Why Whole Life Versus Term Life Insurance

Why Whole Life

The Infinite Banking Concept is so simple yet so effectively strategic for building wealth and eliminating debt. You put the money in, take the money out, repay YOURSELF with interest instead of paying interest to a bank or lender, and incurring even more DEBT!

Why This Concept is Totally Different Than the Mainstream

Traditionally, someone who needed money for a large purchase or to pay off debt would go to a credit union, banker, or lender to get a loan. These loans usually have high-interest rates, and some have terrible terms – if you qualify for the loan, that is.

Loans typically have a rigorous application process that requires a lot of documentation, much of it personal, and you are locked into a repayment plan for five, ten, or twenty or more years. This means making a payment every single month for decades!

The Infinite Banking concept allows an individual to borrow from themselves using their whole life policy. Now, whole life has not always been viewed in the best light, but that perception typically comes from not fully understanding the benefits and how it works.

Is whole life really so bad? See for yourself. According to the American Council of Life Insurers (ACLI), in 2014, 63.7% of all individual policies sold in the U.S. were whole life, compared to just 36.3% of policies being some type of term coverage. – source

Nelson Nash, the author of “Becoming Your Own Banker,” understood that designing an insurance policy property could turn it into your own banking policy, offering financial freedom to you. Using a dividend-paying whole life insurance policy through a mutual insurance company can help you achieve the financial freedom you crave and deserve. It takes traditional banking completely off the table.

Whole Life for Investing & Wealth Building

Wealth is so much easier to attain when you have a solid, strategic plan – the right strategy. Obviously, the status quo isn’t working. If it was, there wouldn’t be so many who struggle financially. And there would be a lot more people who found true wealth and financial freedom well within their grasp.

Whole life is a powerful investment that allows you to harness the velocity of your money in a tax favorable compounding environment. Banks are constantly circulating your money— and when you take out a loan, you are putting your money into that pool.

You begin this road to greater wealth by properly structuring your policy as a physician banking policy. That is where we come in. We will help you structure your policies in the proper way allowing you to get the most out of your investments. This is how you take back your finances and gain the control you need to create the wealth you want.

Isn’t it about time you leveled the playing field and balanced your piece of the financial pie?