Control and Compound with Darren Mitchell
A Permission Slip To SPEND Your Money | How a Death Benefit Works in an Infinite Banking Policy
17 Oct 2022
We've talked a lot about what the infinite banking strategy can do for you when you're taking advantage of opportunities before retirement but on today's episode, Darren and Christina are breaking down a strategy that comes into play in retirement: the death benefit. Rarely a main focus, the death benefit will give you a permission slip to spend your own money in retirement. Darren and Christina use an example of two brothers who both have $1,000,000 saved for retirement where one has an expired term insurance policy and the other has a death benefit. You'll be amazed at the difference a death benefit can provide! Tune in now to find out. 00:00 - Introduction 2:20 - Breakdown of retirement spending, one brother with expired term insurance and the other with $1,000,000 death benefit at 35% tax rate 7:15 - Same example at tax rate of 50% 9:55 - Same example but if interest earned drops 2% 13:48 - Wrap up TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound
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