economics Archives - Legacy Insurance Agency https://legacyinsuranceagency.com/tag/economics/ Protect, Plan and Prosper Thu, 14 Aug 2025 21:06:30 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://legacyinsuranceagency.com/wp-content/uploads/2015/04/Legacy-LifetimeBank-400-e1453402663782-100x100.jpg economics Archives - Legacy Insurance Agency https://legacyinsuranceagency.com/tag/economics/ 32 32 An Introduction to the Infinite Banking Concept https://legacyinsuranceagency.com/an-introduction-to-the-infinite-banking-concept/ https://legacyinsuranceagency.com/an-introduction-to-the-infinite-banking-concept/#comments Wed, 24 Aug 2022 18:24:09 +0000 https://legacyinsuranceagency.com/?p=5961 An Introduction to the Infinite Banking Concept Originally published by: Robert P. Murphy The Infinite Banking Concept (IBC) allows households and businesses to become financially independent by “becoming their own bankers.” R. Nelson Nash discovered IBC in the early 1980s, as he was struggling with high interest rates on loans he had taken out from commercial banks. As he contemplated the financial mess he’d created for himself, Nash had an epiphany: He realized he could fund Whole Life insurance policies in order to create his own set of “banks,” which would serve as a repository for his savings and allow him access to cash when

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]]> https://legacyinsuranceagency.com/an-introduction-to-the-infinite-banking-concept/feed/ 1 Freedom of Choice https://legacyinsuranceagency.com/freedom-of-choice/ Wed, 27 May 2020 00:09:39 +0000 https://legacyinsuranceagency.com/?p=4813 Economic Freedom? The American Medical Association’s House of Delegates proclaimed and reaffirmed the belief that the "free choice of physician is the right of every individual" and that such freedom of choice.

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