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🏦 5 Steps To Becoming Your Own Bank: 1. Get an indexed universal life insurance policy. Make sure it’s with an agent that knows how to structure of properly so that you maximize the growth and minimize the fees. 2. Determine a monthly or annual budget that you want to contribute consistently. 3. Allow compound interest to work its magic overtime. 4. Borrow money against your cash value for an investment or expense, this can avoid capital gains taxes 5. I pay yourself back when possible, if not,

🏦 5 Steps To Becoming Your Own Bank: 1. Get an indexed universal …

1.1K viewsJan 10, 2024

FacebookDavid Gomez

How to be your own bank 🏦 1. Set Up a Life Insurance Policy Get an Indexed Universal Life (IUL), focusing on building cash value. 2. Build Cash Value Pay premiums into the policy, and part of this grows tax-free as cash value over time. 3. Borrow from Your Policy Once your cash value builds up, you can borrow from it tax-free, with no credit checks. You control how and when you repay the loan. 4. Use Loans for Big Purchases Instead of using a bank loan, use the money from your policy to buy thi

How to be your own bank 🏦 1. Set Up a Life Insurance Policy Get an Ind…

488 views4 months ago

Facebook360FinancialGroup

How to be your own bank ✅ Apply for an Indexed Universal Life policy through an insurance company not all the insurance companies and or agents offers these type of policy so make sure to work with one that does ✅ Make sure it is properly structured, make sure it doesn't lapse, there is no tax and that is structured for the max funded minimum death benefit for your age and health ✅ Properly funded it either on a monthly basis or an annual compound ✅ Patience is also one of hardest part. You need

How to be your own bank ✅ Apply for an Indexed Universal Life polic…

119 views5 months ago

Facebook360FinancialGroup

5 Steps on how to be your own bank🏦 1.⁠ ⁠Open an Indexed Universal Life (IUL) Policy Find a Skilled Agent: Choose an experienced agent to set up your policy correctly. 2: Fund the Policy Regular Contributions: Add money to your policy either annually or monthly. 3. Let Your Money Grow Compounded Growth: Your money grows based on market performance but is protected from market losses. 4. Borrow Against Your Policy Tax-Free Loans: When you need money for big purchases, borrow from your policy wit

5 Steps on how to be your own bank🏦 1.⁠ ⁠Open an Indexed Universal Life …

513 views8 months ago

Facebook360FinancialGroup

Indexed Universal Life Insurance or Infinite Banking allows you to have a tax-free retirement and build wealth for your future generations, that is so powerful, but remember that knowledge is powerful too, so, before you set up an IUL, make sure you’re talking with someone that is interested in your goals and has the capacity to respond all your questions. We don’t recommend this tool for everyone, first make sure you have the right information and that you’re talking with an expert. #IUL #taxfr

Indexed Universal Life Insurance or Infinite Banking allows you to hav…

97 viewsDec 8, 2023

Facebook360FinancialGroup

Looking to become your own family bank? 💰💼 With an index universal life insurance policy or a fixed index annuity, you can protect your family, grow wealth, and plan for retirement all in one. Let me explain how these powerful financial tools can help you secure your family's future. #familybanking #IUL #cashvaluelifeinsurance #401krollover #fixedindexedannuities 🏦👨‍👩‍👧‍👦💡 Click the link in our bio or comment “BANK” ⬇️⬇️ Video Credits: @protectandinvest | 360FinancialGroup

Looking to become your own family bank? 💰💼 With an index universal lif…

170 views10 months ago

Facebook360FinancialGroup

Whats an IUL ? lul stands for index universal life. Its a type of...

Whats an IUL ? lul stands for index universal life. Its a type of...

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