What is a LIfe Equity Line of Credit or “LELOC” | What are the advantages and disadvantages of using one?
The Infinite Wealth Podcast
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How Policy Loans Actually Work
It is a common misconception and infinite banking when somebody hears about it is that we're taking money out of our policy. And that again is not the case. Instead of borrowing from the insurance company and they use your policy as collateral, we work with a couple of banks that we do the same thing. We borrow from the bank and they useyour policy as collateral. So really with mechanics, it's very simple. Yeah, very simple.
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