The Fifth Edition by Infinite Banking Authorized Practitioners
John Montoya, John D. Perrings
The Infinite Banking Concept® (IBC) is privatized banking, using the cash value of a whole life insurance policy as the platform. Your hosts, John Montoya and John Perrings, are authorized IBC practitioners with the Nelson Nash Institute, dedicated to educating consumers about Infinite Banking. Listening to this podcast, you'll learn about life insurance, cash value, dividends, policy loans, policy design, and more. Most importantly, you'll learn how IBC puts you back in control of your money so you can keep it, grow it, and pass it on without taking any of the unnecessary risks that you otherwise get when you listen and follow the mainstream advice about personal finance. The podcast title, "The Fifth Edition," is a tribute to the final print edition of Nelson Nash's book, "Becoming Your Own Banker," before his passing in 2019. The Fifth Edition podcast is our way to carry on Nelson's mission by explaining The Infinite Banking Concept® in simple terms so that you can make it real in your life!
Categories: Education
Listen to the last episode:
Main Episode Description
In this insightful episode, John Montoya discusses one of the more nuanced elements of Whole Life Insurance: policy loan interest.
Often overlooked, understanding this component is crucial for those practicing the Infinite Banking Concept ™.
We start with a simple truth: There is no such thing as a free lunch!
John unravels how policy loan interest is calculated and sheds light on the importance of being an 'honest banker'. Questions arise: Should you always lean on policy loans? If so, how should they be paid back? And what about paying "extra" interest?
This episode is not just about understanding the charges but also about mastering the art of cash flow and ensuring all parties—policyholders and insurers alike—remain profitable. Whether you're a seasoned Infinite Banker or new to the world of Whole Life Insurance, this is an essential guide to ensuring your policy works optimally for you.
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LINKS:
Get in touch: SCHEDULE A CONSULTATION
Online Course: IBC MASTERY
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About Your Hosts:
Hosts John Perrings and John Montoya are dedicated to spreading the word about Infinite Banking so you can discover for yourself how you and your loved ones can benefit with a virtual streamlined process that will take you from IBC novice to sharing the strategy with friends and family... even the skeptics!
John Montoya is the founder of JLM Wealth Strategies, began his career in financial services in 1998, and is both an Authorized IBC® and Bank on Yourself® professional licensed nationwide.
John Perrings started StackedLife Financial Strategies after a 20-year career in the startup world of Silicon Valley, where he specialized in data center real estate, finance, and construction. John is an Authorized Infinite Banking® professional and works nationwide.
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Connect with us
Get in touch if you'd like to see how to apply these principles to your specific situation. Schedule a free, no-obligation 30 minute consultation with us today!
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ONLINE COURSE:
Stop wasting hours on YouTube, trying to piece together the information you want regarding The Infinite Banking Concept®.
Check out our soup-to-nuts online course. Get everything you need to know about IBC and whole life insurance:
Previous episodes
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74 - 74: Navigating Policy Loan Interest: The Honest Infinite Banker's GuideFri, 22 Sep 2023 - 0h
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73 - 73: Financial Evolution with Trent Fortner: From Capital Needs to Infinite BankingFri, 15 Sep 2023 - 0h
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72 - 72: Inside Infinite Banking: David Stearns Distinguishes the Authentic from the SuperficialFri, 08 Sep 2023 - 0h
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71 - 71: Finding Your "Why." 9 Reasons You Should Practice IBCFri, 01 Sep 2023 - 0h
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70 - 70: When to Get Started with Infinite BankingFri, 25 Aug 2023 - 0h
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69 - 69: How NOT to Buy Life InsuranceThu, 10 Aug 2023 - 0h
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68 - 68: How Much Life Insurance Can You Have?Tue, 06 Jun 2023 - 0h
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67 - 67: 1035 Exchanges and Infinite BankingSat, 06 May 2023 - 0h
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66 - 66: IBC Principles for Whole Life Insurance PUA RidersMon, 10 Apr 2023 - 0h
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65 - 65: What Problems Does Infinite Banking Solve?Mon, 27 Mar 2023 - 0h
