Ep. 36: Building Your Banking System: Why Dividend Rates Mislead (Part 1) | BYOB Series #16 cover art

Ep. 36: Building Your Banking System: Why Dividend Rates Mislead (Part 1) | BYOB Series #16

Ep. 36: Building Your Banking System: Why Dividend Rates Mislead (Part 1) | BYOB Series #16

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In Episode 36 of the BYOB Series, Tricia Miller continues the walk through Nelson Nash's chapter on creating your own banking system through dividend-paying life insurance. This first half of the conversation focuses on dividends: what they are, how they are determined, and why dividend rate alone is not a sound way to compare policies or companies.

Along the way, Tricia explains why policy illustrations are only snapshots in time, how owner behavior affects the outcome, why future dividend projections should not be treated like promises, and why declared dividends are different from projected ones. She also explores why life insurance companies plan conservatively and why headline numbers do not tell the whole story.

This is Part 1 of a two-part discussion on dividends and building your banking system through dividend-paying whole life insurance.

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Disclaimer: All content on this site is for informational purposes only and does not constitute financial advice. The content shared is not intended to be a substitute for consultation with the appropriate professional. Opinions expressed herein are solely those of Tricia Miller, unless otherwise specifically cited. The data that is presented is believed to be from reliable sources, and no representations are made by Tricia Miller, Thrivewell, and Bankless By Design as to another party's informational accuracy or completeness. All information or ideas provided should be discussed in detail with your Adviser, Financial Planner, Tax Consultant, Attorney, Investment Adviser or the appropriate professional prior to taking any action.

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