Posts Tagged ‘Infinite Banking’

FAQ-The “770 Account” or Infinite Banking®

Wednesday, February 5th, 2014
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Some Quick Words of Wisdom:

Humility is regarded as a prerequisite to increasing wisdom.  When you are humble, you accept that there is still more for you to learn.  Humble people are teachable, open to change, and never stop learning.  With great wisdom comes great wealth and success.

Thank you in advance for increasing your financial knowledge but remember that wisdom is the practical application of knowledge.  Simply put, apply what you learn.  No one will do it for you.




Why Have I Never Heard Of The 770 Account Before?

Your financial advisor has likely never heard of it and the life insurance industry does not train agents on this strategy.  Wall Street advisors get paid to manage money by recommending mutual funds and other securities. The 770 Account is an unmanaged asset class guaranteed by contract to grow regardless of market conditions.  It quite literally is the secret your advisor and bank hope you never discover!

See below why banks hope you never discover the 770 Account…


What is the 770 Account?

The 770 Account is really another name for a popular financial strategy better known as Infinite Banking® or Bank On Yourself®.  In January 2013 a popular stock newsletter began promoting the “secret” 770 Account as a way to increase subscribers to their monthly paid newsletters.  As an Authorized Practitioner with both the Infinite Banking Institute and Bank On Yourself®, I can create a personalized 770 Account solution for you and you’ll get my monthly newsletter for free.  I work in all states including Alaska and Hawaii.


Is the 770 Account an Investment?

No.  An investment is an asset that can gain in value but also lose value at any time.  A 770 Account is a permanent life insurance contract with a mutual based life insurance carrier.  The life insurance companies provide you a contract that guarantees to increase your cash value every year regardless of economic conditions.  Also, unlike other assets, a 770 Account doesn’t need to be sold in order to create liquidity.  You always have access to your cash values in the contract without interrupting the compounding growth of your money.  There are no surrender penalties and no fees to access your money.


Is the 770 Account a Whole Life Insurance Contract?

Yes and No.

“770” refers to IRS revenue code 7702 which provides permanent life insurance contracts (Whole Life) tax-favored status when compared to other assets.  You can use other vehicles for the strategy but no other vehicles for money provide all the benefits and guarantees of a properly designed Whole Life contract.

IMPORTANT:  Whole Life is the most misunderstand financial product that exists.  Please remember that the 770 Account is a strategy, not a product.  The 770 Account strategy is a process by which you use a properly designed Whole Life contract to accelerate the payoff of debts and/or accumulate assets safely.  It is not about earning a conservative tax-favored rate of return of 5% over the life of the contract although that’s a nice perk, too. 

When you set up a properly designed Whole Life policy, you are creating a business you’ve never had before.  When you change the way you use your money, you change the way think!  Take back the function of banking (financing) from your bank forever. 

Watch the video at to learn more and see a real life example towards the end of the video.  You can also subscribe to receive more information at with my advisor code JM66.


What Makes the 770 Account Strategy Different From a Traditionally Sold Whole Life Contract?

The life insurance industry prefers to sell maximum death benefit policies in order to protect families from a sudden loss of income due to the premature passing of a loved one.  While that is a noble pursuit, the 770 Account is a strategy that turns how life insurance is purchased completely upside down.   The goal of the 770 Account is to minimize the death benefit while at the same time maximizing the funding.  A properly designed account reduces the commission by 60-70%.  What would go to the advisor now goes directly toward the cash value!


Why Are You (The Advisor) Willing To Take a 60-70% Cut In Commissions?

In one word: Integrity.

Taking a 60-70% cut in commissions translates to a 60-70% increase in cash value right away for my clients.  I like to provide transparency as it establishes trust.  Additionally, I have found that people better understand the mechanics of a Whole Life contract when I explain how their money is allocated into specific riders to turbo-charge the growth from day 1.

Honesty and transparency has also provided a long-term benefit for me as an advisor.  Because there are few advisors who offer the 770 Account the way it should be set up, my business is largely word of mouth.  Just like it’s hard to find a good mechanic, it’s also very difficult to find an honest and experienced practitioner for the 770 Account strategy.


What Is The Minimum/Maximum To Get Started?

