In this episode, we discuss how dividend-paying whole life insurance policies grow and why they are the only tool in the financial world that allows you to become your own banker.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e132

Topics Discussed:

• Changes the IRS is making to dividend-paying mutual whole life insurance that may will impact you
• Why no other financial product affords you the ability to be your own banker
• Modified Endowment Contracts
• Context from the history of whole life insurance policy regulation
• The folklore of a guaranteed 4% and what it really means
• How to think about the death benefit vs. the living benefit of policies
• Understanding guaranteed cash values
• Comparisons of IBC against other financial products

Episode Resources:

* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/

* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/

* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/

This episode discusses the new changes to the IRS rules on designing life insurance policies and how those changes impact the infinite banking concept.

~ Access our Masterclass FREE to podcast listeners here:

https://livingwealth.com/secretbanking/

~ Get resources and transcripts from this episode by visiting:

https://livingwealth.com/e131

Topics Discussed:

• Basics of IRS code as it relates to whole life insurance
• The goal of IBC
• Using is life insurance policies with mutual paying companies
• A brief history of life insurance
• The impact of Section 7702 of the Internal Revenue Code
• Understanding the modified endowment contract (i.e., MEC)
• What happened with a base guaranteed interest rate of 4%
• Cash values vs. death benefits
• The "big change is coming," marketing tactic tickling some ears
• Increasing the flexibility and consumer-friendly nature

Episode Resources:

* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/

* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/

* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/