24 Aug How does cash flow banking work?
Posted at 08:39h in
The Cash Flow Banking concept involves the following steps:
- Purchasing a participating whole life insurance policy from a mutual insurance company.
- Paying premiums into the policy, which increases the cash value over time.
- Accessing the accumulated cash value through policy loans that can be used for various purposes, such as investments, purchases, or as an emergency fund.
- Repaying the policy loans, which replenishes the cash value and keeps the policy in force.