Entries by maryjoirmen

Elder Care Planning Q & A With Long Term Care Expert [VIDEO]

Don Quante, author of "Don't Go Broke in the Nursing Home" and veteran financial planner joins Mary Jo Irmen to share information about long term care planning and elder care. 

Below are timestamps to help you quickly find the answers you are looking for. 

2:44 - Average Cost of Nursing Home Care as of 2018
3:30 - How Can I stay out of the Nursing Home?
6:00 - No Plan in place for aging parents? Where to start.
7:19 - Mary Jo's biggest Ah-ha moment from Don't Go Broke in the Nursing Home book.
7:30 - Is LTC policy a farm expense?
9:05 - What options do Veterans have?
12:00 - What if you don't use the LTC benefit from a policy? What happens?
12:38 - What are the best companies fro Long Term Care policies?
15:00 - Young Farmer Options and why Long Term Care is important for young farmers.
16:55 - What the Pension Protection Act allows farm families to do.
18:40 - Options and Differences between "Old Fashioned" and "New" Long Term Care policies.
20:40 - What age is best to start a Long Term Care Policy?

How to Choose Long Term Care and Plan for Elder Care  Seminar with Don Quante

Don't go broke in the Nursing Home and find out what options - mostly unknown options - are available for you and your farm family operation.

Get answers on when to prepare, how to prepare and who to trust with the most important asset that you have.

Get Instant Access. Purchase Now.

More Resources To Help Secure The Farm

Small, Urban and Organic Farmers Benefit from Farming Without The Bank Strategy

In a 2015, urban farmers produced 20% of the world's produce and another article claimed that nearly 50% of the inner city produce served was being provided by urban farmers. 

Urban and organic farmers are finding that the bank's lending institution collateral criteria makes it impossible to get a bank loan for the project. 

My mentor Nelson Nash always says, “banking” is an exercise in imagination, reason, and logic and he is so right.

Many people will read Farming Without The Bank or pass it by because they think it’s just for large-operation traditional farmers.

This is not the case, the process I write about in Farming Without the Bank is for anyone who uses money. Now I’m guessing that is you.

If you have done any of the following things - this book is for you:

          ✔ You purchased fuel

          ✔ You bought something as small as a pop

           ✔ You purchased something as large as a tractor

It’s for ALL who use money. It’s simple, but it is not easy.

Imagination is the hardest part of this whole concept.

I have a client who is a small farmer and he is using this Farming without the Bank system for his small vegetable operation. This is not just for large traditional farm/ranch operations. 

ALL farmers (large or small) need money! That part of farming does not discriminate. This means the Farming Without The Bank strategy works for organic farmers, urban farmers, goat farmers, start-up farmers, taking-over-the-farm farmers, and everything in between.

Urban and organic farmers are out there creating an exciting shift in agriculture! If you’re like most farmers, you know the struggle to get funding from the banks. Most of you are working full time jobs and farming on the side. Heck, I have some small farmers who are using credit cards as operating lines of credits (the highest loan interest percentage) or cashing out 401k’s to start the farm. 

Sound familiar?

As an entrepreneur, it doesn’t matter the industry, you are being creative to get started because you have to be. I want to let you in on a little secret you should thank the bank for saying “No.” Because they said no, they are forcing you to be creative which allows you to avoid the rut of traditional financing. That rut can get deep and takes your livelihood.

The struggle is real, no matter the size. We all are working the same industry that is based off commodity prices. Just one more reason it is important - critical to the future of your business - to be smart about how the money is handled and how cash flow is managed regardless of your size.

So please, if you are an urban, organic, or new farmer keep an open mind and seek information on the Farming Without The Bank strategy. If you do, you’ll have the opportunity at a better start than those who inherited the broken thought process of debt.

Purchase the book Farming Without the Bank now and find out how this can help you. If you do have an off the farm job and are contributing to the 401k or IRA’s you may want to consider Wealth Without the Bank or Wall Street too. Both books are easy to read and teach you the basics of the concept, but Wealth Without The Bank or Wall Street will give examples of investments rather than farming.

Happy reading and I look forward to hearing your stories. 

Mary Jo

Seeing is Believing – Caution: Undeniable Proof That You Can Farm Without The Bank is in Here

“It’s a Scam!”

“Does it really work?”
“She’s hiding something, there has to be a catch.”

“If it was so good everyone would be doing it.”

“Everyone knows whole life is bad.”

This list could go on...

If you didn’t say it yourself, you may have heard someone else say it when you told them about Farming Without The Bank. It’s human nature to believe things are too good to be true.

Farming Without The Bank is a system based off the Infinite Banking concept that I believe in passionately! But it IS a mindset shift. That makes it difficult to believe in for people who don’t like change. People who say things like, “Well, that’s the way we’ve done it for 100 years…”

I don’t want you to be stuck in a 100-year-old system.

I want to help you take control of your farm’s financial operations using the most up-to-date strategies available and have liquidity, control, and guarantees with your money.

When you talk to folks about these new strategies and get negative feedback, consider the source. Is the person knocking whole life insurance a licensed insurance agent?

