Whole life Insurance and the Infinite Banking Concept
I have been looking into Whole life insurance and Infinite banking and it seems very appealing. From what i hear it can be very beneficial "If" the policy is set up correctly. Has anyone out there got any whole life policies that they have set up for the purpose of being their own bank and/or using it to fund real estate investments? The infinite banking concept was created decades ago by a man named Nelson Nash, and since then their have been many people that have followed suit. Let me know what your experience has been for those of you who have participated in it or maybe know someone who has.