Episode 107: Infinite Banking: Should I Add a Lump Sum to My Policy in the First Year? Pros and Cons

In this week’s installment of Wealth Warehouse – Dave and Paul explore a little-known strategy that can help IBC users kick-start their own banking system.

The fellas will take you through the “lump sum” strategy, what it is as well as its practical application for IBC. From the pros and cons – to the biggest advantages and how you can utilize this strategy today, you’ll have all the information you need to understand this tactic and see if it can work for you!

Becoming Your Own Banker by Nelson Nash: 

https://infinitebanking.org/product/becoming-your-own-banker/ref/46/

Episode Highlights:

0:00 - Introduction

0:27 - Episode beginning

1:35 - Sharing an email from a client

4:40 - OPAI riders

6:55 - Dave and Paul weigh in on the “lump sum”

8:15 - What is the “lump sum”?

9:37 - Advantages to this strategy

13:34 - Your money has to reside somewhere

16:11 - Dave’s approach to this strategy

19:31 - Some of the “cons”

21:34 - Eating up insurability and promoting poor habits

25:31 - Using up your PUA room

26:49 - Using your capital and the PDF Max

35:33 - Episode wrap-up

ABOUT YOUR HOSTS:

David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money.

David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life.

Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a MA in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich.

As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people.

Catch up with David and Paul, visit the links below!

Website: 

https://infinitebanking.org/agents/Fugere494

https://infinitebanking.org/agents/Befort399

LinkedIn:

https://www.linkedin.com/in/david-a-befort-jr-09663972/

https://www.linkedin.com/in/paul-fugere-762021b0/

Email:

[email protected]