2021 May BankNotes
Of course, the importance of insurer selection must
not be underestimated. Life insurance involves a
long-term guarantee
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.
2021 March BankNotes
President Biden claimed during his Super Bowl interview that “all the economics show” that if the government imposes a $15 minimum wage then “the whole economy rises. For his part, Nobel laureate Paul Krugman has claimed for years that “[t]here’s just no evidence that raising the minimum wage costs jobs, at least when the starting point is as low as it is in modern America.”
Is this really possible?
2021 February BankNotes
Why Nelson Labeled This “The Infinite Banking Concept” By David Stearns
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.
Blog 74 – Why Doesn’t Everyone Practice The Infinite Banking Concept (IBC)?
Some people are doing quite well financially, and they feel that what they are doing is working fine for them. They have the mistaken opinion that since they feel they are doing well, there is no room for improvement, or to try something they may not be familiar with. Therefore, they are not interested in learning anything about IBC.
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.
2021 January BankNotes
Get-out-of-debt guru Dave Ramsey recently released on YouTube an excerpt
of his show where he called IBC a “scam.” Specifically, someone called in
to tell Dave that his financial advisor had touted the benefits of a Whole Life
policy with a mutual company, including the dividends. Ramsey was aghast,
and explained that since the owners of a mutual company are the customers,
any “dividend” they send to you is necessarily coming out of your own pocket.
In fact, Dave explained, the IRS itself acknowledges this, by calling such a dividend a “return of a deliberate overcharge of premium”; this is why the IRS doesn’t tax it as income. Dave ended the call by telling his listener that he needed to get a real financial advisor, not someone trying to sell overpriced Whole Life insurance.