58: Multiple Whole Life Policies for IBC

Strategic Whole Life by Infinite Banking Authorized Practitioners

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1+ y ago 23:58

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Description:

A very common question we get is how multiple whole life insurance policies come into play for Infinite Banking.

In chapter 6 of Becoming Your Own Banker, Nelson Nash states "...I am not describing one life insurance policy. This is to be a system of policies."

In chapter 12 he states "We need a system of many policies to do the job [of accomplishing our banking needs]."

So, what's this all about? How do we go about buying multiple whole life insurance policies and how is this even possible?

Tune in to this important episode where we discuss the ins and outs of owning multiple whole life insurance policies for Infinite Banking.

Episode Outline:

(0:00) - Episode introduction

(1:57) - The idea of having multiple policies

(4:20) - One consequence to putting too much premium into a whole life policy

(7:13) - The business owner mindset for IBC, “expanding your system”

(11:19) - Buying a convertible term policy

(15:40) - Short term vs. long term planning for IBC

(18:41) - Having a better handle on your expenses, income and where it’s all going

(21:41) - To sum it all up: Capital needs a home

(23:06) - Episode wrap-up

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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