BankNotes Archive – Current Month
BankNotes Articles from Current Month
Banks vs. Insurers During the Depression
By Robert P. Murphy When explaining the relative safety and stability of the insurance sector, proponents of Nelson Nash’s “Infinite Banking Concept” (IBC) will often point to the 1930s. They make claims that although thousands of banks failed, no insurance policyholders missed a payment. Is this true? In the present … Read more
Read MoreMassMutual May Terminate Agent Contracts, Reject Applications Associated with Infinite Banking
By Ryan Griggs In January 2023, one of the largest life insurance companies in the world circulated an internal memo blasting Infinite Banking. I respond. Photo by Ben White on Unsplash Super Fun Disclosures First, let’s get the required disclosures out of the way. As a licensed life insurance agent, I don’t represent … Read more
Read MoreNelson Nash’s Becoming Your Own Banker: Part V, Lesson 8, What if I am Uninsurable?
Content: Page 82-84, BECOMING YOUR OWN BANKER – The Infinite Banking Concept. AND others have asked, “What if I am uninsurable? After all, not everyone is blessed with perfect health.” For those people, consider this possibility: Father is 50 years old and is uninsurable — or highly “rated” — on … Read more
Read MoreDebunking “Buy Term and Invest the Difference”
By Robert P. Murphy Hands down, the biggest stumbling block to spreading the “good news” of Nelson Nash’s Infinite Banking Concept (IBC) is that it relies on acquiring whole life insurance policies. As “everybody knows,” only a fool would take out such a policy—just ask Dave Ramsey! The financial gurus … Read more
Read MoreNelson Nash’s Becoming Your Own Banker: Part V, Lesson 7, A Different Look at The Monetary Value of A College Degree
Content: Page 75-81, BECOMING YOUR OWN BANKER – The Infinite Banking Concept. To compare the results of putting money into a college degree with teaching the student the value of “banking” using dividend-paying whole life insurance, there are two examples in the book. Since the one involving medical school is … Read more
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