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.

(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

An often overlooked benefit of The Infinite Banking Concept® is the tax efficiency created by becoming your own banker.

In this episode, we discuss three ways IBC can improve your tax situation:

1. Using IBC to create the funds with which to pay taxes
2. Creating the system to build business income which allows for more reduction of tax
3. Retirement strategies that create more tax-free income

Tune in and learn all about taxes with Infinite Banking!

With so much economic uncertainty, sometimes it can be difficult to fund the things in your life that are important to you, including your IBC whole life insurance policy. However, there may be a way that you can make up for the lost ground.

The “Catch Up Provision” in the PUA rider of many whole life policies allows you to catch up with missed PUA premium from prior years. This is a critical feature with whole life insurance and, more broadly, Infinite Banking.

There are times when we need to roll with the punches and there will be times when funding an IBC whole life policy to the desired level may not be possible. With the catch up provision, we have options to minimize the lost opportunity cost of hard times.

Tune in to find out to learn more!

● (0:35) - Episode beginning

● (1:01) - How a catch-up provision works, the history of it and where it fits into your IBC policy

● (3:40) - “Taking over the banking function of your IBC policy”, how catch up provisions give you more flexibility

● (5:20) - “Where does the income go?”, catch up provisions give you flexibility and options

● (9:14) - “Should you prioritize maxing out your PUA rider, or repaying a loan?”

● (10:58) - Is there such a thing as a “correctly designed policy”?

● (13:52) - Common question: “Which company has the best PUA catch-up provision?”, how insurance companies update their products

In this very special special and personal episode, we interview co-host John Montoya's wife, Kelly Vail, about her battle with cancer.

As a business owner, Kelly started IBC as a way to be more efficient with her cash flow. Little did she know that, years later, the living benefits of whole life insurance would literally save her life.

When the healthcare system had no answers and gave her only months to live, the access to money created by her whole life and disability insurance gave her the flexibility and space that she needed to take matters into her own hands.

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● (0:17) - Episode start and introduction

● (1:15) - What is a Health Savings Account (HSA)? How people view it and it’s limitations

● (7:35) - The opportunity cost of HSAs, blurring the line between saving/investing

● (9:40) - Why IBC is the best rainy day fund for medical expenses

● (12:30) - Introduction to Kelly Montoya, her story and her battle with breast cancer

● (20:03) - What Kelly realized about her health insurance coverage, using her IBC policy to get the treatment she needed

● (25:45) - The reality of supplementing your income with disability, how Kelly actually utilized her IBC policy

● (34:08) - IBC gave Kelly an alternative path that was literally life-changing, some big news

● (40:25) - The last 7 months, the role that IBC played, episode wrap

When you’re making financial decisions for yourself, you need to be aware of the economic landscape around you. However, this can be difficult to do given how quickly and often things can change.

This week, we tackle a listener question:

“Will the traditional rules of finance hold strong or will the rules change in the next 40 years?”

Tune in to hear John and John break down what the “rules” actually are. They show you what’s behind the curtain and who is really pulling the strings – but they also reveal how these “traditional rules” become so widespread and accepted.

● (0:17) - Listener question, the guys consider “the rules we have right now

● (3:48) - Start of Part 1: What are the traditional rules of finance, what are the assumptions people have

● (6:07) - Investing and saving, how one can harm the other when you’re wealth building or preparing for retirement

● (12:01) - Rules, restrictions, limitations of custodial accounts (401ks, IRAs)

● (17:34) - Issues with “being safe” and keeping your money as liquid as possible, inflation, money supply and where the banks and the government fit in

● (23:41) - Mainstream opinions and where they can take you

● (26:18) - Start of Part 2: The principles of personal finance that DON’T change, “traditional vs. typical”

● (29:14) - The importance of contractual guarantees, how IBC grows and protects your money

● (31:40) - The one type of rate of return nobody talks about - but IBC gives you

Join us in this episode as we discuss how your finances are like training for a battle.

It's common to use sports-based analogies like "offense & defense" when it comes to money but the typical mainstream financial plan often has tactical disadvantages on both ends from inadequate protection to chasing rates of return in risky investments that underperform.

When it comes to our financial future, we should train like we're going to war. This is where the Infinite Banking Concept provides the financial principles for tactical advantages for life long success.

Join us for our first video podcast where we do a full presentation on an IBC Retirement Strategy!

Overview:

You can almost draw a line in the sand separating the time before and after discovering The Infinite Banking Concept®.

As such, your financial lives become divided in two:

1. All of the possible future decisions that can be made through the implementation of IBC.
2. All of the past decisions that were already made prior to discovering IBC.

Decisions made in the past were made with your best thinking at the time. They now, however, may seem suboptimal, learning what we know about IBC.

Whole life insurance is an asset that gives us the unique ability to make our future *and* past decisions work even better than we hoped - at the same time.

Whether you're new to Infinite Banking or perhaps you started years ago, it's crucial you avoid the onset of IBC amnesia. In this episode we discuss how to self-diagnose if you've developed IBC amnesia and the steps to follow so you can take advantage of the capital you're creating in your IBC policies to build your wealth.

We hope you enjoy this episode and if you have questions about getting started with Infinite Banking, please connect with us at www.TheFifthEdition.com.

Welcome to episode 50 where John and I have some fun and go a bit off topic to discuss one of the best TV shows of all time. You'll learn how with just a little bit of sound financial planning our favorite character, Walter White, could have left his family the legacy he actually intended.

Instead he became the infamous Heisenberg that led to so much societal mayhem and an epic fall from grace over 5 seasons of the best character arc ever created. The lesson here: the financial choices you make (or don't make) have consequences. We hope you enjoy the episode!

To connect with us about Infinite Banking or even your favorite TV show, you'll find us at www.TheFifthEdition.com. Thank you for listening!

In previous episodes we've explained the strategy, covered the benefits, and highlighted best practices, but in this episode we are going to challenge you to ask if the financial decisions you make are morally the best you can make for yourself, your family, and society.

Take a listen and hear what we have to say about the moral case for IBC and why you should practice Infinite Banking. After all, truth is the end of all inquiry.

If you have questions about Infinite Banking, be sure to connect with an IBC practitioner. You can connect with the hosts at www.TheFifthEdition.com.