Ready for Infinite Banking

How Do I Know If I’m Ready for Infinite Banking?

Are you learning all you can about Infinite Banking … and wondering if you’re ready for Infinite Banking?

Today, we’ll talk about what’s probably going on for you as you make this decision. We’ll discuss:

  • The problems you’re looking to solve
  • The mindset you need
  • How to know if you’re not ready yet
  • How to go from interested to securing your first policy

So if you want to know if you’re ready for Infinite Banking… tune in now!

Is Buying Life Insurance a Big Life Decision?

[4:05] “I would say this is a medium life decision. And the reason I say that is, obviously, there’s nothing more important than your family.”

By this, Bruce means that choices that affect your family and your income are probably “bigger” life decisions. However, buying life insurance isn’t a small decision by any means. Having a death benefit in place gives you the freedom to live your life a little bit differently. It’s like car insurance. You’re going to drive much differently if you don’t have car insurance. So, it’s generally a good idea to have it. 

Life insurance helps you to live life without reservations. It also acts as a great place to store and build your cash reserves so you can enjoy your money. 

[4:45] “You’re not living your life to the maximum unless you know that your lifetime income is protected for your family.”

Is Life Insurance a Good Investment?

[7:20] “If you’re looking at this as an investment, it’s not a good investment. Because the internal rate of return on [whole life insurance] is not going to be great when you consider external rates of return on [actual investments].”

The thing is, life insurance isn’t an investment, and we encourage you not to think of it like one. On top of being an insurance product, it’s also an efficient savings tool—that’s it. And when you apply the principles of the Infinite Banking Concept, you create a pool of capital that works harder than a typical bank account. 

Cash value of life insurance is not an investment. It’s not going to make you a high rate of return. However, it can protect your wealth, your family, and make it easier for you to invest in cash-flowing investments down the line. 

How to Make Good Decisions

Life insurance can be a big decision. You must consider the costs of having insurance, the costs of not having insurance, and a dozen other small decisions in between to find the right fit for you and your family. It’s not a simple decision to be made overnight. 

To make the best decision possible, it’s wise to consider the logical aspect AND the emotional aspect. The logistics are all about what type of policy, how much you’re going to fund the policy, if it’s a good fit for your family, how you’re going to make payments, etc. You also want to compare it to other places you can store your cash, and ask: is this the best place to store it? Thinking from a logical standpoint is going to help you decide if whole life insurance is something you can commit to fully. 

On the other hand, the emotional side is determining how it’s going to help or hinder your peace of mind, whether it will make you feel more secure, etc. You want to feel good about the decision you’re making emotionally too. 

Once you’ve weighed these details, you should come to a decision with full commitment. This is a lifelong decision if you choose to buy whole life insurance. And while you might not pay on it for your whole life, depending on how it’s structured, it’s something you’re going to keep using forever. Don’t go into the decision with a contingency plan, or you’re not truly making a full commitment. 

The Advantages of Infinite Banking

If you’re putting in the work to research and consider infinite banking, and you have a decent savings capability, there’s a good chance you’re ready for infinite banking. We encourage anyone who is interested in implementing the concept to consider doing it as soon as you can. For starters, the sooner you have that protection in place, the sooner you can have that peace of mind. 

Secondly, if you’re looking for the most efficient place to accumulate and use cash, whole life insurance is your best bet. And the sooner you start saving into a whole life policy, the sooner you can benefit from and use that money. In particular, you can benefit from a better growth rate than what you’ll get at the banks, though it takes some time to get rolling.

[36:45] “We see between 3 and 5 percent historical growth on a long-term basis if you’re looking about 30 years plus, in a policy. What that means is, if you look at the ending cash value amount, and you consider all of the premium that has been paid in, it would have required that growth rate in order to reach that cash value amount.”

What’s really interesting is that this is considered a “net” rate. In other words, this 3-5% is after you’ve factored in all the costs of the policy. Additionally, this account isn’t a typical investment, and therefore, that growth isn’t taxable (unless withdrawn). 

The Right Mindset to Be Ready for Infinite Banking

[40:23] “The mindset that you need to be able to [get started with Infinite Banking]…is not one of fear, but one of abundance. Not thinking ‘I’m afraid of the outcome, the consequences, I’m not sure if I’m making a good decision.’ That is operating in scarcity. And ultimately, what you need is to be thinking and operating in a position of abundance. And I don’t just mean having a lot of money.”

[41:00] ‘Abundance thinking is thinking of the world as an infinitely amazing place that has infinite possibility. And if we really want to break it down all the way to what money truly is, it shows you that money is the result of you exchanging value with another human being. Which means you have infinite ability to increase the value you provide to others, so you have infinite earning potential.”

You’re Not Ready for Infinite Banking If…

If you don’t yet have good savings habits or don’t have savings built up, you probably aren’t ready. You wouldn’t skip kindergarten to go to college. We encourage you not to skip the process of creating a savings habit on your own. Working on these habits with a regular savings account will make the process of having whole life insurance much easier in the future. 

If you still want insurance in the meantime, consider getting convertible term insurance, so you can get coverage now. Then, as you’re ready, you can convert that term insurance into whole life insurance without needing to get a physical exam again. 

If you have a small income or only have a small savings capacity, but you’re a consistent saver, you’re ready! You might think it’s better to wait until you’re capable of more. However, you can always buy another policy later. What you can’t do is recover your lost time (or dollars). So if you’re a good saver, it’s a good time to go for it. Your first policy might not be as much as you’d like. But you’ll be glad you got started. Any step you can take today is going to be so helpful.

Book A Strategy Call

Do you want to coordinate your finances so that everything works together to improve your life today, accelerate time and money freedom, and leave the greatest legacy? We can help!  Book an Introductory Call with our team today, and find out how Privatized Banking, alternative investments, or cash flow strategies can help you accomplish your goals better and faster. That being said, if you want to find out more about how Privatized Banking gives you the most safety, liquidity, and growth… plus boosts your investment returns, and guarantees a legacy, go to to learn more.

Rachel Marshall

Rachel Marshall is a devoted wife and nurturing mother to three wonderful children. Rachel is a speaker, coach, and the author of Seven Generations Legacy™, passionate about helping enterprising families unlock their true potential and live into the multi-generational legacy they are destined for. After a near-death experience, she developed a deep understanding of the significance of recognizing and embracing one's unique legacy As Co-Founder and Chief Financial Educator of The Money Advantage, Rachel Marshall is renowned for her ability to make money simple, fun, and doable. She empowers her clients to build sustainable multi-generational wealth and create a legacy that extends far beyond mere financial success. Rachel's expertise lies in helping wealth creators remove the fear of money ruining their children, give instructions for stewarding family money, teach financial stewardship and create perpetual wealth through family banking, and save time coordinating family finances. Rachel co-hosts The Money Advantage podcast, a highly popular show that delves into business and personal finance, including how to effectively manage finances, protect wealth, and generate sustainable cash flow. Rachel's engaging teaching style and practical advice have made her a trusted source of financial wisdom for her listeners.
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