Terms of Service
These Terms of Service (the "Terms") govern your use of IBC Tool, a budgeting and tracking tool for whole-life insurance policies operated by StarKiln Ventures LLC ("we," "us"). By creating an account or using the service, you agree to these Terms and to our Privacy Policy. If you don't agree, don't use the service.
1. What IBC Tool is — and isn't
IBC Tool helps you record the state of your whole-life insurance policies, track loans against them, allocate available loan amount across budget categories, and route monthly contributions to Paid-Up Additions or loan repayment. It is a tool. It is not a financial advisor.
Nothing in IBC Tool is financial, insurance, tax, or legal advice. Our content, our calculations, and our suggested allocations are educational and informational. Decisions about your policies, your loans, your taxes, and your finances are yours to make in consultation with a qualified professional who knows your situation. Where IBC Tool projects a number — available loan amount, dividend impact, payoff date, anything else — that number is a model, not a promise. Carriers, illustrations, and your own circumstances are the authoritative source for what your policy will actually do.
2. Eligibility
You may use IBC Tool if you:
- Are at least 18 years old.
- Have the authority to manage data about the policies you enter — your own policies, or policies you hold a power of attorney or fiduciary role over.
- Are not barred from using the service under applicable law.
3. Your account
You are responsible for keeping your login credentials confidential and for everything that happens under your account. Tell us promptly if you suspect unauthorized access. Provide accurate information when you register, and keep it accurate. One person, one account; do not share an account between people.
4. Acceptable use
You agree not to:
- Use the service to manage policies you don't have authority to manage.
- Scrape, mass-export, or systematically harvest data from the service.
- Probe, attack, reverse-engineer, or interfere with the service or any related infrastructure.
- Use the service to upload or distribute malware, illegal content, or content you don't have the right to upload.
- Resell, white-label, or expose the service to your own customers without a separate written agreement.
5. Your content
You keep ownership of the policy data, snapshots, loans, budgets, and documents you upload ("your content"). You grant us a non-exclusive, worldwide, royalty-free license to host, store, display, transmit, and process your content as needed to run the service for you, to keep it secure, to back it up, and to fix problems you ask us to fix. The license ends when you delete the content or close your account, except where we are required to keep something to comply with the law or our backup retention rolls forward as described in our Data Retention Policy.
6. Third-party services
IBC Tool can connect to outside financial-data and budgeting services when you opt in. Your use of those services is governed by their own terms and privacy policies. We are not responsible for the behavior of third-party services or for outages, errors, or data loss originating with them. If a third-party service changes the way it works in a way that breaks an integration, we will do our best to keep the service useful but we don't guarantee continuity of any specific integration.
When you connect YNAB and start the sync for a policy, you authorize IBC Tool to set category targets, create categories you ask for, create, update, and delete the scheduled transactions it keeps for your policies and loans in YNAB, and create, change, and delete the transactions of the one-time paid-up additions contributions you record, as the app describes. The amounts come from the policy data you enter and the changes you mark done. You remain responsible for your budget and for checking that a scheduled transaction matches what your insurance company charges.
7. Fees and billing
IBC Tool is a paid service. There is one plan, and there is no free tier. You choose a monthly billing period or an annual billing period. Annual is the default.
- Monthly. $19, billed every month.
- Annual. $180, billed once each year. That is $15 for each month of the year, and 21% less than twelve charges of $19.
A new account includes a 30-day trial. The trial starts when the account is live. We do not ask for a card to start the trial, and the trial does not charge you.
You subscribe by choosing a plan and giving a card to our payment processor. If the trial is still running, the first charge is on the day the trial ends. If the trial has ended, the first charge is on the day you subscribe. After that first charge, the plan renews as described below.
Each plan renews automatically until you cancel. The monthly plan renews every month at $19. The annual plan renews every year at $180. The charge goes to the card you give our payment processor. We do not store your card number. See our Privacy Policy.
Cancel before the next charge, and that charge does not happen. Email concierge@ibctool.app to cancel. When Settings shows Billing, you can cancel there too. When you cancel, you keep access through the end of the paid period. We do not give a partial refund for the unused days in a period.
