Bob Murphy Responds to Dave Ramsey Calling IBC a Scam

Personal finance guru Dave Ramsey recently called IBC a scam on his popular show. Ramsey alleged that the dividends received from a mutual life insurance company were just deliberate overcharges to make the customer think he was earning a profit, even though it all came out of the customer’s own pocket. Bob sets the record straight.

Mentioned in the Episode and Other Links of Interest:
  • The YouTube version of this interview (recommended!)
  • The YouTube video where Dave Ramsey calls IBC a “scam.”
  • An Investopedia article explaining the history of cash-value life insurance and the Modified Endowment Contract (MEC) tax rules
  • Someone else’s YouTube video showcasing Dave’s dismissal of Peter Schiff as an “idiot” and “kook.”
  • The “Foundations of IBC” video series, put out by the Nelson Nash Institute.
  • The Case for IBC (authored by Nelson Nash, Carlos Lara, and Bob Murphy).
  • A listing of graduates of the IBC Practitioner Course.

For more information, see The Bob Murphy Show is also available on iTunes, Stitcher, Spotify, and via RSS.

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