70: When to Get Started with Infinite Banking

Strategic Whole Life by Infinite Banking Authorized Practitioners

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Main Episode Description

You may ask yourself, "Am I ready to become my own banker?"

To help answer this question, we'll use the old adage: "The best time to plant a tree was 30 years ago. The second-best time is today."

With the Infinite Banking Concept®, we are taking control of the banking function. It's that simple. And if it's that simple, would you want to put it off for a while, or would you want to implement it as quickly as possible?

This is the conversation in today's episode. We'll talk about three factors that affect the timing of when you might start a whole life insurance policy:

1. Underwriting and qualification
2. Your financial situation
3. Doing your due diligence

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Episode Highlights:

0:00 Intro

3:43 Shouldn't you at least find out what you can get?

4:47 What if you smoke? Should you put it off till you quit?

7:08 What if you're pregnant?

7:41 Reclassifying minors when they turn 18

10:18 Looking at your financial situation

15:24 A discussion on minimum premium

20:07 Education and Mindset

24:35 The proof is in the pudding

Wrap Up

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GET IN TOUCH

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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!