Wayne Courreges III explains the Infinite Banking Concept from R. Nelson Nash's book, using dividend-paying whole life insurance policies to build cash value. He shows how a $10,000 deposit grew to $18,500, all guaranteed under the policy contract.
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The infinite banking system kind of revolves around something that's actually been around for over 200 years. But about 25, 30 years ago, there was a gentleman named R. Nelson Nash who wrote a book called Becoming your own Banker. So there's these very unique aspects of a certain type of overfunded, cash heavy whole life insurance policy through a mutual company that pays dividends. When I stuff money in in there, you know, it's almost like a forced savings account. And that's one of my happiest days of the whole year. This year, I went down and opened up that statement. I showed my $10,000 deposit, and that cash value had grown by $18,500. So, I mean, that's 185% return on the money I'm depositing into that bank. And it's guaranteed because it's in a contract with an insurance company. So.