How to Start Infinite Banking


Infinite banking is a concept that involves using specially designed whole life insurance policies to build up a pool of cash that you can use as your own personal bank. The idea is that you can borrow against this cash value at any time, and use the money for anything you like.

Here are the steps to get started with infinite banking:

  1. Research whole life insurance policies: Look for a reputable insurance company that offers whole life policies that are specifically designed for infinite banking. These policies should have high cash value growth potential, low fees, and flexible repayment terms.
  2. Find a financial professional: Look for a financial professional who is knowledgeable about infinite banking and can guide you through the process. They should be able to help you choose the right policy and set up your account correctly.
  3. Purchase a whole life insurance policy: Once you have found a reputable insurance company and a financial professional, purchase a whole life insurance policy that is specifically designed for infinite banking.
  4. Build up your cash value: Start making regular payments into your policy to build up your cash value. This can be done through regular premiums or one-time payments.
  5. Borrow against your cash value: When you need money, you can borrow against your cash value at a low interest rate. This allows you to use the money for anything you like, while still earning interest on the remaining cash value in your policy.
  6. Repay the loan: Repay the loan over time, using flexible repayment terms that are set up when you take out the loan. This will help you build up your cash value again, so that you can continue to use it for future needs.

Remember, infinite banking is a long-term strategy, so it is important to be patient and consistent in building up your cash value over time. It is also important to work with a knowledgeable financial professional who can guide you through the process and help you make the most of your infinite banking strategy.


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