A traditionally-designed whole life policy originally maximizes the death benefit that you obtain for a given premium while the cash value is originally very small or non-existent. This type of design is encouraged by most insurance agents and broker-dealers because it generates better commissions for them, but it doesn’t do much for you as a … Read more
By: L. Carlos Lara Becoming Your Own Banker, by author R. Nelson Nash is an extraordinary book. And yet, it’s not actually a book as much as it is a book-let. A mere one hundred and seven pages in its entirety, it dispenses wisdom and logic of a kind that only an individual who has … Read more
The terminology of direct recognition and non-direct recognition refers to the method that the insurance company uses in treating dividends when there is an outstanding policy loan. As we explained in a previous blog, when you take a policy loan, you are borrowing against your cash value, using it as collateral for your loan. The … Read more
By: Dr. Robert Murphy 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.”For example, the IBC agent might tell his or her client that in order to take out a loan against the cash values in a whole life … Read more
One of the best “living benefits” of a whole life policy is the ability to borrow against its cash value. As the cash value accumulates, you can access from 85 to 90% of it in the form of policy loans at any time, for any reason, with no questions asked. The reasons to obtain policy … Read more
I have decided to start a blog to help people understand the process of The Infinite Banking Concept (Infinite Banking).
