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Author: JAFO31 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 17882  
Subject: Re: Whole Life Annuity Private/infinite Banking Date: 4/21/2013 12:44 AM
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mtimothy: "Guys I don't to give it all away, so it's a small audience.

. . .

A reason not to give it all away is that I will hope to create
a business out of this in a couple few years, which is literature,
web site, and why would I tell everything I know."


Why kind of license do you plan to obtain for advice regarding insurance and investments?

"I got my first policy from a great guy that in a specialist.

I found him a little temperatmental and difficult to work with
but I understand his approach now. He put me with Lafayette Life
who is smaller in top 10 of assets, because they accept tobacco.
They also are more creative in structuring for maximum PUA for the
infinite banking applications."


The MEC rules are the MEC rules. Do you understand that if the company was too creative, the "policy" might not actually be a life insruance policy?

"For example after BK I can not even an auto loan at a reasonable interest. In one year, I can buy any I want with cash,"

Which you could do if you simply saved the same amount in a savings account for one year instead of paying it to an insurance company and letting ti deduct insurance and other costs, including commission for your broker.

"all that interest and collision insurance going to myself instead. That is the concept."

If you are foregoing collision insurance one a new car within one year after bankruptcy, it makes me wonder about how much you understand about risk management.

Regards, JAFO
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