Become your own Bank using whole life insurance
A power-point text and AV presentation by Skip Pulley
The benefits of borrowing against whole life insurance:
○ A guaranteed tax-free death benefit for your beneficiaries (important!)
○ Cash value that grows at a guaranteed minimum crediting rate, with no risk of market loss.
○ Tax-free growth
○ Tax-free withdrawals
○ Tax-free loans
○ Annual dividend payments (provided your carrier is a mutual insurance company, owned by policyholders).
Be Your Own Bank - Part 1
Be Your Own Bank - Part 2