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Infinite Banking Concept: What It Is and Isn’t
Read more »: Infinite Banking Concept: What It Is and Isn’tEverybody is talking about IBC. On YouTube and Facebook it gets called a magic investment, a get rich quick trick, or a scheme to pay off your mortgage overnight. What is the infinite banking concept, really? At Ascendant, two of our advisors help people see the difference between the infinite banking concept and what the…
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Repaying a Policy Loan on Your Own Terms
Read more »: Repaying a Policy Loan on Your Own TermsThe Short Answer Not on a schedule the insurance company sets. The insurer won’t hand you a repayment schedule, but interest builds on the balance every day. Whatever you haven’t repaid comes off the death benefit, or off the policy’s value if you surrender it. An unpaid loan also shrinks what you can borrow next,…
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Can Infinite Banking Make You Wealthy?
Read more »: Can Infinite Banking Make You Wealthy?It is one of the most searched questions for anyone discovering the Infinite Banking Concept forthe first time. And Jayson Lowe, who has been practicing IBC since 2008 with 77 policies and$1.5 million a year in premium and who was mentored by the late pioneer himself, R. NelsonNash gives a direct answer: Can Infinite Banking…
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What Paying Cash for Four Big Purchases Really Cost Me
Read more »: What Paying Cash for Four Big Purchases Really Cost MeMost people can tell you what they spent their money on. Fewer can tell you what that money stopped doing the moment it left their control. What does paying cash really cost you? Paying cash feels cheap. There is no monthly payment and no visible interest. The hidden cost is the growth you give up…
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Is Infinite Banking a Scam?
Read more »: Is Infinite Banking a Scam?It is one of the most searched questions about the Infinite Banking Concept in both Canada andthe United States. And if you have asked it, you are not wrong to ask. Here is what Jayson Lowe, who has been implementing the Infinite Banking Concept since2008, says directly: “No, it’s not a scam. But I understand…
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How the Lowe Family Runs a Family Bank That Lasts
Read more »: How the Lowe Family Runs a Family Bank That LastsIn this article, I take you behind the curtain of how my family uses the infinite banking concept, from our 77 whole life policies to the family constitution that guides us. I share the lessons I learned from my mentor, R. Nelson Nash, and how you can build a system that outlives you and passes…
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How to Structure Multiple Whole Life Insurance Policies Into a Single Family Banking System (FBS)™
Read more »: How to Structure Multiple Whole Life Insurance Policies Into a Single Family Banking System (FBS)™When you have multiple whole life insurance policies, you do not manage them individually. You manage them as one consolidated system. The policy that receives a repayment does not matter. The schedule does. The pool is the unit, not the contract. When our system grew to six or seven policies, my wife came to me…
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Should You Gift a Whole Life Insurance Policy to Your Child?
Read more »: Should You Gift a Whole Life Insurance Policy to Your Child?No. And I say that with deep respect for the intention behind the question. You built that juvenile whole life insurance policy for your child. You paid the premiums. You watched the cash value grow. The instinct to hand it over feels generous and right. But gifting a whole life insurance policy to your child…
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What Happens to a Whole Life Insurance Policy at Age 100?
Read more »: What Happens to a Whole Life Insurance Policy at Age 100?A whole life insurance policy does not expire at age 100. It fulfils its contractual guarantee — cash value must equal the total death benefit by the endowment age, which is age 100 in Canada and age 121 in the United States. At that point, the policy owner has options that vary by carrier. Taking…
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How Policy Loans Work Inside a Family Banking System (FBS)™
Read more »: How Policy Loans Work Inside a Family Banking System (FBS)™The single largest source of confusion in Infinite Banking is the belief that cash value is money. It is not. Cash value is the net present value of a future death benefit payment. It is equity in the contract that you can borrow against on demand, on your terms. Once you have that, the rest…
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The 10 Laws That Govern Generational Wealth Transfer
Read more »: The 10 Laws That Govern Generational Wealth TransferGenerational wealth transfer is governed by ten laws that operate whether you know them or not. Honour them and your wealth compounds across generations. Violate any one of them and the 70% statistic — 70% of wealthy families lose everything by the second generation — becomes personal. These are not tips. They are not strategies.…
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The Non-Negotiable Rules That Govern a Family Banking System (FBS)™
Read more »: The Non-Negotiable Rules That Govern a Family Banking System (FBS)™Run It Like a Business, Not a Daycare
