Jul 11, 2021
In the interest of building newer and sexier ways to lure you into buying life insurance, agents and marketing organizations think it would be super nifty if you harnessed the extra buying power of a bank's money to make the policy you can buy even bigger! The idea looks something like this, buying more life insurance provides you with even more cash value. So if you borrow money from a bank and use that money to buy an even bigger policy you can power up your savings plan with an even larger pot-o-money with OPM--other people's money.
This isn't a particularly new concept but you should be asking
yourself, "is it better than just buying a policy without
leverage?"
Check out the latest article to see how the numbers shake out-->
https://theinsuranceproblog.com/buying-life-insurance-with-leverage/