Well, I went to the seminar last night.
3 hours! It was interesting. He talked about his company's flavor of the infinite banking concept. Sort of a hybrid of Nash, Doug Andrews (Missed Fortune) and others.
The first 2 hours where the setup to the wonderful tool to get all this tax free wealth for me and my family. In the end, he was pitching EIUL from a company called Amerus.
I found it interesting that not once, but twice, he stated how he wasn't in this for some big commission like some other agents at big insurance companies who want to sell you a large death benefit. Ironically, the founder of his company has a unique name so googling was a breeze. The founder has a recruiting page to let agents know that they can make $15k plus per sale.
The presenter did give an analogy, that I also heard in the Crum audio that I listened too. It was about a farmer getting taxed on his seed or his harvest and how much better it is to get taxed on the seed. I think that makes a great argument for a Roth IRA, IMHO.
The seminar talked about phase one of the plan which is the insurance vehicle. They also have a phase two that will supercharge my returns, but due to SEC rules, he couldn't talk about it in public, but he would be happy to discuss it in a free no obligation meeting. Again Google to the rescue. They appear to have an investment club (4 actually) where the founder brings them investments to vote on for the group. I listened to a call and they are investing in diamonds, RE in Mexico, and lots of other stuff. I wonder what the admission price is to those groups?
It was an interesting evening. I can't wait for the follow-up sales call. Any fun questions I should ask?
Thanks,
Mark