Strategic Whole Life by Infinite Banking Authorized Practitioners

70: When to Get Started with Infinite Banking


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You may ask yourself, "Am I ready to become my own banker?"

To help answer this question, we'll use the old adage: "The best time to plant a tree was 30 years ago. The second-best time is today."

With the Infinite Banking Concept®, we are taking control of the banking function. It's that simple. And if it's that simple, would you want to put it off for a while, or would you want to implement it as quickly as possible?

This is the conversation in today's episode. We'll talk about three factors that affect the timing of when you might start a whole life insurance policy:

  1. Underwriting and qualification
  2. Your financial situation
  3. Doing your due diligence

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Episode Highlights:

0:00 Intro

3:43 Shouldn't you at least find out what you can get?

4:47 What if you smoke? Should you put it off till you quit?

7:08 What if you're pregnant?

7:41 Reclassifying minors when they turn 18

10:18 Looking at your financial situation

15:24 A discussion on minimum premium

20:07 Education and Mindset

24:35 The proof is in the pudding

Wrap Up

...more
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Strategic Whole Life by Infinite Banking Authorized PractitionersBy John Montoya, John D. Perrings

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