"I'm Too Old (or Too Young) to Start"
IBC works at any age. Different starting points mean different strategies, but the principles are universal.
From Becoming Your Own Banker, Chapters 14–15
Younger people worry they can't afford the premiums. Older people worry they've waited too long. Both concerns are addressable.
For younger people, time is the advantage. Even a modestly funded policy started in your 20s or 30s has decades of compounding ahead. Lower insurance costs mean more premium goes to cash value and PUA capacity.
For older people, the strategy shifts but doesn't disappear. You may not have 30 years of compounding, but you likely have more capital to deploy now. Larger premiums build substantial cash value quickly. And the death benefit becomes increasingly valuable for estate planning.
Nash also emphasized insuring younger family members as a strategy for older practitioners. Grandparents can start policies on grandchildren, creating a banking system that compounds from infancy. The policy is controlled by the grandparent initially, then transferred when appropriate.
The worst time to start IBC was 20 years ago. The second worst time is tomorrow.