R. Nelson Nash, the man behind the Infinite Banking Concept, was truly brilliant. Nelson Nash and his movement ‘Become Your Own Banker’ have remained popular through the years and have had a positive impact on the finance industry. Nelson Nash’s concept of utilizing a dividend-paying whole life insurance policy tends to dominate the Canadian whole life insurance industry. In fact, these policies represented an 88% share of the whole life policy industry in Canada in 2023.
So, if you’re interested in knowing the Nelson Nash, the man behind this financial movement, read ahead. We’ll get you acquainted with the life, journey, and work of Nelson Nash. Further, with IBC Financial at your aid, you can successfully grow and leave behind a wonderful, rich legacy.
Nelson Nash was one of the pioneer thinkers in personal finance. Nelson Nash is known best as the developer of the Infinite Banking Concept. As per the Nelson Nash Institute, Nash firmly believed in the foundation of ‘The Austrian School of Economics.’ Thus, his concept is rooted in Austrian Economics, where he values sound money, individual liberty, as well as limited intervention from the government.
IBC is an innovative approach whereby people create their own financing systems to reach financial independence through life policies to build personal wealth. Furthermore, he led a fulfilling life, wherein he achieved what he set out to do, especially in his last 20 years. Moreover, he loved sharing his immense wealth of knowledge to enrich people and help them create a legacy.
R. Nelson Nash was born on March 15, 1931. Nelson Nash was born in Georgia, and was raised in Athens, GA. He was born to his loving parents, the late Jewel Young Nash, Sr., and the late Sarah Annette Whittaker Nash.
As a result of his childhood in the rural South, he grew up to be self-sufficient in terms of money. His upbringing instilled in him pragmatic habits where money is concerned. Most importantly, his work for the banking industry was revolutionary.
He made terms like a cash value benefit and cash payout part of routine lives. With his IBC training, you can effectively leverage a whole life (specifically, a dividend-paying, participating policy) rather than a term life insurance policy for access to capital or cash flow. For more on this concept, contact IBC Financial now.
Nelson Nash died on March 27, 2019. Nelson Nash died from complications pertaining to a heart disease. As per Lawrence W. Reed, the President Emeritus of the Foundation for Economic Education (FEE), he passed away at the age of 88.
His funeral was held on March 30th, 2019, at the First Baptist Church of Birmingham, Alabama. He was a member of the church for 28 years. His legacy lives on through the Infinite Banking Concept and the Nelson Nash Institute.
Also, the work of the Nelson Nash Institute in regard to personal finance and wealth-building strategies has impacted many lives positively. Till today, the institute educates people on using life insurance companies as institutions for capital and borrowing. It’s made possible primarily through dividend-paying whole life policies as lenders of capital.
Nelson Nash’s educational background highlights that he graduated from the University of Georgia in 1952. Nelson Nash’s educational background surprisingly includes a degree in Forestry. As per Darius Britt, in his article titled, ‘Get to Know Nelson Nash – Father of Infinite Banking Concept’ for Wealth Nation, he completed his B.S. in Forestry and worked in the capacity of a Consulting Forester.
After working as a Forester till 1963, he entered the life insurance and banking function, which became his intellectual backbone. Quality time in the financial service area helped him to create his own vision concerning resource management and financial planning. If you, too, wish to attain financial freedom and plan your succession, do reach out to IBC Financial.
Nelson Nash’s military service includes his time in the United States Air Force. Nelson Nash’s military service was for a number of years as a pilot. As per Nelson Nash’s Obituary on the Nelson Nash Institute site, he served as an ariel photo interpreter from 1952-1954.
He has also worked as a fixed-wing pilot in the North Carolina Army National Guard during his years in the forestry department. This instilled in him a lot of discipline and strategic thinking. Later, he used his knowledge and experience in the development of analogies pertaining to financial freedom and environmental control.
You can familiarize yourself with these concepts as part of his teaching regarding IBC. At IBC Financial, we aim to help you grow your wealth and invest the right way with Infinite Banking resources.
The careers of Nelson Nash show how versatile he is. Nelson Nash’s careers range from forestry consultant to Life Insurance Agent, pilot, and more. As per David Lewis of NuWire Investor, in the article titled ‘What You Should Know About The Infinite Banking Concept, ‘Nash was also one of the most popular advocates for Infinite Banking.
