Episode 35: Why Banks Practice IBC

If you’re new to Infinite Banking, you might be thinking: “I don’t know anyone who does IBC”. But guess what? The largest banks in the world have been buying billions of dollars of high early cash value life insurance policies for decades: Bank Owned Life Insurance (or BOLI).

In this episode, we are inspired by author Barry James Dyke and his books The Pirates of Manhattan I & II to share one of the biggest financial secrets hiding in plain sight… that banks are the largest purchasers of permanent life insurance in the entire world! All of this is public record if you know where to look.

If banks are buying billions of dollars of cash value life insurance every year, there must be some pretty amazing reasons why you should consider doing the same, right?

Copies of FDIC.gov bank balance sheets mentioned in this episode:

  1. Wells Fargo (download)
  2. Bank of America (download)

Take a listen and if you’d like to schedule time with the hosts to get your questions answered, feel free to contact us below:


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