Becoming Your Own Bank

Is Infinite Banking A Scam

Infinite Banking Concept Spreadsheet

It appears like the name of this principle adjustments as soon as a month. You might have heard it referred to as a continuous riches strategy, family members banking, or circle of riches. Regardless of what name it's called, boundless banking is pitched as a secret way to build wealth that only abundant people learn about.

Using A Life Insurance Policy As A Bank

You, the policyholder, put cash into a whole life insurance plan via paying premiums and buying paid-up additions.

How Can You Be Your Own Bank

Bank On Yourself Review

The whole idea of "banking on yourself" just works since you can "bank" on yourself by taking fundings from the plan (the arrow in the graph above going from whole life insurance policy back to the policyholder). There are 2 various types of fundings the insurance provider might provide, either straight recognition or non-direct acknowledgment.