Jayson Lowe advises beginners to start by meeting with an authorized Infinite Banking Practitioner who can answer questions without pressure. You need a "beneficial interest" in whoever you insure, meaning you must stand to gain from their death: parents, children, business partners work, but close friends don't qualify.
"I have recently moved to Canada and have also just bought my home. I don't yet have a life insurance policy, but I'm planning to get one soon." Okay. "How do I adopt the Infinite Banking System going forward? What advice can you give a newbie? Also, is the system limited to my family or can I include close friends?" So a lot to cover there.
First of all, congratulations on your move. I hope that you're getting settled in. My advice to a newbie is to not do anything until you have clarity. And the best way to get to clarity is to meet with an authorized Infinite Banking Practitioner, which all of my teammates are absolutely exceptional at what they do. You will not be pressured or asked to buy anything because we make the buying decision. So when we connect and we will absolutely honor your questions, any insights that you develop, we'll make sure that we do all that we can to get you to clarity. That would be my best advice. And the system in terms of lives that are insurable, so you have to have a beneficial interest in a life that being insured. So here are some examples of beneficial interest. Typically does not include close friends. It's primarily parent, child, grandchild, business partner, key people in your company, a joint venture partner if you're investing in real estate or maybe investing in businesses together. There has to be some beneficial interest in insuring that life. And so that's why when you speak to the right person on my team, and if and when you get to that point, a conversation will be shared around whose lives should be insured and how How should that premium be allocated and so on? It's a remarkable process. And so I would encourage you just to have that conversation and don't bring any money to it. Nobody's going to ask you for any.
