Cash Value Life Insurance

The basic idea is that the policyholder pays premiums into the policy, which builds cash value over time. This cash value can then be used as collateral for loans that the policyholder can use for various expenses, such as purchasing a home or starting a business.

The key advantage of infinite banking is that the interest on the loans is paid back to the policyholder, not to a traditional bank. This means that the policyholder can earn interest on their money while also using it to finance their expenses.

In addition, the death benefit of the policy can be used to pay off any outstanding loans, ensuring that the policyholder's heirs are not burdened with debt.

Overall, infinite banking can be a powerful tool for building wealth and taking control of one's finances. By using a specially designed whole life insurance policy, individuals can become their own bankers and enjoy the benefits of earning interest on their money while also accessing financing for various expenses.