Do you realize that IBC is all about how to create your own banking system so you can control 100% of your financing needs?
Once you control 100% of your financing needs, you won’t be paying interest to outside banks, finance, and credit card companies, but to a financial instrument that you own and control – your IBC policy.
Bankruptcy? There is an Alternative. A NewRole For Privatized Banking – Part Two By: L. Carlos Lara
Nelson Nash’s “Becoming Your Own Banker” emphasizes the fact that you “finance” everything you buy. You either pay interest to someone else, or if you pay cash, you give up interest that you could have earned.
As the recession deepens, more businesses, as well as individuals, will file for Chapter 7, Chapter 13, or Chapter 11 of the United States Bankruptcy code.
Privatized BANKING: WE ALL NEED IT – By L. Carlos Lara
What so many people do not realize is that the bestype of health coverage can be obtained by the oldest and original insurance policy in America, the Dividend Paying Whole-Life Insurance Policy. In fact, it is the best kept secret in America. Whole-Life not only pays a death benefifit to the insured’s benefificiaries at death, but it also provides the insured living benefifits while alive. In fact, this is what it does best.
In this blog, we are going to cover many of the truths in Nelson Nash’s “Becoming Your Own Banker”.
Privatized BANKING: WE ALL NEED IT – By L. Carlos Lara
What so many people do not realize is that the bestype of health coverage can be obtained by the oldest and original insurance policy in America, the Dividend Paying Whole-Life Insurance Policy. In fact, it is the best kept secret in America. Whole-Life not only pays a death benefifit to the insured’s benefificiaries at death, but it also provides the insured living benefifits while alive. In fact, this is what it does best.
When explaining the relative safety and stability of the insurance sector, proponents of Nelson Nash’s “Infinite Banking Concept” (IBC) will often point to the 1930s. They make claims that although thousands of banks failed, no insurance policyholders missed a payment.
Whole Life Insurance: Since most of us either do not want or cannot afford to pay premiums to such advanced ages, or in case of a financial emergency, there are several options to stop premium payments earlier. These options are Automatic Premium Loan, Premium Offset and Reduced Paid-Up. Let see how we can use these options, their advantages, and disadvantages.
“Should we pay for this with the cash we have sitting in our bank account, or should we first put that cash in our IBC policy and then take a policy loan to purchase the needed item?”
