This is an actual case study of someone who put the Infinite Banking Concept into practice as described by R. Nelson Nash in his book Becoming Your Own Banker.

A 45 year old male

Paid an annual premium of $30,000 into a participating whole life insurance policy which had a face value of $567,000

Within two weeks he borrowed $12,000 from the available $22,000 cash values inside his policy.

He used this $12,000 to take care of a bill to the tax department. The man repaid this loan on a repayment schedule.

After 36 monthly payments of $390 per month the total accumulation of his payments amount to $14,040 besides this, he still has the $10,000 left over after the first policy loan was taken.

After a 3 year period, he has paid two more premiums of $30,000.

The second paid premium increased his cash values another $24,000

His third paid premium increased his cash values by yet another $34,500

At this time there was $82,540 of cash values in his policy and his face value (death benefit) was up to $801,000. Remember he has only paid $90,000 in premiums so far, and thus his comparative outlay is only $208 a month or $7,460 total.

Compare this to a term policy with an $800,000 face value; his cost for this would have been $323 per month or $11,628 for an equal time period.

This continues to improve because remember the $10,000 of cash value that this man left inside his policy when he took out the $12,000 loan?

That $10,000 added to $20,000 which he had on hand, he used to purchase a car. The monthly amortization schedule, for the car, outlined payments of $667.33 per month for 36 months. Therefore after the 36 month period outlined above, this man at age 48, has the $82,540 plus an additional $24,042 in cash values, added together that makes $106,564 this registers as $16,564 more than he has expended in premiums!

Summary:

This man has $16,564 more than he paid in premiums. This is money he would not have had if he had not followed The Infinite Banking Concept.

He also has $801,000 of death benefit through his life insurance policy with technically no expense.

On top of all that he has paid off a $12,000 tax bill and owns a $30,000 automobile.

And, in just two more years, he will have accumulated another $16,016 simply by maintaining the repayment schedule he has already set up on the automobile.

Because he has practiced Becoming Your Own Banker through the use of the Infinite Banking Concept, his death benefit has climbed from $801,000 to $812,424.

He did all this merely by putting the banking equation under his control. He recovered what the financial institutions and bankers would have made off of him. All this he now owns tax free.

After reviewing this case study, it is quite evident that “The return of your money is more important than the rate of return on your money.”

So The Infinite Banking Concept is truly fact not fiction

Dr. Tomas McFie of Life Benefits, Inc. Is a widley sought financial coach. He helps people and business owners recover 30-35% of the money they are currently spending through the practice of the Infinite Banking Concept as described in the book Becoming Your Own Banker

categories: Money,Taxes,Autos,Finance,Insuranc,Payment schedules,Infinite Banking Concept,Becoming Your Own Banker,IBC

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