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.
Some years ago, the late Nobel prize-winning Dr. Albert Schweitzer was asked by a reporter, “Doctor, what’s wrong with men today? The great doctor was silent a moment, and then he said, “Men simply don’t think!”
Why do the defenders of capitalism feel like they’re under a coordinated attack? Because they are.
The question always arises as to what is considered a reasonable contribution. We use the following rule-of-thumb: if you are younger than 21 years old, reasonable contribution should be a minimum of $300 per month (or $3,600 per year); if you are between 21 and 30 years old, it should be the larger of $500 per month (or $6,000 per year) or 10% of your gross annual family income; if you are between 31 and 40 years old, it should be the larger of $1,000 per month (or $12,000 per year) or 10% to 15% of your gross annual family income; if you are between 41 and 50 years old, it should be the larger of $1,500 per month (or $18,000 per year) or 15% to 20% of your gross annual family income; if you are between 51 and 60 years old, it should be the larger of $2,000 per month (or $24,000 per year) or 20% of your gross annual family income; if you are older than 60 years old, it should be either $2,500 per month (or $30,000 per year) or a lump sum larger than $200,000.
We have been Financial Professionals for 26 years, and during the last 12 years, we have dedicated exclusively to the design of high cash value dividend-paying whole life insurance policies.
The Global “Lock Step Scenario.” The Kennedys – Part One: By L. Carlos Lara
It was after reading the works of Augustine of Hippo that I was able to more accurately comprehend the depravity of man and how far his violence can actually extend. Prior to this I was always asking, what many of us lately are asking, “what’s wrong with people these days?”
1)What is the Infinite Banking Concept?
The Infinite Banking Concept (IBC) is an exceptional cash management tool for your personal economy or for your business that gives you financial independence by recapturing interest payments that otherwise would flow to outsiders.