Is he knowledgeable about the insurance industry?

In most cases they are not, they are basing their judgments on hear say not facts..Do you need facts? I had a client ask 14 people about it and they all told him he was being lied to. It doesn’t work.

Then he asked his banker. His banker told him he’d be silly NOT to buy it. The banker could see the value with open eyes rather than preconceived notions others put in her head.

Let's take a look at 3 Examples.

In the first one you’ll see the illustration given to the client when they policy was purchased. Each example includes an inforce illustration, which is an updated illustration showing actual numbers today based on what the client paid since the inception of the policy.

The illustration is an important tool for projecting what will happen to the policy. We can compare the projection to what is actually happening today, by looking at an inforce illustration. Is the growth what they expected?

Inforce illustrations are a great way to show you that dividend paying whole life does what the company and I say it will do.

A couple of things to note when learning from these examples:

1. All premiums were paid as projected.

2. LOANS were TAKEN!

​3. Some loans have been paid back and some have not.

4. All policies are going into their 7th year.

If you’ve read my books or heard me speak, you’ve heard me say, “Loans do not affect your cash value growth because you borrow AGAINST it,” Now you can see it.


In the first example, a premium of $6,400/year has being paid. The guaranteed seven-year cash value projection is $9,031+$29,727=$38,758.

The Non-Guaranteed seven-year cash value projection is $43,111

Right below that is the inforce illustration from the day I wrote this blog post. Line one represents year seven - - today.

The Guaranteed side shows a cash value of: $11,602 +$29,727= $41,329

The Non-Guaranteed side shows a cash value of: $42,219

​Wow! The company is off a mere $1,100 on the non guaranteed side but up by $2,571 on the guaranteed side.


Why is the guaranteed side so much higher?

Because the guaranteed side is showing the projected value if dividends are not paid. However, that has not happened in 140 years. Dividends have been paid for over 140 years. Once dividends are paid to the non-guaranteed side, that dividend is “assumed” and moved over to the guaranteed, increasing the value.


The Guaranteed seven-year cash value projection is: $50,708 + $4,150 = $54,858.

The Non-Guaranteed seven-year cash value projection is: $62,576.

You may have noticed the low cash value in the early years of this policy. That is not typical, but due to health ratings for this client we had to put most of the money toward the death benefit. However, you can see the cash value still grows at a good rate and is very close to what was projected.

Shown below is the inforce illustration.
Line one represents year seven - today.

The Guaranteed side shows a cash value of: $55,617 + $4,150 = $59,767.

The Non-Guaranteed side shows a cash value of: $61,052.



The Guaranteed seven-year cash value projection is: $16,468 + $45,213= $61,681.

The Non-Guaranteed seven-year cash value projection is: $67,169.

The inforce illustration was saved on the day I wrote this blog post.
Line one represents year seven - today.

The Guaranteed side shows a cash value of: $19,660 +$45,213= $64,873.

Non-Guaranteed side shows a cash value of: $66,395.


After seeing these three examples you may be asking, why is the guaranteed side so much higher than projected? As stated above, the guaranteed side is showing the worst case scenario--a dividend never being paid. However, dividends ARE paid, increase the value, and once paid they are assumed and will not be taken away!

What is the big takeaway here?


If you put money into a tool that projects future cash value nearly exactly while leaving money LIQUID  without giving up CONTROL and with GUARANTEED cash values higher than they expected, this strategy cannot be denied! 

In each real-life example the policy owners took loans from the policy to do other things: buy a vacation home, take a long vacation, and buy equipment for their business.

It doesn’t matter what it’s used for! After all, the policy owner is in control!

Looking back at older policies confirms that even the market crash of 2009 did not harm the policy performance.

Traditional money management cannot do what we do here: offer liquidity, control, and guarantees along with discounted dollars to leave to your family upon your death. If you have land, there is no guarantee that land value will increase. You have to sell it to have the liquidity. (don’t forget to take off the fees for realtors and such).

If you have an investment such as an IRA there are NO guarantees or liquidity. Borrowing against an IRA affects the growth of your IRA. In addition, your IRA is not even worth what it shows on paper. You will pay taxes and/or penalties for withdrawal and lose the growth from the money that was removed.

Moral of the story: the next time someone suggests to you whole life insurance is a bad tool ask them to show you the proof of their money growth with liquidity, control, and guarantees.

Remember, if you’ve read my book - you are more of an expert on the matter than most “professionals” out there.  If you have read the book, t's time for us to meet. Message us on Facebook for the link to schedule. 

If you have NOT read the book, I hope this article clarifies a few of the details. The book will explain more about the strategy and our FREE 1-hour consultation will define the details and how this strategy would work in your operation. So - What are you waiting for?

As always, I appreciate your comments or questions!

Mary Jo

Mary Jo is proud to be a Certified Infinite Banking Practitioner helping family farms keep more of the profits, create financial systems, and bring financial clarity to an uncertain industry though correctly structured whole life insurance policies. 

Need More Information? Use these books and learn what tool can take away the worry.


Your content here...

Enter your text here...