Refunds
- Annual charge. We refund the full charge if you ask within 14 days of that charge. This includes a renewal charge.
- Monthly charge. We do not refund a monthly charge.
- There is no partial refund when you cancel in the middle of a paid period.
Notices
- Before an annual renewal, we email you at least 15 days and not more than 45 days before the renewal, and again 7 days before the charge. Each email states the amount, the date, and how to cancel.
- If you pay monthly, we email you once a year. That email states the monthly price and how to cancel.
- Before a higher price applies to you, we email you at least 7 business days and not more than 30 days before the new price. The email states the new price and how to cancel. Where the law requires your consent before the higher price, we ask before we charge it.
If we agree in writing to a locked price for your account, that price stays in force while your subscription continues without a break. A later change to the public price does not change a locked price.
8. Intellectual property
IBC Tool, its software, its design, its visual identity, and the documentation that accompanies it are the property of StarKiln Ventures LLC or our licensors, protected by copyright, trademark, and other laws. We grant you a limited, non-exclusive, non-transferable, revocable license to use the service for its intended purpose. You may not copy, modify, or create derivative works of the service except as permitted by law or by us in writing.
The Infinite Banking Concept® is a registered trademark of Infinite Banking Concepts, LLC. IBC Tool is not affiliated with or endorsed by the Nelson Nash Institute.
9. Termination
You can close your account at any time from the settings page in the app. The flow asks you to type your email address, and then to enter a 6-digit code we email you, before deleting your data. If you have lost access to the settings page, email concierge@ibctool.app from your account address and we will run the deletion on your behalf within thirty days. We can suspend or close your account if you breach these Terms, if your use puts the service or other users at risk, if a payment fails on a paid plan, or if we discontinue the service. We will give you reasonable notice and a chance to export your data unless we cannot for security or legal reasons. Sections of these Terms that by their nature should survive termination — including ownership, disclaimers, limitation of liability, indemnification, and governing law — survive termination.
10. Disclaimers
The service is provided "as is" and "as available." To the fullest extent permitted by law, we disclaim all warranties, express or implied, including warranties of merchantability, fitness for a particular purpose, non-infringement, accuracy, and uninterrupted availability. We do not warrant that the calculations the service produces are correct, that the data integrations are complete, or that the service will fit your specific situation. You use the service at your own risk and your own discretion.
11. Limitation of liability
To the fullest extent permitted by law, neither we nor our affiliates, officers, employees, or agents will be liable for any indirect, incidental, special, consequential, exemplary, or punitive damages — including lost profits, lost data, loss of policy value, missed loan repayments, or business interruption — arising out of or related to your use of the service, even if we knew or should have known the damages were possible.
Our total cumulative liability for all claims arising out of or related to the service is limited to the greater of (a) the amount you paid us for the service in the twelve months immediately preceding the event that gave rise to the claim, or (b) one hundred US dollars. Some jurisdictions do not allow the exclusion or limitation of certain damages; those exclusions and limitations apply to the maximum extent permitted by law.
12. Indemnification
You agree to defend, indemnify, and hold us harmless from claims, damages, costs, and expenses (including reasonable legal fees) arising from (a) your use of the service in breach of these Terms, (b) your content, or (c) your violation of any law or third-party right. We may assume the defense of any such claim, in which case you agree to cooperate with us at our expense.
13. Governing law and disputes
These Terms are governed by the laws of the State of Colorado, without regard to its conflict-of-laws rules. Disputes will be resolved in the state and federal courts located in Colorado, and you consent to that venue and jurisdiction. Nothing in this section prevents either party from seeking injunctive relief in a court of competent jurisdiction to protect intellectual property or confidentiality.
14. Changes to these Terms
We may update these Terms as the product changes or as the legal environment changes. We will revise the "Last updated" date at the top of this page and, for material changes, give you notice by email and in-app notice. Continued use of the service after a material change means you accept the updated Terms. If you don't accept them, your remedy is to stop using the service and close your account.
15. Contact
Questions about these Terms can go to concierge@ibctool.app.