Using Infinite Banking to Buy Equipment & Grow Your Business
In this month's Infinite Banking | Private Capital call, Nolan Sanburn is joined by Mackinley Baird, Communication Director for our Infinite Banking practice. Two clients, a young trucking company owner and a lineman building a home renovation business, open the call by sharing how they plan to use their policies to buy equipment, pay down debt, and eventually acquire other businesses. Nolan explains why interest and taxes are the two most expensive things in most people's lives. He also covers how factoring companies make their money and how policy loans can bridge the same gap.Mackinley and Nolan then cover what happens after a policy is in force. They introduce Josie, our new Operations Manager, who handles policy loans and requests behind the scenes. They also explain our Pinnacle status with Ameritas: roughly 30 of about 7,500 Ameritas advisors hold it. Because of that status, a policy loan that can take around 14 days through the online portal can be in your account in about three days when we submit it. The team also explains why Ameritas built its Access whole life policy specifically with Infinite Banking in mind.The second half covers why your policy keeps growing whether or not you borrow against it, using the "two identical houses" exercise. Mackinley walks through the cash-only, bank-financing, and policy-loan options on a real commercial property, including the effect on cash-on-cash return. Nolan shares how he uses policy loans for earnest money, leasing commissions, rehab starts, and site visits. The main point of the call: the policy is only a tool, and its value comes from how you use it.Want to start your next Infinite Banking policy? My Communication Director Mackinley’s cell is +1 (205) 909-7916. Shoot her a text & lets line up a call.
