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How to use Whole Life Insurance to Get Rich (Become your own Bank) | Devin Burr

Wealthy Way

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Using Whole Life Insurance as a Source of Funding

In this chapter, they discuss the advantages of using a whole life insurance policy as a source of funding. They highlight how easy it is to access the money from the policy through a simple process on a mobile app, without the need for financial statements or credit checks. They compare the borrowing rates on policy loans, which remain stable at around 5%, to the potential returns of the policy, which can be around 5-6%.

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