Regret to advise that due to the medical history and recent
accident noted in the medical records… application has been denied.
You’ve heard the saying: “early bird gets the worm.” The last thing you want when planning for
your future is to receive a message like the one above. Unfortunately, I deliver a message like this
every once in a while.
Case in point, I had recently been working with an individual
who I first connected with in 2016. For two
and half years this person was on the fence about the Infinite Banking Concept
(IBC) strategy although this was a referral from one of my most successful
clients, a client who has purchased multiple Infinite Banking policies for
himself and family across different insurance companies for diversification
purposes.
As one of my strongest client advocates for IBC, he has
impacted many in his sphere of influence sharing the many benefits of IBC with
family, friends, and work colleagues. Suffice
to say, referrals from this client don’t need much convincing. They have the testimonial to know Infinite
Banking works.
However, sometimes people simply struggle to grasp IBC. They still believe it is too good to be true.
It happens and no word of endorsement from a trusted colleague or recommendation
from an experienced advisor is enough to spur a final decision in moving
forward.
Never quite ready to pull the trigger we lost touch for
over a year. Then from out of nowhere I
get an email end of summer. This
individual is now finally ready.
We pick up where we left off only making minor revisions to
update the plan. Application is
submitted, exam and medical records ordered.
Then a few weeks later there some issues with medical records.
You see it turns out this individual had a reason for their
sudden motivation. As the message at the
top alludes, something happened. A car
accident earlier in the year was suddenly more serious than noted at the time
of the application. By physical
appearances, the individual seemed in good health when we met in person. In this case though, the eye test failed.
The bottom line, coverage was declined.
Don’t let this happen to you! Car accidents are one thing, but I’ve seen
people wait only to later be diagnosed with life threatening illness. We are not immortal.
If you’re on the fence about getting started, there’s a
simple solution. Lock in your insurability
with a 10 Year Convertible Term Policy.
This is the shortest timeframe available for a Term Policy
that will convert to a custom designed Infinite Banking Whole Life policy. As an additional perk, a few of the IBC
companies I partner with will apply as a credit the previous 12 months of premium
paid upon the conversion of the Term Policy to Whole Life. That’s like getting a move-in special of free
life insurance for a year!
How much time does it take to pull the trigger on getting
started with IBC?
For most people, they get started with my simple and easy “3 Step Process”. In fact, for those with
an exceptionally clean medical and driving records, they get approved in as
quickly as 48-72 hours from the time of application without even needing an
exam. I’ve even had people get approved
with an hour of the application. Simple
and easy!
It’s the 80-20 rule.
Most will start immediately, but some will just choose to watch more
videos and wait for a better understanding of the strategy, or who knows.
My advice: Just don’t wait too long and allow life to get
in the way. At least do the sensible
thing. Get temporary protection and lock
in your insurability with a 10 Year Term. You’ll be able to convert that Term to an Infinite
Banking Whole Life policy when the time is right (assuming this is done by the
end of the 10 year term period). No need
for a future exam to determine your eligibility.
You’ll have 10 years to cozy up to the idea of guaranteed
growth, access to your money tax-free when you want or need it without
interrupting the growth, and the peace of mind of knowing the foundation of
your financial plan along with your legacy is set no matter what happens around
that curve in the road called life.
If you’ve been on the fence, let me know. It costs you nothing to get a quote on a 10
Year Term Policy. The choice you make
from there is entirely yours.
Have a prosperous 2019!
John A.
Montoya
JLM Wealth Strategies, Inc.
IBC® Authorized Practitioner
Bank On Yourself® Authorized Advisor
CA Life#0C42222
Contact me here: www.IBC.guru
