Perspectives on IBC with Chris Tormey - Part 8: IBC for the Business Owner

Perennial Pride

In today’s episode of the series, Tom and Chris talk about cash flow management being a crucial aspect of business and IBC offers an alternative method to traditional banking. A business owner who creates their own private bank has the ability to take advantage of tax benefits, dividends, and greater control of loan terms without any liens on business assets. With the immediate availability to cash, life insurance can play a huge role in land and real estate investment as well. Thinking about becoming a business owner? Take a listen to hear more about the benefits available through an IBC policy.

Highlights 01:39 Business owners' main concerns are taxes and finding ways to establish a savings process that isn't 100% tied into the business' value or productivity 02:46 The biggest asset for most business owners 06:09 The importance of using an IBC policy to cover the cost of business operations and maintain cash flow over time 10:30 How business owners are protecting themselves 13:10 How IBC brings in the long-term thinking that's crucial for business owners 18:27 The importance of business owners being prepared for all eventualities 20:00 Although IBC can't offer free money, it puts business owners in control because the rules can't be changed without their agreement

Episode Resources

• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
• Connect with Chris Tormey
• https://www.monecoadvisors.com/team/chris-tormey
• https://infinitebanking.org/agents/tormey653/

Call to Action Schedule a Call with Tom

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