2023 November BankNotes
One of the greatest awakenings we can experience happens when we
recognize that our monetary systems rest entirely on our confidence.
2023 October BankNotes
Also relevant to this article is this perspective. According to the Tax Policy Center roughly 80 percent (of revenue for the federal government) comes from the individual income tax and the payroll taxes that fund the social insurance programs.
2023 September BankNotes
—Adam Smith, An Inquiry into the Nature & Causes
of the Wealth of Nations. Volume I, 17591
Within this quote by Adam Smith resides the
fundamental premise for the creation of the IBC
Practitioner Program for financial professionals.
2023 July BankNotes
Becoming Your Own Banker, by author R. Nelson Nash is an
extraordinary book. And yet, it’s not actually a book as much as it
is a book-let. A mere one hundred and seven pages in its entirety, it
dispenses wisdom and logic of a kind that only an individual who has
been educated in the Austrian School tradition could have written.
Neither the brevity of its treatment nor its plain language takes away
from the fact that it contains information of great intellectual and financial depth.
2023 June BankNotes
Bankruptcy? There is an Alternative. A NewRole For Privatized Banking – Part Two By: L. Carlos Lara
2023 April BankNotes
Privatized BANKING: WE ALL NEED IT – By L. Carlos Lara
What so many people do not realize is that the bestype of health coverage can be obtained by the oldest and original insurance policy in America, the Dividend Paying Whole-Life Insurance Policy. In fact, it is the best kept secret in America. Whole-Life not only pays a death benefifit to the insured’s benefificiaries at death, but it also provides the insured living benefifits while alive. In fact, this is what it does best.
2023 March BankNotes
Privatized BANKING: WE ALL NEED IT – By L. Carlos Lara
What so many people do not realize is that the bestype of health coverage can be obtained by the oldest and original insurance policy in America, the Dividend Paying Whole-Life Insurance Policy. In fact, it is the best kept secret in America. Whole-Life not only pays a death benefifit to the insured’s benefificiaries at death, but it also provides the insured living benefifits while alive. In fact, this is what it does best.
2023 February BankNotes
When explaining the relative safety and stability of the insurance sector, proponents of Nelson Nash’s “Infinite Banking Concept” (IBC) will often point to the 1930s. They make claims that although thousands of banks failed, no insurance policyholders missed a payment.
2023 January BankNotes
OPTION VALUE EMBEDDED IN WHOLE LIFE POLICY
One obvious difference between a whole life policy and a term policy with the same death benefit, is that the former gives the policyholder the option to maintain coverage for life. (This after all is the reason we call it “permanent life insurance” and the plain vanilla “whole life” policy.)
2022 December BankNotes
“MEC” Defined: The acronym “MEC” is short for “modified endowment contract.” To say
that you “MEC”ed a policy means that you stuffed it with too much money and hence the IRS will now cease to classify it as a standard life insurance contract.
