What is Infinite Banking and how does it work?

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What is Infinite Banking and how does it work?

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Its a fancy way of using life insurance loans to fund major purchases. Accumulate cash value in a permanent life insurance policy, leverage the cash value as collateral for a loan from the insurance company, continue to accrue interest in your life policy while paying yourself back. Arbitrage is involved, which benefits the policy owner. For the right prospect, its a nice alternative way to fund major purchases like cars, homes, additional properties, college, etc.