Episode 77: Countering the IBC "Finfluencer" Haters

In this week’s episode, the fellas are responding directly to a vocal IBC critic. Moreover, this critic is a “Finfluencer” with a weak grasp on the actual concept on IBC in the first place.

This person (who shall remain un-named) made a “top-10” list of all the reasons why you shouldn’t do IBC.

From surrender penalties and ongoing contributions to balancing an IBC policy with other asset classes – Dave and Paul address each criticism and set the record straight.

You won’t want to miss this episode – and if you have any IBC critics in your own life, you should definitely tune in!

Episode Highlights:

0:00 - Introduction

0:27 - Episode beginning

4:51 - A quick IBC tip

7:20 - The finfluencer’s “top 10” list

10:38 - Why is it important to do this?

11:28 - First reason to not do IBC (front loading)

16:05 - Second reason (surrender penalties)

17:12 - Third reason (ongoing contributions)

20:47 - Fourth reason (difficult to re-balance with other asset classes)

22:48 - Fifth reason (backed by guarantees)

24:08 - Sixth reason (requires interest to get your money)

26:01 - Seventh reason (guaranteed negative returns for the next decade)

27:30 - Eighth reason (low returns) 

27:35 - Ninth reason (must be held for life)

28:24 - Tenth reason (exclusion due to poor health)

33:01 - Episode wrap-up

ABOUT 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 MA 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.

Catch up with David and Paul, visit the links below!

Website: 

https://infinitebanking.org/agents/Fugere494

https://infinitebanking.org/agents/Befort399

LinkedIn:

https://www.linkedin.com/in/david-a-befort-jr-09663972/

https://www.linkedin.com/in/paul-fugere-762021b0/

Email:

[email protected]