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How Wealthy Families Use Life Insurance as a Personal Bank
Key Takeaways: Life Insurance Can Build Savings Cash value life insurance gives both a payout when you pass away and grows like a savings account you can use while you’re alive. You Can Borrow From It Without Credit Checks You don’t need a credit check to borrow from the cash value in your life insurance policy, which can make getting money easier. Invest Borrowed Money for Growth Borrowed money from your policy can be invested in things that grow in value, helping your money potentially grow faster than inflation. Flexible Repayment Options You get to decide when and how you repay these…
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