The infinite banking concept (IBC) is a system whereby one becomes their own banker by growing their liquid cash value inside a properly-designed whole life insurance policy while borrowing against it to fund major expenditures, emergencies, and outside investment opportunities.

The infinite banking concept is a strategy to use Whole life insurance to become your own banker
Utilizing the infinite banking concept rather than traditional banks provides competitive safe growth rates, tax-sheltering, various protection benefits, and most importantly the continuous compounding of their liquid assets even while they’re being borrowed.

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Welcome to Broke To Boom channel, where we’ll cover how to save money, make money, and grow money with investing. We’ll cover personal finance foundations to help you retire early or even start your FIRE lifestyle.

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