Health Insurance Services, Inc. is now an

Authorized Representative for Your Family Bank.

INFINITE BANKING IN A NUTSHELL

The Infinite Banking Concept isn’t new.  It’s more than 100 years old and has been utilized by the rich for that long.  People like Walt Disney, JC Penny’s, McDonald’s & Pampered Chef have all used the Infinite Banking Concept to start, grow, or rescue their business & personal lives.  Here’s how it works.

 

To grasp any of this, you need to wrap your head around the concept of spending your money in a different order.

Let’s first review a regular bank.  If you deposit money into a regular bank, they pay you interest on that money.  A pathetically small amount of interest, but interest none the less.  Of course, it follows that if you take your money out of the bank, the bank no longer pays you interest on that money.

 

Let the fun begin!

First, instead of a traditional bank, you deposit money in a ‘certain’ financial institution.  This particular financial institution pays you guaranteed 4% interest on your money.

Next, when you need your money, instead of taking it out, you get a loan from the institution, using your deposit as collateral.  The interest on that loan is generally the same 4%.  Ie, I’m making 4% and I’m paying 4%.  Now here’s the interesting part about the loan.  You can pay it back today, tomorrow, or never.  Depending on your purpose or plan, you might want to pay back the loan or you might not want to pay it back.  More on that later.

Here’s the overall goal.  By making regular deposit that you never actually take out, your base account grows and grows and grows and you keep making 4% compound interest on each deposit and interest on interest.  Depending on how much money you redirect, this can either be a very nice addition to your income or an income replacing windfall!  And think about this:  You don’t pay income tax on a loan!  You could create a tax free retirement!

 

But that’s only 1 piece of the overall puzzle called the Infinite Banking Concept.  The other piece is the speed that it can pay off your debt, which seems unbelievable until you study the math.  If you combine the first 2 steps above with debt snowballing, then 15 to 30 years of debt can be eliminated between 5 to 10 years on average.

Now the question comes:  If this is so easy, why isn’t everyone doing it.  Well I never said it was easy to set up, but it is easy for us to set it up for you.  More importantly, not every institution can do this.  If you take 20 financial institutions, maybe 2 or 3 have the legal ability to do this.  Once you find a company that can do it, not every type of account works.  It might be 1 out of 10.  Next is the math.  If you set it up wrong, the whole thing is taxable.  Not Good!

 

When some people view the results, they ask, Is this legal?  Completely!  Remember, the rich have used it for more than 100 years.  It is one of the most creative uses of contract law and tax law and a combination of 2 different financial products.

 

Is that all the details?  I’m afraid not, but we’re happy to share how to make it happen.

 

So here’s the final question:  If we could should you a way to pay down any debt you might have, in half or less than half of the time, and, save you much of the interest you would have payed, and likely have your credit score increase, and create tax free money to spend, and about 8 other reasons, why wouldn’t you do it?

 

Remember, this is just the nutshell.  Come talk to us at Debt Free Minnesota.  If what we share in a one on one meeting doesn’t make sense, then don’t do it.   Call us to find out more at 877-214-2500.

Health Insurance Services

1604 1st Street South Suite 260

Willmar MN  56201

(320) 235-2500

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