Infinite Banking
I have a whole life insurance and at the time I bought the policy, my agent explained that should I need cash in the future; I could easily borrow from it and pay it back with interest. I didn't know that the process is called infinite banking. It's when you are making your money grow through interests. I have also heard about infinite banking but I thought it has something to do with banks. It was only when I read a blog post about infinite banking that I was able to understand that the two are one and the same. It's good that I learned something new and it's good that I know where to run should I need cash in the future.
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