28. What is Infinite Banking with Jim Oliver

M&A Unplugged

English - December 24, 2019 08:00 - 34 minutes - 33.4 MB - ★★★★★ - 85 ratings
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Previous Episode: 027 Cyber security preparedness with Craig Sherwood

Next Episode: 029 Last Show of 2019

In this episode, Domenic and Jim Oliver discuss:

The actual rate of return versus the average rate of return on investments. Jim's background and his start in mastering the infinite banking concept. The whole life insurance policy rider that generates the borrowing platform. How Jim uses the concept to acquire and invest in businesses.

Key Takeaways:

It can only be done with a Mutual Life Insurance company. You can borrow against your premium without touching the principle. You pay an average interest rate of 5% against the value of the loan which is in turn, tax deductible. It is an alternative bank that you control.

"We designed it to be the lowest death benefit, highest cash value available." — Jim Oliver

About Jim Oliver: bio not provided

Connect with Jim Oliver: https://www.facebook.com/createtailwind

Website: https://createtailwind.com

LinkedIn: https://www.linkedin.com/company/create-tailwind/about/

Connect with Domenic Rinaldi:

Sun Acquisitions Website: www.sunacquisitions.com

M&A Unplugged Website: www.maunplugged.com

Email: [email protected]

Linkedin:

Domenic Rinaldi: https://www.linkedin.com/in/domenicrinaldi/

Sun Acquisitions: https://www.linkedin.com/company/sun-acquisitions-llc/