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Where do you put money using the Infinite Banking Concept?
Manage episode 481059634 series 3664100
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Stop paying thousands in interest to banks and finance companies. Learn about the Infinite Banking Concept. IBC creates an entity by using whole life, dividend paying life insurance that you own and control. There are extreme shortcomings when you try to use universal or variable life insurance. With life insurance, we need capital far more while we're living. Infinite Banking delivers unrestricted access to your money, that grows tax free while you use loans against it. A 401k, an IRA, a 403b, and even a 529 plan don't come close when it comes to your freedom to access your money! Understand that term insurance is the most expensive insurance you can buy over a lifetime. Banks lend money to individuals and businesses that they deem worthy. What if you didn't need them? You don't!
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