Here is a summary of his major career changes:
His tenure in insurance afforded him the ability to understand and create the core of IBC through observation and innovation. He could truly grasp how insurance policies can be applied to personal and business finance.
Nelson Nash authored the book “Becoming Your Own Banker,” which he is probably best known for. This book, authored by Nelson Nash, was published in 2000 and explores IBC. According to Allstate Insurance in the article ‘What is the infinite banking life insurance concept?’, IBC is a useful strategy to build wealth and reduce third-party expenses.
Thus, his book remains a foundational text for those investigating alternative financial strategies through IBC. Nash’s second book, “Building Your Warehouse of Wealth,” explores more thoroughly the philosophies underlying IBC. It further elucidates the long-term benefits of being in control of one’s financial environment.
Nelson Nash is associated with various organizations in the banking function. Nelson Nash is associated with the organization, the Nelson Nash Institute, as the founder. As per Infinitebanking.org, it offers training to professionals engaged in a finance-related or banking role and to the general public.
Also, the educational organization teaches the principles of the Infinite Banking Concept as a form of cash course through the in person seminar. His infinite banking training program includes lengthy, hours-long seminars on a regular basis. The seminar circuit aims to help people take complete control of their finances through 4-hour-long events conducted live.
Even after the passing of Nash, the institute still trains financial professionals and people all over the world. It has gone a long way to ensure that Nash’s legacy in promoting financial literacy and independence continues to live on.
Nelson Nash received many awards during his career, though specific awards are not well documented. Nelson Nash’s awards include being inducted as a Hall of Fame Member after working with the Equitable Life Assurance Society as a Chartered Life Underwriter.
As per an article by Julia Kagan titled ‘Chartered Life Underwriter (CLU): Meaning, Qualifications’ in Investopedia, CLU is a gold-standard designation given to a life insurance or estate planning professional who demonstrates specialization. Here are his other awards and recognitions.
Nash spoke on subjects pertaining to succession planning. Nash also spoke on how people can use infinite banking concepts in their daily lives. According to Katia Lervasi’s article titled ‘Infinite Banking: Using Life Insurance as a Source of Liquidity‘ in NerdWallet, Infinite banking can enable you to sidestep the traditional banking system.
Nash’s seminars would often teach the importance of the following:
He was notably able to simplify complex concepts for easy understanding. In addition, he often used analogies with his experience in aviation and nature to explain IBC principles.
Nelson Nash was married to Mary Nash, with whom he shared a long and fulfilling partnership. Nelson had three children: Debby Nash Mathews, Dr. Barrington Nelson Nash, and Kimberly Nash Stearns. As per the NNI Leadership page, David Stearns, his son-in-law, has taken his legacy forward as the Co-director of the Nelson Nash Institute.
One of the most important things that Nash could provide in his teaching was in regard to family and legacy. He often framed financial strategies as ways to ensure stability and security for loved ones. His work primarily highlighted controlling financial environments to build a generational legacy.
Yes, Nelson Nash created the Infinite Banking Concept. The Infinite Banking Concept, his creation, provides insight into how a non-participating or dividend-paying whole life insurance policy could be used as a personal banking system. (While “non-participating” whole life policies exist, they generally do not pay dividends, so the typical IBC structure relies on “participating” coverage.) As per the Corporate Finance Institute, in the article ‘Infinite Banking—Becoming Your Own Banker,’ the cash surrender values of whole-life policies can act as collateral for loans.
For wealthy families, in particular, a family banking system may be more suitable than traditional commercial banking. It relies on the IBC and makes use of whole-life policies at its core.
Further, with the help of his IBC institute, he went on to inspire many Canadian families by imparting valuable lessons in finance. IBC Financial can help you leverage these concepts and grow your wealth smartly.
There is no feature film about Nelson Nash. Despite no feature films about Nash, his ideas and teachings are well-documented through webinars,his financial seminar DVD, and video interviews that have kept his revolutionary ideas alive.
The film ‘This Is Nelson Nash: The Creator of The Infinite Banking Concept’ created by the Nelson Nash Institute, includes his interviews and his story. It also brings to you the thoughts of legends like Robert Murphy, Carlos Lara, and David Stearns.
So, to become your own banker and master the Infinite Banking concept, get in touch with the experts at IBC Financial now.
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