Infinite Banking in Canada

[Lalit R.]

I am researching the concept of Inifinite banking and how it can be setup in Canada. There are a few practitioners who can hep setup a High Cash Value Par Whole Life Insurance Policy with Dividends as the main engine. So the question is has anyone done it? Is it worth the effort? What are the pitfalls given limitations due to tax clauses in Canada?

Wont it be better to actually manage the funds yourself and buy a Term insurance instead? The returns are never guaranteed in Canadian Whole Life insurance and so we can decouple the product as Insurance + Forced investment.

Opinions and views are welcome.

Lalit