The IBC Guys

Episode 33: Base vs. Paid Up Additions
Welcome back to The IBC Guys Podcast!  
In this episode of The IBC Guys, Dave discusses the two components that build IBC policies - the Base premium and the Paid Up Additions (PUA) premium.  He goes through and discusses how each policy should be built for the client and not just as a one-size-fits-all suggestion from the agent.  The Base and PUA should combine to provide the client exactly what they are looking for in the policy.  Dave also discusses the roles of the Base and the PUA, respectively, and how each has its own role within the policy.  If you’ve been looking for an episode that arms the listener in talking about IBC, this one’s for you!   
Also in this episode, Dave divulges commission secrets, misses Mike’s profound knowledge, and doubles down on the desire of the IBC Guys.  Don’t miss it!
Key takeaway: The Base premium and the PUA premium should combine to be exactly what the client wants.  If it doesn't, the policy is not for them!
 
Resources Mentioned:
📩 Email: Dave@familybankingsolutions.com | Mike@familybankingsolutions.com
📞 Call: 507-205-2284
📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min
📱 Follow us on social media: 
Dave’s Facebook: https://www.facebook.com/dave.parmerlee
Dave’s Instagram: https://www.instagram.com/dave_ibcguys/
Dave’s Linkedin: https://www.linkedin.com/in/david-parmerlee-121bb3293/
 
Mike’s Facebook: https://www.facebook.com/profile.php?id=100090029017545
Mike’s Instagram: https://www.instagram.com/mike_ibcguys/
Mike’s Linkedin: https://www.linkedin.com/in/mike-stevens-962186336/
 
🔔 Don’t forget to subscribe and leave us a review—it helps us reach more people looking for financial freedom through IBC!
#InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom

Episode 32: The Downsides of IBC
Welcome back to The IBC Guys Podcast!  
In this episode of The IBC Guys, Dave discusses the downsides of IBC.  The Guys want to get IBC out to everyone, so the Guys thought it time to discuss the downsides of IBC.  Dave discusses the downsides to individual policies as well as the broad overarching downsides of all Whole Life policies.  Dave doesn’t do this alone, though.  He brings in Nelson Nash, Carlos Lara, and Dr. Bob Murphy to help him discuss the aspects of IBC that maybe aren’t so great.
Also in this episode, Dave cannot say big words, there’s technical difficulties, and Dave provides unprompted book reviews. If you’ve been wondering what the downsides of IBC are, this is the episode for you!
Key takeaway: IBC is not an investment.  The goal of IBC is to monetize money one is already spending.  In other words, to have one's money make money make money.
Resources Mentioned:
📩 Email: Dave@familybankingsolutions.com | Mike@familybankingsolutions.com
📞 Call: 507-205-2284
📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min
📱 Follow us on social media: 
Dave’s Facebook: https://www.facebook.com/dave.parmerlee
Dave’s Instagram: https://www.instagram.com/dave_ibcguys/
Dave’s Linkedin: https://www.linkedin.com/in/david-parmerlee-121bb3293/
 
Mike’s Facebook: https://www.facebook.com/profile.php?id=100090029017545
Mike’s Instagram: https://www.instagram.com/mike_ibcguys/
Mike’s Linkedin: https://www.linkedin.com/in/mike-stevens-962186336/
🔔 Don’t forget to subscribe and leave us a review—it helps us reach more people looking for financial freedom through IBC!
#InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom
 

Episode 31 - IBC Loan: Is There Interest? 
 
Welcome back to The IBC Guys Podcast!  
In this episode of The IBC Guys, Mike is away and Dave works to tackle a question people often ask - “Is there interest when I take a Cash Value loan?”  Discussing the ceiling of Cash Value, the collateral of the Death Benefit, and how the ledger continues to make one uninterrupted compounding growth, Dave discusses how the interest rate comes out to about a 0% interest loan.  All the above, as well as fixed and variable loans, coalesce into an episode that answers the question, “Is there interest?”
Also in this episode, Dave has no excuse for rabbit trailing, he discusses how IBC loans are leveraged within his own company, and he teases the coming episode with Mike.  If you’ve been interested in how loan interest works within IBC, this episode is for you!
Key takeaway: Any money you’ve put into the policy continues to make uninterrupted exponential growth, even if/while you’ve borrowed against the Cash Value and are paying an interest rate to the insurance company.
 
