An Introduction to Bank On Yourself

If you aren’t familiar with Bank on Yourself, it’s one of many different philosophies like Infinite Banking, The Infinite Banking Concept, Private Family Banking, the 770 account and others. All of these philosophies and programs have a foundation in the general principle that a life insurance policy can be used to build savings and ultimately …

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The Problem with Bank on Yourself

As Nerdwallet.com reports, “First there was LEAP, then there was Infinite Banking, also known as Becoming Your Own Banker.  Now it’s Bank on Yourself (BOY), with Pamela Yellen.”  In essence, here is what each of these different sales programs attempts to accomplish for the prospect by selling them a permanent life insurance: Save you money, …

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Bank On Yourself – CBS Response

Life Benefits does not represent Bank On Yourself, but people often associate us indirectly because the concept involves using Cash Value Life Insurance to self-finance purchases. Here is our response to a recent question regarding the article: Bestselling book’s financial promises don’t add up by Allan Roth on CBS MoneyWatch Question:  I ran across this and it …

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