Hey all, I've been around for the past couple months but haven't introduced myself. I am 29 years old, married with our first child on the way. I serve as an Infantry Officer in the Canadian Army out of Edmonton, Alberta. I started my IBC journey when my dad gifted me BYOB for Christmas and wouldn't stop pestering me to read it (despite my dad having not even started doing IBC at this point). I then read it out of spite to be able to shut him down about it but I read it in one sitting, I laboured (yeah we spell words with extra Us in them) over the content trying to figure it out. Booked a call with an IBC practitioner, asked him a million questions I had written in the back of the book and eventually opened up policies on my wife and I. I did all this before my dad engaged with an advisor and now I'm almost half a year ahead of him. I wanted to prove him wrong and now I am pestering him about making sure he gets all his PUA in before the end of the year! This all started about a year and a half ago. As of this month I have started another policy which i consider my first "big boy policy" and will start another on our child. Glad to be apart of groups like this. I think Rebekah's map should be expanding a few parallels North now...

Hi all — I wanted to share a tool I've been working on for a while to help me manage my IBC strategy. I built it for myself first. I'm hoping for feedback so I can make it useful for others too — the goal is to make IBC more transparent. Take a look at https://ibctool.app It keeps your policies in one place: cash value, loans, and what you can still borrow. Envelope-style budgeting of your cash value so you can earmark money for a car, a property, reserves, etc. without actually pulling it out of the policy. It also helps you run the PUA ↔ loan cycle for recurring expenses (Nash's new car example): borrow against a category, repay from redirected PUA, refill when the loan is gone, borrow again. And it keeps an eye on the usual policy nuances and footguns — interest about to capitalize, PUA room you're behind on, a rider close to lapsing, that kind of thing. Its currently free to use and I'm looking for feedback, so hop on and let me know what you think. Feel free to post any questions you may have here.

Hello I'm new here guys 🤗 ☺️

How were you introduced to IBC? What got you started? How many introductions did it take before you "caught" it?

I’m curious, who creates a promissory note and a payment schedule for each policy loan they take… and who just maintains a habit of paying policy loans back?