Infinite Banking with IUL or Whole Life Insurance: A Comparison

The banking sector continues to grow every day. Today, more than half of the world’s largest private sector companies are banks. As such, both insurance companies and companies providing banking services constantly update themselves. They continue to make a name for themselves with their work and the products they introduce. Undoubtedly, the infinite banking option draws attention as one of these alternatives.
Infinite Banking is a powerful concept that involves individuals and families using life insurance policies as a specialized strategy to build wealth and financial flexibility. Here, we will explain how Indexed Universal Life (IUL) insurance can be used for Infinite Banking and how it differs from whole life insurance.