Infinite Banking Mastery

Getting started with Infinite Banking is exciting, but it can also make you nervous, especially if you're concerned about how to fund it. And many people are, because I'm often asked questions like "How much does it take to get started?" and "Do I need to have a lot of money up front?" So today I'm here to help calm those nerves! In this episode, I'll walk you through those questions so you can st...

Some people don't realize churches can utilize Whole Life insurance and the Infinite Banking Concept. And even fewer realize how many people in a church are eligible to be insured–it isn't just the pastor! In this episode, I'll share the different categories of church members who can be insured and how Whole Life insurance can be a blessing to a congregation, whether they utilize the Infinite Bank...

If you're young and healthy you can be tempted to delay getting long-term disability insurance. But in addition to coverage in an unpredictable world, there are also benefits you can glean from a policy even if you never become disabled. In this episode I'll share those benefits. And I'll tell you what to consider if you think a policy is too expensive or won't cover what you had hoped. Listen now...

You know some things can slow down accelerated underwriting. But there are also health conditions that can slow down underwriting even if it isn't accelerated. In this episode I'm sharing common health conditions that can get in the way, and how to know whether they can be overcome or will lead to rejection. I'll also share a simple way to "test the waters" before underwriting if you're afraid you...

Accelerated Underwriting sounds faster than conventional underwriting, and it certainly can be. But you might be wondering: just how fast is it? In this episode I'll share, from real experience, how quickly approval can happen. I'll also share why it doesn't always work that quickly, and the biggest factors that influence how long it takes. Listen now! Show highlights include: "No-brainer" reason...

You know about the underwriting process for life insurance, but you might be wondering exactly how it works and how long it should take. In this episode I'll explain what happens as soon as you sign the application, what an underwriter is looking for, and why honesty is absolutely your best policy throughout the process. I'll also share why underwriting can take longer than expected, but it's noth...

We've talked about how a Whole Life policy can "MEC," but the language around what makes this possible can be confusing. So I'm here to help with more information about the biggest risk to existing policies later becoming Modified Endowment Contracts. I'll also explain how knowing the way these policies can go wrong helps me build strong policies from the start. Listen now! Show highlights include...

You've heard that a Whole Life policy can "MEC." But what does that even mean? And what are the real-life consequences if your policy becomes a Modified Endowment Contract? The consequences are real and undesirable. So in this episode I'll explain what a MEC is: where it came from, how it happens, and what you can do to avoid it. I'll also help put your mind at ease about what to do if it ever hap...

You know you'll need to go through the underwriting process for Whole Life insurance so you can set up your Infinite Banking system, and you're wondering: "How long will this take?" In this episode I'll explain how long it usually takes, and why it sometimes takes longer. I'll also tell you what to expect in underwriting and share a real-world example of a case that took longer than usual, and the...

You're ready to start Infinite Banking and you want to replace or cancel existing life insurance contracts so your resources can go toward your new policy. Be careful! Some contracts have a provision that will leave you with just a fraction of the money you've put into the policy if you walk away. I'm talking about surrender charges. And in this episode I'll explain what they are, how they work, a...

You already know IBC can help you have a predictable income stream in retirement, but you might be wondering if there's even more you could do to brace for the uncertainty of your golden years. This episode is for you because I'll explain how to set up a product that works like a personal pension, how it works, and why now could be the absolute best time to consider this type of vehicle. Listen no...

A key benefit of Infinite Banking is the ability to borrow against the cash value in a Whole Life insurance policy. So you might be wondering: "Does it have to be specially built, or will any Whole Life policy work?" This is a great question because it helps us appreciate the difference between something that technically works and something that works for you the best it possibly can. In this epis...

It's time to bust another myth about Infinite Banking. This time I'm tackling the mistaken idea that borrowing against your life insurance policy makes you lose money. I'll explain where the confusion comes from, and the truth about IBC and borrowing. Listen now! Show highlights include: Surprising source of IBC confusion. (1:15) IBC loans "de-mystified." What actually happens when you take a poli...

