How is this better than a SBLOC? In that you still borrow against your own assets and pay it back. Except you don't forfeit anything upon your death like you do with life insurance.
While both options allow you to borrow against your assets, borrowing against a life insurance policy offers more stability, flexibility, and additional benefits such as a tax-free death benefit and creditor protection. SBLOCs, on the other hand, are subject to market risks and variable interest rates, which can complicate financial planning.
@@nelsonnashinstitute stocks and bonds are passed on with a stepped-up basis so they will be tax-free if sold. There is no cash-value forfeiture to an insurance company in SBLOC either. all of the cash value goes to your heirs with a stepped up basis. This alone is a massive savings over borrowing against life insurance
“There is no cash-value forfeited to an insurance company in SBLOC either” There is no cash value forfeited to an insurance company with dividend paying whole life insurance either, your premise is incorrect.
Depends if a company needs your money, now why do we save money so we don’t have a power struggle. I don’t go to Congress to purchase by bulk blank shirts. You can’t have a business without a bank account. Dummy
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How is this better than a SBLOC? In that you still borrow against your own assets and pay it back. Except you don't forfeit anything upon your death like you do with life insurance.
While both options allow you to borrow against your assets, borrowing against a life insurance policy offers more stability, flexibility, and additional benefits such as a tax-free death benefit and creditor protection. SBLOCs, on the other hand, are subject to market risks and variable interest rates, which can complicate financial planning.
@@nelsonnashinstitute stocks and bonds are passed on with a stepped-up basis so they will be tax-free if sold.
There is no cash-value forfeiture to an insurance company in SBLOC either. all of the cash value goes to your heirs with a stepped up basis. This alone is a massive savings over borrowing against life insurance
“There is no cash-value forfeited to an insurance company in SBLOC either” There is no cash value forfeited to an insurance company with dividend paying whole life insurance either, your premise is incorrect.
@@tricord2939 In those instances the cash value is used to fund the death benefit, meaning you just self-insured anyway.
@@knpstrr Incorrect, the “cash value” is the net present day value of the death benefit. There is absolutely nothing forfeited.
Depends if a company needs your money, now why do we save money so we don’t have a power struggle. I don’t go to Congress to purchase by bulk blank shirts. You can’t have a business without a bank account. Dummy