Bank On Yourself IS Legitimate – 7 Reasons Why

A question we often hear is, “If Bank On Yourself is so good, why isn’t everyone doing it?  And why haven’t I heard about it before?”

Some people conclude that because they haven’t heard of Bank On Yourself before, it must be too good to be true or maybe it’s a scam.

Maybe you’re in that camp…

So let me set your mind at ease.  The Bank On Yourself method has a very long history and proven track record.

Bank On Yourself relies on a super-charged variation of an asset that has increased in value every single year for more than 160 years.  It’s never had a losing year, including during the Great Depression. (What other asset can make that claim?)

That asset is dividend-paying whole life insurance. But this is definitely NOT the kind of whole life insurance policy most financial gurus love to hate.  These super-charged policies grow your cash value significantly faster than traditional whole life policies, while paying the agent 50-70% less commission.

Get Your FREE Report!

Get instant access to the FREE 18-page Special Report that reveals how super-charged dividend paying whole life insurance lets you bypass Wall Street, fire your banker, and take control of your financial future.

We respect your email privacy

Here Are 7 Surprising Facts About Whole Life Insurance

Get Your FREE Report!

Get instant access to the FREE 18-page Special Report that reveals how super-charged dividend paying whole life insurance lets you bypass Wall Street, fire your banker, and take control of your financial future.

We respect your email privacy

1.  Bedrock of our grandparents’ savings plans:

Back in 1900, half of all Americans’ savings was held in life insurance and annuities.  And fully one-third of families owned whole life insurance policies in 1950, according to the American Council of Life Insurers.

Back then, families routinely used their policies for emergency funds, car loans, business loans and more.  And it was common for whole life insurance to be the foundation of a family’s financial plan.

Maybe they knew something we’ve forgotten…

2.  Meets safe capital requirements:

I’ve said that whole life insurance is safe, but you don’t need to just take my word for it.  Banks are legally required to have a foundation of very safe liquid assets, known as Tier 1 capital.  Life insurance is considered to be so safe that bank regulators allow life insurance policies owned by banks to meet their Tier 1 capital requirements.  In fact, according to the most recent statistics, the nation’s banks owned guaranteed, high-cash-value permanent life insurance with a surrender value of approximately $166 billion. (Source: Equias Alliance)

3.  Blessed by the Oracle of Omaha:

Warren Buffett, widely considered to be the most successful investor of our time, owns several life insurance companies.  (Buffett can’t legally own the kind of insurance companies used for the Bank On Yourself concept because they are owned by policy owners rather than stockholders.)

4.  Diversified low-risk investments:

As for the insurance companies recommended by Bank On Yourself Professionals specifically, the bulk of their portfolios is invested in investment-grade fixed-income assets.  Their bond portfolios are highly diversified across many industries and companies, and typically no investment represents more than 2% of assets.

Less than 2% is invested in U.S. Treasury or other government debt.  These companies had virtually no exposure to the risky investments that caused the market meltdown of 2008.

Due to their financial strength and reserves, these companies have the ability to hold on to any assets that may decline in value for many years until those assets recover.

5.  Source of capital, even in tough times:

Life insurance cash values serve as a source of available capital to individuals, families, and businesses, even when credit is difficult to obtain.  As of the last available data, there were $129 billion in life insurance policy loans outstanding.

Download a free Report here that reveals how to fire your banker, bypass Wall Street and take control of your own financial future.  You’ll also get a free chapter from Pamela Yellen’s New York Times best-selling book on this subject.
The FREE Wealth-
Building Report

6.  Drivers of the economy:

Life insurers have $4.3 trillion invested in the U.S. economy, making them one of the largest sources of capital in the nation.  They paid more than $19 billion in federal, state and local taxes in one recent year.

7.  Help great businesses succeed:

Many famous people have used whole life insurance policy loans to start or grow their businesses when no banker would lend them a dime.  Following the 1929 stock market crash, famous retailer J. C. Penney borrowed against his whole life insurance policies to help meet the company payroll.  Had he not had this ready access to capital, the company probably would have been forced to close its doors.

Walt Disney borrowed from his life insurance policy in 1953 to help fund Disneyland when no banker would lend him the money.

McDonald’s might have only served a few hundred thousand burgers had it not been for Ray Kroc’s whole life insurance policies.  Kroc had constant cash flow problems during the early years and borrowed from his policies to help cover salaries of key employees and to create the initial Ronald McDonald advertising campaign.

In 2002, Doris Christopher sold her kitchen tool company, the Pampered Chef, to Warren Buffett for a reported $1.5 billion.  She had started the company in her suburban Chicago home in 1980 with $3,000 she borrowed from her life insurance policy to purchase inventory.

Foster Farms was founded in 1939 when Max and Verda Foster borrowed $1,000 against their life insurance policy to buy an eighty-acre farm near Modesto, CA.

All of these fully documented stories and more can be found in the article Six Famous Brands Started or Saved by Life Insurance on

Of course, you don’t have to be famous to take advantage of the financing opportunities these policies offer.  Suzi Hersey, a real estate investor in Virginia, reported, “I was able to take a loan with no questions asked and no credit check.  I’m the one who determines when and how I’ll pay the loan back.  I want to pay the loan back because I’m recouping interest I would have paid to a credit card company or bank.  And by paying it back the way my Bank On Yourself Professional showed me, my plan value increases.  I feel so fortunate to have found Bank On Yourself.”

See more Bank On Yourself success stories and testimonials here.


Almost anyone can benefit from the Bank On Yourself safe wealth-building method – regardless of age or income.  To find out what your bottom-line, guaranteed numbers and results could be if you added Bank On Yourself to your financial plan, request your FREE, no-obligation Analysis and Recommendations here now.

You have nothing to lose and a world of financial freedom and peace of mind to gain.