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Weekly Market Recap: Bank Scare To Tank Markets & Trigger Recession?

Wealthion - Be Financially Resilient

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How Much Can I Over Fund My Life Insurance?

At a very high level, you are using insurance for life insurance as a way to basically build wealth over time. And when you borrow from the policy, you're able to borrow at favorable rates. So in this case, you're getting a mortgage at what you said, 4.4 versus the prevailing rate of 6.6 right now. Right. But the interesting thing is, is that even though I borrow 250 out of the policy, the policy is still growing at $500,000 and so if all that money's there, even though I borrowed against it, that 500,000 is still accumulating. Right.

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