Archive for the ‘Uncategorized’ Category

Bailouts to Bail-ins: Understanding The Dodd-Frank Act

Monday, March 30th, 2015
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From Bailouts to Bail-ins–Understanding The Dodd_Frank Act-Feb 2015

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No 1099’s Here by L. Carlos Lara

Thursday, February 26th, 2015
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No 1099s Here

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The Distinct Difference Of IBC Practitioners

Tuesday, January 27th, 2015
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The Distinct Difference Of IBC Practitioners 01-2015

By L. Carlos Lara


For monthly articles related to IBC, please subscribe to the Lara-Murphy Report (LMR) by visiting:

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New Rule For IRA’s in 2015

Tuesday, January 6th, 2015
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In a recent US Tax Court case, Bobrow v. Commissioner, the Tax Court ruled that all IRAs of a taxpayer should be looked at together when it comes to the one-rollover-per-year rule. Based on IRS guidance, IRAs include every type of IRA (traditional, Roth, SEP and SIMPLE). Prior to The Bobrow case, the IRS had applied this only on a per IRA basis.

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2015-New-Rule-for-IRAs-by John Montoya

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How Safe Are Life Insurance Companies?

Monday, December 22nd, 2014
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How Safe Are Life Insurance Companies 11-2014

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Equipment Financing With IBC Part 1

Monday, November 24th, 2014
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Special Report – Learn Secrets To Paying For College

Saturday, November 22nd, 2014
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Learn Secrets To Paying For College

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10 Things You Should Know About Infinite Banking AKA 770 Account

Friday, October 17th, 2014
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Infinite Banking Concept/770 Account

10 Things You Should Know


Safety & Structure


1. The cash value in your contract is protected and guaranteed to increase every year for life no matter what happens in the stock or real estate markets. Your money is secured by the assets of a Legal Reserve life insurance company, none of which are traded on any stock exchange.

The companies endorsed by JLM Wealth Strategies for the IBC/770 Account strategy are all mutual companies with track records of never missing a dividend. Some of these financial institutions pre-date the Civil War.

2. In order to immediately build cash value inside of a dividend paying Whole Life insurance contract, the traditional design of a Whole Life insurance contract must be flipped upside down. Instead of asking what will the cost of the death benefit be, a person interested in pursuing the IBC/770 Account should ask “What is the least amount of death benefit I can get based on the maximum amount of dollars I plan to save into a contract per year?”

This is because the strategy is about the maximization of your cash value for living purposes. The cost of insurance is therefore minimized and guaranteed fixed for life.

You decide on the savings budget for your plan. We will design it for you!

3. A correctly designed contract is one where the advisor positions the majority of the money paid into the contract (called premium) into a special insurance rider called a Paid-Up Additions Rider.

This PUA rider turbo-charges the growth of the cash value from day 1 allowing the policy holder to build a cash reserve that is liquid and available to be used for any purpose such as other investments, to accelerate the payoff of debt, etc.

(Most advisors do not heavily fund the PUA rider for clients because it can decrease the commission by as much as 70-80%. Be sure you work with an advisor who is looking out for your best interest and ask them how they get paid. Dave Ramsey and Suze Orman, both financial entertainers and not advisors, never discuss the use of a PUA rider when disparaging Whole Life in favor of term insurance.)



4. The guaranteed increases you receive in your contract are based on a “worst case” scenario projected by the life insurance company. When the life insurance company performs better than their worst case income and expense scenario, a dividend is declared and paid out to all policy holders.

Once interest and dividends are credited to your contract, they can never be taken from you. Unlike stock market or real estate gain, the gains in your contract are locked-in.


The Banking Strategy


5. The cash value in your contract can be used any time for any purpose without interrupting the growth. When you access money via “the Smart Way”, interest and dividends will continue to be paid to your account because you are never actually touching the cash value. No other financial strategy we know of allows you to compound the growth of money even while you use it to invest elsewhere, make large capital purchases, or to pay down debt.


6. There are 3 ways to access money from an Infinite Banking/770 Account strategy:

  • The Sad Way: When you pass away, the death benefit minus any policy loans will go to your beneficiary income tax-free.
  • The Dumb Way: If you withdraw (physically remove) cash value from your contract like with a checking account, you will interrupt the compounding growth on the money you withdraw and you will be taxed on the gains earned in your contract.
  • The Smart Way: Policy loans are tax-free and secured by using your available cash value as collateral. Since your money is never removed from the contract, it will continue to compound uninterrupted.


7. All loans are guaranteed. You can never be turned down for a loan. No credit application, income or asset verification is required, and your credit score has no bearing. (Keep in mind, a credit score is meant to determine your credit worthiness to a bank. With this strategy, you are the bank and the banker!)


8. Loan repayments are unstructured and decided by you. You choose the amount of the loan repayment and you can choose whether to increase, decrease, or even stop the loan repayment. Interest charged by the life insurance company is calculated at simple interest allowing you to pay off the policy loan as quickly as possible.


For best results, while you are working pay your loans back with additional interest as if you were borrowing money from a family member or traditional bank. Repaying your policy loans allows you to recapitalize the contract so you can “recycle” the use of your money over and over again without interruption to the growth of your cash values.


9. You are in total control of your cash flow and money. There are no surrender penalties with a properly designed Infinite Banking/770 Account plan. There are no requirements that you ever take money from your contract like with a 401k/IRA. Access your cash value tax-free via policy loans whenever you want.


10. This strategy is a private account between you and the life insurance company. It was not created by Congress and therefore the rules and restrictions that apply to 401k/IRA’s are not applicable with this contract. This is a financial strategy that allows you to park your after-tax dollars into an ultra-safe, ultra-liquid life insurance contract for uninterrupted growth with total control and peace of mind (exactly like the banks do with their cash reserves!)

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New Life For Life Insurance

Tuesday, September 23rd, 2014
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New Life For Life Insurance by Barry James DykePirates of Manhattan

























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Bank Deposits Are Risky

Wednesday, September 10th, 2014
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Infinite Banking




Bank Deposits Are Risky by Carlos Lara




Click Here:  Bank Deposits Are Risky - LMR May 2014


Also, read here:


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Thank you,


John Montoya


(925) 386-6639


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