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1. What is the main principle behind the Infinite Banking Concept? *

A) Saving money in a savings account

B) Using whole life insurance as a personal banking system

C) Investing only in stocks and bonds

D) Relying on traditional banks for loans

2. Who is credited with popularizing the Infinite Banking Concept? *

A) Warren Buffett

B) Robert Kiyosaki

C) R. Nelson Nash

D) Peter Lynch

3. What are some of the key benefits of Infinite Banking? *

Tax-deferred growth of the cash value.

Access to cash through policy loans.

Death benefit for beneficiaries.

Guaranteed interest and potential dividends.

Choose all that apply.

4. What does "cash value" refer to in a whole life insurance policy? *

A) The amount paid in premiums

B) The investment account balance

C) The amount available for loans

D) The death benefit amount

5. How can policyholders access the cash value in their whole life policy? *

A) By cashing out the policy

B) By taking out a loan against it

C) By making a withdrawal at any time

D) By reaching retirement age

6. What is a major advantage of Infinite Banking? *

A) Guaranteed returns on investments

B) Tax-free growth of cash value

C) Access to low-risk investments

D) Immediate liquidity of death benefit

7. What happens if a policyholder dies while having an outstanding loan against their policy? *

A) The loan amount is deducted from the death benefit

B) The loan amount is waived

C) The beneficiary receives the full death benefit

D) The policy lapses

8. What should individuals do before starting with infinite banking? *

A) Consult with an authorized practitioner

B) Learn how to implement the concept

C) Assess personal financial goals and needs

D) All of the above

9. How does Infinite Banking differ from traditional whole life insurance? *

A) Infinite Banking focuses on maximizing the cash value component for financial flexibility.

B) Traditional whole life insurance builds early cash value

C) Infinite Banking offers different investment options within the policy.

D) There is no significant difference between the two.

10. In infinite banking, what does the term "Be Your Own Bank" imply? *

A) Relying solely on savings accounts for expenses

B) Using your cash value to finance personal needs rather than borrowing from traditional banks

C) Opening multiple bank accounts

D) Avoiding all forms of insurance

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