Become Your Own Bank! [Video] | Life insurance facts, Life insurance policy, Smart finances
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Today I’m going to show you how you can become your own bank. In one of my previous videos, I mentioned that banks NEVER go out of business because they use OTHER people’s money as collateral to earn interest on their loans. Now I'm going to show you how YOU can do that. What you need is a Cash Value Life Insurance Policy. Cash value life insurance policies have a policy loan provision that allows you to take out a loan against your account using your OWN money as…