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Can I still use IBC if I'm not a US Citizen?

Many people come to me from other countries asking if they can qualify for an Infinite Banking Concept here in the United States. It’s an attractive idea to many people, not just Americans. But the answer may not be black and white. It depends on if your circumstances fall within certain parameters. 

For instance, let’s say you’re a citizen of Australia. Many countries outside the US, including Australia, don’t even offer whole life products. This makes it impossible to use IBC there unless you have a vested interest in the US. If you do have a vested interest in the United States, there may be hope for you yet. 

What does it mean to have a vested interest in the US?

Well, do you have a business in the US? 

Do you travel to the States a lot? 

Do you have a US based bank account? 

Do you own property in the States?

If you answered “yes” to most of these questions, we can probably get you a policy here in the United States. 

You’ll also need a form of identification from your home country to qualify.

Maybe this is a working Visa, an EIN number, or something we can use to present to the underwriter that verifies that you are who you say you are. 

For my Canadian friends, you don’t need an interest in the US to get a policy.

We can of course go this route if you choose, but it’s not necessary. You can get a policy right in your home country. But your laws in Canada differ slightly from those in the US when it comes to Whole Life policies. So our The Money Multiplier team will refer you to our Canadian partners to walk you through that process. 

If you’re wondering if you may qualify for a policy here in the US, it doesn’t hurt to get on the phone with us and ask. But before you do, please watch this video. Start there and then schedule a consult with my team when you’re ready to begin. 

The Money Multiplier

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