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.
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.
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?
Why Nelson Labeled This “The Infinite Banking Concept” By David Stearns
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.
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.
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.
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.
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.
A world of tighter top-down government control and more authoritarian leadership, with limited innovation and growing citizen pushback.” 1
The Rockefeller Foundation on the future SCENARIOS: May 2010
