The Infinite Banking Concept® was created by R. Nelson Nash and first popularized in his book Becoming Your Own Banker.
The central action recommended by the book is to take control over, as much of the banking function as possible.
- Accumulate capital in an ultra-safe, liquid, tax-free environment (dividend-paying whole life insurance with a participating mutual insurance company)
- Leverage life insurance cash value to minimize or eliminate the use of outside capital (banks, mortgage lenders, consumer credit companies) and redirect interest to your own financial system
- Recover hundreds of thousands of dollars, or more, previously lost to taxes, fees, and lost opportunity cost, back into your financial life for your family to enjoy