Infinite Banking for Canadians - Is it for you?
Build Your Wealth & Save Taxes in a Proven, Safe and Simple Way
What is Infinite Banking?
The short, technical answer: the Infinite Banking Concept is an over-funded, participating whole life insurance policy that you can use to finance the major purchases in your life.
It is a concept made popular by the book “Becoming Your Own Banker: Unlock the Infinite Banking Concept” by R. Nelson Nash. There are other names for this strategy, depending on which book or website you read including Bank on Yourself, Cash Flow Banking, Private Family Banking, Immediate Financing Arrangement and many more. They are all essentially the same strategy with different names used for marketing purposes.
Can It Work for My Family in Canada?
Yes it can work for your family in Canada.
Note: There are some important differences from policies issued in the United States. It's important to work with an approved Infinite Banking practitioner who understands the details and nuances of this strategy and how it works for Canadians.
Top 10 Benefits of Infinite Banking in Canada
- Earn a safe and consistent dividend
- Comes with guarantees on your money
- Private & creditor protected
- Not tied to the volatile stock market
- You own permanent insurance as an asset class
- The growth is tax efficient
- Take advantage of compound interest working for you
- Very liquid
- Build wealth generationally
- Each member of the family can benefit – but you keep control
Next Steps:
Since 2011, we've helped 100s of Canadian families and business owners set up the Infinite Banking Concept the right way. We are official Authorized IBC Practitioners with the Nelson Nash Institute click to verify here.
To discuss if this financial concept can be right for you, schedule a no pressure Discovery call with our advisors. We will let you know if this concept is a good idea for you or not. We have no pushy salespeople on our staff.
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