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It appears like the name of this concept changes once a month. You might have heard it referred to as a continuous wealth strategy, family banking, or circle of riches. No issue what name it's called, infinite banking is pitched as a secret way to build wealth that only abundant people understand about.
You, the insurance policy holder, put cash right into a whole life insurance plan through paying costs and getting paid-up enhancements.
The entire idea of "financial on yourself" just works since you can "financial institution" on yourself by taking finances from the plan (the arrow in the graph above going from whole life insurance back to the policyholder). There are 2 various kinds of fundings the insurance company may supply, either straight recognition or non-direct recognition.
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