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It appears like the name of this idea changes as soon as a month. You might have heard it described as a perpetual wealth technique, family members banking, or circle of wide range. Whatever name it's called, infinite banking is pitched as a secret means to develop wealth that only abundant individuals find out about.
You, the insurance holder, put cash right into a whole life insurance plan through paying premiums and purchasing paid-up additions.
The entire idea of "banking on yourself" only works because you can "bank" on yourself by taking fundings from the policy (the arrow in the chart above going from whole life insurance back to the insurance policy holder). There are two various sorts of lendings the insurance policy company may provide, either direct recognition or non-direct acknowledgment.
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