Is infinite banking a scam?

The infinite banking concept is indeed legit. IBC is not a scam. However, many people do get scammed after buying a poorly-designed Whole Life insurance policy to act as the primary engine for their own private family bank.

What are the pros and cons of infinite banking?

As our national debt continues swelling, the tax benefits of infinite banking may end being one of the biggest pros of infinite banking there is. Besides the steady growth, the other reason why major banks park billions of their Tier 1 capital into corporate-owned life insurance is the tax-exempt nature of the growth.

Is infinite banking a good investment?

In most cases, yes. Infinite banking is an overly complex strategy with significant fees, risks, and opportunity costs. It requires substantial, consistent premium payments, and there’s a risk of losing coverage if you can’t keep up with the premiums. Even if you can pay them, it may take 10 years before there’s enough cash value to borrow against.