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The idea of paying yourself first is attributed to Robert Kiyosaki, although the original concept came from the book Richest Man in Babylon. Some people pay themselves first and put their money in a traditional bank account but there is a better place to store your money to get guaranteed growth, dividends, tax-free access, continual compounding, and a growing death benefit.

An Overfunded Indexed Universal Life Insurance Policy allows you to design your policy so that the total premium is up to, but does not exceed, the MEC limit. However, there may be benefits to overfunding life insurance with a higher death benefit so that you have the option of storing more cash in your IUL policy down the road. Our IUL Specialist Jason Herring dives into the numbers to show you two different overfunded indexed universal life insurance illustrations. And remember, at the end of the day, the most important thing when designing an overfunded life insruance policy is to make sure that your needs and goals are being met. 📖 Chapter Timestamps ⏰ 0:00 Intro: Overfunded Indexed Universal Life Insurance 1:00 What does it mean to Overfund an IUL Policy? 2:02 Buyer Beware: Fund the Policy the Right Way 2:38 Overfunded Indexed Universal Life Case Study 3:32 Minimum Non-MEC Death Benefit 4:10 Guideline Maximum Level to Avoid a MEC 5:21 Potential Downside to this Design 5:49 Second Policy Design Option 7:36 "This Policy is Not Optimized" 7:53 The Key is to use a Chassis with Low Costs 8:49 It is really important to consider your goals 10:05 Next Steps 🔎About Jason and Steve ✅Jason Herring * 13+ years Asset Protection, Estate and Wealth Transfer Planning * Indexed Universal Life Insurance Specialist * Series 6, 63 and 65 registrations. * IUL Strategist & Coach ✅Steve Gibbs *24+ years Trust and Estate Planning Attorney *Co-Founder of Insurance and Estates *Infinite Banking Advocate & Coach __________________________________________________________________________________ 💥Connect With I&E! Schedule a Conversation with Jason to Discuss Strategies for Your Family, Your Investments, or Your Business, using Your Own numbers – https://calendly.com/jason-491/30min?month=2023-10 or email 📧 request at: jason@insuranceandestates.com 💥 🔎Books and Resources: https://www.insuranceandestates.com/resources/ 🔎 ----------------------------------------------------------------------------------------------------------- ➽➽➽DISCLAIMER: All content in this video is for educational purposes only and is not to be interpreted as personal financial advice. Always do your own due diligence.

Join Barry and Steve as they take a deep dive into the numbers and compare infinite banking to stock market investing, taking an in depth look at the actual returns versus the average returns touted by many financial gurus. You will be surprised at what you find out. Infinite Banking is a strategy of growing wealth outside of Wall Street by using a dividend paying whole life insurance policy as an uncorrelated asset, not connected to the stock market, to provide a guaranteed safe haven for your overall portfolio, which offers peace of mind and certainty in uncertain times. Certain financial entertainers will tell you that you can earn up to 12% returns in the stock market. However, that number has been shown to be unreachable. More often, financial gurus will promote a high stock market average return of 10% or more, when in reality the actual return is much lower, particularly when you factor in taxes, fees, and volatility (sequence of returns risk) which lower your actual return. A popular mantra among these so called "gurus" is the phrase, "buy term and invest the difference," which all too often is never executed as the person who buys term usually finds something else to spend the extra savings on. Ironically, a properly structured whole life insurance policy designed for infinite banking typically uses a term insurance rider to allow the policy to be overfunded and avoid becoming a MEC. So with a dividend paying whole life insurance policy designed for infinite banking, you get both whole life insurance and a term insurance rider, providing a leveraged death benefit in the early years in the event of your untimely demise. In addition to guaranteed returns plus dividends that can be used to purchase additional cash value and death benefit, your cash value can be borrowed against income tax free. You can use the loan to purchase other income producing assets, such as investing in your business, buying dividend paying stocks, or investing in real estate. The cash flow from these assets can then be used to pay back your loan and refill your "Bank." You can view our video on an infinite banking strategy with real estate investing here. https://youtu.be/pYxaNGAPyIQ At the 25:00 mark we see a 20 year average of the S&P 500, which is not 12%, but rather 5.6%. However, the sequence of returns is an actual return of 4.7%. Contrast this with the 5% net return with cash value whole life insurance, an asset that has creditor protection in most states, offers guarantees, and has a death benefit. And none of this takes into account how much your policy's cash value and net worth will grow when using your whole life insurance to practice an infinite banking strategy, wherein you borrow against your cash value, still making your returns on your policy's total cash value account, and purchasing cash flowing assets with the money you borrowed, earning returns on both assets simultaneously. See our article on using life insurance as your own bank here: https://www.insuranceandestates.com/using-life-insurance-as-your-own-personal-bank/ 📖 Chapter Timestamps Here ⏰ 0:00 Intro 0:46 Goals 1:44 Barry's Financial Advisor Story 3:00 Stock Market vs Infinite Banking 7:20 Infinite Banking Illustration 11:40 Truth Concepts Calculator: Funding Illustration 15:00 Tax-Free Growth Return Factoring 30% Tax Bracket 20:38 Death Benefit Comparison 22:11 Infinite Banking Policy Drawback? 24:34 Sequence of Returns 27:25 Sequence of Returns with Fees and Taxes 28:52 Final Thoughts 🔎About Steve and Barry ✅Steve Gibbs *24+ years Trust and Estate Planning Attorney *Co-Founder of Insurance and Estates *Infinite Banking Advocate and Coach ✅Barry Brooksby *24+ years in Financial Services *Founder of Focus Wealth Group *Infinite Banking Practitioner *17 Year Real Estate Investor __________________________________________________________________________________ 💥Connect With I&E! Schedule a Conversation with Barry to Discuss Strategies for Your Family, Your Investments, or Your Business, using Your Own Numbers- https://go.oncehub.com/insuranceandestates 💥 🔎Books and Resources: https://www.insuranceandestates.com/resources/ 🔎 ----------------------------------------------------------------------------------------------------------- DISCLAIMER: All content in this video is for educational purposes only and is not to be interpreted as personal financial advice. Always do your own due diligence.