64: What is an "IBC Style" Whole Life Insurance Policy?

Strategic Whole Life by Infinite Banking Authorized Practitioners

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Main Episode Description

There is a ton of information about Infinite Banking out there and opinions about "correctly-designed" policies probably top the list.

We want to help you cut through the noise and help you understand what an "IBC Style" policy should be.

Like everything having to do with insurance, it's all about trade-offs. There is no secret, magical way to design a policy to give you the "best" cash value without some kind of corresponding tradeoff.

That being said, in this episode, we'll give you some guidelines on what to look out for (and what to avoid!) when looking at a whole life policy designed for IBC.

Link to EPISODE 37 (Why Universal Life is Not Right for IBC), mentioned in this episode.

Episode Highlights

0:00 - Introduction

0:11 - Episode beginning

3:44 - “What is an IBC policy?”

8:28 - The long-term perspective

12:01 - Thinking about your design

15:31 - “Design your policy like it’s your last one”

22:49 - Typical design components that you should look for

27:13 - Where the cash value really comes from

33:40 - Episode wrap-up, a couple of riders to consider

About Your Hosts:

Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!

John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998 and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.

John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.

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