Conversation with Merlin [email protected] · Tue Dec 05 2023

What kind of Life insurance is good for the infinite banking concept?

The Infinite Banking Concept, popularized by Nelson Nash, involves using a specially designed whole life insurance policy with cash accumulation as a financial tool for creating a personal banking system. For this concept, a type of whole life insurance known as high cash value, dividend-paying whole life insurance is often used.

When considering life insurance for the Infinite Banking Concept, look for policies that strong cash value accumulation, potential for dividends, and flexibility in premium payments and loans. It's also important to consider the financial strength and track record of the insurance company offering the policy.

Discussing specific financial goals and needs with a knowledgeable financial advisor or insurance agent who understands the Infinite Banking Concept can provide valuable insights and help you select the most suitable life insurance policy for this strategy.