Infinite Banking is a concept in which you use your whole life to create your own bank. This is how it works: You get a whole life insurance policy that builds cash value over time. This means you pay premiums, and a portion of those premiums go into a savings account within the policy. It will grow over time. You are funding this policy to help accelerate growth within the policy to meet you deserved result. Some may want to build wealth and increase cashflow.

You are able to borrow against the cash value in the policy. You can choose to pay it back or not (it is your money). If you pay it back, it can help you grow your cash value even further because you are getting the original loan amount back plus interest. You can borrow as long as there is cash value. Some companies have a cap on the percentage that can be borrowed, like 90% of the cash value. The insurance company will use your cash value as collateral, so you can borrow at a low-interest rate, 4.5%. This may be more beneficial compared to loans available through banks and credit unions.

So, you may be wondering how you can use infinite banking. Some may want to use it to pay expenses such as college tuition or starting a business. Others will use it to buy a car or a home. Some may pay off debt. Some will use it to purchase real estate. How you choose to use your infinite banking will depend on your goals. Infinite banking will provide you control over your finances and flexibility in accessing your money when it is needed, while building wealth for the future.

We are here to assist you with determining if this would be a good strategy for you. Give us a call or request a quote below.