Infinite Banking Concept: Using Life Insurance To Become Your Own Bank


Infinite banking is often sold as a powerful financial strategy that uses life insurance policies to build wealth.

By becoming your own banker, you create cash value while using tax-free loans from your policy as capital for further investment opportunities.

Basics of the Infinite Banking Concept


Infinite banking allows you to become your own bank by borrowing against the cash value of a permanent life insurance policy.

Infinite banking is the OG of the Buy-Borrow-Die strategy with some tweaks. With infinite banking, your investments are inside the life insurance policy, allowing you to borrow against it without significant tax consequences.

Insurance Policies Suitable for Infinite Banking


A life insurance policy aims to pay out a set amount of money to your beneficiaries in the event of your death. There are many life insurance policies; the two most common are term and whole life insurance.

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