It’s another round table discussion where we break down the topics within the Infinite Banking Concept (IBC). Today, we’ll talk about how long you should pay your paid-up additions (PUA) rider. Last time, we talked about what we can do with dividends, one of which is reinvesting it. In essence, you purchase paid-up additions (PUA) using the policy’s dividends instead of premiums. Paid-up additions rider enable more cash value in your insurance policy and faster growth from dividends. It’s like rocket fuel that helps make your money more efficient. An intriguing discussion is how long you should be paying your PUA. Why do you think that question comes up? Below are some considerations when people decide how much money they are willing to invest and how long they should pay: - People want to have cash right away. - People want to create a highly efficient contract as quickly as possible. - People want to create a tailwind of growth, making it as efficient as possible to propel their policy with sustainable growth and sustainable cash values for an extended time.