Some people think Infinite Banking is only for retirement planning. But while IBC is wonderful in retirement, it's a mistake to think it can only help you later in life. In this episode, I'll explain the multitude of ways IBC can help you plan in all stages, not just retirement. Listen now! Show highlights include: Key features of IBC and common pitfalls to avoid. (2:41) Unbelievable flexibility o...

I've shared several details before about how I discovered IBC and started advising other people. But if you've ever wanted to know more, then you'll love this episode. That's because I'm sharing my recent appearance on the Infinite Banking Initiative podcast from the Nelson Nash Institute. And it is all about how I found IBC, and the impact it has on me and my clients. This is the most-detailed ac...

Some people look at the funds that go into a Whole Life Insurance policy built for Infinite Banking and think the money goes in and then you don't have control…at least not for a long time. But is that the truth? In this episode I'm tackling two more IBC myths head-on so you can have a clear view of what Infinite Banking is really like. I'll explain why–despite what critics say–IBC offers you unma...

Would you rather earn: $100,000 a day for 30 days or… Earn a penny that doubles every day for 30 days? Trick question. At the end of the 30 days, you would have earned $3 million at $100k per day. Not too shabby. But what about a penny that doubles every day for 30 days? A cool $10.7 million! So how is this possible? Well, it's all possible with Albert Einstein's "8th Wonder of the World" — uninte...

There are plenty of myths about Infinite Banking, and any of them could derail you from doing something great for you and your family. That's why I like to bust these myths.  And today I'm busting two more. In this episode, I'll tackle the mistaken idea that IBC is just too complicated, and the faulty claim that IBC is a scam. You'll see the reality that IBC is a "too good to be true" thing that's...

It's easy to think only the wealthy can afford to use IBC. But is it true? In this episode, I'll show you why the Infinite Banking Concept isn't off-limits to anybody, even if you can't start with as much as a millionaire. I'll also explain why starting with a little today is better than starting with a lot next year. Listen now! Show highlights include: Real reason mega corporations (like Walmart...

It's not unusual for people to be serious about Infinite Banking, but hesitant about the process to get started. Is it complicated? Scary? Hard? Am I really ready?! If you've ever had any of those questions, this episode is for you! I'll give you an overview of how the process unfolds from our very first meeting all the way through having your policy in force and annual reviews.  You'll be able to...

You've done your homework and you're enthusiastic about the Infinite Banking Concept. But you're concerned your advisor might not feel the same way. Truth is, you might be right! And in this episode I'll share different reasons more advisors aren't on board with IBC. I'll also explain what you can do to make sure you can still take action on Infinite Banking, even if your advisor isn't sold on the...

You've heard of Dave Ramsey. So you probably know one thing he loves almost as much as cutting up credit cards is putting down whole life insurance. Since he's helped so many people learn how to budget, and how to get out of consumer debt, it can be easy to think he really knows everything he talks about.  But when it comes to whole life insurance, that's simply not the case. In today's episode I'...

There are popular trends in the industry that concern me. Because they result in policies that look good on paper, but don't deliver like the client expects, and can even produce a policy that becomes a dreaded Modified Endowment Contract (MEC). So when I got the opportunity to talk to a senior insurance actuary about these trends, I took advantage of it! I asked my questions so I could know from...

You can reach a point when you're no longer required to keep funding your Whole Life policy. And so it's easy to think you should stop as soon as that moment comes and put your money toward something else.  But is that the best decision? In this episode I'll explain why even though everybody's situation is unique, in most cases you shouldn't plan to stop funding your policy any time soon. I'll als...

Whole Life Insurance is a key part of IBC, but it takes some money to get it going. Especially when you fund Paid Up Additions that boost what your policy can do for you. And if your budget is tight, you might think you can't possibly find those funds. In this episode I'll share nearly a dozen places to look. And unlike some who gloss over risk and fine details, I'll tell you what to watch for so...