(This calf was born on Rosh Hashanah, September 25, 2014, the first day of the current Shemitah Year.
This photo has not been photoshopped.)
The Infinite Banking Concept (IBC) is a strategy or process whereby we can use our dividend paying whole life insurance policy, issued by a reputable mutual insurance company, as our own bank or storehouse of wealth. Its wisdom can be seen in the Biblical story of Joseph.
Pharaoh, troubled by his dreams, seeks the interpretation from magicians and wise men in Egypt, but none can help. After Pharaoh’s cupbearer tells him of a young, imprisoned Hebrew who interprets dreams, Pharaoh sends for Joseph.
“I was standing on the bank of the Nile,” Pharaoh begins, “when out of the river there came up seven cows, fat and sleek, and they grazed among the reeds. After them, seven other cows came up—scrawny and very ugly and lean ... The lean, ugly cows ate up the seven fat cows that came up first. But even after they ate them ... they looked just as ugly as before. Then I woke up” (Genesis 41:17-21).
“In my (second) dream I saw seven heads of grain, full and good, growing on a single stalk. After them, seven other heads sprouted—withered and thin and scorched by the east wind. The thin heads of grain swallowed up the seven good heads” (Genesis 41:22-24). Pharaoh asks Joseph if he can interpret these dreams.
Joseph tells Pharaoh that he cannot interpret the dreams, but “God will give Pharaoh the answer he desires.” Joseph tells Pharaoh that the two dreams have the same meaning. The seven good cows and seven good heads of grain are seven years of plenty. The seven lean, ugly cows and the seven worthless heads of grain scorched by the east wind that came up afterward are seven years of famine (Genesis 41:25-27).
Joseph explained the meaning: the seven years of great abundance are coming throughout the land, but seven years of famine will follow them. All the abundance will not be remembered because the following famine will be so severe. The reason the dreams came in two forms is that the matter has been firmly decided by God, and God will do it soon (Genesis 41:29-32).
Joseph tells Pharaoh to look for a discerning and wise man and put him in charge of the land of Egypt. Let Pharaoh then appoint commissioners over the land to take a fifth of the harvest of Egypt during the seven years of abundance. They should collect all the food of these good years that are coming and store up the grain under the authority of Pharaoh, to be kept in the cities for food. This food should be held in reserve for the country, to be used during the seven years of famine that will come upon Egypt, so that the country may not be ruined by the famine” (Genesis 41:33-36).
Life is a survival strategy. God not only forewarns, but He gives Joseph (and us) a plan that will carry Egypt (and us) through this upcoming catastrophic event.