Episode 13: Do I Really Have to Pay Myself Back? – IBC Misconceptions
Welcome back to The IBC Guys Podcast! In this episode, Mike and Dave tackle one of the biggest misconceptions about the Infinite Banking Concept (IBC): Do I really have to pay myself back?
We hear this question all the time. When you take a loan from your policy, do you have to pay it back? The short answer? No—but the real question is, why wouldn’t you? Today, we break down the mechanics of policy loans, how they work, and why repaying yourself actually benefits you in the long run.
Here’s what we cover in this episode:
✅ The truth about policy loans—are you borrowing your money?
✅ Why the loan isn’t a withdrawal and how it keeps your cash value growing
✅ The power of uninterrupted compound growth
✅ What happens if you never pay back a policy loan
✅ Real-life examples of using policy loans strategically
We also debunk common myths surrounding IBC and explain why treating your policy loan repayments like a structured banking system puts you in control of your financial future.
Key takeaway: Infinite Banking is all about control and flexibility. You’re not required to pay yourself back—but smart IBC practitioners understand that doing so keeps their system running smoothly, ensuring they always have access to capital when they need it.
Resources Mentioned:
📩 Email: Dave@familybankingsolutions.com | Mike@familybankingsolutions.com
📞 Call: 507-205-2284
📅 Schedule a consultation: https://calendly.com/dave-familybankingsolutions/30min
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