Here’s what you want to do:
✅ Set up a Cash Value Life Insurance Policy.
When you are ready to spend a large sum of money, take out a “Non-direct Recognition Life Insurance Policy Loan” from your life insurance policy.
This allows you to still earn interest and dividends on the amount of money taken out in the loan as if you never took it out in the first place.
✅ Then start paying yourself back, all while your money is working for you.
🔥Now if you’re ready to take it to the next level 🔥
✅ You want to have a trust that owns the life insurance policy.
✅ Set yourself up as a trustee, also make sure your trust has beneficiaries, that can take care of that should something happen to you.
Have questions? Drop them below!!
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Kenney Conwell is a world-renowned financial expert, registered financial consultant & Investment advisor. Kenney is the creator of one of the fastest growing online financial education platforms “#MyMoneyEDU”, the Co-owner of CapitalWize LLC. an independent investment management firm. In his career, Kenney has helped over 32,000 people start the journey of improving their credit. Collectively they’ve improved their scores by over 3.9 million points, removed over 385,000 negative items from their credit reports paid off over 4 million dollars of debt, and invest over $15,000,000.