Buying things based on interest rates alone can be a big problem. We seeing the proof of that right now in the commercial real estate market where owners having to refinance at higher rates is causing fire-sales pretty much across the board. It's also true with other asset classes like whole life insurance. Sometimes people will pass up whole life because they think they can get better rates on either growth or loans somewhere else. But one thing we know is true: Rates change. People who passed on whole life 5 years ago because bank rates were lower are kicking themselves now that bank rates have gone up! ---- EPISODE HIGHLIGHTS: (00:22) Understanding Rates and Whole Life Insurance (01:23) The Misconception of Rates in Financial Decisions (02:25) A Good Decision About Rates Now Can Be a Bad One Later (04:10) The Benefits of Whole Life Insurance Beyond Rates (12:30) Policy Loan Rates Explained (20:33) The Importance of Control Over Financing (20:45) Time Preference and Financial Planning (24:07) Recommended Reading on Interest Rates ---- LINKS: Get in touch: SCHEDULE A CONSULTATION Online Course: IBC MASTERY ---- About Your Hosts: Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit from a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family—even the skeptics! John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide. John Perrings started StackedLife Financial Strategies after a 20-year career in Silicon Valley's startup world, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide. ---- Connect with us Get in touch to see how you might apply these principles to your situation. Schedule a free, no-obligation 30-minute consultation with us today! ---- ONLINE COURSE: Stop wasting hours on YouTube trying to piece together the information you want regarding The Infinite Banking Concept®. Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance: IBC MASTERY