How Rich People Use Life Insurance

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Wealthy people use a type of whole life insurance called an IUL — Indexed Universal Life — like a personal bank. They put money in, it grows tax free, and they borrow against it to fund businesses and investments. The loan never shows up on a credit check. They pay themselves back on their own schedule. It's not just insurance. It's a financial strategy most people are never taught.

#wealth #iul #insurance

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