Episode 93: Infinite Banking: How Much Premium Should I Pay?
Wealth Warehouse · The IBC Guys via Podcast Principles
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Show Notes
It’s a common question for most newcomers: how much premium do I really need to pay?
It’s different for everyone – but there are two key requirements that your premium payment needs to satisfy. The fellas will take you through how you can assess whether your premium is tuned juuuust right.
Approaching your premium with the right mentality is absolutely essential when it comes to establishing your own banking system, so make sure you tune into this week’s show to make sure you aren’t missing out!
Episodes you should check out:
Episode 33: Q&A cash value when to start another policy and 10/90
https://www.youtube.com/watch?v=ZIgHjE4qcGk
Episode 29: Universal life vs. whole life for the purposes of IBC
https://www.youtube.com/watch?v=D7GHRfLcVYQ&t=2s
Episode 18: How does convertible term insurance fit into the IBC strategy
https://www.youtube.com/watch?v=r0KrnFOdc1E
Becoming Your Own Banker by Nelson Nash:
https://infinitebanking.org/product/becoming-your-own-banker/ref/46/
Episode Highlights:
0:00 - Introduction
0:27 - Episode beginning
5:42 - Question from Will C.
10:24 - How much should I be paying in premium?
11:35 - How much can you pay?
16:56 - Your premium should fit two requirements
21:09 - Managing your premium properly
28:33 - Now I have my premium, who do I insure first?
34:13 - Episode wrap-up
ABOUT YOUR HOSTS:
David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money.
David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life.
Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a MA in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich.
As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people.
Catch up with David and Paul, visit the links below!
Website:
https://infinitebanking.org/agents/Fugere494
https://infinitebanking.org/agents/Befort399
LinkedIn:
https://www.linkedin.com/in/david-a-befort-jr-09663972/
https://www.linkedin.com/in/paul-fugere-762021b0/
Email: