Which Famous Entrepreneurs Used Whole Life Insurance As Their Own Bank?
Even though marketers like Nelson Nash and/or Pam Yellen claim to have pioneered the Infinite Banking Concept or the Bank On Yourself method, the truth of the matter is that Whole Life Policyholders have been using this “banking strategy” for eons, especially some of America’s most famous entrepreneurs. Learn more about how they utilized these strategies.
5 Reasons Borrowing May Be Better Than Paying Cash
You probably have been conditioned to think that anything associated with the word “borrow” must be bad for you. The truth of the matter is, not only can borrowing against your own banking mechanism put you in a better overall financial position from a growth standpoint, but you can also pick up a host of other benefits as well. If there was a better way to deploy your cash flows, when would you want to know about it?
The 5 Succinct Steps to Building Your Own Bank with Whole Life Insurance
Is this for real or just a bunch of smoke and mirrors?
You may have thought at first that you’d be starting your own personal financial institution, when really it has nothing to do with banking as an institution at all. Before too long you probably came to realize that what all these books are talking about is funding some sort of special whole life insurance policy that you can borrow against rather than utilizing traditional financing.
The claims that life insurance agents and other promoters may make about this strategy can sometimes be overblown. In fact, sometimes they can be downright misleading. This article is intended to demystify and dissect 4 of the core truths as well as the 4 biggest myths that surround this strategy at the heart of the books that coined the terms “The Infinite Banking Concept ®” and “Bank on Yourself ®.”