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1) Protect your principal investment.
2) Recapture principal and interest paid to banks.
3) Grow your money tax deferred.
4) Allows access to money at any age, penalty free.
5) Allows you to control the growth of your money.
6) Offer protection from lawsuits and creditors.
7) Earn guaranteed returns.
8) Allows you to withdraw funds tax free.
9) Pass on your wealth tax free to your family.
Possible Uses of the Infinite Banking System
1) Medical Insurance – This system works well for people who are “un-insurable”.
2) Car Insurance
3) Life Insurance
4) Buy Sell Agreements
5) Pension plans for employees
6) Home Mortgages
7) Car, Boat financing
8) Equipment financing
9) Estate planning
10) Charitable trust and giving
11) College savings plan
12) Leasing business
13) Retirement planning
14) Eliminates need for Social Security
15) Can cover multiple generations – good method of teaching and transferring
wealth to successive generations.
16) Business financing
17) Others - ?
"Be Your Own Bank".