Scroll through TikTok’s finance feed and you’ll come across viral videos on “infinite banking.” The concept is making a splash on social media, fueled by celebrities like rapper Waka Flocka Flame. But ...

Infinite banking is a way to become your own bank, by taking out loans against a permanent life insurance policy. Imagine never having to worry about a credit check, high-interest payments or applying ...

What’s more, infinite banking is expensive. For example, a healthy 40-year-old man can expect to pay $7,028 per year on average for a $500,000 whole life policy, according to Quotacy, an online life ...