Infinite Banking Concept (IBC) – HQ Support

How do I become an SME for IBC?

To become an SME for the IBC please go to Quility U and find the certification course labeled IBC. If you have not written this concept it is recommended to attend 5-10 ride-a-longs or resets to earn as you learn. https://b2b-hq.quility.com/page/quility-u-lms

What is an IBC?

The Infinite Banking Concept is a financial strategy that utilizes participating whole life insurance policies as a tool to create a personal banking system for individuals and businesses. It focuses on building financial independence and flexibility by leveraging the cash value component inside a properly designed whole life insurance policy while borrowing against it to fund major expenditures, emergencies, and outside investment opportunities. This concept was made popular by R. Nelson Nash. https://b2b-hq.quility.com/page/advanced-markets/#infinite_banking

What product do I use for IBC?

Why can't I use an IUL for IBC?

IULs are guaranteed not to lose money but are not guaranteed to gain interest. Plus, the IUL has very high surrender fees at the beginning of the policy.

Who is the IBS client avatar?

Under 65ish and has debt. Someone without debt, under 65 and wants flexibility, liquidity, and control over their money.

How/What do I get paid?

A rule of thumb is to calculate the APV of the base and term rider. Call the carrier for your specific percentages. Residuals and trail commissions are based on a percentage of the PUAs.

How do I report premium in OPT?

How I learn more about IBC?

Attend the DFL 101 call on Fridays at 3pm eastern. Read Nelson Nash's Become your Own Bankner.

How do I illustrate IBC?

There is a step-by-step video inside of HQ under Carriers and Products>Product Concepts>Infinite Banking Concept

Where do I find more IBC information?

Where can I get IBC leads?