Using Cash Value Life Insurance as a Financial Tool

Cash value life insurance is a hybrid product that can provide both a death benefit and a tax-free bucket of money that individuals can borrow against for their own purposes. This financial tool allows real estate investors to have access to money that they can use for real estate deals or other investments. By building up cash value in the policy, individuals can create their own bank account that they can dip into and pull money out when needed. While there are risks involved in leveraging cash value life insurance, the potential rewards can be significant, especially for high-income individuals who are looking to create tax-free wealth and diversify their asset portfolio.