In this episode of The Wade Borth Podcast, Wade tackles a common question: "Should I take a life insurance policy out on my child?" Wade dives deep into the Infinite Banking Concept (IBC), explaining the benefits of starting policies early, teaching financial stewardship, and ensuring guaranteed insurability. He also addresses misconceptions, explores the importance of a family banking system, and shares insights on maintaining control of policies. Whether you're new to IBC or a seasoned listener, this episode is packed with valuable insights for building generational wealth. Tune in, learn, and take the first step toward financial freedom.
Episode Highlights
01:39 - Should I take a policy out on my child?
03:37 - Teaching financial habits through child policies.
06:06 - Grieving a child’s loss: the financial impact.
09:04 - Insuring children for guaranteed insurability.
11:31 - Family banking system and life insurance.
15:04 - Children learning through policy ownership.
18:51 - Retaining policy ownership within the family.
25:17 - Planning for the next generation’s financial freedom.
Episode Resources
Connect with Wade Borth
www.sagewealthstrategy.com/
wade@sagewealthstrategy.com