Infinite Banking for Medical Practice
IBC for Physician Business Owners
Infinite banking for physcian business owners and medical professionals. Learn how doctors can use the Infinite Banking Concept (IBC) in their medical practice in this free, IBC Video Case Study.
In this IBC webinar, recorded live, we interview a client who shares his story of how he has used Infinite Banking in his personal and professional life. Dr Erik Nilssen, Orthopaedic Surgeon, decided to use his Whole Life Insurance policy to fund his company’s expansion without having to involve any banks. Since learning about the Infinite Banking Concept®, Dr Nilssen, has used his Permanent Life Insurance as his primary wealth building strategy.
Infinite Banking for Doctors – Using IBC for Equipment Financing
- No Bank Qualifying
- Access to Capital on Your Terms
- Business Expansion and Growth
- Increase Protection and Minimize Risk
- Tax Benefits
As a business owner, you may have experienced that bank qualifying or simply getting a bank loan isn’t that easy, especially in the beginning. Infinite Banking allows you to become your own banker and never have to depend on banks for money.
You can think of IBC as a private line of credit, but you don’t have to qualify once your systems is established. And, you don’t lose the interest you pay… You can recover it through the banking process with significant tax advantages.
Benefits of Using Infinite Banking Concept (IBC) for Business Owners
- Liquidity and Flexibility
- Access to Capital
- Finance Business Equipment
- Increase Security and Minimize Risk
- Increase Cash-Flow
- Increase Tax Efficiency
An Infinite Banking (IBC) arrangement using life insurance can allow a business to reward key employees.
An IBC Program for Employees within a Medical Business
- Retention of key employees
- Creation of a source for retirement income
- Protection through a death benefit
- Simplified accounting
Business owners appreciate the importance of cash-flow. Additional staff and payroll requirements may increase expenses, so having access to capital is key.
IBC for Key Employees
The business owner can choose who will own the IBC contract in this situation, perhaps restricting the employee’s ability to use the cash-value through a trial period.
Addditional Business Planning
A buy-sell agreement is one way to help ensure the continuation of your business, guarantee a buyer and help make sure your family is taken care of financially.
Where the appropriate plan of action would be to sell the business interest, establishing a formal plan for the sale of your business may be one of the most important actions you ever take with respect to your business.
Learn More about Becoming Your Own Banker
The Infinite Banking Concept™ as outlined in the bestselling book, Becoming Your Own Banker™.
To learn more about IBC business strategies and how they can help your medical practice succeed, contact us for a meeting.