When the Infinite Banking Concept (IBC) was first discovered, many insurance companies were fine with their agents selling policies designed for IBC. Some even went out of their way to recruit such agents. But this favor seems to be souring.
Recently Mass Mutual, one of the largest insurance companies, stated they may terminate agents who practice IBC.
What happened?
Recently there was an agent who was claiming to help people with the Infinite Banking Concept. Instead, he was swindling them.
On today’s episode Tom and John break down this guy’s swindling setup, talk about scenarios which should have been red flags to his clients and what finally happened to the guy. They also share some practical financial tips which can help keep you from being conned.
Sustainable Wealth Seminar Sept 17-18th: https://www.life-benefits.com/sustainable-wealth-seminar/