The Infinite Banking Concept (IBC) continues to gain immense popularity, and all for good reasons. In a nutshell, this is a system that allows one to become their own banker by growing their liquid cash value inside a properly-designed whole life insurance policy. This is as they borrow against it to fund major expenditures, emergencies, and outside investment opportunities.
IBC was originally laid out by one Nelson Nash and works quite well provided you haver a properly structured Whole Life Insurance Policy and execute the strategy perfectly. Just as is with how big banks have both savings and lending capabilities, so does a participating Whole Life Insurance policy from a mutual insurance company.
But one thing you should always keep in mind is that mutual insurance companies offer guaranteed growth between 2-3% in addition to non-guaranteed annual dividend payments. One notable feature of a Whole Life policy’s savings component is that it is tax-free provided you keep your infinite banking life insurance active until a death claim is paid.
You might wonder is the infinite banking concept is legit or a scam. To be precise, the infinite banking concept is not something you can buy. It is merely a methodology of redeploying dormant savings accounts together with ongoing cash flows through a life insurance policy. This action is aimed at creating continuous compounding on these funds even if they are borrowed.
We can never conclude without mentioning the fact that the infinite banking concept allows for compounding of borrowed funds in an IBC Whole Life policy. Having a liquid wear multiple hats with your wealth-building efforts as you continue to compound safely within your policy is undeniably one of the most powerful components of the Infinite Banking Concept.
Remember, Whole Life insurance provides a contractual agreement growth rate together with an interest-sensitive annual dividend. Be sure to spend some time doing your homework to unearth more about the infinite banking concept. It is then that you can determine whether or not it is worth try. As long as you employ the correct measures, rest in knowing you’ll reap maximum benefits.

Stella Tennant has helped several global brands, which get heard across the digital space, through result driven content & social media marketing efforts. Studying blockchains and cryptocurrencies makes her hopeful of a free and decentralized future.