Round Table | Reasons Not To Implement IBC Debunked

The Infinite Banking System is life-changing. However, many people are unaware of its potential to help achieve financial freedom. In fact, a lot of so-called financial advisors would not encourage you to do it. There are a number of different beliefs that people have about life insurance policies and IBC, which prevents them from implementing this financial system. So how do we know the truth between what we know, what others say, and what we hear from the financial industry?

Tune in to this conversation with Russ, Joey, and the Financial Freedom Coaches (with new Coaches on board today) as they talk about three key areas:

What I think about IBC
Things that others have told me that I believe
The lies that the financial industry has been perpetuating

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YT Questions:
06:06 - Why is it important for us to cover this topic today?
10:06 - Don't you hate it when you don't do something for the wrong reasons?
17:03 - What's one thing that people have told themselves as a reason they shouldn't be doing this?
17:37 - Myth: I'm too old for that - Why is this not true?
19:09 - Myth: I don't need life insurance; I have a lot of cash stored somewhere - Why would you say this is a myth? What is the reality?
20:50 - Myth: My health is not the greatest; I don't think the insurance company would even insure me - What do you say to that?
22:16 - Myth: I don't know anybody that's doing IBC; maybe it's a scam - How do you debunk this?
24:12 - Myth: Only the people talking about it are the ones who get paid - How do you challenge this belief?
25:30 - How much more can we get paid if we sell whole life insurance the way life insurance industries sell life insurance?
26:13 - Myth: Why would you do that? What happens if you can't pay your policy for one year? Are you sure you're going to be insured; it's not a great investment - How do you clear this cloud of doubt?
27:08 - What's something that people are hearing and believing that they should not believe?
34:55 - What's one financial lie you've heard that you'd like to break down?
36:23 - Myth: It's too expensive - What would you say to this? Why is this not true?
38:32 - What is the likelihood of a 40-year-old dying within the first 10 years of their 10-year policy? How about within the first 20 years of a 20-year policy?
39:21 - What's the percentage of someone dying who buys a life insurance policy between the ages of 40 and 121?
40:13 - What's one potential fact that we may have left out?
41:37 - What's one of those potential lies that people buy into?
44:30 - What percentage of term insurance policies never make it to completion?
45:05 - Which policy lapses faster: The one with the highest or the lowest benefits?
45:49 - What is the lapse rate of policies purchased for the purpose of IBC?

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www.wealthwithoutwallstreet.com/podcast/round-table-reasons-not-to-implement-ibc-debunked

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