The Infinite Banking Concept Fact Or Fiction: Jeeps and How to Be Insured for Low Cost?

The Infinite Banking Concept Fact Or Fiction?

This is a case study on someone who is practicing the Infinite Banking Concept revealed in the book Becoming Your Own Banker, by R. Nelson Nash.

The Infinite Banking Concept Fact Or Fiction?

This man was 45 years old.

An annual premium consisting of $30,000 being paid into a dividend paying whole life insurance policy with a face value consisting of $567,000

In two weeks he took a $12,000 loan from his policy out of the $22,000 of available cash values.

He took his loan of $12,000 and used it to pay his tax bill. Next he drew up a schedule for repaying his policy from which he had borrowed.

Paying $390 per month, for 36 months, he accumulated $14,040 plus the $10,000 of original cash value left over from the first policy loan.

While he was paying back this loan he had also paid two more annual premiums of $30,000 each.

The second paid premium increased his cash values another $24,000

His third paid premium increased his cash values by yet another $34,500

Now he has $82,540 in cash values besides the $801,000 of face value. At this time, he has only paid $90,000 of premiums, so really his cost has simply been $208 per month or $7,460 in all.

So let us compare this to a term policy with $800,000 of face value. For this kind of face value he would have paid $323 every month for a total of $11,628 over this period of time.

Things are even better than they appear in this case, for he withdrew the cash values of $10,000 which was left over after the first policy loan and put it to work too.

He took this $10,000 and utilized it along with an extra $20,000 that he had in cash to buy a new automobile. The repayment schedule on this loan amounted to monthly payment of $667.33. So after this 36 month time frame when the guy is now 48 he owns an additional $24,024 along with the $82,540 which totals to $106,564. This means he has $16,564 more than in what he put into this process in premiums!

Summary:

This man now has $16,564 more than he would have had originally!

Besides he has more than $801,000 of death benefit that has cost nothing!

Now he has paid his tax bill of $12,000, plus he has a $30,000 car!

Just in two years, his accumulation will have swelled by an additional $16,016 as he continues to make the monthly payment on his car.

Finally, because he has been utilizing the Infinite Banking Concept and practiced Becoming Your Own Banker, his face value has gone up from $801,000 to $812,424.

Because he learned to control the banking equation, he has received, tax free, all the profits which would have gone to the banking and financial institutions.

After reviewing this case study, it is quite evident that “The return of your money is more important than the rate of return on your money.”

The Infinite Banking Concept is indeed fact and not fiction.

Dr. Tom McFie of Life Benefits, Inc. Is a widley sought financial coach. He helps people and business owners recover 30-35% of the money they are currently spending through the practice of the Infinite Banking Concept as described in the book Becoming Your Own Banker

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The Infinite Banking Concept Fact Or Fiction?

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