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Banking with life – What to expect

The phrase ‘Banking with Life’ was coined by our good Friend and Authorized Infinite Banking Practitioner Colleague Mr. James Neathery. Banking With Life: The Infinite Banking Concept® Documentary was developed by James and is available on DVD.
In Banking With Life, you will learn that you can take control of your financial future by turning the banking equation in your favor. You can literally Become Your own Banker, and it is easier than you think. The Infinite Banking Concept® is a proven system that has been around for many, many years.

R. Nelson Nash, the developer and founder of the Infinite Banking Concept, and a lifelong student of the Austrian School of Economics definitely influenced the development of “Banking with Life”. No matter what your economic beliefs are, Banking With life is right for you because it radically improves anything that you are already doing financially.

banking with life, benefits

Creator of: Becoming Your Own Banker, Nelson Nash and Ascendant Financial Inc. CEO Jayson Lowe


Nelson Nash

Nelson Nash is the creator of The Infinite Banking Concept® and the author of Becoming Your Own Banker. Nash remains a popular teacher and lecturer on the Infinite Banking Concept® through dividend-paying whole life insurance, speaking more than fifty times per year across the country.

Robert P. Murphy, PhD.

Robert P. Murphy is the author of How Privatized Banking Really Works and The Politically Incorrect Guide to Capitalism, and has written for Mises.org, LewRockwell.com, and EconLib. He has taught at Hillsdale College and is currently a Senior Economist for the Institute for Energy Research.

Paul A. Cleveland, PhD.

Paul A. Cleveland serves as Senior Research Fellow at the Institute for Faith, Work, and Economics. He is a Professor of Economics and Finance at Birmingham-Southern College.  He serves as an adjunct scholar for the Alabama Policy Institute, and as a part-time scholar for the Apologetics Resource Center.

Carlos Lara

Carlos Lara is the Author of How Privatized Banking Really Works, and is CEO of United Services and Trust Corporation, a consulting firm specializing in corporate trust services, business consulting and debtor-creditor relations.  He lectures on the topics of the Federal Reserve and Austrian Economics.

David Stearns

David Stearns is the President of Infinite Banking Concepts, Inc.  David Stearns joined Nelson in June 2004 after retiring from the U.S. Army as a Lieutenant Colonel. David served 27 years in the Army, first as a field artillery officer, then as an Army aviator.

James C. Neathery

James C. Neathery is the CEO of James C. Neathery and Associates, Inc.  He has been in the life insurance industry for more than 22 years, and has been educating others and personally practicing The Infinite Banking Concept® for more than seven years.

At Ascendant Financial Inc., we’ve been educating and coaching Canadians on the process of Becoming Your Own Banker, The Infinite Banking Concept since 2008.  All of our Advisors are Authorized Infinite Banking Practitioners with the Nelson Nash Institute.

 Banking with life benefits

It all began with the book, “Becoming Your Own Banker”, by R. Nelson Nash.

An excerpt from the book can best answer the question: “What is Infinite Banking?”

“This book is not about investments of any kind. It is about how one finances the things of life. It is not about rates of return. As time goes by interest rates are up and interest rates are down — but the process of banking goes on no matter what is happening. It is a well known fact that banks make more money during times of low interest rates than when rates are high.”

One of many advantages of banking with life is the fact that a policy owner can recapture the interest that one pays to banks and to finance companies for all the things one needs throughout ones lifetime, such as cars, education, investment opportunities, business equipment, essentially anything that you would otherwise pay cash, lease or finance.   

Wealth without Bay Street is a term we have coined for achieving financial freedom and control.

Banking with Life Q&A

How soon can I take out a policy loan? 

Depending upon the Life Carrier, it can be as early as immediate or as long as one year after the policy is settled.  Every company is a little bit different.

Can I use RRSP’s or other Registered Accounts as a source of premiums without paying tax? 

The short answer is no.  You cannot withdraw from a registered account without paying tax.  An Authorized practitioner on our Team would work with you and your Accountant to determine what’s best for you. 

What is a maximum amount that I can put in initially or at one time?

The premium is paid either monthly or annually and the structure of the policy involves two primary components (1) a base or minimum required premium and the second (2) an excelerated or additional deposit option, otherwise known as paid up additions / PUA.  The policy must be designed optimally to implement the process.  It is important to work with someone who is thoroughly familiar with how to structure the policy or system of policies for you.

When borrowing, who controls the repayment schedule?

The policy owner controls the repayment schedule.  The Life Insurance Company does not require a repayment schedule because the insurance company itself guarantees the collateral (the cash value) for the loan. 

Take control of the Banking function as it relates to Your needs

The reason Nelson named it “infinite” is because you cannot put boundaries on infinite.  What you can do with this process in your life is only limited to the extent of your imagination. 

The fact is someone must control the banking function in your life, and that person should be You.  And isn’t it true that today, all of your money is presently flowing through the books of someone else’s bank?  It doesn’t have to be that way.  By implementing the process of Becoming Your Own Banker, you take control of the banking function in your Family or Business.  And when you do that, you can achieve a peaceful, stress free financial life. 

Banking with life Expert

Schedule a call with one of our experts to see how Banking with Life will improve anything that you are already doing financially.