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benefits of becoming your own bank

Advantages to Becoming Your Own Banker

Many people are drawn to the idea of “becoming your own banker” with an Infinite Banking Policy, but not all are familiar with the many advantages and benefits of doing so. What does it really mean to become your own banker? How is this a benefit to you?

Let’s dive into some of the most significant advantages of using the Infinite Banking system and what that means for you: (yes, there’s way more than these 8!)


When you use traditional banks and financial institutions, you give up control of your dollars to them. They are able to use and benefit from the dollars you leave there. Sounds like a scam, right? 

But with Infinite Banking, you, the policyowner, have complete control over your financial future. You are no longer at the mercy of banks or other financial institutions and your Infinite Banking System benefits YOU, not someone else.


What would it mean to you to always have access to your money? Your banking policy makes this reality. Your money is always available to you, and you can access your cash value at any time without penalty or taxes with policy loans.

Tax-Free Growth

The growth of your cash value inside your banking policy is tax-free. As long as your policy remains in force, you will not pay taxes on the growth of your money and you will be able to borrow and use your cash value, including your interest earned, without owing taxes on it. Even the death benefit is tax-free!

Uninterrupted Compound Interest

We are often taught that “loans are bad” and “withdrawals are better than loans.” However, this isn’t true when using your private bank. This is because withdrawals intterupt the compounding happening inside your policy, resulting in less growth of your money. Policy loans are a better option because they allow your cash value to continue to grow while you’re using it simultaneously. Win-win! (Learn more about taking policy loans here.)


When you take a policy loan, your cash value gets deposited into your regular bank account, where you can use it for anything you normally use cash for. Of course, the best use of your cash value will always be something that will increase your cash flow in some way, like investing in real estate, paying off debt, etc. But the point is, you get to decide what your money will be used for. 

Guaranteed Returns

Your policy provides a guaranteed rate of return. The insurance company is contractually obligated to pay you this rate, meaning there is little to no risk involved with these Infinite Banking policies.

Creditor Protection

Your policy is protected from creditors in most states. This means that your money is safe even if you are sued or file for bankruptcy. *Check with your state and local rules and regulations to see if this pertains to where you live.

Legacy Planning

When the insured person on the policy “graduates,” the insurance company will pay out the death benefit tax-free to the beneficiary or beneficiaries. This provides a huge windfall of cash that Uncle Sam doesn’t have rights to, which can be used by your loved ones when they need it most.

With all these benefits, it’s no wondering the wealthy have been using this method for hundreds of years. But it’s not just available to the wealthy. The benefits of Infinite Banking are available to everyone! And there’s no better time become your own bank than right now. (Check out this article on how you can get started with the Infinite Banking Concept).

Want to dive deeper into this topic? Check out our podcast on Advantages of Becoming Your Own Banker: Apple / YouTube

When you’re ready to get started on creating your financial legacy or if you have more questions, most questions can be answered by watching this video. Start there and then schedule a consult with my team when you’re ready to begin.

Freedom, Interest, Control

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