Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Everyone Wins with IBC

15 Apr 2025 · 1 min

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This is a short transcript excerpt from a YouTube video featuring Richard Canfield and Renee discussing the Infinite Banking Concept (IBC). They emphasize networking among practitioners and explain that policy loan repayments (including interest) flow into the insurer’s PAR account, increasing profitability and supporting end-of-year dividends.

Chapters

What would you say to someone who's maybe already practicing this or they're thinking about getting started and they want to know what resources are available to them if they were to go ahead and proceed?
It's great to have this relationship and networking with people who do what you do the same thing. And at the end of the day, we're all paying policy loans back. We're paying interest back to the life insurance company. And it benefits everyone. Not just me, not just yourself, Renee, not just Richard. But everyone is benefiting because every dollar we pay as a policy loan repayment goes into the PAR account. And that creates profitability for the life insur company. Life insurance company will have more money even to distribute a dividend at the end of the year.