How to Become Your Own Banker: 6 Steps to Using Life Insurance as Your Own Bank #beyourownbank

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Have you ever considered using life insurance as your own bank? In this whiteboard explainer video on using dividend paying whole life insurance to practice infinite banking, we cover the 6 steps to achieve your goal of making your cash value life insurance your own bank and using your "banking" policy to build wealth.

The 6 Steps to Using Your Life Insurance as Your Bank
Step 1. Capitalization (0:57)
Step 2. Policy Design: Paid-Up Additions (1:15)
Step 3. Overfund Policy up to MEC Limit (1:35)
Step 4. Finance Your Purchases of Cash-Flow Assets (1:50)
Step 5. Recapture Your Money (2:20)
Step 6. Repeat the Process (2:36)

Dividend Paying Whole Life Insurance is an asset that is a foundational part of a wealth building portfolio. When used in conjunction with an infinite banking strategy, this asset can help you obtain other cash flowing assets, while simultaneously allowing your cash value account to grow unimpaired in a true compound interest environment.

For many investors, having a non-correlated asset like this, provides peace of mind and certainty that delivers amazing returns beyond those found on a balance sheet. Couple this asset with other cash flowing assets, such as your business, dividend paying stocks, or real estate, and you have a recipe for financial excellence and freedom, as well as unparalleled wealth building and legacy creation.

If you are interested in learning more about how the infinite banking concept can help you, please take the next step and connect with us today.
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➽➽➽DISCLAIMER: All content in this video is for educational purposes only and is not to be interpreted as personal financial advice. Always do your own due diligence.