infinite banking

Terry Says

I had to look that up and study it to respond. And my response is that it’s a bunch of baloney, cooked up to sell more whole life policies. The description I read doesn’t take into account the tax implications of a policy that matures before death — vs one that pays off at death (no taxes to the beneficiary). And it’s a complicated silly way to run your personal banking by borrowing from the cash in a whole life policy.