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In this episode, Nate shares when and how to deduct interest paid on life insurance policy loans. Many assume it's not possible, but under certain circumstances, the interest can become a business expense.

Learn the critical details that make policy loan interest tax deductible when used for specific purposes. This unique strategy allows you to earn taxdeferred growth in your policy while writing off interest costs.

Get clarity on ideal scenarios to maximize deductions, like using separate policies for personal and business needs. Plus, you'll hear tips to simplify accounting and create a clean paper trail. Whether commingling funds or segregating accounts, you'll learn straightforward methods to track deductible interest.

Let this benefitdriven episode open your eyes to littleknown ways to leverage policy loans.

Get the free resources mentioned in this episode here:
https://livingwealth.com/e209

Topics Discussed:
* Unlock Tax Savings: How policy loan interest can be deductible
* Revealed: Unique tax strategies exclusive to life insurance
* Myths Exposed: Common myths about deducting policy loan interest
* Uncover When: Scenarios where interest writeoffs apply
* Demystify How: General provisions that enable deductions
* Clarify Accounting: Simple accounting tips to maximize deductions
* Illuminate Policy Types: The power of segregating policy types
* Elucidate Records: Maintaining clean paper trails for transparency
* Shed light: Managing commingled policy uses
* Make it Simple: Treating loans as interestonly for simplicity
* Managing Tax Burdens: The advantages of taxdeferred growth
* Use Loans for Advantage: Surprising ways to leverage policy loans

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About Living Wealth:
Our mission is to help individuals and business owners build a brighter financial future so they can feel (and be) more secure. We believe utilizing Infinite Banking is the best way to engineer that brighter financial future.

For over 30 years, we've focused on teaching families and entrepreneurs how to create and transfer wealth by becoming their own bankers through Private Family Financing and the Infinite Banking Concept (IBC). Our team works with you to develop a longterm relationship and help you recapture the money you're currently losing to other financial institutions.
The Infinite Banking Concept (IBC) is a financial strategy that uses a dividendpaying whole life insurance policy to create a personal banking system. The policyholder pays premiums to build up cash value over time, which can be immediately borrowed against taxfree and for any purpose, essentially making them their own "bank."

In fact, the tool used is the same tool that the largest banks in the world use: Permanent Life Insurance. And it's not just for banks. The Waltons of Walmart and countless other bluechip families and companies use it.