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SilasBarta comments on Open Thread: July 2010 - Less Wrong
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I'm in a typical decision-paralysis state. I want to sign up, I have the money, but I'm also interested in infinite banking, which requires you to get a whole-life plan [1], which would have to be coordinated, which makes it complicated and throws off an ugh field.
What I should probably do is just get the term insurance, sign up for cryo, and then buy amendments to the life insurance contract if I want to get into the infinite banking thing.
[1] Save your breath about the "buy term and invest the difference" spiel, I've heard it all before. The investment environment is a joke.
You mentioned this before and I had a quick look at the website and got the impression that it is fairly heavily dependent on US tax laws around whole life insurance and so is not very applicable to other countries. Have you investigated it enough to say whether my impression is accurate or if this is something that makes sense in other countries with differing tax regimes as well?
I haven't read about the laws in other countries, but I suspect they at least share the aspect that it's harder to seize assets stored in such a plan, giving you more time to lodge an objection of they get a lien on it.