Liar, liar, pants on fire

The recession hit and I couldn’t afford to keep paying the $12,000 per year premium ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ I lost $25,000 and I was fuming. I’m talking about infinite banking with whole life insurance policies. No, wait, come back. Don’t run for the door quite yet. I promise you’ll love this story. I was a young financial advisor in my late twenties. I had always been against whole life insurance, but all these real estate investor friends of mine kept telling me how whole life was the best thing since sliced bread. Okay, fine. I gave in and bought a policy through them. Fast forward two years and I had dropped $25,000 into this thing and there was pretty much no cash value at this point. The recession hit and I couldn’t afford to keep paying the $12,000 per year premium. If you don’t keep up with the payments you lose the policy. I lost it all. The thing that gets me is that when I was setting this up I asked the guy, “Can’t I overpay the initial premiums so I can get to positive cash value sooner?” He said no. After I had lost the whole policy, I discovered he was wrong. Even more, he had lied. You see, I started running my own numbers to see what would happen if I front-loaded the policy to make it more cash-rich up front. I had a spreadsheet with the year-by-year numbers all laid out in front of me. I brought this to him to show him a better way. For two hours he hemmed and hawed with excuse after excuse. Until finally, he said, “Chris, I did it that way because I couldn’t afford to cut my commissions." He admitted he lied to me to make himself more money. The reason I wasn’t making any money was because HE was. I wanted to jump around like a ten-year-old screaming, “Liar, liar, pants on fire!” It became my mission to find a better way. Over the next decade, I learned how to create a different kind of whole life insurance policy in a way that helps my clients get the best ROI possible, even if it means I take home less of a commission. I stand behind that principle with every ounce of my being because in the end, your insurance agent should have your best interests at heart. Do you currently have a whole life policy? Is the cash value not looking so good after all the money you’ve paid in? If so, hit reply. We can run some numbers together and see if there is a better way for you, too. Chris [CASHFLOW CALCULATOR]( [INFINITE BANKING]( [CASHFLOW CONSULTING]( [Facebook]( [Instagram]( [Youtube]( Sent to: {EMAIL} [Unsubscribe]( Money Ripples, 224 S Main St #147 , Springville, Utah 84663, United States