Using Life Insurance As A Private Bank
I recently was pitch the idea of using a life insurance policy as a "bank".
If you buy 500K of insurance, there is a certain amount (say 250K) that you can immediately loan to yourself.
When the project is done, You or your company pays off the loan and buys excess death benefit w/ the profit from the project.
No credit check
no loan approval
seems pretty slick. Has anyone heard of this or used such a structure?
Right, you jump start the process. Contribute 500K, but only buy a 250K policy.
You should contact the owners of this site. I am sure thay would sell you some ad space.
Rye,
Are you Potter or Alexander pimping for business?
Absolutely no class, board hustling for naive new investors with yet another MLM deal going nowhere program.
John $Cash$ Locke
TCI Moderator
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