One of the virtues of a dividend-paying whole life policy is the control the owner has over his money. In particular, policy loans are a very convenient way to access wealth stored in this fashion. Nelson Nash’s Infinite Banking Concept (IBC) uses policy loans as a way to “become your own banker.” Rather than relying on outside financiers and the associated interest payments, Nash encourages individuals to build up a warehouse of wealth inside one or more (appropriately designed) life insurance policies, so that major purchases can be financed through policy loans and paid back on the owner’s own terms.
“Two roads diverged in a wood, and I took the one less traveled by…” These are the beginning words of one of the creates sentences ever penned. it is famous because it instantly creates the image of that divide in our minds and places us right in the center of it. But these are not just words; they represent a real-life experience we have all had. Only a small percentage pick the road we have picked. it is so reminiscent of the page of the 10%.