Episode 43: [Part 1] Revisiting Kyle Busch - with Mike! 

Welcome back to The IBC Guys Podcast!  

In this episode of The IBC Guys, Mike and Dave revisit the Kyle Busch situation.  New information has come out reading the creation of the policy, the agent who facilitated the policy, and the actions of the Busch family.  There’s lots to talk about in this situation and Mike and Dave work to hit the highlights in this two parts series.   

Mike and Dave talk through their reactions to the new information as well as the benefits and risks of leveraging IBC through an Index Universal Life (IUL) policy as the Busch family did.  The guys also make educated guesses on how and why things went wrong, providing tangible examples on what to look for when thinning through IUL’s as an option for an IBC policy.  Lastly, the guys discuss why both they and the larger Nelson Nash Institute community choose Whole Life policies instead of IUL’s to facilitate the Infinite Banking Concept.   

Also in this episode, Mike is an LL Cool J fan, the guys talk Jordan shoes, and Dave is excited to have Mike back on the podcast!

Key takeaway: For an IBC policy to perform as intended, two things need to happen: (1) the agent needs to build the policy in a way that is knowledgeable and benefits the client, and (2) the client needs to follow through with the promised funding of the policy.

Resources Mentioned:

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