Infinite Banking has been called the black box secret for the ultra-wealthy because of the ability for high net worth individuals to contribute 7 or 8 figures into an IBC designed Whole Life policy. For these individuals, 401k's and IRA's are non-starters because quite frankly $6,000-$24,000 is a mere drop in the bucket of the assets they have.
Let me add if high net worth individuals are willing to contribute substantial assets to Infinite Banking life insurance policies, there's some pretty important reasons why. You can learn more about Infinite Banking here: http://www.CashValueBanking.com
Premium Financing basically takes the Infinite Banking strategy and puts the strategy on steriods thru bank financed premium. Watch the video above for an introduction on Premium Financing.
If you're wondering if you would qualify for Premium Financing, know that the typical person implementing a Premium Financing plan generally has a 7 figure income and a net worth north of $10 million. There are some exceptions though.
If you would like to learn more Premium Financing after watching the video, please visit my calendar at http://www.vcita.com/v/john.montoya
That's some mind blowing stuff right there, never heard about this kind of thing before, though not surprised I suppose, the rich not needing to spend their own money is nothing new is it. Thanks for posting.
Thank you for the comment! The actual numbers are mind-blowing, too, and tax-free to boot. 401k/IRA's are for minnows is the best way I can relate this to in Steemian terms.