Are your RRSPs at the mercy of market instability?

Are you tired of market ups and downs and unpredictable returns?

Did you know you can invest your cash, RRSP, RRIF, or LIRA securely and safely with top profitable real estate developers, including Lamb Development Corp?

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This is a continuation of the previous blog entry entitled “The Infinite Banking Concept: Scam or legitimate?”

We established that the Infinite Banking Concept (IBC) or system is not a scam. However, it is definitely not for everyone.  If you have decided to proceed with this strategy you must ensure it is carefully planned and implemented using the right type of product.

Choosing the right product could be a daunting task, as there are many types of universal life and whole life policies in the Canadian market.  Perhaps a good approach would be to enumerate the ideal features we seek and go from there. 

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I have been asked on several occasions my thoughts on the Infinite Banking Concept (IBC) or System, both by clients and other brokers.

Basically, the idea is that you can become your own banker.  Over time, you create a “bank account” by building cash reserves within a participating whole life insurance policy (i.e. one that pays dividends).  You can then borrow funds from this account and pay yourself the interest, rather than paying another lending institution.  By doing this, you not only save on interest, but your account continues to grow exponentially.

At least that is the theory.

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