Resources Mentioned:
📩 Email: Dave@familybankingsolutions.com | Mike@familybankingsolutions.com
📞 Call: 507-205-2284
📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min
 
📱 Follow us on social media: 
Dave’s Facebook: https://www.facebook.com/dave.parmerlee
Dave’s Instagram: https://www.instagram.com/dave_ibcguys/
Dave’s Linkedin: https://www.linkedin.com/in/david-parmerlee-121bb3293/
 
Mike’s Facebook: https://www.facebook.com/profile.php?id=100090029017545
Mike’s Instagram: https://www.instagram.com/mike_ibcguys/
Mike’s Linkedin: https://www.linkedin.com/in/mike-stevens-962186336/
🔔 Don’t forget to subscribe and leave us a review—it helps us reach more people looking for financial freedom through IBC!
#InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom
 

Episode 30: EVA (Economic Value Added) Part 2
Welcome back to The IBC Guys Podcast!  
In this episode of The IBC Guys, Mike and Dave further discuss EVA - or Economic Value Added.  In Part 1, the guys worked to (1) define EVA and (2) provide insight into how IBC considers EVA while allowing one to still use someone else’s money.  EVA is a complicated issue but, at its heart, there is one question:  Has the earning potential been considered for the money you are saving or spending?
Also in this episode, Mike is looking for listener help in how to become a guy that collects shoes, Dave dresses in his Mike Stevens uniform, and the guys think they have a lot of time left when they don’t.  EVA is a great advocate for IBC - ensuring one’s money is working for them before using someone else’s money to take care of needs.
Key takeaway: Consider the money making potential of your capital before you save or spend.  Then remember, IBC allows one to do both!
Resources Mentioned:
📩 Email: Dave@familybankingsolutions.com | Mike@familybankingsolutions.com
📞 Call: 507-205-2284
📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min
📱 Follow us on social media: 
Dave’s Facebook: https://www.facebook.com/dave.parmerlee
Dave’s Instagram: https://www.instagram.com/dave_ibcguys/
Dave’s Linkedin: https://www.linkedin.com/in/david-parmerlee-121bb3293/
 
Mike’s Facebook: https://www.facebook.com/profile.php?id=100090029017545
Mike’s Instagram: https://www.instagram.com/mike_ibcguys/
Mike’s Linkedin: https://www.linkedin.com/in/mike-stevens-962186336/
🔔 Don’t forget to subscribe and leave us a review—it helps us reach more people looking for financial freedom through IBC!
#InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom
 

Episode 29: EVA (Economic Value Added) Part 1
 
Welcome back to The IBC Guys Podcast!  
In this episode of The IBC Guys, Mike and Dave discuss EVA - or Economic Value Added.  Nelson Nash, the Godfather of OBC, states “One finances everything.”  What he means is that there is a cost to every choice made with one’s money - even saving it in a shoebox.  The Guys work to define EVA, discuss the impact EVA has on making financial choices, and then how EVA relates and shows up in IBC.  This higher level IBC topic is great for those who are just beginning their IBC journey as well as those who have had their policies for years! 
Also in the 1st episode of 2 in talking about EVA, Mike is working on his professional wrestling catch phrase, Dave tries to sound smart in quoting Nelson Nash, and the guys compare their own personal banking policies!  EVA is a great mirror to look into when making decisions for one’s financial future.
 
Key takeaway: If one can, considering EVA is always best when making choices with money.
 
Resources Mentioned:
📩 Email: Dave@familybankingsolutions.com | Mike@familybankingsolutions.com
📞 Call: 507-205-2284
📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min
 
📱 Follow us on social media: 
Dave’s Facebook: https://www.facebook.com/dave.parmerlee
Dave’s Instagram: https://www.instagram.com/dave_ibcguys/
Dave’s Linkedin: https://www.linkedin.com/in/david-parmerlee-121bb3293/
 
Mike’s Facebook: https://www.facebook.com/profile.php?id=100090029017545
Mike’s Instagram: https://www.instagram.com/mike_ibcguys/
Mike’s Linkedin: https://www.linkedin.com/in/mike-stevens-962186336/
 
🔔 Don’t forget to subscribe and leave us a review—it helps us reach more people looking for financial freedom through IBC!
 
#InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom

Episode 28: Shame in Finances?
 
Welcome back to The IBC Guys Podcast!  
In this episode of The IBC Guys, Mike is away, so Dave and Tim get to hang out and discuss an interesting topic around finances - shame.  The title of the episode has a two-fold meaning: (1) Does one have shame in finances and (2) Should one have shame in finances?  The guys share their thoughts around shame related to their own finances and, specifically IBC, including personal examples of how they have felt shame around finances in their lives.  If you’re looking for encouragement this week, this episode is for you!
 
Also in this episode, Mike knows everyone, Dave’s Mom thinks he’s crazy, and Tim purchases all of Amazon.  Join the guys as they talk through thoughts and feelings most people have when it comes to IBC and their finances!
 
Key takeaway: The IBC process is new and can be scary - but the worst mistake one can make is not starting!
 
Resources Mentioned:
📩 Email: Dave@familybankingsolutions.com | Mike@familybankingsolutions.com
📞 Call: 507-205-2284
📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min
📱 Follow us on social media: 
Dave’s Facebook: https://www.facebook.com/dave.parmerlee
Dave’s Instagram: https://www.instagram.com/dave_ibcguys/
Dave’s Linkedin: https://www.linkedin.com/in/david-parmerlee-121bb3293/
 
Mike’s Facebook: https://www.facebook.com/profile.php?id=100090029017545
Mike’s Instagram: https://www.instagram.com/mike_ibcguys/
Mike’s Linkedin: https://www.linkedin.com/in/mike-stevens-962186336/
 
🔔 Don’t forget to subscribe and leave us a review—it helps us reach more people looking for financial freedom through IBC!
#InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom
 

Episode 27: The IBC Loan Process
 
Welcome back to The IBC Guys Podcast!  
In this episode of The IBC Guys, Dave and Tim talk through the process of taking a ‘loan’ out of your IBC policy.  The guys work to explain the process, discuss common misconceptions and misunderstandings, and compare the IBC loan process with the loan process of a traditional bank.  If you’re ready for practical implementation, this episode is for you!
Also in this episode, the jokes are at Mike’s expense because he’s not there, Dave gets mad at himself, and Tim wants to go to Tahiti.  Join the guys for an informative, practical episode on one of the key components of the IBC cash-flow system!
 
Key takeaway: The loan process for IBC is much MORE efficient and much LESS intrusive than the traditional going-though-a-bank loan process.
 
Resources Mentioned:
📩 Email: Dave@familybankingsolutions.com | Mike@familybankingsolutions.com
📞 Call: 507-205-2284
📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min
 
📱 Follow us on social media: 
Dave’s Facebook: https://www.facebook.com/dave.parmerlee
Dave’s Instagram: https://www.instagram.com/dave_ibcguys/
Dave’s Linkedin: https://www.linkedin.com/in/david-parmerlee-121bb3293/
 
Mike’s Facebook: https://www.facebook.com/profile.php?id=100090029017545
Mike’s Instagram: https://www.instagram.com/mike_ibcguys/
Mike’s Linkedin: https://www.linkedin.com/in/mike-stevens-962186336/
 
🔔 Don’t forget to subscribe and leave us a review—it helps us reach more people looking for financial freedom through IBC!
 
#InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom
 

Episode 26: IBC Discussion: Tim
Welcome back to The IBC Guys Podcast!  
In this episode of The IBC Guys, back by popular demand, Mike and Dave are joined again by Tim Scheinder, a long time IBC user. Time provides his perspective and insight in IBC in this round table discussion.  Tim is able to talk through some of the same ideas the Guys have discussed previously, but in a different way that brings clearer understanding.
Also in this episode, Dave proposes a new title for the podcast, Mike rides a bike backwards, and Tim is an internet model.  Join the guys for a fun, less formal discussion of IBC!
Key takeaway: IBC takes time to understand - give yourself some grace!
 
