E131: New IRS Rules Impacting IBC and How to Best Navigate Them

This episode discusses the new changes to the IRS rules on designing life insurance policies and how those changes impact the infinite banking concept.

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Topics Discussed:

• Basics of IRS code as it relates to whole life insurance
• The goal of IBC
• Using is life insurance policies with mutual paying companies
• A brief history of life insurance
• The impact of Section 7702 of the Internal Revenue Code
• Understanding the modified endowment contract (i.e., MEC)
• What happened with a base guaranteed interest rate of 4%
• Cash values vs. death benefits
• The "big change is coming," marketing tactic tickling some ears
• Increasing the flexibility and consumer-friendly nature

Episode Resources:

* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/

* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/

* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/