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Sunday, February 19, 2012

Ever heard of infinite banking?

Did you know that you can use your whole life insurance to become your own bank?  Like a real lending company, you can borrow money from your own policy and let the principal amount grow through interests.  You borrow money from banks or lending companies, right?  You can stop doing that and make yourself richer instead when you take a loan from your own insurance policy.  But don't worry because you won't be touching the amount you are insured for.  You will only be borrowing from the cash values that your policy has earned.  Your money is safe and you are still covered even if you borrowed money from your policy.  That's infinite banking.

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