There is no shortage of myths and misconceptions about Bank On Yourself or the specially designed whole life insurance policies used for this safe and proven wealth-building method.
Spilling the beans on the myth that financial advisors only sell whole life policies because they receive large commissions
One of the most commonly parroted myths is that financial advisors only sell whole life policies because they receive large commissions for doing so.
As I’ve often explained, when a Bank On Yourself Authorized Advisor helps design and implement a Bank On Yourself-type policy for a client, their commission is slashed by 50-70%. (And, yes, that’s one reason most financial advisors won’t tell you about this, or will try to steer you to another more profitable product.)
But if you’ve been wondering exactly how much commission a Bank On Yourself Authorized Advisor makes on one of these policies, you needn’t wait any longer!
I just recorded a short Podcast spilling the beans on this.
You can learn the surprising truth by clicking on the play arrow below, or you can download the recording as an mp3 and listen to it on your own player or iPod now at:
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The statistic comes from the respected research firm, Dalbar, Inc., in its 15th annual study of mutual fund investor behavior. The study measures the returns investors actually get, not the returns they wished they got.
