Insurance Industry

In 2012 on the IBC project, Nicholas was introduced to a gentleman working in the Insurance industry promoting the Infinite Banking Concept, where they would teach people how to essentially turn a specially designed permanent life insurance policy into a bank (pool of money) for use by the policy owner. After the gentleman’s presentation, the presenter offered to do an analysis to show a potential client how the concept would work for them personally. Nicholas found out that a series of spreadsheets were used and the process took about 3 to 5 hours minimum to generate the report.

      • Nicholas worked with this gentleman to learn the intricacies of the process and generated the intake forms and algorithms to generate the resulting 8 year analysis and delivered the first online analysis in just 2 weeks. Taking the process from 3 to 5 hours to under 15 minutes. If a parameter changed, rework to the spreadsheets took a minimum of another 2 hours, with the myDREAMwareTM system, it could be done in less than 30 seconds and in real time.

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