The Personal Banking Concept (PBC) is about strategically using participating whole life insurance policy from a mutual insurance company as a vehicle for creating wealth. The PBC Policy can be used in such a way so as to create a flexible private reserve of available cash for self-financing wealth producing assets that can replace the use of third party banking institutions. At Wealth Space, we are poised to educate and share a true wealth building secret concept that was once reserved for elites.  Lets look at the origin of infinite banking or we refer it as Personal Banking Concept.


The term “infinite banking” or “infinite banking concept®” was originated by Nelson Nash. He is the author of the book “Becoming Your Own Bank” and is generally deemed the founder of this strategy. Pamela Yellen’s “Bank On Yourself” is another recognized author and promoter of this strategy.


PBC strategy uses high cash value participating whole life insurance in a way that is different from what is commonly promoted in the mainstream life insurance industry. The Personal Banking Concept is an innovative strategy and approach to build wealth using Paid Up Additions (PUA) rider options within participating whole life insurance policy.  PBC strategy can fund or finance other wealth producing assets including real estate investments, business capitalization, loans or simply as emergency fund purposes since the cash values are accessible without high or no surrender penalty if designed and structured properly. Using PBC dividend is an option to fund other life insurance policies such as IUL (Index Universal Life) policy for long-term potential gain utilizing over funding or maximum premium strategy. 


There is so much mystery surrounding the concept of personal banking or infinite banking that many people simply don’t understand. When properly designed and structured, the Personal Banking Concept policy can be utilized to build an abundance of wealth, including income-producing assets. But before we get into the details of PBC, it is important to understand the different types of insurance policies and how they work.