BankNotes – December 2017

In this third and concluding article about an IBC Tax Strategy, a strategy that I personally use, I would like to shift gears and steer our thoughts in the direction of some very important rules that govern life insurance policy loans.

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BankNotes – November 2017

In his classic work Becoming Your Own Banker, Nelson Nash claims that the standard approach to life insurance has things backwards. Consumers have been taught to get their desired death benefit for as little outlay as possible. Yet Nash argues that people’s need for finance while alive is more urgent than their need for a benefit check when dead.

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BankNotes – October 2017

The following article is based on the remarks Carlos Lara made at the February 2017 Infinite Banking Concept (IBC) “Think Tank” in Birmingham, Alabama. Lara’s remarks concerned the vision of The Nelson Nash Institute, its definitive difference, and overarching goals.

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BankNotes – September 2017

In this article I want to start by briefly reviewing some of the key components of the groundwork I initially laid out in Part I and then walk through some actual numerical illustrations that will help expand our understanding of this unique tax idea.

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BankNotes – August 2017

It’s been said that people would rather die than think. But I am going to see if I can incentivize you do just that by showing you a way to fund a large Infinite Banking Concept (IBC)-type life insurance policy while using cashflows that are dedicated to paying your taxes.

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BankNotes – July 2017

There exists today a type of financial professional that is set apart from among the ranks of the three-quarters of a million licensed financial experts in the U.S. and Canada. These individuals may be attorneys, CPAs, CFPs, CLUs or even stockbrokers, but in addition to their given trade, they also practice a unique financial strategy that they teach to their clients.

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BankNotes – June 2017

The financial strength of the life insurance industry is impressive. Compared to commercial banks and investment firms, their solvency record has been nearly faultless even during hard economic times.

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BankNotes – May 2017

In the wake of the 2008 financial crisis following the crash of the stock and real estate markets, Americans witnessed 1,200 of the estimated 7,000 commercial banks in the country stagger financially. As expected the FDIC sprang into action to cover bank depositor’s funds, but what many people have never realized is that the FDIC literally ran out of money!

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Banknotes – April 2017

We all know that long ago the Church condemned usury. As a result, a special monetary device was conceived that allowed religious institutions to borrow great sums of money from the public without committing this sin. That peculiar financial instrument was the annuity.

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