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Friday, February 3, 2012

Roll Your Money with Infinite Banking

As a policy holder of a whole life insurance, did you know that you can borrow up to 100 percent of the cash value of you insurance plan?  A lot of people have been doing that for quite some time now and it's known as infinite banking.  What's even greater is that you can borrow it at any time without having to worry on tax penalties.  However, like any other loans you will have to pay for the interest.  The good news is, the interest that is charged to you will be added to your principal so your money grows bigger.  It's just like being your own banker; you can loan from your own insurance and let it earn interest.

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