{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"The Real Numbers Behind Infinite Banking (It's Not What You Think) (Ep. 283)","description":"Has your accountant &quot;never heard of&quot; infinite banking and your financial advisor calls whole life insurance a &quot;scam&quot;? In this episode, Mary Jo Irmen pulls up the actual policy numbers and breaks down why they're wrong \u2014 and how structure changes everything. \u26a0\ufe0f Warning: this episode comes with a dose of German passion. Mary Jo walks through the real numbers behind three policy structures \u2014 traditional whole life, 10-pay, and paid-up-at-65 \u2014 and shows exactly what a policy built for infinite banking does differently. $20,000 in premium can mean $0 cash value in year one\u2026 or $14,000 of access in 10 days. The difference is the paid-up additions rider, and if your advisor can't explain that, you have a problem. Mary Jo also breaks down why a 200-year-old, insurance-commissioner-approved product can't be &quot;a scam&quot; \u2014 and why you need to educate yourself before paying for advice from someone who hasn't done the reading. Chapters 0:00 \u2014 Intro &amp;amp; the warning (German passion incoming) 0:45 \u2014 &quot;My advisor said it's a scam&quot; 1:32 \u2014 Traditional whole life: the real numbers 5:44 \u2014 How infinite banking policies are structured 7:04 \u2014 The 10-pay policy trap 8:51 \u2014 Paid up at 65 11:00 \u2014 Why it can't be a scam 11:35 \u2014 The crab in the box 13:15 \u2014 Your job: educate yourself 16:45 \u2014 Closing &amp;amp; book your appointment \ud83d\udce9 Questions? Ideas for the show? Reach out: MaryJo@withoutthebank.com&amp;nbsp;  \ud83d\udcd8 Grab the Life Without the Bank book and your BYOB book \u2192 http:\/\/www.withoutthebank.com&amp;nbsp;  \ud83c\udf99\ufe0f Know someone Mary Jo should interview? Send it her way! #infinitebankingconcept #wholelifeinsurance #lifeinsuranceeducation #generationalwealth Audio Production by Podsworth Media - https:\/\/podsworth.com&amp;nbsp; ","author_name":"Without the Bank Podcast","author_url":"https:\/\/withoutthebank.com","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/42493665\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/205253525"}