When structured using one of our Bank on Yourself concepts, participating whole life insurance policies offer you insurance protection, a tax-free death benefit, and a cash value that is designed to become a supercharged asset you own and control; one that allows you to build equity year over year through guaranteed contractual returns and potential dividend earnings.


Think of participating whole life insurance as the savings vehicle, and our Bank On Yourself concepts as the turbo fuel injector that supercharges the strategies needed to grow the cash value over time. You can leverage this equity in your policy to finance anything you need, whenever you need. It’s like having your own personal, lifelong, savings account that continues to grow uninterrupted—even when you borrow from it! You control your money.


Since our Bank on Yourself concepts are unique and intricate, the whole life policy must be structured by a licensed life insurance agent with specific training and credentials in these types of concepts—which include Bank on Yourself and the Infinite Banking Concept.

Here are just a few of the ways you can use a Bank On Yourself plan 

Education –  Use a Bank On Yourself plan to guide education savings for your child or grandchild instead of an RESP. You can take a policy out on your child within the first year of birth at lower, affordable rates to start saving for their post-secondary education in advance with guaranteed growth, so you will know what is available when the time comes to use it.The cash value can be used for other purposes if you child decide not to go to university, giving you more flexibility that way.

Securing Retirement – A Bank On Yourself plan accounts for an additional stream of retirement income when you stop working. Better yet, you’ll have peace of mind knowing exactly the minimum guaranteed value of your account on the day you decide to tap into it. An RRSP is tax-deferred and subject to market fluctuations and volatility, and can’t provide you with the same guaranteed value of funds when you retire.Not to mention thatbthe RRSP might reduce the OAS amount you could receive.

Legacy Planning –  A Bank On Yourself plan sets you up with the ability to earn annual dividends on top of guaranteed returns. These dividends can be used to purchase additional insurance which helps to accelerate the growth of both the cash value and death benefit of your policy—a great mechanism for building wealth and leaving a legacy for future generations.

Charitable Giving – If you make regular contributions to a charity, a Bank On Whole Life plan can strategically amplify the amount of your charitable gift and reduce your estate’s income tax without impacting your family’s inheritance.

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