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Own Your Own Bank

Published Feb 24, 25
1 min read
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It feels like the name of this concept modifications when a month. You might have heard it described as a continuous wide range strategy, family financial, or circle of riches. Whatever name it's called, unlimited banking is pitched as a secret method to build wealth that just rich people know about.

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You, the insurance policy holder, placed cash into a whole life insurance policy via paying premiums and acquiring paid-up enhancements.

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The entire concept of "banking on yourself" just works since you can "bank" on yourself by taking loans from the policy (the arrowhead in the chart above going from whole life insurance policy back to the insurance policy holder). There are two different sorts of finances the insurance policy business might offer, either direct recognition or non-direct acknowledgment.

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