Life Insurance

Life Insurance and Velocity Banking

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19 Comments

  1. Ok I was taught that putting money in an insurance policy for savings is called paying your premium. I don't understand how the money grows. Insurance companies just like banks use your money to make them money and pay you very little.

  2. Another very informative video. Can the savings asset be structured so that once you are debt free you are able to withdraw money for base living expenses without having to pay it back (like you would with a loan) – if you wanted take a leave of absence from work. If you have whole life dividend paying policy, are the that dividends taxed?

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