Infinite banking
Infinite banking

 

Is a strategy takes a revolutionary approach toward personal finance? The strategy essentially involves becoming your own bank by utilizing a dividend-paying whole life insurance policy as your bank. This counter-intuitive scheme moves away from traditional banking institutions and hands the reins of finance into the hands of the individual. It provides substantial growth over time, transforming the standard life insurance policy into a sturdy financial tool. While life insurance companies and banks risk with the fluctuation of the market, the infinite banking concept negates these risks. Leveraging a cash value life insurance policy, individuals enjoy the benefits of guaranteed growth and a death benefit protected from market volatility. The life policy serves to enhance savings over time, amassing more money than traditional banks. Insurance companies back this strategy, providing consumers with an advanced control over their financial life, thereby reinforcing the many potential benefits of the infinite banking concept.

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