12 Step Quick Start Guide For Infinite Bankers

(0:00 – 2:22 ) Things to do within 30 minutes of getting your policy. (Steps 1–7)

• Set up online banking and bill pay
• Create login for life insurance portal
• Send a void cheque for direct deposit of loans
• Set reminders around policy anniversary dates
• Track your paid-up additions (PUAs)
• Log in to the Ascendant Membership Portal
• Use a goal-based approach to funding your premiums

(2:22 – 3:47 ) Practice Taking a Policy Loan (Step 8)

• Even if you don’t need a loan, take one early for the experience
• Helps build confidence and understanding
• Practice full repayment if funds aren’t needed

(4:45 – 7:45) Use the Client Portal (Step 12)

• Explore the “Getting Started” section
• Learn how to track values, take loans, and understand guaranteed growth
• Commit 3–5 hours/month to learning in your first 90 days

(10:14 – 12:53) Common Mistakes & Critical Habits

• Always include policy number in email subject lines
• Be clear about actions: loan, repayment, premium, etc.
• Repay loans promptly to avoid compounding problems
• Avoid automatic premium loans through proactive communication

(15:48 – 18:18) Annual Commitments & Learning

• Subscribe to Banker’s Vault & Wealth Without Bay Street Podcast
• Watch Episode 100 on taxation of policy loans annually
• Re-read key pages (3–50) of Becoming Your Own Banker

(18:18 – End) Common Pitfalls to Avoid

• Don’t call your policy an “Infinite Banking Policy”
• Don’t borrow without a clear plan to repay
• Don’t miss flexible premium (Edo) deadlines — unused room is lost
• Don’t let loan balances go unmanaged
• Don’t remove all available loan capacity — leave liquidity for emergencies