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Episode 105: Infinite Banking: How Many Policies Should I Start?
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Now that Wealth Warehouse has moved past 100 episodes, it can become easy to get lost in the complexities of Nelson Nash’s groundbreaking personal banking system.
In this week’s episode, Dave and Paul circle back to one of the core topics in IBC: starting a policy.
What seems like a simple concept can become suddenly more complicated when you add in family members. How do you position yourself and your loved ones so they can get the maximum protection and value?
Tune in to find out!
Becoming Your Own Banker by Nelson Nash:
https://infinitebanking.org/product/becoming-your-own-banker/ref/46/
Episode 33, “Cash Value, When to Start Another Policy and the 10/90 Design”
https://www.youtube.com/watch?v=ZIgHjE4qcGk
Episode 34, “The Notorious "MEC" and How to Avoid It”
https://www.youtube.com/watch?v=HKnorohzlzA
Episode Highlights:
0:00 - Introduction
0:27 - Episode beginning, an update on Paul’s construction loan
3:59 - “Paul, why do you own so many policies?”
8:01 - How many policies should I start with?
12:51 - Why would you need more policies?
18:45 - The right type of policy
20:45 - “The shorter the payment period…”
26:12 - The reliability of the IBC asset
28:10 - Thinking long-term and a little sacrifice
31:44 - Episode wrap-up
ABOUT YOUR HOSTS:
David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money.
David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life.
Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a MA in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich.
As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people.
Catch up with David and Paul, visit the links below!
Website:
https://infinitebanking.org/agents/Fugere494
https://infinitebanking.org/agents/Befort399
LinkedIn:
https://www.linkedin.com/in/david-a-befort-jr-09663972/
https://www.linkedin.com/in/paul-fugere-762021b0/
Email:
davidandpaul@theibcguys.com
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