LEARN ABOUT INFINITE BANKING AND THE MANY BENEFITS OF TAX FREE INVESTING.
Understanding the Infinite Banking Strategy
Infinite banking is a financial strategy that leverages a whole life insurance policy with a cash value component. This concept enables policyholders to borrow against the cash value of their policy while still allowing it to grow by paying dividends. Essentially, this system allows individuals to act as their own bank, providing loans to themselves and repaying them with interest.
Advantages of Infinite Banking:
Tax Benefits:
The growth of cash value in a whole life policy is tax-deferred, and policy loans are typically are tax free.
Guaranteed Growth:
Unlike market investments, whole life insurance policies offer predictable,
guaranteed returns over time.
Liquidity and Control:
Policyholders can access their funds at any time without dealing with market volatility or external lenders.
Asset Protection:
Depending on state laws, cash value within a whole life policy may be protected from creditors and lawsuits.
Opportunity Cost:
The money tied up in whole life insurance could potentially yield higher returns if invested elsewhere.
How I Got Started
March of 2007, I read a book how to become your own bank by using a specific type of whole life insurance. The book is called; Money Wealth Life Insurance by Jake Thompson. I highly recommend to anyone interested in this investment strategy to read this book! I read this book three times in 48 hours then contacted a friend who sold insurance. We set up a policy that gave us one million dollars of insurance if I were to pass and at the same time increase in cash value. In 2014 we borrowed from our policy ($87000) and built our first self-storage facility (250 units). In 2023 we purchased our second storage facility. These facilities produce a nice six-figure annual income. Our initial investment is now worth over $5 million dollars.
We are now in the process of using this insurance policy again to begin another business manufacturing and marketing a medical device for premature babies. This insurance program called Infinite Banking has many more advantages today than when I began my first policy in 2007. My wife and I are like most people we have worked hard and sacrificed for our family. We seek secure investments with reasonable gains. The icing on the cake with this infinite bank system is this program can generate income and it’s 100% TAX FREE.
