Premium financing is really the photo negative of infinite banking when it comes to borrowing with life insurance. With premium finance, you borrow from a bank to fund a policy so you can use your money for other things. Conversely, with infinite banking, you fund your policy with your own money and subsequently borrow against the policy when you want to use it for other things.
This video explores how each of them works using a visual example then discusses why to use infinite banking over premium finance. One has to do with maximum leverage and the other has to do with maximum control and versatility.
Read our Ultimate Guide to Premium Finance in 2021:
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