Infinite Banking
Infinite Banking is a predictable way to create financial freedom by utilizing your own personal capital.
By practicing the Infinite Banking Concept™ you can grow your family’s wealth safely and predictably without traditional bank lending or government retirement plans.
Learn how to finance your major purchases through your own “bank” without depending on traditional banks and financial institutions thus eliminating the need for credit reporting.
DISCOVER The Infinite Banking Concept™ (IBC)
Discover the power of the IBC and learn the secrets of Becoming Your Own Banker™ to create your own personal system for finance.
“Banking is the most important business in the world”.
~R. Nelson Nash
Meet with an IBC Practitioner
Schedule a time with an Infinite Banking Concepts™ Professional
Questions and Answers about Infinite Banking Concept (IBC)
Learn more about the Infinite Banking Concept and find out if it can work for you.
- Can Infinite Banking work with my current life insurance policy?
- The concept can work with many financial assets, but it works best with dividend paying, whole life insurance from a mutual company. If you have term, universal life, variable life or final expense, IBC was not designed to work with these types of policies. However, you may be able to qualify for a new policy.
- Why do I need Infinite Banking?
- You may not need to practice IBC, it’s more about what you want. So, if you want control over the banking function when you finance, that’s where IBC can help you recover costs and offer independence from traditional lending.
- How long does it take to setup or implement an Infinite Banking plan?
- Every situation is different and your goals and commitment will determine your course of action. At a minimum there is underwriting and qualification before you are approved and can have access to a policy loan. Some people get started as soon as 30-60 days or after one year, but the average person will capitalize their policy over 3-5 years before taking loans.
How Infinite Banking Works
How To Become Your Own Banker with Infinite Banking (IBC):
- Create your own banking system using dividend-paying, permanent life insurance
- Use available savings and cash flow to build your own “bank”
- Capitalize and establishing your plan
- Use the method to finance your automobile purchases and even to finance your home
- Expand your system to accommodate all income through a system of banks to increase your personal wealth
- A business can use the concept for cash-flow and equipment financing
IBC works through a custom designed, dividend paying (participating), whole life insurance policy from a mutual life insurance company. These policies are contracts between the policyowner and the insurance company.
The Possibilities are Infinite!
The Infinite Banking Concept™ (IBC) as outlined in the book, Becoming Your Own Banker™, reveals the truth behind the most important business in the world – banking. It provides you with foundational, financial wisdom that will help you understand personal finance like never before.
IBC allows you to get multiple uses of your dollars. With IBC, your dollars provide protection, savings and financing options.
The Problem with Traditional Financing
We spend money on items that we purchase, either by paying cash, or by financing. The problem is that all these items are financed by other banking institutions.
This means that the interest portion of every dollar spent is perpetual. The volume of interest is the real issue, not the annual percent rates.
Solve for Finance
The average American family spends about 30% of their income on interest and fees. Compare that to the savings rate of most Americans of about 5% and you can see the discrepancy.
When you think about how you should save, you have to consider many factors, these factors may span a lifetime or they may be for a short period of time. Even if your reason for saving is short term, eventually you’ll have a need to save again.
Saving and Spending
Ultimately we save in order to spend in the future. When you access the saved money you interrupt the compounding.
Why not use a savings vehicle that allows for uninterrupted compounding? Uninterrupted compounding means that your money is available and liquid, yet it continues to grow even while being used for financing your purchases.
The Keys to Infinite Banking
In the bestselling book, Becoming Your Own Banker, Nelson Nash makes the example of financing cars with IBC. He compares 5 methods of having the use of an automobile over one’s lifetime.
Throughout the book there are examples of financing, demonstrating how anyone can use this method. The All American Man is depicted, demonstrating the huge amounts of interest that are transferred away by financing automobiles, mortgages and other expenditures.
“The Infinite Banking Concept is not a bank; it is a thought process that represents a major paradigm shift.”
~Nelson Nash
These custom designed IBC policies function like a bank…
- Protecting your most valuable asset on your terms
- Providing liquidity, use, and control of your money
- Allowing you to make deposits (premiums) and loans
- Giving you access to capital reserves at any time for any reason
- Earning a predictable return over time
How To Use the Infinite Banking Concept™ in Business
As a business owner, you may have experienced that bank qualifying or simply getting a bank loan isn’t that easy, especially in the early years. When you become your own banker, there is no further credit scoring, and you never have to depend on banks for lending.
Medical Practices and Physicians
Ready to Get Started?
Meet with an IBC™ Professional, an Authorized IBC Practitioner
More Resources
Get the book Becoming Your Own Banker
Free IBCVideo Training: LegacyMoney/InfiniteBanking
Banking Is..
Banking is a process. When you practice IBC, you control the banking function.