Infinite Banking: Become Your Own Banker
Infinite Banking is a financial strategy that allows individuals to leverage the cash value of a whole life insurance policy to create a personal banking system. This approach offers unique benefits, including tax-free growth, guaranteed returns, and the ability to borrow against your policy without relying on traditional banks.
How It Works
- Policy Setup: Purchase a whole life insurance policy with a cash value component.
- Cash Value Growth: Overfund the policy to maximize growth through guaranteed interest and potential dividends.
- Borrowing: Use the cash value as collateral to take loans for investments or expenses while it continues compounding interest.
- Repayment: Repay loans on flexible terms, replenishing your “bank” for future use.
Benefits
- Tax Advantages: Tax-free growth and non-taxable loans.
- Continuous Compounding: Earn interest even on borrowed funds.
- Financial Control: Set your own loan terms without credit checks.
- Generational Wealth: Preserve death benefits for heirs while accessing funds during your lifetime.
Infinite Banking transforms life insurance into a powerful wealth-building tool, offering financial independence and flexibility