See the illustrative cash value and borrowing power behind the be-your-own-bank strategy. Your number first, no email required.
Illustrative only. Not a quote. No email needed to see your result.
Illustrative only, assuming a level annual growth rate. Real policies build cash value slower in the early years, and dividends are not guaranteed. This is not a quote or an insurance illustration.
These are round numbers. A licensed agent can build an actual carrier illustration for your age and health, engineered with paid-up additions to build cash value as fast as the rules allow. No pressure, no spam.
For educational purposes only. Not a quote or offer of insurance. A licensed agent will follow up.
Joseph will reach out shortly to build your real, carrier-specific illustration and walk you through how the policy loan piece actually works.
Or book a 15 minute review nowThe calculator takes what you could contribute each year, the number of years you would fund the policy, and a simple assumed growth rate, then estimates the cash value that could build inside a properly structured, dividend-paying whole life policy. It also estimates how much of that cash value you could borrow against, which is the heart of the be-your-own-bank idea. To keep it honest, the tool uses a single level rate. A real policy behaves differently, so treat this as a way to understand the shape of the strategy, not a promise.
In a real whole life policy, the first few years build cash value slowly because of the cost of the insurance and how the policy is funded. Agents who design these policies for banking use paid-up additions to push more of your money toward cash value early, while staying under the MEC limit that protects the tax treatment. That engineering is the difference between a policy that works for banking and one that does not, and it is why the real number should come from an illustration, not a generic calculator.
Once the policy has cash value, you can request a policy loan against it rather than going to a bank. In many designs, the full cash value keeps earning while the loan is outstanding, which is the feature people find compelling. It is not free money and it is not magic. Loans accrue interest, unpaid loans reduce the death benefit, and dividends are never guaranteed. Used with clear eyes, it is a patient, long-term tool for people who value control and liquidity. If you want the honest, no-hype version, start with our guide on being your own bank.
For educational purposes only. Not financial, tax, or legal advice, and not a quote, an offer of insurance, or an insurance illustration. Whole life cash value and dividends are not guaranteed and vary by carrier. Policy loans accrue interest and reduce the death benefit if unpaid. Consult a licensed professional. Brokered through Family First Life. NPN 22121673.