Becoming Your Own Banker

Blog #7 – Guaranteed Access To Credit Through Your Banking Policy

As we all know, capital purchases are unavoidable expenses and we define capital purchases as those that we cannot accommodate through our weekly or monthly cash flow. A typical capital purchase may be a car, a college education, a wedding, or an exotic vacation.One of the greatest living benefits of a properly-designed IBC or banking … Read more

Blog #6 – Tax-Free Retirement Income

A traditionally-designed whole life policy originally maximizes the death benefit that you obtain for a given premium while the cash value is originally very small or non-existent. This type of design is encouraged by most insurance agents and broker-dealers because it generates better commissions for them, but it doesn’t do much for you as a … Read more

Blog #5 – Money Velocity

By: L. Carlos Lara 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 … Read more

Blog #4 – Direct Recognition and Non-Direct Recognition Insurance Companies

The terminology of direct recognition and non-direct recognition refers to the method that the insurance company uses in treating dividends when there is an outstanding policy loan. As we explained in a previous blog, when you take a policy loan, you are borrowing against your cash value, using it as collateral for your loan. The … Read more

Blog #3 – Why IBC Works

By: Dr. Robert Murphy When people first hear about the advantages of the Infinite Banking Concept (IBC), a typical reaction is to say, “That’s too good to be true.”For example, the IBC agent might tell his or her client that in order to take out a loan against the cash values in a whole life … Read more

Blog #2 – Whole Life Policy Loans: How They Work

One of the best “living benefits” of a whole life policy is the ability to borrow against its cash value. As the cash value accumulates, you can access from 85 to 90% of it in the form of policy loans at any time, for any reason, with no questions asked. The reasons to obtain policy … Read more

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