Who Shouldn't Do IBC.
Jason and Kyle discuss who shouldn’t do IBC. Top discussion points: -You must qualify, not just anyone can get a policy. -If you have any doubts, do not move forward. -An IBC policy alone will not make you wealthy.
Jason and Kyle discuss who shouldn’t do IBC. Top discussion points: -You must qualify, not just anyone can get a policy. -If you have any doubts, do not move forward. -An IBC policy alone will not make you wealthy.
Jason and Kyle finish their series on getting started with IBC with an overview of how things work. Top discussion points: -How loans are taken and repaid. -How you should manage your policy. -Expectations for your agent. -Implementing the process.
Jason and Kyle continue their series on getting started with IBC. This episode focuses on how to choose an agent to work with. Top discussion points: -Find an agent you can trust. -Listen to content from multiple agents. -You can use the IBC Practitioner Finder. -Don't use someone who doesn't know the concept. -Make sure the agent is practicing what they preach.
Jason and Kyle discuss what your first steps should be when you hear about IBC. Top discussion points: -Don't start with illustrations. -Read Becoming Your Own Banker by Nelson Nash. -Watch Nelson's seminar on DVD. -Read Warehouse of Wealth by Nelson Nash. -Have an idea of how much you want to pay. -Start looking for your agent.
Jason and Kyle discuss modified endowment contracts and how they are created. Top discussion points: -Many different policy designs can MEC. -What is a MEC? -MECs are avoidable.
Jason and Kyle discuss long-term vs. short-term thinking regarding policy design. Top discussion points: -Think long range. -Look at the short-term gain vs. the long-term reward of a properly designed policy. -Properly vet your agent.