How Do I Start Practicing Infinite Banking?

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Practicing Infinite Banking involves using a dividend-paying whole life insurance policy to create a private banking system that allows you to save, borrow, and invest through your policy. 

To get started with Infinite Banking, follow these steps:

Research and educate yourself: Familiarize yourself with the concept of Infinite Banking and the principles behind it. Read books, articles, and watch videos to understand how it works and the potential benefits it can offer.

Consult a professional: Reach out to a financial advisor or insurance agent experienced in Infinite Banking. They can help you assess whether this strategy is suitable for your financial goals and provide guidance on setting up and managing your private banking system.

Choose the right policy: Work with your advisor to select a dividend-paying whole life insurance policy from a reputable mutual insurance company. The policy should offer strong cash value accumulation and favorable loan provisions. Make sure you understand the policy’s features, fees, and limitations.

Design the policy: Structure the policy to maximize cash value growth and minimize the time it takes to build substantial cash value. This may involve optimizing the premium, adding paid-up additions (PUAs), or utilizing a high early cash value (HECV) rider.

Fund the policy: Pay your premiums consistently and consider funding the policy up to the maximum allowable limit under IRS guidelines (Modified Endowment Contract or MEC limit) to optimize cash value growth.

Build cash value: Over time, your policy’s cash value will grow as you pay premiums and earn dividends. Be patient, as it takes several years for the cash value to accumulate to a significant amount.

Access cash value: Once your policy has built up enough cash value, you can start using it through policy loans or withdrawals to finance purchases, investments, or other financial needs. Always make sure to repay the policy loans and manage your policy responsibly to maintain the benefits of Infinite Banking.

Review and adjust: Periodically review your policy performance and financial goals with your advisor. Adjust your strategy as needed to ensure that your private banking system remains aligned with your objectives.

By following these steps and working closely with a knowledgeable advisor, you can start practicing Infinite Banking and build a private banking system that supports your financial goals.

You can download the full report “Unlocking Your Infinite Banking Questions” here.

You can watch all of our educational videos on Infinite Banking here.

To schedule a strategy session with the Producers Wealth team, please complete and submit this form, and a team member will reach out to schedule your strategy session.


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The concept of infinite banking revolves around using a dividend-paying whole life insurance policy as a personal “bank.” This method allows individuals to borrow against