Congratulations on completing a new policy!
As you get started with this opportunity fund (and implement IBC with a whole life policy), here are a few things to do so you can use this policy on your path to financial freedom.
New Policy Check List:
Do you have a copy of the contract and illustration?
Have you registered for online policy access?
Do you have a plan to make the full premium payment (base and paid-up additions rider) this first year?
Have you found the resources in the topic section of this group for your policy? i.e. how to pay premiums, how to take a loan, make loan repayments?
Have you identified the first or next opportunity to use the cash value in the policy? -pay off a debt, build cash value for a future need, invest in a cash-flowing investment, self-finance a major purchase?
Revisit Courses
We recommend you revisit the "IBC 101" course as a refresher to the concept you are using this policy for.
In addition, We also recommend you take or retake the "Your Guide to Using Your Policy" Course to add some tools as you begin using this new policy.
With access to this All Things IBC Group, you also have access to the "IBC 201" course. We cover some practical uses of your policy including:
- How these IBC policies will create a future place of tax-free income and cash flow to you
- How to leverage your policy to purchase an asset. ex - real estate
- How to implement IBC to benefit your parents as well as future generations of your family.