129. The Wrong Way to Structure Whole Life Insurance in Canada

Wealth Without Bay Street EPISODE 129: On today’s episode of Wealth Without Baystreet, we are joined by Vernon McCarty and Richard Canfield as they talk about The Infinite Banking Concept and how Par Whole Life Insurance in Canada is the original Tax-Free Savings account. This is part two of the two part series, where Richard and Vernon get their rant on! IN THIS EPISODE, YOU WILL LEARN: 0:00 Introduction 1:31 Insurance Has Good Value 4:48 Control the Process 6:42 Debt to Deposit Ratio 9:38 Tale of Two Dads 12:56 Passing Down a Policy 17:54 Getting Your Info From the Right Place 24:58 Choose The Most Equipped 26:45 What Insurance Companies Do Wrong 34:30 Product vs. Process 37:48 Why You Should Read Nelson’s Book