Whole LifeCash ValueInfinite Banking

Be Your Own Bank (Infinite Banking) Strategy

Educational overview. The "Be Your Own Bank" concept uses specially-designed whole-life policies as a savings vehicle with controlled access to cash value. Concept popularized by Nelson Nash. Discuss with a licensed advisor — not a one-size-fits-all fit.

The "Be Your Own Bank" or "Infinite Banking" concept, popularized by Nelson Nash, uses participating whole-life insurance policies as a structured savings vehicle. The idea is to fund the policy and then borrow against the accumulated cash value for major purchases, financing, or emergencies, repaying the policy loan from non-policy cash flow. Proponents point to policy guarantees and tax-advantaged growth; critics point to high premiums, opportunity cost vs alternatives, and complexity. Discuss with a licensed advisor and compare to other savings vehicles.

Educational content only. This information is not financial, tax, or legal advice. Product availability varies by state and carrier underwriting. Speak with a licensed advisor before making decisions based on this content.

By Laura Flaherty · Last reviewed recently.

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No purchase, commitment, or pressure. By submitting, you agree to be contacted at the phone/email above. Product availability varies by state and by carrier underwriting. This is educational, not financial advice.