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What is "Infinite Banking"?

What is "Infinite Banking"?

I've never heard of it before.
asked in Financial Planning by
GOAT (160 points)
7 months ago
 

3 Answers

0
Financial and Business Mentor, Independent Agent-Hurricane Financial
7 months ago
Hello Nathan:

Infinite Banking is a time-tested money strategy that has been in existence for over 100 years, but isn't well-known in the traditional financial world.  The best way to determine if it's right for you is for you to ask yourself the following nine questions and see if you can answer "Yes" to all nine as they relate to the current financial vehicle(s) you're using:

Can your current financial vehicle(s)...

1)  Protect your principal investment?

2)  Recapture principal and interest paid to banks and other financial institutions?

3)  Grow your money tax deferred?

4)  Allow access to money at any age, penalty free?

5)  Allow YOU to control the growth of your money?

6)  Offer protection from lawsuits and creditors?

7)  Earn guaranteed returns?

8)  Allow you to withdraw funds tax-free?

9)  Pass on your wealth tax-free to your family?

If these things are important to you and/or your current financial plan doesn't answer "Yes" to all nine questions...it may be worth your time to learn more.  If it is, reply back with your email address and/or phone number.

Thanks,

Anita McAllister
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Of course I value these things, but I'm still wondering what infinite banking IS...
0
Financial and Business Mentor, Independent Agent-Hurricane Financial
7 months ago
It is a properly funded and structured dividend paying whole life insurance policy from a mutual life insurance company.  This is the only vehicle that is the most ideal and perfect for this personal ‘banking’ process, and the only one that answers yes to all nine of these questions.

It is NOT a traditional whole life policy and requires the individual to open their mind to new thinking, do their due digilence, and be willing to go through the process of learning about it.

Thanks Nathan
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Can you share a link where I can learn more?
0
Financial and Business Mentor, Independent Agent-Hurricane Financial
7 months ago

You can certainly go to http://www.hurricanefinancial.com to learn some of the aspects - there are a few videos on the home page.  There is also a 6-page White Paper I would be glad to send you by email, which is where I usually start when I'm working with someone that is new to the concept. 

Another option is to invite you to attend an IBC presentation hosted by Hurricane Financial.  These are scheduled regularly on Tuesday evenings (8pm EST) and Thursdays (3pm EST).

If after looking around the website, you'd like to delve into it more, please don't hesitate to contact me privately at my email address, which is anita@hurricanefinancial.com.

Thanks,

Anita

 

 

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