I would urge anyone who intends to read this write up to first read all of the rest of the Whole Life “How it Works” write-ups with the exception of the “infinite banking” write-up which pertains to a unique and ill-conceived WL sales approach. This is one of two final write-ups in the series discussing WL products. STANDARD INTRODUCTORY COMMENTS Whole Life (WL) is the most complex product ever developed by the life insurance industry.
Articles from January 2019
“HOW IT WORKS”; #12) WHOLE LIFE: INFINITE BANKING NONSENSE
“HOW IT WORKS” SERIES; WHOLE LIFE: “INFINITE BANKING” OR “INFINITE NONSENSE” To understand what is communicated in this write up a comprehensive understanding of Whole Life (WL) is essential. Anyone hoping to follow the logic discussed below would benefit from reading all of the other “How it Works” write-ups on WL. Absent that, one might view some of what’s said as opinion, not fact. This write-up addresses a decades old sales concept recommending the use
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