024 - Creating the Entity (BYOB Pt 2)
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024 - Creating the Entity (BYOB Pt 2)
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In this conversation, Kyle and Raymond discuss the concept of creating the entity in infinite banking. They emphasize that the focus should be on the banking function rather than getting distracted by the vehicle of whole life insurance. They explain the importance of understanding the risk management aspect of life insurance and how insurance companies pool resources to absorb risk. They also discuss the design of whole life policies for infinite banking, including the balance between the base policy and paid-up additional life insurance (PUA). They caution against using universal life or variable life policies for banking purposes.
---Resources---
Becoming Your Own Banker (InfiniteBanking.org)
---Credits---
Kyle Reese: https://freedomfamilyfinance.net/contact
Raymond Ward: https://www.calendly.com/meet-with-ray-ward
Intro & Outro Music: Just like the Sun, by Bonkers Beat Club acquired through epidemic sound
