The Bank on Yourself Revolution Reviewed By Conny Withay of
Conny Withay

Reviewer Conny Withay:Operating her own business in office management since 1991, Conny is an avid reader and volunteers with the elderly playing her designed The Write Word Game. A cum laude graduate with a degree in art living in the Pacific Northwest, she is married with two sons, two daughters-in-law, and three grandchildren.

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By Conny Withay
Published on February 14, 2014

Author: Pamela Yellen
Publisher: BenBalla Books, Inc.
ISBN-13: 978-1-939529-30-5

Author: Pamela Yellen
Publisher: BenBalla Books, Inc.
ISBN-13: 978-1-939529-30-5

The Bank On Yourself strategy gives you a rare combination of guarantees, safety, liquidity, and control. Your money grows by a guaranteed and predictable amount every year, and that growth gets better every year you have it,” Pamela Yellen convincingly states in her book, The Bank on Yourself Revolution: Fire Your Banker, Bypass Wall Street, and Take Control of Your Own Financial Future.

At two hundred and fifty-six pages, this hardbound book targets those looking for an alternative place to make money. After eight pages of praises and an introduction, there are twelve chapters dedicated to Yellen’s “wealth-building” tools buying her specially designed dividend-paying whole life insurance plans. The ending includes an analysis request form, opportunities to work with her organization, acknowledgements, references, and the author’s biography. 

Deemed a financial security expert, Yellen believes that if money is poured into specialized whole life insurance plan, one avoids the potential pitfalls of stocks, bonds, 401(k)s, CDs, real estate, and precious metals. Her program consists of having a base death-benefit insurance policy that includes paid-up additional and term riders.

With such a system, she promotes borrowing from it whenever needed for personal or business use, taking advantage of tax-free withdrawals and loans. Treating it like cash similar to a bank account, the policy holder is supposedly in control. 

Since the author adamantly opposes Wall Street, most life and term insurance companies, and being debt-free, her program offers a free analysis with the backing of two hundred “qualified” advisors that can walk one through the steps to buy into this one-of-a-kind whole life plan.

Using the DALBAR study claiming one hundred and sixty years of success of such plans, Yellen correlates the idea to a sleek sailboat. She suggests paying for her program by restructuring debt, reducing funding 401(k)s, tapping IRAs, moving savings accounts, committing tax refunds, converting existing insurance plans, and stopping extra principal payments on mortgages. 

Never promoting diversity outside of the plan, built-in costs are lightly discussed along with life insurance companies being generally backed by bonds, stocks, and derivatives.

If the reader no longer wants to invest in the stock market, a bank, precious metals, or real estate, perhaps this is one more way for the insurance industry to make money. One should research carefully if investing in Yellen’s “too good to be true” catch all where, for unknown reasons, the jacket cover, reviews, and introduction never mention the word insurance. Buyer Beware: “Bank on Yourself” may be a “Bank on Her Insurance Plan” info-promotion.

Thanks to Bookpleasures and the author’s publicity team for furnishing this book in exchange for a review based on the reader’s honest opinion.

Note: Rated 2 stars as the reader did not like the book but others may (after investing in another whole life insurance plan, this reader did not see promised results decades later).

Follow Here To Purchase The Bank On Yourself Revolution: Fire Your Banker, Bypass Wall Street, and Take Control of Your Own Financial Future