What is the Strategy of Infinite Banking With Life Insurance Policy Loans?

Have you heard about Nelson Nash Infinite Banking, and Becoming Your Own Banker and you want to learn more? Or maybe you’re already using Infinite Banking, but would like to explain it better. Today, we're unpacking the truth about the Infinite Banking Concept and the strategy of using life insurance policy loans. If you're ready to learn more about the IBC strategy, and how to use your life insurance more effectively... tune in now! https://www.youtube.com/watch?v=V8y-QLv01jI Table of contentsWhat is the Strategy of Infinite Banking with Whole Life Insurance Policy Loans?How Does Infinite Banking Allow You to Become Your Own Banker?How Does Your Money Keep Growing, Even While You Use Policy Loans?How Does Infinite Banking Help Minimize the Cost of Capital? Why Do You NOT Pay Interest to Yourself When You Repay a Policy Loan?What Did Nelson Nash Mean When He Said to Be a Good Banker?What is the Benefit of Cash Values Being Listed as After Tax, or Net of All Taxes and Fees?Book A Strategy Call What is the Strategy of Infinite Banking with Whole Life Insurance? It’s a process of borrowing against the cash value of your whole life insurance, where you’re placing a lien against your cash value. This allows your cash value to grow with uninterrupted compound interest, and you can put dollars to work in another asset at the same time. What is the Strategy of Infinite Banking with Whole Life Insurance Policy Loans? It’s a process of borrowing against the cash value of your whole life insurance. To do this, you place a lien against your cash value. This allows your cash value to grow with uninterrupted compound interest. And you can put dollars to work in another asset at the same time. Your money has to go somewhere. Typically, people choose to put their money in the bank. However, this gives the bank the opportunity to reap all the rewards of your cash while you’re not using it. They can loan out your dollars to other bank members and earn interest on that money exponentially. So while it may not be bad to store your money in the bank (and inevitably, you’ll always have some money in the banks), you can create your own leverageable pool of money with whole life insurance. Then, you can reap the rewards that banks can. How Does Infinite Banking Allow You to Become Your Own Banker? Many people are curious: what does it mean to be your own banker? Since you’re not working with other people’s money, what’s the advantage of having a banking system? And how can you use it? The answer is leverage. When you pay premiums, your cash value (equity in the policy) increases. This is your pool of money, or banking system. When you want to access your cash the IBC way, you do this as a policy loan. This means you’re using the insurance company’s money, instead of your own—just like the banks use their customer’s money.  A few things happen when you leverage other people’s money. First, you get to access capital without losing the compounding effect of interest on YOUR cash. So instead of withdrawing money and only earning interest on what’s left, you’re earning interest on everything you have. And while you're using it, you still get to use that money.  Second, you get to use that money to do anything you want. Many people choose to invest in cash-flowing assets, which help pay back the life insurance loans and create income. Third, because mutual companies are owned by the policyholders, you receive dividends when the company profits. The interest that you pay to the company for your loan is part of that profit, which means anything you pay directly correlates to the strength of the company and your own “profits.”  Lastly, you have all the control when it comes to how and when you use your money (unlike banks, which can choose not to lend you money).  How Does Your Money Keep Growing, Even While You Use Policy Loans? When you borrow against your cash value,