C.S. Lewis is perhaps one of the world’s most recognized British authors. He is also known as one of the great defenders of the Christian faith. However, he was not always a Christian. At one time, C.S. Lewis was an avowed atheist.
“In the introduction to one of his most popular books, The Problem of Pain, Lewis says that when people would ask him why he did not believe in God, this is what he would say”
Sometimes we become so overwhelmed that we lose our perspective.
That often quoted remark, “We can’t see the forest for the trees,” is
applicable to any one of us at any given time, resulting in a form of
paralysis that can take hold of us. In order to correct this common
dilemma, someone outside of ourselves must point out what we were
not seeing and help us find our way once again. Once that help has
been provided, there is no mistaking the feeling. It is as though we
were blind, but now we see.
Dr. Solomon Stephen Huebner was a distinguished professor of
insurance at the Wharton School, University of Pennsylvania, and
chairman of the Department of Insurance at the institution. He is
responsible for having written the very first textbook on insurance
in 1915 and introducing the first university-level insurance course
in the United States. This earned him the accolade “the teacher who
changed an industry.”1 By 1998, I had read Dr. Huebner’s classic book,
The Economics of Insurance, in which he introduced the concept of
Human Life Value, and I was most impressed. What one cannot fail to
grasp from reading Huebner’s writings is the undeniable fact that life
insurance is the heart and arteries of a financial plan.
In a country such as ours, with near 300 million inhabitants, it is
important to realize that not all people produce during their entire
lifetime. For example, infants certainly do not produce. The elderly
or otherwise incapacitated, do not produce. We can say that the
unemployed, while they remain unemployed, are not producers. And
then there is that large segment of society which depends entirely
on government support.
There are many types of Infinite Banking Concept (IBC) policies: paid in 10 years, paid to age 65, paid to age 95, paid to age 99, paid to age 120, etc. Does it really mean that you have to pay your policy premiums with out-of-pocket money for so many years? The answer is a rotund “no”. IBC policies and, in general, whole life policies offer significant flexibility in premium payments, helping you adapt your plan if your circumstances change or if you prefer different options.
Fortunate is the young person who has been taught basic money fundamentals by good parents and caring teachers. As a society, we all benefit from this type of education, but so often, this opportunity is not possible for everyone.
Many clients inquire whether they should utilize a policy loan or a withdrawal when seeking cash from their Infinite Banking Concept (IBC) policies. As the owner of an IBC policy, it is essential to prioritize increasing your policy’s cash value to optimize its capacity and efficiency. The most effective way to enhance the cash value of your policy is through contributions to Paid-Up Additions, which can come from three sources: the Scheduled Paid-Up Additions rider, the Unscheduled Paid-Up Additions rider, or the Paid-Up Additions dividend option.
Opportunity cost is probably the single most important concept in economics. Nash first mentions the term on page 23 of his book. This comes under the section “Creating Your Own Banking System.” Notice that he highlights it.
The Infinite Banking Concept (IBC) is a significant paradigm shift for most people. You should start by reading Nelson Nash’s “Becoming Your Own Banker” several times with an open mind. Yes, indeed; since we started practicing and teaching the implementation of IBC in 2008, we have read that book 4 or 5 times each year, and each time we read it, we find new applications for this concept. We recommend that you also read Nelson Nash’s “The Case For IBC”.
In this article, we conclude our investigative reporting of Carol Quigley’s monumental volume, “Tragedy and Hope: A History Of The World In Our Time.” In addition to being an excellent historical account of Western Civilization with detailed analysis of the first two World Wars and ending in 1964, it also tells a most incredible story. If it were not for Quigley’s impeccable academic credentials and his use of verifiable facts, the mysterious account he weaves throughout his book could be interpreted as one of the most creative hoaxes ever publishe
