The concept of Infinite Banking gained prominence through Nelson Nash, who introduced it in his publication titled “Becoming Your Own Banker.” Nelson Nash, a veteran Life Insurance Agent with decades of experience, authored and published the book. The ideas and … Continue reading
What Is Section 7702? Section 7702 of the U.S. Internal Revenue Service (IRS) Tax Code defines what the federal government considers to be a legitimate life insurance contract and is used to determine how the proceeds the policy generates are taxed. The … Continue reading
What Is a Modified Endowment Contract? A modified endowment contract (MEC) is a tax qualification of a life insurance policy whose funding exceeds federal tax law limits. The taxation structure and IRS policy classification change after a life insurance policy … Continue reading
An advance cash payment of a portion of the insurance before the insured person dies. It allows for financial assistance to the insured individual while he or she is still alive. Not all policies will cover all 4 categories. There … Continue reading
Are you ready for true ALTERNATIVE FINANCING that does not include banks or credit cards? Not everyone is a candidate for Privatized Banking or can qualify for a “Pri-Ban” policy. The ideal candidate will be someone who can say “YES” … Continue reading
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Even though this site is dedicated to Advanced Life Insurance Solutions, it is important that you have a definition reference for terms that you may not be familiar with. Administrative Expense Accelerated Death Benefits (AKS “Living Benefits”) Accrued Interest Agent … Continue reading
Accidental Death Insurance Generally, an add-on to a regular life insurance policy, Accidental Death Insurance is a pretty accurate name. It is only paid if the death of the insured occurs as a result of an accident. Accidental Death and … Continue reading
Privatized Banking, Bank On Yourself or Cash Flow Banking Concept Using Participating Whole Life or Indexed Universal Life Insurance Warning: This is a long post about the use of Participating Whole Life or Specially Designed Indexed Universal Life Insurance commonly referred … Continue reading
The Top 10 Advantages of the Infinite (Privatized) Banking (Pri-Ban”) Concept Infinite (privatized) banking is a concept created by Nelson Nash that focuses on how you can become your own banker using dividend-paying whole life insurance or indexed universal life insurance. … Continue reading
rance-policies/Stick to the top of the The Tax Advantages of “Safe Zone” Life Insurance Policies With “Safe Zone Life” insurance, you gain significant tax advantages. If the policy is utilized correctly, you aren’t taxed on the growth, and you can … Continue reading