People think Infinite Banking is about life insurance

In the book Becoming youg Own Banker, Nelson demonstrates that by implementing ibc, by progressively reclaiming more and more of the banking function through substantial premium payment to properly designed dividend paying whole life insurance from a mutual company that one co owns, one could opt out of this unpleasant paradigm, reverse these dynamics and trigger a systematic capital accumulation process all under the individual's own private contractual control. In doing so, Nelson used spreadsheet type examples to illustrate the practical benefit of the philosophy. This IBC method of financing the ordinary purchases in one's life results in a substantial accumulation of cash value or equity in whole life insurance. Nelson showed how this cash value could be used ultimately to provide for a substantial ongoing cash flow later in life, well in excess of the amounts paid into the policies, all in a tax deferred, non market correlated environment.