April 15, 2025

IBC Definitions

37 minutes

Episode 14: IBC Definitions

Welcome back to The IBC Guys Podcast!

In this episode of The IBC Guys, Dave and Mike take a step back to unpack some of the key terms that often confuse folks new to Infinite Banking. If you've ever felt like IBC conversations sound like a foreign language, you're not alone—and this episode is here to help.

They break down:

Paid-Up Additions Rider (PUA): What it is, how it supercharges your policy, and why it’s central to building a banking system.

Modified Endowment Contract (MEC): What happens when you overfund a policy, and why staying below the MEC line matters.

Base Premium: The foundation of your whole life policy and how it differs from the cash-boosting additions.

They also throw in a few laughs, a surprise puppy story, and invite listeners to share their thoughts and questions. Whether you're just starting to explore Infinite Banking or need a refresher, this episode lays the groundwork.

Key takeaway: Infinite Banking is the best way to build legacy wealth, but the vocabulary is often new to people. Mike and Dave break down some key words in an effort to bring common understanding to some common but unique IBC terms.

Resources Mentioned:

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