IBC Crash Course For 2023’s Rate Volatility > Prime vs Policy Loan Rate
Lesson 3 of 7
Prime vs Policy Loan Rate
Borrowing against Whole Life for infinite banking (IBC) is one of the most confusing and conflicting concepts for clients to understand.
Hutch walks through 40 years worth of historical data to see the relationship between policy loans, outside loans, and Whole Life dividends over time. Learn which loan type is better in different interest rate environments, and when to switch.
Notable Timestamps:
1:07 – Comparing policy loan rates vs. Whole Life dividends from 1983-2023
4:32 – Comparing policy loan rates to the Prime rate to choose the best of
7:38 – Bob Hope said, “A bank will loan you money, if you can prove you don’t need it”
If you’ve done enough research, and realize this is something you want to pursue for yourself… take a quick moment to book a slot on our team’s calendar before jumping back into the video course!