It depends on your age, but generally $500 a month ($6000/year) is the minimum to get started. There really is no maximum which is why wealthy people have been over-funding Whole Life insurance contracts for generations in order to protect, grow, and transfer wealth tax-free.  This is not a get-rich quick scheme.  You must have a long-term perspective to properly utilize this strategy.


Can I Contribute A Lump Sum Into a 770 Account?

Yes and No.

There are tax advantages if you break up a large lump sum into regular annual contributions.  You could also start with a lump sum and then contribute on a monthly basis which is a popular way to jump start the plan.  You can have access to the cash values in as quickly as 30 days.

If you decide to only fund a contract with one lump sum contribution, your cash values will grow tax-deferred but you will be taxed on any gains upon loan or withdrawal.  A single premium 770 Account plan works best for seniors because there is minimal underwriting requirements and they can re-direct money that traditionally sits in a bank CD providing little benefit.

If you are older than 65 and/or have CD money, please request “The Bank On Yourself® Plan for Seniors”.


What Is The Best Way To Use The 770 Account?

If you work with me to open your 770 Account with the goal of building wealth, you’re more than likely to hear me tell you that there are two kinds of people in this world:  employees and business owners.

How you think determines everything in life!  So it is with the 770 Account.  My hope is that you think like a business owner.  Here’s why:

An “employee mindset” is to treat your 770 Account like it’s just a savings account and never touch the money for any reason.  It’s okay if you do but personally I believe you’re missing the most important benefit of the 770 Account which is the ability to grow your cash values uninterrupted for the rest of your life, even when you choose to use the money somewhere else.

A “business owner mindset” sees the unique ability to access their cash values without interrupting its growth so they can use the money to invest in other assets that provide greater returns with little risk.  A lot of my clients love real estate for high ROI cash flowing properties or acting as a private lender on secured Deeds of Trusts earning 8-15% on short term loans.  How they use this strategy to invest is entirely up to them.  If you have a business, you can use your 770 Account to finance the growth of your business instead of paying interest on a Business Line of Credit to the bank.  You can use the money for literally any purpose.

Your only limitation is your imagination.  Use a business owner mindset and remember this:


“Money attracts opportunities.”


How Do I Get Started?

Please use my online calendar to schedule an appointment that is convenient with your schedule here:

You have nothing to lose but more time.  There is no out of pocket fee ever to work with me or any of member of my team, so get started!


What’s the Secret Banks Hope I Won’t Discover?

Did you know banks purchase more cash value life insurance than any other entity in the world?  Isn’t it ironic that what banks do with their reserves is the opposite of what their advisors recommend you do with your money?  Banks buy so much cash value life insurance that life insurance companies created a special product for them called “Bank Owned Life Insurance” or BOLI for short.  In 2004 the Federal Reserve actually had to mandate that banks limit their life insurance assets to 25% because they were buying too much.  Amazing, right?  Author Barry James Dyke documented this and more in his book The Pirate of Manhattan. It’s a must read for 770 Account/Infinite Banking enthusiasts.  Still don’t believe me?  Click here to see Bank of America’s balance sheet.


One final thought about banks…

Imagine you had a time machine and could back in time to the day you opened your savings account at your local bank.  I’d like you to imagine that instead of a traditional savings account, your banker recommended you open a 770 Account instead.  Can you imagine how much money you would have if every dollar you saved was still working for you all these years later?

Banks will never offer you a 770 Account because think about what would happen to their lending department if they let you borrow your own money on your own terms without interrupting the compounding growth of your money?  BANKS WOULD CEASE TO EXIST.

The goal of any bank is to control your money and create debt.  Whether you are a religious person or not, you might know it’s mention in the Gospels that Jesus lost his temper only one time.  That was when he threw the money changers (bankers) out of the temple.  Are you ready to throw out your banker?

Click the “Contact” tab to your bottom right to schedule an appointment!


“Eliminate Uncertainty (Stock Market) and Usury (Banks) Forever!”

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The Very Secret 770 Account That Sounds Too Good To Be True (But Isn’t)

Saturday, December 21st, 2013
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The Very Secret “770 Account”


So about that “770 Account” you’ve been hearing about…


Click on the carton to request the Free Report.


Before I get started on the 770 Account, I want to share with you another little money secret.  It’s called a “401” account.  It has no guarantees except that you can and will lose money when the market tanks and eventually you will have to pay taxes on it whether you have a gain or not.


