Comments on: Video Overview: Bank On Yourself in a Nutshell

By: Pamela

Pamela — Mon, 10 Oct 2011 18:49:01 +0000

Many people age 62 and older start Bank On Yourself plans (I devote a whole chapter of my best-selling book to this). Remember, there’s a good likelihood you’ll live another 20-35 years, so you need to take action NOW if you want to make sure your money lasts as long as you do. The only way to find out for sure if you can benefit from Bank On Yourself is to request a free Analysis. There’s no obligation and you won’t even be asked to buy anything during your first meeting. But at least you’ll know now, rather than looking back 10 years from now and saying, “I wish I’d looked into that 10 years ago!”

By: dal

dal — Fri, 07 Oct 2011 03:00:23 +0000

Pamela,

I’m interested in the concept but very skeptical. I’m 62 and I wonder how this works for someone my age. I’m at the point where I have slightly more money than time How does this work for me?

By: Joe gtoves

Joe gtoves — Wed, 31 Aug 2011 14:25:59 +0000

Sounds good im awaiting a personal analysis I hope the future is as bright as it seems.

By: Prabha

Prabha — Mon, 27 Jun 2011 16:13:27 +0000

What is the difference between Whole life insurance and Bank on yourself policy? If you do not invest in Stocks or Bonds and Mutual funds, how does the money grow in the policy?

Thank you
Prabha.

By: Pamela

Pamela — Mon, 06 Jun 2011 17:37:11 +0000

Thanks for the kudos, Lee.

I own two fixed indexed annuities and think they are good financial vehicles. However, I would NEVER consider them a replacement for Bank On Yourself policies!

But rather than my telling you what the differences are, I’d prefer you educate yourself. You can compare Bank On Yourself to these annuities advantage-by-advantage for yourself here.

How many of these advantages and guarantees do you WISH you had?

By: Lee McIntyre

Lee McIntyre — Wed, 01 Jun 2011 07:43:27 +0000

Hi Pamela, I’ve studied the Web site (it’s huge, and wonderfully rich with resources), read the book, listened to the audio CD you provided with the book (on which your video, above, appears to be based), and am excited by the concept.

I’m a life insurance specializing in fixed index annuities, so I have a bias in favor of them. Your web site ably compares BOY-type policies to the market, bonds, CDs, etc., but if there is a head-to-head comparison with FIAs, I’ve missed it. In general, what are the pros and cons? (Would you kindly e-mail your answer to me, in addition to posting it here?)

Thank you. By the way, I consider you to be a Master at marketing. You’ve obviously worked very, very hard to have so many personal appearances, a vibrant (and generally current) web site, a best-selling book, and a caring family, to boot. Bravo.

By: Pamela

Pamela — Wed, 11 May 2011 20:57:48 +0000

See answer below. For the life of me, I can’t figure out why people post comments on websites after admitting they have no clue what the site is about.

By: Pamela

Pamela — Wed, 11 May 2011 20:56:49 +0000

As I’ve explained many times, and in detail on pages 100 -103 of my best selling book, if the right companies are used, the interest you pay on policy loans ultimately benefits you the policy owner. You will have the exact same cash value whether you borrow from the policy and pay it back at the interest rate the company charges, as you would if you didn’t borrow from your policy at all. Furthermore, this is not universal life, which you would know if you had actually watched the video or read more than a couple paragraphs on this website. In addition, my $100,000 cash reward to the first person who has a different product or strategy that can match or beat the advantages and guarantees of Bank On Yourself still remains unclaimed.

By: Darrin Green

Darrin Green — Tue, 10 May 2011 19:41:50 +0000

In Kansas and ALL other states a “insurance dividend” is not taxable as income because the insurance companies have told the state and federal gov that any dividend is simply a refund for OVER-PAYMENT of PREMIUM.
Universal life traditionally has such high fees for policy application, policy administration, and many other numerous BS fees, that it is a total rip-off to the consumer.
So, when we borrow the money from this life insurance plan that we are using as savings, what is the interest rate we have to pay to BORROW OUR OWN MONEY?

YES, I am the doubting Thomas…

By: Darrin Green

Darrin Green — Tue, 10 May 2011 19:29:26 +0000

Sounds like Universal Life Insurance or an Annunity…or an prepaid life. They all suck for the consumer. So why is your product so great?