re: Bank On Yourself

It is not a scam, unless you actually pay a $3500 up front fee to get it set up. The key to the program, is setting it up through the right insurance company which provides all the features which make it work so effectively. Many financially saavy people, and high net worth individuals understand the benefits of this type of "plan" and take advantage of it, sometimes even have several of them in place. To get a more detailed look at how it works, read the book "Bank on Yourself" by Pamela Yellan. I have many clients who are taking advantage of the plan, and I have not once charged them an upfront fee. Before everyone jumps on this reply, saying that its life insurance, so a commission is made (which it is, as with just about everything), the design of the plan is overfunding, which actually minimizes the commissions made. If you are serious about it, feel free to email me, and I can explain it in more detail, and I even have a few copies of the book.