Why do Savvy investors use life insurance to protect and grow their investments? Why are investors depositing huge sums of money up to $2 million per year into life insurance? There must be a good reason? What do they know that you don’t?
In this LinkedIn Livestream, we explore the incredible benefits of using Whole Life Insurance to grow your investments in a tax-free environment. Do you know cash value in a life insurance policy can be used as collateral for a bank loan? If the loan is used to invest the interest can be tax-deductible.
This strategy is commonly known as “Become Your Own Bank.” Consider that when you’re retired, banks are less confident of loaning you money because you are no longer employed. That’s where Whole life insurance becomes an amazing wealth-building or wealth-creation tool. What if you had $1 or $2 million in cash within your life insurance? At this point, you have the most powerful position in having a “zero-risk” loan arrangement with the bank.
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