Infinite Banking Calculator: How to Utilize it For Your Clients
When you are looking to make financial planning and process easier for your clients, you need to be explaining it correctly. However, showing your clients what you’re talking about can be challenging, especially when they’re not well-versed with financial or economic terms and aspects.
However, with solutions like the infinite banking calculator, you can show accurate calculations using numbers to your clients for better understanding. When you are looking to use this calculator for your clients, here is what you can utilize it for:
The financial calculator will provide an overall holistic picture of your client’s finances. It can inform them of opportunities they can consider and which mistakes to avoid making.
You can also find graphs and thorough numerical projections. When you are looking to make your clients understand how specific decisions can impact their short and long-term financial planning, the financial calculator is the perfect tool.
You can show the principles of the Infinite Banking Concept to your clients, which can analyze their loan and payment options. It can show them how to alleviate their cash flow bottlenecks when they have a good idea of how much money is being credited and debited to their accounts.
They can also view alternative funding sources and how they can be more effective for their long-term financial plans than traditional sources. They will have a clear idea of how much they can borrow and what that will do to their finances.
When your clients are looking to compare life insurance options with alternative investment options with similar cash flows, the funding illustrations tool is perfect. It helps provide clarity and provide value for lifelong planning. You can use this nifty tool to compare the cash value of life insurance policies to a savings account at a bank.
It can show clients how putting their capital in specific life insurance policies can be more beneficial than having that capital in a savings account. You can also open up alternative investment options for your clients by showing them the funding illustrations.
The Infinite banking calculator also has a specific tool for those interested in investing in the stock market. This tool includes the S&P 500 with and without dividends from the 1940s to the present time. It is updated annually, so your clients have access to information that is relevant to them.
The tool helps demonstrate the actual vs. average rates of return, fees, and other charges. It can show clients what their actual returns are after all the deductions have been made. When you’re looking for a tool that can show the significance of your client’s investments to them, this is perfect.
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Education can cost quite a bit, and clients need to know how it impacts their long-term planning. The tool can show the reduction in assets due to paying for college. It can also show how much income can be generated through these assets in later years if they are not invested in college education.
When looking for a comprehensive tool to better illustrate finances to your clients, the infinite banking calculator is what you should consider.