The Infinite Banking Concept
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The Benefits of IBC
There are some tax benefits for it. If I were to take a loan out against my cash balance in the policy, it's tax free. And so, because you would maybe have a low watermark of dividends of 5% and say you took your loan out and it was roughly 5%, it would be interest free. Because truth be told, you sign up for this whole term life insurance thing and you're paying your first $10,000, $15,000 a year premium, you have access to no cash. It takes about seven to 10 years to go to a crew and then you actually get a positive return and have the ability to take cash out.
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