what is the Infinite banking concept?

Thank you for reaching out with your question ! The In finite Bank ing Con cept is a financial strategy that involves using whole life ins urance policies as a means of accum ulating wealth and creating a personal bank ing system . The idea is that by using a properly struct ured whole life ins urance policy , an individual can create a tax - adv ant aged , self - s ust aining financial system that can provide a steady stream of income and wealth for the rest of their life . \n It ' s important to note that the In finite Bank ing Con cept is a complex and nu anced financial strategy that requires careful consideration and professional advice before implementation . It ' s not a get - rich - quick scheme , and it ' s not suitable for everyone . It ' s important to consult with a qualified financial ad visor or ins urance professional before making any dec isions regarding your financial future . \n Add itionally , it ' s important to be aware that there are many variations of the In finite Bank ing Con cept , and some of them may be more ris ky than others . It ' s important to do your own research and due dil ig ence before invest ing in any financial strategy . \n In summary , the In finite Bank ing Con cept is a financial strategy that involves using whole life ins urance policies to create a personal bank ing system . While it has the potential to provide significant benefits , it ' s important to approach it with ca ution and to consult with a qualified professional before making any dec isions . </s>