Be Your Own Banker - Invest in Yourself Using PEI’s “Be the Bank”™ Process

"Be Your Own Banker" is a phrase popularized by R. Nelson Nash and a creative collection of today's financial planners. Although "self-bank" concepts have been around for nearly a century, this long-term, asset-building solution has been refined and used by wealthy "insiders" for the last two decades.

Be Your Own Banker - Maximize Your Wealth Using PEI’s “Be the Bank”™ Process

To “Be the Bank”™ means yourecapture some of the principal, interest, and finance charges that you would otherwise pay to traditional banks and lending institutions. As crazy as it sounds, the idea is for you to self-finance homes, cars, educations, vacations, and other major purchases, while paying yourself back the interest on a tax-free basis!

Although a bit complex to structure, PEI’s “Be the Bank”™ Processis rock-solid and time-tested. In basic terms, you establish your own banking network using specially-structured, dividend-paying, whole life insurance policies. Simply, once you capitalize a life insurance policy (i.e., one of your personal "banks") to a certain level, you can borrow from that policy on the same terms as a traditional banking institution.

For instance, you can borrow funds from one of your whole life insurance policies to purchase a family car. You then pay your policy back on a monthly basis, at a standard rate of interest (say, 8%), amortized over a standard term (say, 48 months). As you pay your policy back the principal and interest, just as you would a traditional bank, your policy recaptures that money and builds wealth, tax-free, on your behalf. Then, you do it again, borrowing from yourself to purchase the next car.

Over time, you create more personal "banks" by funding additional life insurance policies. Not only can you self-finance more of your personal assets, such as your home, second car, education, vacation, etc., but you accumulate additional death benefits too. In addition, whether you borrow funds or not, your life insurance policies continue to accrue dividends on their own. Every time you avoid paying interest to an outside lender - instead paying it to yourself - your personal banking network increases its long-term assets, lending strength, and retirement security.

 The more you use PEI’s “Be the Bank”™ Process, the more your wealth increases.