BankNotes – May 2023

I published this article in November 2010—right at the time that Bankruptcies were at an all-time peek for Americans as well as Canadians. However, even today in 2023, the filing process, except for a few things, remains the same. But knowing the differences according to the Bankruptcy code in America and also Canada, is important to understand, especially if you are interested in getting into a lucrative business.

BankNotes – April 2023

In a world such as ours laden with such grim social, political and economic problems, the formula we share for solving them is unmistakably distinctive. I get a sense of this characteristic every time I tell an audience our story and message. It let’s me know that I have been given a rare privilege to be able to share such optimistic news in an otherwise somber situation along with the foreknowledge of the good it does for all those who implement our ideas.

BankNotes – March 2023

Picture yourself having just recently returned from one of the most exciting vacations you have ever had. But you are home now and you begin reliving the trip’s experience. Suddenly you are unable to understand your wife’s words when she speaks to you. Furthermore, and worst of all, you are unable to share your own words and thoughts back to her. Now that would be a frightening experience for anyone. You silently ask yourself– “has something gone wrong”? Am I ok? Am I sick? Actually, yes, there is something wrong. This is what is known as “aphasia,” a language disorder that’s caused by damage to the brain and caused by a serious stroke.

BankNotes – February 2023

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.

BankNotes – January 2023

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 tell us with confidence that an individual does much better to “buy term and invest the difference.” In the present article I’ll point out some of the flaws with this standard objection to whole life (and by implication, IBC).

BankNotes – December 2022

Whenever a newcomer is introduced to the wonders of dividend-paying whole life insurance, he soon encounters the dangers of overfunding and hence “MEC”-ing a policy. In this article I’ll give a quick primer on what this status means, where it came from, and the ramifications it has for policyholders.

BankNotes – November 2022

Until 1976, no one in the life insurance industry had ever done an empirical analysis of the policy loan option in an insurance contract. With the life insurance industry being centuries old, the fact that this type of research had never been done before is quite surprising. However, in 1976, two industry insiders, Wilfred A. Kraegel and James F. Reiskytl, dug deep into transactions of the Actuarial Society of America; the records of the American Institute of Actuaries; the general proceedings of the American Life Convention; and other journals, conferences, and court renderings of the 1800s and early 1900s to uncover a host of revealing historical facts about this unique policy feature that brought serious scrutiny to their findings by other members of the actuary societies of that day.

BankNotes – October 2022

There are many reasons for believing that a dividend-paying whole life insurance policy from a mutual insurance company is one of the last remaining bastions of safety and growth for our savings here in the United States. This unequivocal standard of financial supremacy is highlighted when considering the state of our economy, the constant encroachments of government into our private lives, and the Federal Reserve’s loose monetary policy. Those of us who are privileged to own one or more of these policies are well aware of their multi-dimensional tax-free benefits, the reasonable measure of guarantees which they offer, and the unencumbered access to our money when it is needed. If death should occur in the midst of our efforts to save our money inside of these policies, the entire savings plan immediately self completes and our beneficiaries are endowed with an estate that would otherwise take a lifetime to build.

BankNotes – September 2022

There is an attitude out there — the dominant, majority attitude, in fact — that says that purchasing a dividend-paying whole life insurance policy with a substantial amount of premium payable to the PUA rider in the first policy year counts as “doing” or “adopting” or “implementing” IBC.
This is wrong.

BankNotes – August 2022

In Part 1 of this article, I wrote about an in-depth research and discovery I made regarding one of the most familiar, yet at the same time, one of the most mysterious psychological processes utilized today. I am referring specifically to the notion and the power of positive thinking.