If you’re a financial advisor, you’re probably always on the lookout for new and innovative ways to help your clients grow and protect their wealth. The Infinite Banking Concept (IBC) is one of the most powerful wealth-building strategies.
It’s a system that allows individuals to use their life insurance policies as a source of collateralized loans. This can be a robust tool for building wealth because the interest rates on these loans are often much lower than what you would get from a bank or other traditional lenders.
One of the best ways to take advantage of the IBC is to use an infinite banking concept calculator. This tool can help you determine how much money you can borrow against your life insurance policy and at what interest rate.
If you’re a financial advisor, you owe it to yourself and your clients to check out this calculator. It could be the key to helping them build the financial future they’ve always wanted.
Financial Strategy Planning Tool
As a financial advisor, you need to earn your client’s trust in your expertise. Analyzing and calculating mind-boggling numbers can become challenging without valuable aids. An infinite banking concept calculator allows you to handle complex numbers efficiently, methodically, and swiftly.
Your clientele consistently generates cash through the infinite banking system instead of depending on third parties like lenders and banks for financial aid. Life insurance policy loans retain their value even when stock market fluctuations happen. Calculator figures and analysis help your clients comprehensively grasp the infinite banking concept.
With the infinite banking calculator, you can direct your clients to explore new financial markets through the graphs and real numbers incorporated therein. The calculator ensures you better assess your client’s present financial position and guide them to seek promising opportunities by making correct monetary decisions.
Types of Calculators Used in Infinite Banking Concepts
Each calculator type assists you to comprehend clientele requirements and suggests expert financial strategies. Enumerating below the primary three calculators used in infinite banking concepts:
Borrowing Strategy Calculator
You demonstrate infinite banking principles by analyzing your client’s payment and loan options. You can also identify impediments to your client’s cash flow and alert them accordingly through such analysis. This calculator aids in you formulating a borrowing strategy customized for your client’s business.
Automobile Purchases Calculator
The automobile purchases calculator impresses your clientele on leveraging an infinite banking concepts policy improves their borrowing strategy. Clients learn how paying cash now has future dollar implications and, thus, better understand the various aspects of financial planning.
Cash Flow Calculator
An essential infinite banking calculator is the cash flow type. As a financial planner, it provides you valuable inputs on your client’s cash flows plus interest rates. Comparing identical cash flow investments with life insurance options provides the clarity you need to value long-term planning.
Whole Life Insurance
Such policies are designed to provide policyholders with cash value benefits. Each time you pay a premium towards keeping your policy active, a section is diverted for savings called cash value.
You can utilize this accumulated cash value as you deem fit for business or personal loans, and your policy serves as collateral. Accessing this cash via a loan does not interfere with your policy’s compound interest.
Depend on transparent software that backs your strategic advice with graphs and real numbers. With the help of such software, you can empower and educate your clients to make sound financial decisions.