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

The Infinite Banking Concept Is A System

4 Mar 2024 · 1 min

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Speakers discuss the Infinite Banking Concept as a system (attributed to Nelson), emphasizing that it should be implemented as a process across policies rather than achieved with a single policy. They also debate premium-structure flexibility, noting that a higher proportion of PUA (paid-up additions) in an annual premium does not automatically make a contract more flexible. The exchange highlights the distinction between what a buyer purchases and what an implementer sets up.

Chapters

We lose the understanding that Nelson taught us that it's meant to be a system. It's not meant to be achieved through the device of one policy. And so I don't think that 9010 is anything other than it just is. It has its own characteristics. It's just important to understand that every prospective policy owner who's going to implement a process that they truly understand there's a difference between what you're buying versus what you're implementing. Understand the distinction.
I want to touch on one important thing you mentioned about the 1090 and I think it has to do with I can just pay the minim. I mean it's so flexible, right? And I have heard that comment that well, if the pua, if the proportion of the total annual premium amount laid to the company in a given year, if a larger proportion of that consists in PUA premium, well then that necessarily means that the overall contract is more flexible and that is not true.