E131: New IRS Rules Impacting IBC and How to Best Navigate Them

Dollars and Nonsense

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2+ y ago 25:16

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This episode discusses the new changes to the IRS rules on designing life insurance policies and how those changes impact the infinite banking concept.

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Topics Discussed:

Basics of IRS code as it relates to whole life insurance
The goal of IBC
Using is life insurance policies with mutual paying companies
A brief history of life insurance
The impact of Section 7702 of the Internal Revenue Code
Understanding the modified endowment contract (i.e., MEC)
What happened with a base guaranteed interest rate of 4%
Cash values vs. death benefits
The "big change is coming," marketing tactic tickling some ears
Increasing the flexibility and consumer-friendly nature

Episode Resources:

* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/

* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/

* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

233 episodes

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