“The problem in America isn’t so much what people don’t know; the problem is what people think they know that just ain’t so.”
Will Rogers
Infinite Banking is the concept that was discovered by Nelson Nash and taught in his book, “Becoming Your Own Banker.” It is about the power of a dividend-paying whole life insurance policy. It is based on the fact that our need for financing is greater than our need for death benefit protection. Nelson said, “IBC is not about investments of any kind; it’s about how we finance the things of life.” There is tremendous power in the financing capabilities in a properly designed, high cash value life insurance policy. In fact, that is why banks are the biggest owner of these policies. As an Authorized Practitioner, my job is to teach people how to think and act like their own bank. You can recapture the interest you pay over your lifetime that you would typically pay to banks and finance companies.
Most people have been taught to buy the least expensive life insurance (which is term insurance) or put the least amount possible into a whole life policy, and by doing so, they limit the amount of cash value they can borrow against. To make this strategy work, you must think long term, and you can’t be afraid to capitalize your banking system. Have you ever had too much money in your checking account?
If you think about it, we finance everything we buy. We either pay interest to someone, or we lose the interest that could have been earned on that money by paying cash. The whole idea is to recapture the interest that you are paying to banks and finance companies for the major items that we need during our lifetime, such as automobiles, education, homes, investment opportunities, business equipment, vacations, weddings, etc. It is not about rate of return because as time goes by, interest rates go up and down, but the need for banking always remains. The idea is to create your own banking system, using uniquely designed, high cash value, dividend-paying, permanent life insurance offered by a mutual Insurance company. It is a very specific policy that focuses on cash accumulation. Whole life insurance, when structured properly, offers competitive growth and safety that cannot be found anywhere else. The Infinite Banking Concept is a major shift in thinking. The concept is not complicated; it is just a different way to think about using and controlling your money.
We encourage you to read the book “Becoming Your Own Banker” and to check out the Nelson Nash Institute Website and take a look at our website, and read through the blogs that we have posted.
You are your most significant investment; take the time to discover how you can control the banking function in your life and recapture thousands of dollars that you are paying in interest to others. We are here to answer your questions, help you learn, provide resources, and teach you how to use IBC to achieve your goals.
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