What is the downside of High Cash Value Life Insurance?

What is the downside of high cash value life insurance? That's a great question. I would say the primary downside is not participating. So if you recognize a fundamental truth that your money must reside somewhere, and you also recognize a fundamental truth that someone must control the banking function in your life as it relates to your needs, then you need to take a close look at a high cash value life insurance contract, or ideally a system of contracts, because from that place you can control how you finance all the things that you need throughout your lifetime. And there's a death benefit thrown in for good measure. The downside is that if you don't participate, you don't own one or more of these contracts, then someone else and some other organization is benefiting from controlling the financing function as it relates to your needs. And the developer of a process named the infinite banking concept, the process of becoming your own banker, the late R. Nelson Nash, he said that most people, and he's referring to 99% of the population, most people not only abdicate the responsibility of banking as it relates to their needs, but they also abdicate the opportunity that controlling it represents. So understand that no matter what's happening in the economy, no matter what's happening politically, no matter what's happening with the real estate cycle of the stock market, the process of banking goes on no matter what. And the tool that is utilized to control that function as it relates to your needs, which is where the banking function should be held at the you and me level, the tool that's utilized to do that to control that is dividend paying whole life insurance, ideally with a reputable mutual company.