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Life Insurance loans are completely different from traditional debt. Most people also like to compare a life insurance loan to borrowing from yourself with a 401(k) loan, but it’s actually different and potentially much better.
Life insurance loans have been popularized by marketers using the terms infinite banking concept (IBC), cash flow banking, velocity of money, banking on yourself, and so on. Watch Hutch boil down and simplify the intricacies of borrowing against your policy in this video about life insurance loans.
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