Need some thoughts on Investing with Whole life insurance?
Hey BP! Quick question what are you thoughts on investing in real estate with whole life insurance. The infinite banking concept is what I am talking about. I am 27 years old and am considering buying whole life insurance one that I can borrow against. Any thoughts or advice?
If you do this I'd like to know how it turns out for you. I've read about this, and it sounded like it took a bit of planning around the policy you use, but sounded very interesting
Thomas Rutkowski
#4 Personal Finance Contributor
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Thomas Rutkowski
#4 Personal Finance Contributor
Pro Member
#4 Personal Finance Contributor
- Financial Advisor
- Boynton Beach, FL
It works. You will make more over the long run because your money is literally working in two places at on time. I've got the numbers in this blog post:
https://www.biggerpockets.com/blogs/7595/47651-are-you-using-a-magic-checking-account
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Financial Advisor
- Innovative Retirement Strategies, Inc.
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