Ep. 31 - IBC Loans: Is There Interest?

Episode 31 - IBC Loan: Is There Interest?    Welcome back to The IBC Guys Podcast!   In this episode of The IBC Guys, Mike is away and Dave works to tackle a question people often ask - “Is there interest when I take a Cash Value loan?”  Discussing the ceiling of Cash Value, the collateral of the Death Benefit, and how the ledger continues to make one uninterrupted compounding growth, Dave discusses how the interest rate comes out to about a 0% interest loan.  All the above, as well as fixed and variable loans, coalesce into an episode that answers the question, “Is there interest?” Also in this episode, Dave has no excuse for rabbit trailing, he discusses how IBC loans are leveraged within his own company, and he teases the coming episode with Mike.  If you’ve been interested in how loan interest works within IBC, this episode is for you! Key takeaway: Any money you’ve put into the policy continues to make uninterrupted exponential growth, even if/while you’ve borrowed against the Cash Value and are paying an interest rate to the insurance company.   Resources Mentioned: 📩 Email: [email protected] | [email protected] 📞 Call: 507-205-2284 📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min   📱 Follow us on social media:  Dave’s Facebook: https://www.facebook.com/dave.parmerlee Dave’s Instagram: https://www.instagram.com/dave_ibcguys/ Dave’s Linkedin: https://www.linkedin.com/in/david-parmerlee-121bb3293/   Mike’s Facebook: https://www.facebook.com/profile.php?id=100090029017545 Mike’s Instagram: https://www.instagram.com/mike_ibcguys/ Mike’s Linkedin: https://www.linkedin.com/in/mike-stevens-962186336/ 🔔 Don’t forget to subscribe and leave us a review—it helps us reach more people looking for financial freedom through IBC! #InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom