Infinite Banking, or the Infinite Banking Concept (IBC), is a financial strategy that uses a specially designed whole life insurance policy as a personal banking system. Popularized by Nelson Nash in “Becoming Your Own Banker,” it leverages the cash value of a dividend-paying whole life insurance policy issued by a mutual life insurance company. Structured to maximize cash value, the policy grows tax-deferred and can earn dividends, offering a stable, predictable increase in value. Policyholders can borrow against the cash value with no credit checks or strict repayment schedules. Loans don’t interrupt the policy’s growth, and any unpaid loans are deducted from the death benefit, which provides a tax-free inheritance. Infinite Banking offers tax advantages, liquidity, and flexibility, allowing individuals to reduce dependence on traditional banks while accelerating wealth accumulation and providing financial control.