How does cash flow banking work?

The Cash Flow Banking concept involves the following steps:

1. Purchasing a participating whole life insurance policy from a mutual insurance company.
2. Paying premiums into the policy, which increases the cash value over time.
3. Accessing the accumulated cash value through policy loans that can be used for various purposes, such as investments, purchases, or as an emergency fund.
4. Repaying the policy loans, which replenishes the cash value and keeps the policy in force.