Infinite Banking? Do or Don’t

[Darrell Bazemore]

Hey there,

I’ve recently come across this concept and after doing light research I cant seem to find anything wrong with this personal finance system thus far. I got a quote to see what the cash value is year 1 and it looks good too (guaranteed $6500 & $13.3k end of year 1 and 2 respectively). Even though I understand that I would need to put $500 minimum per month to make it work, but if I break even on payments vs cash value in like early YR 3, would it not be worth it? Couple of details: guaranteed growth rate 4% insurance company has been paying out dividends at 6% and policy loan interest rate is at 5%. Payments around $600/mo which I can build around that. What do you think? Am I crazy or would this be a good idea?