Still interested?


It gets even dicier. Your money in this 401 account is in most cases illiquid until after age 59.5 and you have to pay fees on the account (even hidden fees that you know nothing about) for life to Wall Street whether they make you money or not.


Can you guess what it is?!?


If you follow the mainstream financial media you likely have one of these 401k accounts.  You also buy term insurance thinking Whole Life is expensive and have been led to believe permanent life insurance is a waste of money.


Madison Avenue and Wall Street know that if you hear the same thing for long enough, you’ll actually believe it’s true. Those fat cats are pretty clever, aren’t they?


In my honest opinion, only an unwitting person completely unaware of a better option would park their money with Uncle Sam and Wall Street in a retirement account lockbox called a 401k because one entity will tax you for life and the other will bleed your account dry while you take all the risk.


If that’s appealing to you, please proceed with your regularly scheduled programming…


The only people getting wealthy from mutual funds & 401k’s are the financiers on Wall Street!  


My apologies (sort of) for poking fun at the 401k which the majority of Americans use to fund their retirement.  My point in leading off with it is to point out that a “secret” financial strategy like the 770 Account isn’t really much of a secret because it’s actually been around for over 150 years.  Depending on how old you are, your grandparents probably had one!  They certainly didn’t have a 401k and they were smart enough to not trust the banks.


770 Account

One important difference between the 770 Account and the 401k account is that you’re only familiar with the latter.


The 770 Account is the alternative retirement account that you either have never heard of it before or, if you have, chances are you are most likely misinformed or have yet to be properly educated about the strategy.  (The first giveaway is that you’re calling it the 770 Account!)


I can pretty much guarantee you don’t understand this proven wealth strategy because the life insurance industry doesn’t even teach this strategy.  In fact, it’s still so obscure that it’s now being called the 770 Account by a newsletter putting a new spin on old registered trademark and people are none the wiser.


And if those in the life insurance industry don’t know the in’s and out’s of this financial strategy  (sadly,the majority of advisors use the wrong type of contract), I’m absolutely positive the traditional government approved Wall Street advisor knows next to nothing except what they might have heard about it in conversation from a client asking them to open an account for them.  So for the lay person, knowledge about the 770 Account is even more obscure, if that’s even possible…


The bottom line is this, the 770 Account is very much a secret if you call it by that name.  Lately I’ve been seeing videos on the internet for a secret investment that of course sounds too good to be true.  It’s called the “770 Account” or “the Presidential Account” but it’s best known as the Infinite Banking Concept® (or IBC for short) which is the original trademark and the trusted source behind this strategy.


For those that already think they know what the Infinite Banking Concept is about, I’m going to stop you in your tracks.  Infinite Banking is more than a Whole Life contract which is simply a product that combines a tax-favored savings component under IRS code 7702 (get it?) with a death benefit to boot.


Brace Yourself…


The 770 Account is REAL and BY FAR the best place to park cash for use over one’s life because it’s actually safer, 100% liquid, and more predictable than any other type of wealth accumulating strategy that exists.


Just try not to call it the 770 Account because that’s a clever new name some folks at the Palm Beach Newsletter have given it after they did their own very thorough research.  I’ll admit the new name is catchy.  So much so that I even refer to it as such when people call or message me asking for more information but at the end of the day, remember that it’s original name is Infinite Banking.  And even more important, please remember this key detail:


The Infinite Banking Concept® is the only strategy by which you can eliminate uncertainty (Wall Street), usury (bank financing), and taxes (the IRS) from your life forever.


What could be better than the 770 Account (Infinite Banking)?!?


Answer this riddle and you will know:  It’s more powerful than God. It’s more evil than the Devil. The poor have it. The rich need it. If you eat it you will die.   (Answer below.)


This is what the 770 Account visually looks like (click to enlarge):

770 Account Banking Process

Money must reside somewhere. Grow it, keep it, and pass it on!


As an IBC Practitioner, I teach this strategy in my practice and I’ve seen the impact it has had in my clients lives.  The “770 Account” is the mother of all foundations for wealth building. Why? Because it can give birth to new investments without opportunity cost.  Your money is always working for you even when you deploy it somewhere else!


