Bank On Yourself Strategy

Benefits Of Infinite Banking

Nelson Nash Institute

It feels like the name of this idea changes when a month. You may have heard it described as a perpetual riches approach, family banking, or circle of wide range. Whatever name it's called, limitless financial is pitched as a secret way to build riches that only rich people understand about.

Infinite Banking Policy

You, the insurance holder, put cash into an entire life insurance policy through paying premiums and acquiring paid-up additions.

What Is Infinite Banking Concept

Nelson Nash Bank On Yourself

The entire concept of "banking on yourself" only works because you can "financial institution" on yourself by taking lendings from the policy (the arrow in the graph above going from entire life insurance policy back to the insurance holder). There are two various types of loans the insurance firm may use, either direct recognition or non-direct recognition.