FAQ: What Is The Minimum Amount To Get Started With Infinite Banking?
Yesterday's blog post highlighted Premium Financing which excludes the majority of households in American due to income and net worth requirements. Link
Today I'm going to cover the other end of the spectrum which is how you can started with the minimum amount needed to fund an Infinite Banking policy. This is one of the most Frequently Asked Questions (FAQ) I get.
Assuming good health, the minimum contribution to fund an Infinite Banking designed policy is going to be anywhere from $250 to $500 a month depending on age. The younger you are, the lower the minimum funding levels. As you get older the minimum needed to fund an IBC designed policy will increase, hence the range of $250 to $500 a month.
For juvenile policies (ages 0-18), the minimum funding starts at $100 a month. Newborns can be insured as young as two weeks old. Forget about those Gerber Life policies. They don't pay dividends because they are non-participating policies. I recommend a dividend paying Whole Life so your babies have the ability to practice Infinite Banking as an adult when they come of age.
