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Instead of depending on traditional loans, you build and borrow. Being your own bank is possible, and all you need is a properly structured whole life insurance policy. Infinite banking is the practice of overfunding a permanent life insurance policy so you can borrow against its cash value. In his book becoming your own banker, nash encouraged readers to take.

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By engaging your life insurance, you can start an endless banking system. Infinite banking is the practice of overfunding a permanent life insurance policy so you can borrow against its cash value. Plenty of people will tell you whole life insurance is a bad investment. Waiting to get life insurance can cost you—especially with permanent life insurance, which builds cash value over time.

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Coined by nelson nash, the infinite banking concept involves using a whole life insurance policy designed for high cash value as your personal banking system. Being your own bank is possible, and all you need is a properly structured whole life insurance policy. In his book becoming your own banker, nash encouraged readers to take out a life insurance policy and borrow from it when needed. Whole life insurance is a financial strategy that allows you to take control of your finances by borrowing against the cash value of your policy, creating your own personal.

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Using whole life insurance to become your own banker rather than utilizing traditional banks can often result in better growth rates, tax advantages, multiple protection benefits, but most. Infinite banking is a cash flow management system using the cash value in a life insurance policy rather than traditional bank accounts. Instead of depending on traditional loans, you build and borrow. Family life insuranceno obligation to purchaseinstant quote & coverage

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