Recapturing your debt is a process many people aren’t familiar with. It means to move your current debt to a “banking system” you own. If you were an owner of a traditional bank such as Chase or Bank of America, would your checking and savings account be with another bank?

Many find it interesting to know that you can create your own private banking system as a place to house savings dollars and then borrow against those funds to purchase the things you need (i.e, a new car or your next vacation) and then simply start paying yourself back, with interest, just like you would any other bank, finance company, or credit card.

The infinite banking concept will teach you how to build up funds inside of a properly designed whole life policy. Then your Infinite Banking specialists at Alpha Omega Wealth Northwest will coach you on how to finance purchases you need to pay off your debts to outside banks, and/or use the funds for investments you’re passionate about, such as real estate, your business, or the stock market.

By creating your own private banking system, you can start earning dividends and guaranteed interest on the same funds you will turn around and use to pay off existing debts, make purchases, or invest in investments of your choosing. When you withdraw these funds from your banking system, you will actually be borrowing money from the insurance company…against your cash value, which is used as collateral, so that your cash savings continues to grow.

Unilke any other loan, there is no approval process for borrowing against your life policy’s cash value. You simply request the funds and they are sent to you. This way, you will be earning on those funds the rest of your life before spending them, and rather than simply handing them straight over never to be earned on again.