One of the most compelling reasons to be your own bank is the tax benefits associated with whole life insurance. The cash value grows tax-deferred, meaning you won’t owe taxes on the gains until you withdraw them. Additionally, if you take a loan against your policy, the proceeds are generally not taxed, allowing you to access funds without immediate tax implications. This tax efficiency is a significant advantage in building long-term wealth.
Read The Guest Blog: https://gamesbad.com/the-secret-to-wealth-why-you-should-start-being-your-own-bank-now/
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