Posts Tagged ‘Infinite Banking’
Is Infinite Banking a SCAM? Dave Ramsey Says So.
Have you heard Dave Ramsey’s opinion of Infinite Banking and Whole Life Insurance? He says it’s a scam, a joke, hogwash, horrendous, a pile of manure, old school life insurance done poorly, a jumbled word picture, you can’t cut through the BS, screwing people, and just doesn’t feel right. Today, we’ll separate opinion from fact,…
Read MoreIs Infinite Banking Dead? 7702 Plan and Law Changes
Right now, you have a fantastic opportunity to use whole life insurance as a place to store cash, build capital reserves, get better than bank rates on savings, AND the ability to earn never-ending compound interest, even WHILE you’re using the same money for something else. And you don’t have to qualify to access your…
Read MoreBest Places to Save Money: Secure and Grow Your Savings
Americans are saving more money than ever, yet interest rates are at an all-time low. If you’re looking for the best place to save money, it might be time to stop saving with banks. A recent CNBC article states: “In the midst of the coronavirus crisis, many Americans are spending less and saving more. At the…
Read MoreThe Case for IBC, with Dr. Robert P. Murphy
Considering Infinite Banking, or IBC, but still a little skeptical? In this episode, we’re talking with Dr. Robert P. Murphy, a free-market economist, who has testified before Congress on energy markets and monetary policy and has given many interviews on TV and radio. He is the author of hundreds of articles and several books on…
Read MoreIs Life Insurance Protected from Creditors? Creditor Protection of Life Insurance
Want to shelter your assets from the prying eyes of the IRS, claims of creditors, or the public? Can creditors take life insurance proceeds after death? In many cases, the answer depends on how your policy is structured. Cash surrender value and life insurance proceeds are exempt from creditors in most states. In this episode,…
Read MoreDirect vs. Non-Direct Recognition in Life Insurance: What You Need to Know
Are you considering whole life insurance and want to know which is better: Direct vs. non-direct recognition life insurance companies? What does it mean? Why does it matter? How does it impact your policy’s average rate of return? And should it be a part of your decision-making process? In this episode, we discuss the why,…
Read MoreToo Old For Infinite Banking with Whole Life Insurance?
Do you want to use whole life insurance to store cash, build an emergency/opportunity fund, and create a legacy, but you wish you’d learned about this concept when you were younger? Do you feel like you’re too old for the Infinite Banking Concept (IBC)? Fortunately, it might not be too late for you to get…
Read MoreWhole Life Insurance Dividends: What They Are and How They Work
I heard whole life pays dividends — but what does that really mean? This question comes up constantly when we talk with business owners and high-earning professionals about Privatized Banking. And honestly, I get it. The world of whole life insurance dividends can feel a little murky. Confusing. So we brought in someone who knows…
Read MoreWhen Should You Use a 1035 Exchange with Life Insurance?
Do you have a life insurance policy you’re concerned may not last, lacks guarantees, or may lapse, and you’re wondering how you could trade it in for a better model? The good news is that you have options, and you’re not stuck forever! Enter: the 1035 exchange. But, a strong word of caution: you need…
Read MoreFamily Banking Strategy with Whole Life: An 11-Year Case Study, with John Moriarty
This week, we welcome John Moriarty back to the Money Advantage Podcast. In Part 1, we talked about building a family bank on a conceptual level. Now, we pull in real facts and figures to show you how private family banking looks in action. If you have considered implementing family banking and didn’t know where…
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