Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Accumulated Cash 💰 #shorts

19 Aug 2023 · 1 min

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Richard Canfield explains how increasing a life insurance death benefit automatically grows the cash value to match it by age 100, a mechanical guarantee built into the policy. He distinguishes this from infinite banking, which is about reclaiming control over your own finances rather than buying a product.

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Every time that you increase the death benefit, you're creating an automated guaranteed future increasing outcome of cash value. Which has nothing to do with infinite banking. Nothing. It's. It's just how the policy works whatsoever to do with the infinite banking concept. It's an entity. You put money into the company that provided you with the entity. The company is contractually bound to ensure that the cash value equals the total death benefit by age 100 of the life that is insured. Regaining control of the banking function and reclaiming that from outsiders and becoming your own banker and controlling the process of how you finance the things that you need in life. That is a process, not a product. Never has been, never will be.