When we talk about creating generational wealth, many people don’t realize that they can create it with just life Insurance. Most people only think of life insurance as a death benefit, but there is a lot more to life insurance than just the death benefit. There are multiple living benefits to life insurance.
In this video I explain how someone can create a legacy bank for their family. A family legacy bank bank allows you to borrow against your policy for working capital for your business, for emergencies, for your children’s education, or whatever life event or circumstances that comes your way.
This type of policy allows your money to grow tax free, it provides great liquidity, and it is very safe, because it is not invested in the stock market. During your retirement years you can borrow against your policy while still earning interest above your loan interest rate. The loan payments will be subtracted from the death benefit when you die.
Your heirs can then use the death benefit to start a new policy and follow the same system. This is how you can create and build generational wealth and have the money last generations after generations. This strategy is absolutely mind blowing! Please like, comment, and share the video with someone that needs to know this. Also subscribe to the channel and hit the notification bell so you do not miss any videos.
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