Jayson Lowe explains that the Infinite Banking Concept fails when policy owners take loans and don't repay them. The risk isn't the insurance company or the policy itself, but whether you have the discipline to manage it like a real banker would.
Have you ever created a sample chart where the policy owner did all the wrong things with his policy to see how someone can mess up their IBC? Well, they're distinct, right? The policy is a product, concept is a process. If you put the best tool for the job in the hands of an incompetent, not only are they not going to turn out any good work with the tool, they're likely going to break the tool. And if that happens to someone, don't you go pointing the dirty end of the stick at anybody. This is about becoming your own banker. And so When you understand how to utilize the tool, the responsibility is yours to utilize the tool properly. But no, I can't recall ever putting together a visual. I mean, in simplicity, the policy owner's behavior is far more critical than the behavior of the insurance company. So you can mess this up by accessing policy loans and not repaying them unless you're in a retirement income scenario. You want the death benefit to extinguish the loan. That is a different track. I'm just referring to controlling how you finance the things that you need. If you're draining the system of the very thing that makes it viable and you're not replenishing it, that would be messing it up. The sharpest example.
