Major Banks Are Closing Branches: Use Life Insurance To Be Your Own Bank
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- Опубліковано 2 жов 2024
- Maybe your money can go to something else...? Why not whole life insurance?!?
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Bank branches are closing faster than they're opening new ones. Discover why major banks are shutting down and why it's time for you to become your own bank. Don't forget to subscribe to our channel for more valuable information and hit that thumbs up to support us on UA-cam. Let's dive into the juicy details, starting with the collapse of the Silicon Valley Bank in 2020.
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My loan interest through Mass Mutual is 5.28% and I just recently requested a loan from my policy.
You gotta make more money - multiple income streams
Yup
What happens to the cash value in your life insurance when you die? If it’s my money that’s getting that interest why can’t my family can’t get the debt benefit and cash value? Why not max out a term at 30 years for way more money at lesser cost and invest the rest. The interest rates in return will be much better.
Death Benefit and Cash Value is the same. The difference between the two is Cash Value you can access while you are alive. Death Benefit can only be access after you die. This is why if you die with an outstanding loan, the death benefit is reduced by the outstanding loan.