Life Insurance As A Bank

Infinite Banking Course

Infinite Banking Insurance Agents

It feels like the name of this concept changes as soon as a month. You might have heard it referred to as a continuous wealth approach, household banking, or circle of riches. Regardless of what name it's called, unlimited banking is pitched as a secret way to build riches that only rich people understand around.

Infinite Banking Concept Example

You, the policyholder, placed money right into an entire life insurance plan via paying premiums and acquiring paid-up additions.

Infinite Banking Spreadsheet

Be Your Own Bank Life Insurance

The whole idea of "banking on yourself" just works because you can "bank" on yourself by taking lendings from the plan (the arrowhead in the chart above going from entire life insurance policy back to the insurance holder). There are two different types of car loans the insurance policy firm may provide, either direct acknowledgment or non-direct recognition.