As a financial idea growing in reputation and demand, the Infinite BANK OPERATING SYSTEM is starting to receive a backlash of negative criticism. A couple of those that say infinite banking is a scam. But those who do this misunderstand the idea of what is being sold. Let’s start with what Infinite Banking is not.
It’s not just a product that you can purchase on the Internet. It isn’t a get rich scheme. And it’s really not for everybody. Those who declare there can be an infinite banking scam misunderstand the premise of what perpetual banking is focused on. The truth is, the foundation for Infinite Bank is not a new product even. It is a recognised, proven product that is being used in a innovative and new way.
- Smart Contracts
- Agricultural visa least investment is elevated to US$60,000 (Art. 96), up from no minimum,
- Stag Industrial: $4.37 (STAG – monthly)
- Penalty or reduced interest income if need to withdraw
- Project C.A.S.H
- Limitation of responsibility of users and personnel
- Provide cash capital (necessary to enter a deal)
- What happens if the loan is not repaid
The Infinite Banking System is a idea of personal bank founded on an adequately structured, dividend-paying whole life insurance policy. As a financial tool, very existence policies are a proven product. Historically, insurance companies have been one of the safest places for your cash. Life insurance companies invest in very safe financial instruments such as bonds, this means lower investment risks for policyholders. So Why Isn’t Everyone Doing It?
At the core of this idea is the idea that you feel your own banker. Doing this involves dedication to the essential idea, and discipline in undertaking the practices of Infinite Banking. The Infinite Banking System Saver means you will be the, the Borrower and the Banker of your bank.
You spend less with your bank or investment company, you can borrow funds from your bank or investment company (on conditions that you set!) and you pay the bank (yourself) both money lent and interest on that money–meaning you are making money by financing yourself. Your “bank” is situated and financed by your dividend-paying whole life insurance policy.
When used as a banking application a complete life insurance policy is structured in different ways than other plans. The plan offers a death benefit to your heirs, but places a larger focus on your ability to gain access to the money value liquidity within your account to finance your life. The quantity of the Death Benefit is low in order to raise the amount of your policy’s cash value. Obviously, you could create this same personal bank operating system with either a bank checking account or a mutual fund policy. But the financial increases are tied to the tax effects of each. A whole life plan offers a bank-like system but provides some incredible additional benefits.
By using the whole life system, you benefit from the tax deferred development of your cash, tax-free distributions through your plan loans, and an income-tax free loss of life benefit to your heirs. The basis of the system is a complete life insurance policy, and there are initial costs and administrative fees associated with that. Critics of the idea indicate these fees as proof the Infinite Banking Scam.