After taking the time to read through bank on yourself reviews, you’ve finally decided to try it. This financial strategy leverages permanent life insurance to put you in the driving seat of your own money. No more walking into the bank, hat in hand, filling out applications, and waiting to determine whether or not you qualify for a favorable interest rate.
When you are your own banker, you merely take out a dividend-paying, compound interest generating whole life insurance policy and use its accrued cash value to finance your dreams. With this financial strategy, you cut banks out of the lending equation, keep more of your own money and build wealth.
Below are other notable benefits of leveraging the become your own bank strategy;
Stop The Transfer of Wealth
Don’t be duped into believing that you will stop the transfer of wealth entirely. However, you do stop your wealth from being transferred to banks, financial companies, credit unitions, and even the government. Rather, you put yourself in control of your wealth and to whom it is transferred.
When you become your own banker, you determine who benefits from the smart financial decisions and hard-earned wealth. You do this when you’re ready to transfer your wealth to them. This is clearly evident for most people as per the many bank on yourself reviews.
Flexibility
By becoming your own banker, you have multiple ways to access your own money. For instance, you can decide to make a withdrawal from the cash surrender value, leverage dividends (if they are paid) and take out a loan against the cash value. The moment you take out a loan, you have the freedom to decide how and when to repay it. This is an action that banks don’t allow.
The Bottom Line
Numerous benefits accompanying leveraging the becoming your own banker strategy to safeguard your finances. If still having doubts regarding what this financial strategy can do for you, then it would be better to check out bank on yourself reviews. It is then that you will make an informed decision.
