Feb 26, 2020
Welcome to Finance and Fury, The Say What Wednesday Edition. Where we answer your questions.
I'm Louis Strange and today's question comes from Mark.
Hi Louis, I just heard about IBC (INFINITE BANKING CONCEPT) and I would like to know your input on it. They are saying you can be your own bank by setting up a cash flow whole life insurance policy. Then you are able to borrow against your liquidity, I would like to hear your thoughts on it.
– this probably can’t work in Australia – run through what this is first and then go through reasons why
– History
Thanks for the question Mark
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