So, you have finally made up your mind to become your own banker. Congrats! That’s one of the best decisions you will ever make when looking to change your life for the better. Actually, more and more people seem to be practicing the art and science of infinite banking. For those who might not know, this is what the ‘Become your own banker’ concept is built on.

But before you make the switch, it is in your best interest to have a clear idea of what is destined to come your way. Luckily, we are here to help clear some of the doubts you might be having in mind. Keep on reading to find out more.


Once you become your own banker, there are numerous ways to access your own money. For instance, you can decide to make a withdrawal from the cash surrender value or simply leverage dividends and take out a loan against the cash value. The decision is entirely based on what you find appealing.

Things are not any different once you take out the loan since you have the flexibility to decide how and when to repay the loan. That’s a benefit you will never enjoy when counting on traditional money lenders such as banks. Of course, your policy must remain sufficiently funded for you to continue doing whatever you want with your money.


One thing you ought to keep in mind is that having a whole life insurance policy is quite similar to owning a home. And that’s easy to see since the policy will eventually build equity. What is even more fascinating, you are allowed to take out loans against the equity as the underlying policy keeps growing. For this reason, you’ll have every available dollar of cash value doing more than one job.

The Bottom Line

These are just but some of the things you ought to know before you can finally become your own banker. Be sure to do your homework and determine what it is all about to avoid leaving room for mistakes.


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