Educate yourself by doing your own research about the Infinite Banking Concept.


Don’t believe the online jokers on message boards who know nothing about Whole Life contracts.  This includes the typical Wall Street advisor paid to sell you mutual funds or the lay person who only buys term because they’ve never learned how wealthy people accumulate tax-favored money in these accounts using very specific riders to turbo charge the cash values.


For a better understanding of how the 770 Account works, talk to an IBC Practitioner who can teach you the concept.  You can verify my affiliation with the Infinite Banking Institute by clicking here:   Best of all, you won’t have to pay a monthly subscription to a newsletter for learning how you can get started with your 770 account.


…and the answer to that riddle above: nothing.


And by the way, the most common lament I hear from people once they learn the truth about the 770 Account/IBC is that they wish they would have known about this decades ago.  (Just heard it again this morning from a 64 year old gentleman wanting to get started and is two years from retirement.  If this sounds similar to your situation, a different version of the 770 Account is your best bet.  Ask me about it.)


Do yourself a favor and get in touch to request a free Infinite Banking personalized solution today.  Until you see what your plan will look like, you’ll never truly know how much wealth you’re giving away.


You’ll thank yourself later (and your kids and grandkids will, too).

Grow Wealth Early & Often


John A. Montoya
JLM Wealth Strategies, Inc.
(925) 386-6639 Office
Bank On Yourself™ Authorized Advisor
IBC Horiz-Med



Request the Free Report by clicking here

Be sure to mention “Free Report”


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How Much Does It Cost To Get Started?

Wednesday, June 16th, 2010
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How Much Does It Cost To Get Started?

By John Montoya

June 15, 2010

This is probably the most common question I get asked after sharing with people how they can bypass the traditional banking system and create a banking system they can own and control, and therefore generate profits from a lifetime of financing. The answer is really simple. However, in order from someone to really understand the concept of Infinite Banking, I answer their question with a question so they can begin to wrap their mind around the concept. Here’s what I ask:

“How much does it cost you to save money now?”

It’s a pretty straight forward question but I never get the most obvious answer. The cost is really $0. For example, if you save $250 every month, there is nothing spent there. It certainly requires discipline to save money, but there’s no cost involved. According today’s article in the L.A. Times, there is $5.06 trillion dollars sitting in passport savings and money market accounts earning closing to 0%. That’s really quite astonishing on many levels.

The reason why our savings rate is increasing is because people are scared about losing money. I think a certain level of paranoia or call it caution, is a good thing considering the amount of risk people were willing to stomach in the past decade in order to chase rate of return. Being weary of losing money means people are being more rational about the risk/rewards of investing. If people start to take a greater interest on the return OF their money versus the return ON their money, I think this “lost” decade won’t have been for nothing. However, some could argue, and perhaps rightly so, that having so much money currently sitting on the sidelines is an extreme over reaction to the volatility the stock market has been experiencing since late 2008.

Whatever the case may be, people are saving money and I mean really saving money the old fashioned way. I don’t mean “investing to save” which is what most people do with their 401k/IRA contributions. True investing means that money is at risk of loss or has the potential for gain. Saving is simply socking away money which you know will be there when you need it. So many of us have been hypnotized into believing that money we put into our 401k/IRA’s is our savings, but there’s a reason why government statistics do not include qualified retirement contributions as part of their savings statistics. I believe it’s because this 401k/IRA money could be here today and gone tomorrow which we all know can happen with stock market investments no matter how savvy an investor one may be. Here today and gone tomorrow hardly implies savings you can count on when you need it.

So what has it cost the American public to save $5.06 trillion dollars; money deposited into accounts with the confidence it will be liquid should it be needed? The answer is nothing. Every dollar of that $5.06 trillion dollars is liquid and available for withdrawal.

It works the same way when you own and control your own banking system. It costs you nothing because ultimately what you will have funded the banking system with will include every dollar you saved. Furthermore, the longer you have the banking system, the more profitable it will become.

So what are the next most frequently asked questions?

“It sounds too good to be true. There has to be a negative or more people would be doing it. Why aren’t more people doing this and what are the downfalls, if any, to implementing this strategy?”

Stay tuned as I will answer this for you as well.

For more information about Becoming Your Own Banker or to attend a workshop, please contact us (925) 386-6639.

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