In this open-floor session, clients and coaches answer the questions that come up once you start using your system (listed below), then share practical ways they’re putting IBC to work in everyday life. You’ll hear how members are smoothing out unpredictable bills, paying insurance annually instead of monthly, prepaying services at a discount, self-insuring an older vehicle, and building a family property that keeps rent within the family banking system. We close with an overview of Equitable’s Empathy bereavement program and why your beneficiaries should know about your policies.

Questions covered in this session:

Can I deduct the interest on a policy loan used for investing?
If a policy is owned through my business, is it disclosed to CRA as a corporate asset?
Can you take a policy loan to pay a premium, and should you?
How do you handle an unexpected cash expense when a policy loan takes a few days to arrive?
Do dividends buying paid-up additions use up my optional deposit (EDO) room?
How do I make the most of occasional lump sums when I can’t commit to a new policy?

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