I thought people might be interested in this application of IBC that I touched on in my introduction post. In December 2024, we received funds from our health sharing plan to be used to pay our midwife. It turns out, the funds were almost exactly what the annual premiums (base + PUA) are on my wife’s policy (renewal is in December). Well, I’m using rounded numbers here, we paid $5,000 in premium for an increase in over $4,500 in cash value. From there, we took a policy loan to pay the midwife, and this worked well because our monthly expenses were low. We were able to save money through loan repayments very quickly. What I mean to say is, we had a plan to pay it back, which is needed whether slow or fast. This isn’t the whole story though. The death benefit increased by something like $15,000, a guaranteed number from now on…without needing to prove insurability. Sometimes pregnancy can cause complications with getting insured. That paid up death benefit is now producing more dividends which are buying more PUA, so our $5,000 premium paid in December 2024 has been working for us every day since then, and will continue until the day we die.