Visit our website:<a href="https://www.thewealthwarehousepodcast.com/" rel="noopener noreferrer" target="_blank">https://www.thewealthwarehousepodcast.com/</a>Dave and Paul tackle a common stall-out point: starting IBC with one whole life policy and never building the system Nelson Nash intended. They cover when to add policies (spouse/kids/your increased income), how to plan expansions using convertible term, what to do with windfalls, and why loans and investments should originate from and return to your policy ecosystem.Becoming Your Own Banker by Nelson Nash:<a href="https://infinitebanking.org/product/becoming-your-own-banker/ref/46/" rel="noopener noreferrer" target="_blank">https://infinitebanking.org/product/becoming-your-own-banker/ref/46/</a>Episode Highlights:0:00 - Episode beginning3:31 -&nbsp; IBC = a system, not one policy4:26 - Life changes → expand (income/spouse/kids)6:52 - Case study: don’t cancel; CV > premium9:00 - Keep mature policies; avoid 1035 “churn”11:30 - Remember your why: capitalize & control12:31 - 20 years + a system; “accommodate all income”13:36 - How to expand (small adds, spouse/kids)15:03 - Kids’ policies & compounding16:25 - Future-proof with convertible term & HLV19:12 -&nbsp; Windfalls → premium/loans/new premium20:55 - Policies as your emergency fund (liquidity)22:14 - Beneficiaries beat probate — update yearly25:03 -&nbsp; Investments start & return to your system28:22 -&nbsp; IBC is ongoing; control your capital29:55 -&nbsp; Episode wrap-upABOUT YOUR HOSTS:David Befort and Paul Fugere are the hosts of the Wealth Warehouse Podcast. David is the Founder/CEO of Max Performance Financial. He founded the company with the mission of educating people on the truths about money.David's mission is to show you how you can control your own money, earn guarantees, grow it tax-free, and maintain penalty-free access to it to leverage for opportunities that will provide passive income for the rest of your life.Paul, on the other hand, is an Active Duty U.S. Army officer who graduated from Norwich University in 2002 with a B.A. in History and again in 2012 with a M.A. in Diplomacy and International Terrorism. Paul met his wife Tammy at Norwich.As a family, they enjoy boating, traveling, sports, hunting, automobiles, and are self-proclaimed food people.Visit our website:<a href="https://www.thewealthwarehousepodcast.com/" rel="noopener noreferrer" target="_blank">https://www.thewealthwarehousepodcast.com/</a>Catch up with David and Paul, visit the links below!Website:<a href="https://infinitebanking.org/agents/Fugere494" rel="noopener noreferrer" target="_blank"> https://infinitebanking.org/agents/Fugere494</a><a href="https://infinitebanking.org/agents/Befort399" rel="noopener noreferrer" target="_blank"> https://infinitebanking.org/agents/Befort399</a>LinkedIn:<a href="https://www.linkedin.com/in/david-a-befort-jr-09663972/" rel="noopener noreferrer" target="_blank"> https://www.linkedin.com/in/david-a-befort-jr-09663972/</a><a href="https://www.linkedin.com/in/paul-fugere-762021b0/" rel="noopener noreferrer" target="_blank"> https://www.linkedin.com/in/paul-fugere-762021b0/</a>Email:davidandpaul@theibcguys.com

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Episode 192: Infinite Banking: Why Would I Need More Than One Policy?

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