Episode 162: Infinite Banking: The Advantages of Getting Policies on Your Kids

IBC is in the best position to thrive when it’s started early.

In this week’s episode, Dave and Paul discuss juvenile policies – how to properly set them up and what you should watch out for – or avoid.

More importantly, is the “why” for juvenile policies. What are the specific benefits that you and the next generation can gain?

You’ll also get to hear about how this can be a surefire way to ensure your children (and their children) will be millionaires – and how to properly handle that great responsibility. 

Episode Highlights:

0:00 - Catching up

1:54 - Juvenile policies (opener)

2:21 - Why?

5:00 - Underwriting problems are minimized

7:53 - Typical premium for juvenile policies

8:51 - The tax-free build-up over time

13:18 - The generation paying the premiums..

15:03 - When death benefit occurs..

17:03 - Procludes any need for social security

19:25 - Estate planning is greatly simplified

23:21 - “Wealth mentality”

26:04 - Promotes the understanding of stewardship

32:24 - OPAI

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.

Visit our website: 

https://www.thewealthwarehousepodcast.com/

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:

davidandpaul@theibcguys.com