Farming Without the Bank Podcast

Podcast

CONTINUE LEARNING
FROM WHEREVER YOU ARE

We have a 103 year-old banking problem in the farming industry, and most farmers have become complacent about it. We talk about this problem and how it’s affecting farmers by allowing the bank to have control of the farm and use farmers’ livelihood as collateral. You may never get rid of the bank completely, but you can sure try. The bank should be plan B, not plan A, and you can make that happen. This takes time, but you have to get started. Listen to hear how this banking problem began and what the solution is.

Recent Episodes

Farming Without the Bank Podcast

Welcome to the Farming Without the Bank podcast, the show with a no-B.S. approach to money, hosted by a farm strategy expert and authorized IBC practitioner.

Join us as we get real and expose the flaws of traditional financial institutions in order to help farmers take control of their finances, create peace of mind, grow their wealth, and leave a legacy.

https://www.farmingwithoutthebank.com/

Are you wondering if your life insurance policy will actually be there when your family needs it? Mary Jo Irmen walks through multiple real-life life insurance policy review illustrations showing exactly how flexible premium universal life, variable universal life (VUL), and adjustable universal life policies perform over time — and why so many of them collapse before you’re likely to die, leaving your family with no death benefit and no cash value.

What you’ll learn in this episode:

What an in-force illustration is and how to request one from your carrier
Why universal life policies often reach zero cash value before the insured’s death — leaving families with NO death benefit
Real example: $82,000 paid into a policy → zero payout at death
How a VUL policy on a 38-year-old lapses completely by age 79
The difference between “current charges” and “max charges” — and why it matters for your life insurance policy lapse risk
Why whole life insurance (with paid-up additions rider) is the superior alternative for farm estate planning and farm succession planning
How whole life insurance cash value grows predictably compared to universal life
Why IUL (indexed universal life) and variable universal life insurance carry hidden risks most agents don’t explain
What to ask your agent when you get your in-force illustration
How whole life insurance for farmers fits into a financial planning and infinite banking strategy

📋 Get your in-force illustration and email it to Mary Jo before your appointment — MaryJo@withoutthebank.com📗 Get the books: 👉 Life Without the Bank + Nelson Nash’s Infinite Banking book bundle: withoutthebank.com

Chapters: 00:00 Policy Collapses Shock 00:46 Podcast Intro and Goal 01:35 How to Read In Force 03:27 Flexible Premium UL Example 07:02 VUL Charges and Lapse 13:18 VUL Falls Apart at 70 17:17 Adjustable UL Lapses at 87 19:11 90 Year Old Policy Runs Out 20:39 Why This Keeps Happening 24:36 Wrap Up and Next Steps