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It feels like the name of this principle changes once a month. You might have heard it described as a perpetual riches approach, family banking, or circle of riches. Regardless of what name it's called, unlimited banking is pitched as a secret method to construct riches that only rich individuals understand around.
You, the insurance holder, put cash into an entire life insurance coverage plan with paying premiums and acquiring paid-up additions.
The whole idea of "banking on yourself" only functions because you can "bank" on yourself by taking car loans from the plan (the arrow in the graph above going from entire life insurance coverage back to the insurance holder). There are two different sorts of loans the insurer may offer, either straight recognition or non-direct acknowledgment.
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