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It seems like the name of this concept changes once a month. You may have heard it referred to as a perpetual riches approach, family members banking, or circle of wealth. No matter what name it's called, boundless banking is pitched as a secret way to construct wealth that just rich individuals understand about.
You, the policyholder, put cash right into a whole life insurance plan via paying premiums and getting paid-up enhancements.
The entire idea of "banking on yourself" just functions since you can "bank" on yourself by taking financings from the policy (the arrow in the graph above going from whole life insurance policy back to the policyholder). There are 2 different sorts of car loans the insurance provider may provide, either straight recognition or non-direct recognition.
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