Stop wasting hours on YouTube, trying to piece together the information you want regarding The Infinite Banking Concept®. Use the code "PODCAST" to get 50% off of our soup-to-nuts online course to get everything you need to know about IBC and whole life insurance: IBC MASTERY ---- Main Episode Description With funding life insurance for IBC, a little-know fact is that you can only buy so much. Many people are already familiar with MEC (Modified Endowment Contract) limits that limit how much premium you can pay relative to the death benefit. But there is also a limit on how much total death benefit you can buy. The insurance companies will only underwrite you for a maximum amount based on your income and/or net worth. For example, if your lifetime income and/or net worth is $2M, the insurance company will not sell a $20M policy. This creates yet another set of tradeoffs that need to be understood when designing a whole life insurance policy for The Infinite Banking Concept. ---- Episode Highlights: 0:00 Intro 0:43 Human Economic Value 2:50 Your Greatest Asset 6:38 Calculating Your Maximum Potential 7:44 Don't Forget About Your Family 9:34 Policy Components Determining Underwriting 12:08 As Income Rises 13:59 Human Life Value and Total Underwriting 17:10 The Modified Endowment Contract (MEC) 18:52 Understanding the Purpose of Life Insurance 25:26 So How Much Life Insurance Should You Have? 29:04 Effects on Retirement 30:16 Story of a Typical Financial Advisor Wrap Up ---- GET IN TOUCH ---- 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. ---- Connect with us If you'd like to see how to apply these principles to your specific situation, get in touch. Schedule a free, no-obligation 30 minute consultation with us today!