Frequently Asked Questions
Get answers to the most common questions about Banking For Legacy, financial control, wealth building, and the Infinite Banking Concept.
Getting Started
What is Banking For Legacy?
Banking For Legacy is an educational company that helps families, business owners, and investors create greater financial control, build wealth, and leave a lasting legacy through proven financial principles and strategies.
Is Banking For Legacy a bank?
No. Banking For Legacy is not a bank, credit union, or financial institution. We provide education and guidance designed to help individuals and businesses think differently about money, cash flow, and long-term wealth creation.
Who is Banking For Legacy for?
Our clients typically fall into one of three categories:
Families
Business Owners
Investors
Anyone looking for greater financial control and long-term planning may benefit from learning these concepts.
What is the Infinite Banking Concept?
The Infinite Banking Concept is a financial strategy developed by Nelson Nash that uses properly structured participating whole life insurance to create greater control over capital and financing decisions.
Infinite Banking
Is this an investment?
No. The Infinite Banking Concept is not an investment. It is a strategy designed to improve financial control, liquidity, and long-term planning.
Can I access my money?
Policies designed for Infinite Banking typically provide access to cash value through policy loans, subject to policy terms and conditions.
What happens when I take a policy loan?
Policy loans allow you to access available cash value while maintaining ownership of the policy. Loan provisions vary by carrier and policy design.
Can business owners use this strategy?
Yes. Many business owners use these concepts to improve cash flow, create financial flexibility, and build assets outside their business.
Business Owners
Can I use policy loans to purchase equipment?
Many policy owners choose to use policy loans for business opportunities, equipment purchases, and other financing needs. Individual results vary based on policy design and circumstances.
Can this help with cash flow?
The strategy is often used to create additional flexibility and control over capital, which may support cash flow planning.
Can I use this strategy to help pay for college?
Many families use policy cash values as part of their education funding strategy. Every situation is unique and should be evaluated individually.
Can this be used for major family expenses?
Policy owners often use available cash value for family expenses, opportunities, and unexpected events while maintaining control over repayment.
Families
What is legacy planning?
Legacy planning focuses on helping future generations through intentional financial decisions, asset transfer strategies, and family stewardship.
Is there any obligation?
No. The initial conversation is educational and designed to help you better understand your options
What happens during the first conversation?
The first conversation is designed to learn about your goals, answer questions, and determine whether Banking For Legacy may be a good fit for your situation.
Working With Nelson
How do I get started?
Simply schedule a conversation and we'll begin by learning more about your goals and answering your questions.
Still Have Questions?
The best way to determine whether Banking For Legacy is right for you is to schedule a conversation.