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The Problem With an IBC Policy

The Problem With an IBC Policy

“What’s the problem with IBC?”

If you’re like many people who’ve heard about The Money Multiplier Method and IBC (especially for the first time) then you’ve probably had this thought cross your mind a time or two.

We get it. You want to know all the bad things that accompany all the stellar benefits of having and using your banking policy.

Since the “perfect system” does not exist, this concept presents some challenges of it’s own. And we are prepared to discuss them with you, right here, right now. Why? Because, if you know anything about The Money Multiplier, you know we LOVE transparency. Just not when it comes to walls… or clothes.

So here it goes.

  1. Policyowners must commit to a long-term plan.
  2. Applying the recommended guidelines can be challenging… on your own.
  3. Most people don’t know the first thing about designing a plan that fits their specific financial needs.
  4. Your own mind may be your worst enemy.

Now, the good news is that we have solutions to each of these “obstacles.” So stop reading here if you hate having solutions to your problems. 

The problem: Policyowners must commit to a long-term plan. 

The solution: If you have commitment issues when it comes to your money, we get it! But just remember, your money isn’t locked up for years, unable to be even touched without some kind of harsh fees or penalties. This policy is nothing like your 401k, 403(b), annuity, or even a CD. And while in the first few years you don’t get access to 100% of the premium deposits you put into your banking policy, you’ll never have less than 60% of those funds available immediately within 30 days of making your premium deposit. And that’s just for the first year! Every year after, that percentage increases so you’re able to borrow more and more of your premium deposits. (And yes, it won’t be long before you’re able to borrow every single penny you put into your policy and more!)

The problem: Applying the recommended guidelines can be challenging… on your own. 

The solution: Did you hear that last part? There is only a challenge if you’re going in alone. But if you’re with The Money Multiplier, we’ve got your back. We check in with you at least twice a year to update your goals. And we also give you a plan of how best to utilize your policy to reach those goals using your banking policy. So when you get a policy, we don’t expect you to know everything. We have a team that does all the hard stuff for you so you can enjoy your life, which is why you started this policy in the first place, right?

The problem: Most people don’t know the first thing about designing a plan that fits their specific financial needs. 

The solution: We don’t expect you to know a thing about these policies (although we always provide resources for you to learn from. Knowledge is power!). That’s what we are here for. You don’t need to know anything about policy provisions, riders, or other policy options that you might need. We take care of that part, always keeping your best interests at heart. So rest assured, your policy is completely customized to fit your specific financial needs. 

The problem: Your own mind may be your worst enemy.

The solution: These concepts, even though they’ve been around for over 200+ years, are difficult for many to believe in. Not because they don’t work. In fact, there is no other tool out there that works quite as well in reaching your financial goals as the Infinite Banking Concept does. However, so many are taught their whole lives to think the way banks want them to think about their money. But your bank telling you they should control your money is like your (shady) mechanic telling you your car needs repairs it doesn’t actually need. Both are trying to make a profit off of keeping you in the dark about what’s really going on. (Side note: not all mechanics are shady. Some are pretty awesome!) The point? Trust the process that puts you in control of your money, not the one that’s kept you on the financial hamster wheel your whole life.

Our only goal is putting you back in the driver seat. And we’re here to help you overcome whatever obstacles are standing in your way to do so. Because here’s the thing: There’s never going to be a better time than now. We grow older. The bills keep coming. Our health declines (even if slowly). Problems come out of left field and hit you square between the eyes. But you can do this for yourself and your family and work towards the life you want, the life you want for them, and the future you all deserve. Because where there’s a will (and an awesome team of experts who’ve got your back), there’s a way.

As Nelson Nash, the founder of the Infinite Banking Concept, once said, “Someone’s gonna be the banker. And the tragedy is that it should be you, but people don’t realize that.” But now, I hope I’ve helped you to realize that you should be in control. You should be the bank. And we’re here to help.

When you’re ready to get started on creating your financial legacy or if you have more questions, most questions can be answered by watching this video. Start there and then schedule a consult with my team when you’re ready to begin.

The Money Multiplier

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