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BankNotes Articles from Current Month

Banks vs. Insurers During the Depression

February 3, 2023

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

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MassMutual May Terminate Agent Contracts, Reject Applications Associated with Infinite Banking

February 3, 2023

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

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Nelson Nash’s Becoming Your Own Banker: Part V, Lesson 8, What if I am Uninsurable?

February 3, 2023

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

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Debunking “Buy Term and Invest the Difference”

January 3, 2023

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

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Nelson Nash’s Becoming Your Own Banker: Part V, Lesson 7, A Different Look at The Monetary Value of A College Degree

January 3, 2023

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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Understanding the Divisible Surplus of Mutual Life Insurance Companies

January 3, 2023

By: L. Carlos Lara Divisible Surplus. What is it? Where does it come from? Why is it so relevant in the structure of a mutual life insurance company? Who determines when and how it is to be divided? Even more importantly, how do the insurer, the government regulator, the agent … Read more

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