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Can I Be My Own Bank

Published Jan 25, 25
1 min read
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It looks like the name of this idea changes when a month. You may have heard it referred to as a perpetual wide range method, family financial, or circle of wide range. No matter what name it's called, infinite financial is pitched as a secret means to build wealth that only abundant people find out about.

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You, the policyholder, put cash into a whole life insurance plan via paying premiums and buying paid-up additions.

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The entire concept of "banking on yourself" just functions due to the fact that you can "financial institution" on yourself by taking finances from the plan (the arrow in the graph above going from entire life insurance back to the policyholder). There are 2 different kinds of lendings the insurance company may offer, either straight acknowledgment or non-direct acknowledgment.

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