An Episode About Infinite Banking That's Not About Infinite Banking

Insurance Pro Blog Podcast

We realize the title is a bit confusing, please don't get hung up on that. It's a critique of a Dave Ramsey video on Youtube that's a critique of Infinite Banking...except that Dave's rant has nothing to do with Infinite Banking. It's a rant where he flails about how much he hates whole life insurance, the companies that sell it, and that anybody who suggests it as an option for their clients is lying scum.

Most of the time, we ignore the bald man from middle Tennessee. But we've had a few people ask us about his rant from a couple of years ago that you can find on Youtube where a caller to his show is asking about Infinite Banking. Dave never addresses his beef with Infinite Banking, but he lampoons everything related to whole life insurance. And insults the adviser who presented it to the caller.

In today's podcast, we walk through several of the points that Dave makes, and we point out where's wrong, misunderstands, and outright lies to the caller. It's good to be a financial advice guru with no responsibility to give accurate advice to anyone. We (and other advisers like us) must support and see through the plans we help our clients put in place. _____________________________________

If you'd like to explore the concepts of infinite banking and whole life insurance that can work to support that idea, please click right here to get in touch with us. We've helped hundreds of people who were looking for that very thing over the last 11 years and we'd be honored to help you as well.