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64 - 64: What is an "IBC Style" Whole Life Insurance Policy?Sun, 19 Mar 2023 - 0h
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63 - 63: Recent Policy Loan Rate IncreasesFri, 10 Mar 2023 - 0h
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62 - 62: Life Insurance is Not an Investment. Here's Why That's Important.Sat, 04 Mar 2023 - 0h
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61 - 61: Capital, Banking, and The IBC Grocery Store AnalogyFri, 24 Feb 2023 - 0h
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60 - 60: Showdown: Short Pay vs. Long Pay Whole Life PoliciesFri, 17 Feb 2023 - 0h
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59 - 59: The Life Insurance Application ProcessWed, 01 Feb 2023 - 0h
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58 - 58: Multiple Whole Life Policies for IBCFri, 06 Jan 2023 - 0h
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57 - 57: The Incredible Tax Efficiency of IBCTue, 20 Dec 2022 - 0h
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56 - 56: The Catch Up Provision of a Whole Life Insurance PolicySat, 12 Nov 2022 - 0h
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55 - 55: IBC, HSAs, Health, and the Freedom to HealWed, 26 Oct 2022 - 0h
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54 - 54: Do the Financial Rules Still Apply?Tue, 20 Sep 2022 - 0h
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53 - 53: IBC and the Financial Art of WarFri, 19 Aug 2022 - 0h
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52 - 52: An IBC Retirement StrategySun, 31 Jul 2022 - 0h
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51 - 51: How To Avoid IBC AmnesiaWed, 22 Jun 2022 - 0h
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50 - 50: IBC and Breaking BadFri, 03 Jun 2022 - 0h
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49 - 49: The Moral Case For IBCTue, 17 May 2022 - 0h
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48 - 48: IBC: How Much Premium Should You Pay?Sat, 23 Apr 2022 - 0h
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47 - 47: Infinite Banking for Your ChildrenSat, 02 Apr 2022 - 0h
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46 - 46: Large Lump Sums of Cash with Infinite Banking®Sat, 05 Mar 2022 - 0h
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45 - 45: Thinking About Taxes With IBCTue, 22 Feb 2022 - 0h
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44 - 44: Buying Real Estate With IBCSun, 23 Jan 2022 - 0h
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43 - 43: IBC And The Fear Of InflationSat, 01 Jan 2022 - 0h
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42 - 42: Paying Extra InterestSun, 05 Dec 2021 - 0h
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41 - 41: What Is Different With the 7702 Changes to Life InsuranceSat, 20 Nov 2021 - 0h
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40 - 40: Policy Design: Rate of Return vs. IBC Based PrinciplesSun, 07 Nov 2021 - 0h
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39 - 39: Shopping For The MoneySun, 24 Oct 2021 - 0h
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38 - 38: Guaranteed and Non-Guaranteed Cash ValuesSun, 10 Oct 2021 - 0h
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37 - 37: Why Universal Life is NOT Right For IBC®Mon, 20 Sep 2021 - 0h
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36 - 36: Infinite Banking as a Financial BridgeMon, 30 Aug 2021 - 0h
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35 - 35: Why Banks Practice IBCSun, 25 Jul 2021 - 0h
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34 - 34: The "More" AssetThu, 15 Jul 2021 - 0h
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33 - 33: The Why and How of IBC Convertible TermTue, 22 Jun 2021 - 0h
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32 - 32: Liquidity and DiversificationSat, 15 May 2021 - 0h
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31 - 31: Direct vs Non-Direct Recognition DividendsThu, 29 Apr 2021 - 0h
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30 - 30: Getting Started With IBC In Your 50sSat, 10 Apr 2021 - 0h
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29 - 29: Why You Need To Get Started With IBC In Your 40's, Part IIFri, 26 Mar 2021 - 0h
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28 - 28: How Current Events Affect IBCTue, 09 Mar 2021 - 0h
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27 - 27: Why You Need To Get Started With IBC In Your 40'sSat, 20 Feb 2021 - 0h
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26 - 26: Getting Started With IBC In Your 30sTue, 02 Feb 2021 - 0h
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25 - 25: Getting Started With IBC In Your 20'sSun, 17 Jan 2021 - 0h
