers use whole life insurance
26:10 Tax advantages of cash value life insurance
32:00 Who doesn't need permanent life insurance?
35:20 All permanent life insurance is the same?
40:00 Conclusion

Here's the deal. I don't care if people bash Infinite Banking.

There are lots of financial products and strategies that I do the same thing to.

But if you're going to hate on Infinite Banking, you better bring the facts.

Unfortunately, the video that I react to, which is supposed to teach you everything you need to know about Infinite Banking before it's too late, doesn't do that.

In fact, she doesn't really say anything about Infinite Banking, or even dividend paying whole life insurance.

The entire video she's actually calling out universal life insurance of all kinds and the wildly misleading marketing practices around it, which I agree with her on 100%.

But that has nothing to do with Infinite Banking and whole life insurance.

That's why this type of content is extremely misleading in my opinion because it makes people associate Infinite Banking with something that has nothing to do with when implemented correctly.

It's a shame because I actually agree with many of the things the host says about universal life insurance.

Hope it helps!

Main website: https://www.millennialwealthcreator.com

Disclaimer: Everything in this video is for educational purposes only and not meant to be financial, legal, or investment advice of any kind. Please speak with a licensed professional before making any decisions.

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