Privatized Banking Solutions

IBC policies are typically funded through a process called 'capitalization'. This can be achieved through various means, often by identifying and redirecting existing cash flow inefficiencies. Common funding sources include savings, bonuses, tax refunds, investments, windfalls, or funds allocated for specific purposes like holiday spending or repairs. The goal is to make your money work harder by giving it multiple uses. While each situation is unique, most people can find ways to fund their IBC policy by reassessing their current financial habits and redirecting underutilized funds.

It's natural to be skeptical about financial strategies that seem unusually beneficial. We encourage thorough research and understanding before committing to IBC. Start by reading Nelson Nash's book, 'Becoming Your Own Banker', and ask questions. IBC is a long-term strategy that requires careful consideration and agreement between partners. Our role is to educate and facilitate, not to sell. Remember, banking is as crucial to your financial life as your career, so it's worth taking the time to become proficient in both.

Life insurance companies, particularly mutual companies offering dividend-paying whole life policies, are designed to be financially stable and sustainable. Unlike market-linked products, these policies are not directly tied to market fluctuations. Insurance companies are strictly regulated and required to maintain substantial reserves, often 400-600% or more. They employ actuaries to accurately predict claims and manage risk, even accounting for catastrophic events. This conservative approach has allowed these companies to consistently pay dividends for over a century. It's worth comparing this level of financial stability to that of traditional banks, which typically maintain much lower reserves.

IBC can be an effective tool for funding college education. One significant advantage is that the cash value of a dividend-paying whole life insurance policy is typically not considered when applying for financial aid, potentially increasing eligibility for assistance. The policy can be used to finance education directly, or to quickly repay student loans after graduation. The graduate can then make repayments to the policy. This approach offers flexibility and potential financial benefits. There are various strategies families can employ using IBC for education funding, and we can explore options tailored to your specific situation.

While IBC offers many benefits, there are some important considerations. IBC can only be initiated with an individual in whom you have an insurable interest, such as yourself, a spouse, child, or business partner. The insured must be eligible for coverage when the policy is created, though future insurability is not guaranteed. Health conditions and age can affect the effectiveness of the contract. IBC requires discipline and the ability to delay gratification, as it's not intended for undisciplined spending. It's a strategy for creating savings and financing purposeful expenditures. Those who struggle with financial discipline may find IBC challenging. Ultimately, IBC is about controlling the direction of your money flow, which may not be suitable for everyone.

Privatized Banking Solutions provides financing strategies and customized whole life insurance policies, including business financial services, funding college, financing cars, generational legacy planning, reducing debt, and supplemental retirement planning.

Privatized Banking Solutions educates clients on IBC, which involves using dividend-paying whole life insurance policies as a cash storage and financing vehicle, providing control over your finances.

The office is open Monday through Friday from 8:00 AM to 5:00 PM and closed on Saturdays and Sundays. After-hours appointments are available by request.

Privatized Banking Solutions is located at 3440 Toringdon Way, Suite 205, Charlotte, NC 28277, USA.

You can contact them by phone at +1 704-251-0311 or +1 704-281-3388 (alternate). Email is carlerogers@gmail.com.

Yes, nearby real estate services include Tony MacDonald, Coldwell Banker Realtor; Coldwell Banker Carolinas: The Zann Hawkins Team; Listing with Veronica; and The Longleaf Group at eXp Realty. Customers in real estate may find it convenient to coordinate with these professionals along with financial services from Privatized Banking Solutions.

Nearby financial and insurance agencies include Ballantyne Wealth Management Group, Nationwide Insurance: Beach Insurance LLC, Brightway Insurance - The Charlie Bourgeois Agency, and Pro Financial Group.

Yes, the Law Office of Nancy L. Roberts, PLLC and Melone Hatley, PC Divorce Law Office are nearby and may complement Privatized Banking Solutions' legacy and estate planning services.

IBC is based on principles described in Nelson Nash's 2000 book 'Becoming Your Own Banker.' It uses dividend-paying whole life insurance policies from mutual companies that have a strong history of financial stability, paying dividends for over a century and being conservatively managed.

Yes, insurability is required for the individual on the policy; age and health impact eligibility and effectiveness. IBC requires discipline and is designed for insured persons with insurable interest such as self, spouse, child, or business partner.