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It appears like the name of this concept changes as soon as a month. You may have heard it described as a perpetual riches approach, household banking, or circle of wealth. Whatever name it's called, limitless financial is pitched as a secret way to construct wide range that only rich people understand about.
You, the insurance policy holder, put cash into a whole life insurance coverage plan with paying premiums and acquiring paid-up additions.
The entire concept of "banking on yourself" only functions because you can "bank" on yourself by taking financings from the plan (the arrow in the graph above going from whole life insurance back to the insurance holder). There are 2 different kinds of lendings the insurance provider might use, either straight recognition or non-direct recognition.
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