Is Bank On Yourself Legitimate Or A Scam?

If you’ve ever searched for Bank On Yourself on Google, you’ve probably come across a couple of websites containing threads where posters debate the merits of Bank On Yourself.Not a Scam

One such thread that comes up high in the search results has nearly 200 posts spanning the last year and a  half.

On this lively audio podcast, Bank On Yourself founder Pamela Yellen discusses how her toughest anonymous critic on that thread has slowly been coming around.

He now (grudgingly) admits that Pamela is right about many of the points he has been contesting.  And, when challenged by another poster about the actual returns people get in the stock market, he even dragged out 29 years of records of his own investing accounts, only to conclude that he is “just an average investor.”

To listen to this fast-paced, surprising interview, click on the play button below, or you can download the recording as an mp3 and listen to it on your own player or iPod now at:

Near the end of this 15-minute interview, you’ll also discover a fast and simple experiment you can try to determine if Bank On Yourself really is a scam… or if it’s the ultimate financial security blanket in both good times and bad.


Find out how the Bank On Yourself method can give you the financial security and predictability you want and deserve. It’s NEVER had a losing year in 160 years! Take the first step right now by requesting a FREE Bank On Yourself Analysis.

Wondering where you’ll find the funds to start a plan? Don’t worry! You’ll receive a referral to one of only 200 financial representatives in the country who have met the rigorous requirements to be a Bank On Yourself Professional and can show you ways to restructure your finances to free up seed money to fund your plan.

We really want to hear your comments and feedback!  Tell us what you think in the comments box below.  Please note that any comments containing the answer to the question of what was Pamela’s critics rate of return will be posted after September 24th, so as not to give away the answer…


  1. Insightful! “Yon” seems to be coming around slowly. That’s the way it works much of the time when introduced to a better idea. I’m reminded that the best way to become a millionaire is to stick your head above the crowd to see which way it is going and run as hard as you can in the opposite direction.
    Earl Nightingale suggested that the best way to never make another mistake is to do the opposite of what the majority are doing. Regardless of my frail explainations of why BOY is the way to go I’m not swayed by the “nay-sayers”. Emerson said that “for nonconformity the world whips you with its displeasure”.

  2. His annual return over the past 29 years was 4.5%, after inflation and taxes he was looking at next to NOTHING for return!!

    I really enjoyed reading “Bank on Yourself,” Pamela and thanks for the google tip to research!! Keep up the excellent work!!!

  3. Oops, I failed to record “Yon’s” annual rate of return. According to his figures it was about four-and-one-half percent. In real terms after taxes it would have probably been about one-and-a-half percent!

    Ron, in followup to first email of 9-21-11 @ 2:11 pm

  4. I am now 61 and started a BOY policy for my wife about 1.5 years ago and one on myself earlier this year. It is a way to “save” for our retirement. I’m sold on the product! One day my financial representative asked me if I heard of BOY and I said yes but I never got around to finding a financial representative. It turns out he was one…cool.

  5. Answer to question from audio about “Jan” after 29 years of investing:
    4.50% was his annual return BEFORE taxes and inflation.

    Good info and sales tactics. Believable…

  6. 1.5% after tax and inflation which is not good! Jim Rohn once said break away from the 90% of U.S. followers and join the 10% who control their finances! I have so should you!

  7. 4.5% rate of return before inflation, 1.5% after inflation, but before taxes…
    YIKES! I love the ROTH nature of the BOY plan!

  8. Hi, my name is billy cross and i,m just replying with the answer to her question in the e-mail. It is 4 and 1/2 percent. Thanks.

  9. Wow. I had the exact same experience when investigating BOY before starting my own plans (have multiple policies and am LOVING the results – exactly as predicted or better, no surprises and I sleep well at night). I made the same Google search and spent hours poring over the posts. What struck me was that nobody ever presented any evidence of any kind of scam. Some folks disagreed with the assumptions or touted their wildly inaccurate assumptions about equities as a more attractive alternative, but never did anyone have anything remotely scam-ish to report.

  10. The answer to the critic’s rate of return is 4.5.
    I did check this out, but it was 7 years to just break even on my investment.
    As I am retired, it doesn’t seem that there is time for BOY to work for me.

  11. The critic’s return after 29 yrs. was approx. 4% before taxes and inflation was factored in. i will google the questions, talk with my “richer” friends and seek an analysis from BOY.

    I’m a 60 yr. old but am re-evaluating my financial advice to my 25 yr. old college grad, my 18 yr. college freshman and my 17 yr. high schooler. Thanks

  12. I LOVE my BOY plan, it does everything I was promised and more. I’ve not borrowed a penny from a bank or credit card in over a year. Why should I? I lend it to myself! And if you want a scam, I have two words for you … Wall Street

  13. No….not a scam. When you do the maximum allowed in your policy(s) it will blow you away at how they turbo charge. I got my first policy 7 years ago. I now have 6 and am about to get a 7th. I am maxed out. I cannot get anymore. It took dedication early on but once it kicked in and more important, once I put the maximum in my Paid Up Additions Rider (keeping it below a MEC)I was amazed. I am about to pay my mortgage off at the bank and finance my home though my own bank. I am my own banker and it is awesome! I tell everyone who will listen.

  14. Pamela,

    I don’t know where to start! Coincidently, I googled BOY just a few minutes ago because I wanted to find Bank on Yourself Nation, which I still did not, but I did find the as referenced. So, I clicked on it and started reading. Cut to the end, as you point out in the podcast, you’ll find skeptics and defenders, with the defenders turning the skeptics around. If you think about it, we were all skeptics before becoming enlightened!
    The return “yon” received is somewhat hard to believe for a variety of reasons. If we are looking at the average investor, I would ask what happened in 1999 to 2001 and 2008 qand how did he/she avoid taking the huge loss that most of us experienced. And, what about the last few weeks, including last week? I’m smiling! Thanks, Aurael!

    Bill Williams

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