Resources Mentioned:
📩 Email: Dave@familybankingsolutions.com | Mike@familybankingsolutions.com
📞 Call: 507-205-2284
📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min
 
📱 Follow us on social media: 
Dave’s Facebook: https://www.facebook.com/dave.parmerlee
Dave’s Instagram: https://www.instagram.com/dave_ibcguys/
Dave’s Linkedin: https://www.linkedin.com/in/david-parmerlee-121bb3293/
 
Mike’s Facebook: https://www.facebook.com/profile.php?id=100090029017545
Mike’s Instagram: https://www.instagram.com/mike_ibcguys/
Mike’s Linkedin: https://www.linkedin.com/in/mike-stevens-962186336/
🔔 Don’t forget to subscribe and leave us a review—it helps us reach more people looking for financial freedom through IBC!
 
#InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom
 

Episode 25: IBC Stories: Tim
 
Welcome back to The IBC Guys Podcast!  
In this episode of The IBC Guys, Mike and Dave are joined by Tim, a long time IBC user.  Time provides a POWERFUL story in (a) what led his family to utilize IBC and (b) how IBC has impacted his family’s financial future.
Also in this episode, Mike tries out for the Senior PGA Tour, Dave gets put in his place, and Tim gets hit up for some of his wife’s cinnamon twists!  If you’re interested in how IBC was used to climb out of debt, you want to tune into Tim’s story!
 
Key takeaway: Running any expense though your IBC policy - including paying off debt - will completely change your family’s financial future for the better!
 
Resources Mentioned:
📩 Email: Dave@familybankingsolutions.com | Mike@familybankingsolutions.com
📞 Call: 507-205-2284
📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min
 
📱 Follow us on social media: 
Dave’s Facebook: https://www.facebook.com/dave.parmerlee
Dave’s Instagram: https://www.instagram.com/dave_ibcguys/
Dave’s Linkedin: https://www.linkedin.com/in/david-parmerlee-121bb3293/
 
Mike’s Facebook: https://www.facebook.com/profile.php?id=100090029017545
Mike’s Instagram: https://www.instagram.com/mike_ibcguys/
Mike’s Linkedin: https://www.linkedin.com/in/mike-stevens-962186336/
🔔 Don’t forget to subscribe and leave us a review—it helps us reach more people looking for financial freedom through IBC!
 
#InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom
 

Episode 24: Buy/Sell Agreements: Do You Need One?
Welcome back to The IBC Guys Podcast!  
In this episode of The IBC Guys, Mike and Dave discuss Buy/Sell agreements - definitions, examples, and encouragement in deciding if Buy/Sell should be in your life.  When life changes - death, retirement, disability, etc. - Buy/Sell agreements (a) proactively make the decisions for the change and (2) pay out any financial settlement that may be part of that change.  All the while, the owner of the policy can use the Buy/Sell agreement as an IBC policy, maintaining the control, liquidity, and usage that makes IBC so valuable!
Also in this episode, Mike stands firm on his stance about an IBC Guys theme song, Dave gives up on trying to be funny, and the guys offer free things!  It's always a great idea to prepare for change and the guys work to show how a Buy/Sell agreement helps set people up for success when that change inevitably happens!
 
Key takeaway: Buy/Sell Agreements help put minds at ease while providing the financial stability for change, as well as the benefits of IBC - all at the same time!
 
Resources Mentioned:
📩 Email: Dave@familybankingsolutions.com | Mike@familybankingsolutions.com
📞 Call: 507-205-2284
📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min
 
📱 Follow us on social media: 
Dave’s Facebook: https://www.facebook.com/dave.parmerlee
Dave’s Instagram: https://www.instagram.com/dave_ibcguys/
Dave’s Linkedin: https://www.linkedin.com/in/david-parmerlee-121bb3293/
 
Mike’s Facebook: https://www.facebook.com/profile.php?id=100090029017545
Mike’s Instagram: https://www.instagram.com/mike_ibcguys/
Mike’s Linkedin: https://www.linkedin.com/in/mike-stevens-962186336/
 
🔔 Don’t forget to subscribe and leave us a review—it helps us reach more people looking for financial freedom through IBC!
 
#InfiniteBanking #WealthBuilding #IBCGuys #FinancialFreedom