208-297-3531

F.A.Q.

Q: What types of insurance do you offer?

A: We offer a full range of life and health insurance, but our focus is on dividend-paying whole life, cash-value insurance from the financially strongest mutual insurance companies that have been around for at least 100 years. We utilize these companies to help individuals, families, and small business owners escape the corrupt and inflationary banking system and take back control of the banking function in their lives, utilizing the Infinite Banking Concept that has been around for over 100 years, but formalized by R. Nelson Nash in the late 1980's. Our firm specializes in helping individuals develop sound retirement strategies. If you are retired – or approaching retirement – please take the time to explore our website and the wealth of information we offer.

Q: How much do I need to get started?

A: Each person's situation and needs are different. Our focus is not to get you to cut out expenses and lifestyle to save a few extra hundred dollars a month for insurance. Rather, our main focus is on redirecting what you are already doing with your money in a more efficient manner that will help you take back control of your money, lower your taxes and interest you pay to others, and increase your savings and lifestyle.

Q: How do we get started?

A: The best place to begin is by reading Becoming Your Own Banker by R. Nelson Nash and then contacting us to help you better understand the concept and how it might work for you, your family, and your business.We have a passion for excellence, offer uncommon service, and place great emphasis on accountability. For more information about our firm and the services we offer, send us a quick email or call the office. We would welcome the opportunity to speak with you.

Q: What is the Infinite Banking Concept?

A: The Infinite Banking Concept utilizes high cash value, dividend paying whole life insurance to create your own private family banking system to take back control of the banking function in your life and to help you recapture the interest you would otherwise pay to the bank.

Q: Why does whole life have such a bad reputation?

A: Whole life has received a bad reputation over the last 20 years due to the likes of the financial professionals and gurus out there that are only thinking about whole life purely from an insurance standpoint. We are creating a banking system that “utilizes” whole life for the chassis system that can mirror a bank. If someone has no insurance at all and is on a very tight budget and has a family to protect in the unfortunate untimely death, then yes, whole life does not make a lot of sense and inexpensive term life is the way to go.

Q: Is it better to buy term and invest the difference?

A: If someone is young and does not have the financial means to get started with the creation of their own private banking system and has dependents, then term would make the most sense. With that said, the financial professionals that believe in buying term and investing the difference do not understand or fail to mention two very important aspects. First and foremost, whole life or any cash value life insurance is not an “investment.” So, to compare the investment performance of the S&P 500 versus dividend paying whole life is not an accurate comparison. The infinite banking concept IS the best place to save and store and warehouse your money, until investment opportunities present themselves.

Second, if you subscribe to the buy term and invest the difference mentality then what you are saying is that it is more important to be covered with life insurance while I am young, and the chances of death are less than .001 percent. And then when you have saved and invested by the time you are now retired and your chances of death at some point is 100%, you no longer need life insurance. This is completely backwards and counter to the infinite banking concept that is designed to give you more cash value early and more death benefit later.

Q: Isn’t the stock market a better long term investment than whole life?

A: Yes, however that is the wrong question to ask. Cash value whole life is not an investment, nor a get rich quick scheme. It is the safest and best place to store your safe, liquid money. This should be compared and an alternative to your cash, checking, savings, CDs, bonds and fixed income. This can also be used to borrow against your cash value, to invest in the stock market so that your cash value in your whole life policy continues to grow and compound, WHILE your money grows more volatile in the stock market or other asset classes.

Q: Don’t insurance agents only sell whole life because of the bigger commissions?

A: While this may be true for a conventional whole life policy that does not build any cash value until the much later years, us agents that are specially trained and qualified for the Infinite Banking Concept restructure the whole life policy by adding cash value riders called a “paid up additions rider” and put less towards the base premium to help overfund a policy and get a banking system started. We actually take a much smaller commission than a typical agent putting someone into a traditional whole life policy. This is because we firmly believe in this concept as the best place to save and store your safe money.

Q: Is it taxable?

A: While there may be certain circumstances where life insurance can become taxable, a modified endowment contract (MEC), for the most part, the way we structure and utilize the Infinite Banking Concept, this would not be taxable. (please note that while we are knowledgeable of this concept and tax code, we are not a licensed CPA and would recommend you speak with your CPA for your specific situation).

Q: Is it safe?

A: While there is always risk in every vehicle you can put your money (cash in home can be stolen or burn down, banks can fail, investments can lose money). We do believe that this concept and the companies that we utilized for this concept are only the financially strongest mutual life companies that have been around and paid a dividend for at least the past 100 years and have stood the test of time and every black swan event of the past 100+ years. We believe this is the safest and best place to store wealth.

Q: I thought cash value life insurance takes many years to build cash value and they have high surrender charges.

A: While most cash value insurance such as universal life, variable life, annuities, fixed indexed annuites do take years to build cash value and have surrender charges, whole life does not. Yes this is still a life insurance vehicle that has a death benefit, therefore does have a cost of insurance, there are not surrender charges and the way that we design these policies for this concept typically have significant cash value from day one, that you have access to right away.

Q: How long has this been around?

A: Whole Life Insurance has been around since the 1500s during the renaissance in Europe. In the United States it has existed since the mid-1800's and had stood the test of time as the safest and best place to safe and store your money, utilized by the likes of JP Morgan, Andrew Carnegie, Nelson Rockefeller, Walt Disney, JC Penny, to name a few.

Contact Us

Office: (208) 297-3531

Fax: (805) 484-4500

info@lupuinsurance.com

2976 E State St.
Suite 120-117
Eagle, ID 83616

Mon-Thu: 9:00 AM – 5:00 PM
Fri: 9:00 AM – 3:00 PM

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. We take protecting your data and privacy very seriously.

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