E25: This is Why One is More Safe: Banks vs Insurance

In this episode, we discuss a question that we've both been asked many times when it comes to banks vs. insurance. The question is, are mutual life insurance companies as safe as banks to put my money? The answer may surprise you.

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Banks vs. insurance, which is safer is something that we've been asked many times. It's a great question to ask, in fact. People are wanting to know their money won't disappear on them.

And so, the common question we get related to infinite banking is this: "Is my money going to be as safe in the policy as it is, just sitting in a bank account. There's a lot of nuances there.

We believe that it definitely is. There's a lot of reasons for it. Why would we present banks being riskier to put your money in, than a mutual life insurance company, and a policy there?

• The federal government and state government's role
• Austrian economics and why its role in insurance is important
• Leveraged money vs. Non-leveraged money
• Factors forcing insurance companies to play it straight with your money
• The myth and nuance of the FDIC banks protections argument
• Why banks buy life insurance policies

Insurance companies actually adhere to what's called Austrian Economics. They can't loan out money they don't have.

Banks failed left and right, and are bailed out. No mutual life insurance company had to get any assistance.