E82 - How to Get an IBC Policy: The Walkthrough of Our Process

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You've been listening to the podcast. You've read Nelson Nash. You're sold on IBC. But now what? What actually happens when you reach out to an agency like Remnant Finance?

This episode is a behind-the-scenes look at our entire process—from the first intro call to policy delivery and years of ongoing service. We break down the three things you should look for in an advisor (and why only two of them are actually required), explain why we start underwriting before we've finalized your policy design, and get honest about what kind of client we work best with.

We also talk about what separates good IBC practitioners from agents who just have a license and a pitch. Spoiler: most people selling life insurance know less about it than you will after a few calls with us. That's not arrogance—our own company reps have told us that.

If you're evaluating whether to work with us or someone else, this episode gives you the full picture of what we do, how we do it, and why we do it that way.

Chapters:

• 00:00 – Opening segment

• 03:25 – The problem with "I can do IBC" advisors at big firms

• 06:30 – The three credentials: license, company contract, NNI certification

• 08:35 – Why getting a life license is dangerously easy

• 09:45 – Company selection: mutual companies and what makes them IBC-ready

• 10:45 – Captive vs. independent agents

• 13:05 – Why we work with two primary carriers

• 21:05 – What NNI certification actually involves

• 23:45 – Why insurance companies love NNI business (persistency)

• 28:05 – Our process starts: the intro call

• 31:00 – When IBC isn't the right fit (yet)

• 33:00 – Why we filter for worldview—and why that's actually good for you

• 36:45 – "If you have to drag them in, you'll have to drag them around"

• 37:15 – The intake form and application process

• 38:25 – Why we apply for more coverage than you might need

• 43:50 – How underwriting requirements work (the flow chart)

• 47:25 – Strategy calls while underwriting happens in the background

• 52:15 – Policy review: Loom walkthrough vs. live Zoom call

• 55:00 – Policy in force—now what?

• 56:45 – The range of ongoing service: hands-off to hands-on

• 59:00 – There's no industry requirement for ongoing service—ask your agent

• 1:04:45 – Closing thoughts and how to book a call

Key Takeaways:

• A license is just the first step. Getting a life license is easy—memorize a study guide, pay a fee, pass a test. It doesn't mean someone knows how to structure a policy for IBC.

• Company selection is critical. Only about 10-12 mutual companies can write policies the way Nelson Nash taught. Your agent needs a contract with one of them—and ideally understands the differences between them.

• Captive agents are limited. If your advisor works for a single company (like Northwestern Mutual), they can only offer that company's products. Independent brokers can match you with the carrier that fits your situation.

• NNI certification isn't required, but it matters. It's not a legal requirement to sell IBC-style policies, but it signals that an advisor has gone through specific training in Nelson Nash's methodology and stays connected to ongoing education.

• We start underwriting early—on purpose. The application process takes 4-6+ weeks. We submit it before finalizing your policy structure so the company is waiting on us, not the other way around. Think of it like a mortgage pre-approval.

• Education happens throughout. Expect 2-4+ calls before your policy is even issued. We want you to understand what you're buying, how it works, and how to use it. This should be the asset you understand the most.

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