Should You Own Whole Life Personally or Through Your Business?

14 Jul 2026 · 1 min

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1:28

In this video, Jayson Lowe explains how the Infinite Banking Concept (IBC) is applied using dividend‑paying whole life insurance policies, contrasting personal versus corporate implementations. For an individual, the person pays the premiums, controls cash‑value access, and designates beneficiaries, retaining full control over the policy. For a corporation, the business pays the premiums, owns the contract, and is the named beneficiary of the death benefit, benefiting from lower corporate tax rates. Lowe emphasizes that the ultimate goal—becoming your own banker—remains the same for both individuals and businesses; the key differences lie in tax treatment, premium payer, ownership, and control. He invites viewers to learn more via his website.

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So how does the implementation of the Infinite Banking Concept differ between an individual implementing the concept and a business implementing the concept? So as it relates to the tool, which is a dividend-paying whole life insurance policy, or ideally a system of policies, when you're dealing with an individual, that individual is paying the premium, that individual, uh, controls the policy in terms of access to cash value, who the named beneficiaries are, all elements of control are with the individual himself or herself. When you're dealing with a corporation, firstly, the corporation is taxed at a lower rate than the individual is. The corporation becomes the premium payer. The corporation owns the contract, and the corporation is the named beneficiary of the death benefit. And so the corporation can implement the concept, given that the corporation is an entity. The individual can implement the concept. So there's no difference in terms of what we're trying to achieve, which is to become the banker as it relates to either the company's needs or the individual's needs. It's just understanding the tax treatment of the insurance contract in each scenario, the tax advantages of each contract in each scenario, and the elements of control. Want to find out more about how you can become your own banker? Click the link below or head over to learnwithjay.com. That's learnwithjay.com.