291-Friday Q&A: Real Estate, How Much Money is Too Much in Qualified Accounts, Bank on Yourself and Infinite Banking, Stocks vs Bonds
Radical Personal Finance
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The Infinite Banking and the Bank on Yourself Concept
The bank on yourself concept is a marketing term for the use of whole life insurance policies as an investment plan. The idea is this instead of, instead of, or in addition to investing in other in other types of investments. Many people are very negative on the useof whole life insurance for investment purposes,. And there's lots of good reasons for that. Most whole life Insurance policies under perform and most of them are very expensive internally by companies that don't do a good job with their insurance costs.
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