2021 June BankNotes
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.”
Blog 78 – The Infinite Banking Concept: Why We Believe In It
A lot of our clients are concerned and ask many questions about the guaranteed cash values in IBC policies. We want to make absolutely sure that you understand all the assumptions behind the guaranteed values in these policies.
2021 April BankNotes
The Modified Endowment Contract aka The MEC: By L. Carlos Lara
For those of us who have read Nelson Nash’s book, Becoming Your Own Banker, or even for those of us who are just now entertaining the idea of doing so, the resultant understanding after reading it is that the platform used to set up the process for becoming your own banker requires a specially designed insurance contract. To be even more specific, it requires a dividend paying Whole Life insurance policy with a special codicil known as a Paid-up Additions Rider.
Blog 77 – Get More Cash Value With Unscheduled PUAs
A lot of our clients are concerned and ask many questions about the guaranteed cash values in IBC policies. We want to make absolutely sure that you understand all the assumptions behind the guaranteed values in these policies.
Blog 76 – Guaranteed Cash Values In IBC Policies
A lot of our clients are concerned and ask many questions about the guaranteed cash values in IBC policies. We want to make absolutely sure that you understand all the assumptions behind the guaranteed values in these policies.
Blog 75 – Infinite Banking And College Education
The number one concern of most of our clients with young children is how they can assist their children with their college education without affecting their retirement plans.
Winter 2020 Lara-Murphy Report
In this final installment, Carlos explores the sinister role of the Rockefeller Foundation in global politics, and how Bill Gates has suddenly become a health authority.
Blog 73 – Short-Term Versus Long-Term Cash Values In IBC Policies.
Why do the premiums paid exceed the cash value during these first years? Well, it is due to the initial costs of setting up the death benefit and the compensation paid to the financial professional who designs, sells, and will service the policy for years to come. This is what Nelson Nash calls “the capitalization phase of the policy”. Insurance companies call this initial cost, acquisition cost.
2020 November BankNotes
Some years ago, the late Nobel prize-winning Dr. Albert Schweitzer was asked by a reporter, “Doctor, what’s wrong with men today? The great doctor was silent a moment, and then he said, “Men simply don’t think!”
Blog 72 – How Much And For How Long You Should Contribute To Your IBC Policy.
The question always arises as to what is considered a reasonable contribution. We use the following rule-of-thumb: if you are younger than 21 years old, reasonable contribution should be a minimum of $300 per month (or $3,600 per year); if you are between 21 and 30 years old, it should be the larger of $500 per month (or $6,000 per year) or 10% of your gross annual family income; if you are between 31 and 40 years old, it should be the larger of $1,000 per month (or $12,000 per year) or 10% to 15% of your gross annual family income; if you are between 41 and 50 years old, it should be the larger of $1,500 per month (or $18,000 per year) or 15% to 20% of your gross annual family income; if you are between 51 and 60 years old, it should be the larger of $2,000 per month (or $24,000 per year) or 20% of your gross annual family income; if you are older than 60 years old, it should be either $2,500 per month (or $30,000 per year) or a lump sum larger than $200,000.