In the Infinite Banking World, you are the banker. You capture all the interest that you would be paying to a financial institution. Instead you pay yourself all the interest. That means you are building your own income for wealth while you are alive. This policy is structured so you can get loans from your policy because you are the owner.
It doesn’t matter about your credit, it doesn’t matter if you were in prison, it doesn’t matter what you do for a living. Its your money and you have complete access to it.
So, you can borrow your money without tax consequences from your friend the IRS. We are in control and we can use the money for any purpose what so ever.