Advantages of Whole Life Insurance - The Benefits That Can Increase Your Wealth

By Bernard B. 

Advantages? Yes! The advantages of whole life insurance can provide safety, security, and wealth. This financial product...

1. Enables you to implement the Infinite Banking Concept. Learn how to recapture the interest that you pay to banks. Finance your purchases such as cars, college tuition, and investments through your own personal bank.

 

2. Consists of a guaranteed "cash value" along with a death benefit. Your money is doing multiple things. Here, your policy acts as a savings and investment account while providing insurance against death.

 

3. Allows you to borrow money from your policy. You are actually borrowing from the insurance company and using the cash value as collateral. And even during financial strain, there is no obligation to pay the loan back!

4. Earns a guaranteed rate of return. The policy also pays a dividend which cannot be lost or taken away.

The benefits above, along with many other, make this a powerful financial vehicle. Yet, many people only focus on the premiums. Remember, the rich focus on returns first and cost second.

There has always been the debate of Term vs. Whole. On the surface, neither is better. It's how you utilize 

these financial products that will make them assets or liabilities.

To learn how this tool can provide true wealth, you must properly...

1. Define term life insurance.
2. Define whole life insurance.
3. And challenge the strategy of Buy Term and Invest the Difference.

This productive tool is very important to your financial success. It is often viewed as a "necessary evil." Thus, many turn to term insurance because it is inexpensive.

However, many don't understand the value and the advantages of whole life insurance. Learn how to turn this flexible product into an excellent tool for building wealth.

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