Banking Basics
To effectively implement the Infinite Banking Concept in your life you must have some understanding of banking. Let’s jump right in and get you the essential information.
To effectively implement the Infinite Banking Concept in your life you must have some understanding of banking. Let’s jump right in and get you the essential information.
We can’t figure out the “why” behind an IBC policy without first determining your goals, and then reverse engineer a solution for how they can be achieved. So, let’s get started.
What position are you in financially?
Infinite Banking is a Concept. In fact, it is one of the simplest things you can do, but it’s easy to get caught up in all the minutia and sales concepts that producers teach.
“The Infinite Banking Concept is an exercise in imagination, reason, logic and prophecy.” If you’ve read R. Nelson Nash’s book Becoming Your Own Banker, you know that is a quote from the man himself.
You have finally taken action and are the proud owner of a properly structured, dividend paying whole life insurance contract – congrats!