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Sunday, February 19, 2012

Grow your money with Infinite Banking

Did you know that you can become your own bank by using your Whole Life insurance policy?  Yes, this is true and this concept has been used for years by a lot of people.  It was only when it was given the name infinite banking that it became very popular.  As soon as your whole life policy started earning cash values, you can make it grow by lending yourself money.  There comes a time when we need immediate cash and don;t know where to get it.  Instead of applying for a loan, you can actually lend yourself money from your insurance's cash value earnings.  You pay back the loan with interests which is added up to your principal amount.  You are making your money grow with interests that you would have given to loan companies if you borrowed money from them.

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