BECOME YOUR OWN BANK #lifeinsurance #investment #investing #wealth #legacy #generationalwealth

Indexed Universal Life (IUL) insurance policies can be used as a financial tool to potentially build wealth and become more financially self-sufficient. Here’s a general overview of how you can use IUL to potentially make money and become your own “bank”:

Understand IUL: Before you proceed, it’s crucial to understand what an Indexed Universal Life insurance policy is. IUL is a type of permanent life insurance that offers a death benefit to your beneficiaries, but it also has a cash value component that can grow over time. This cash value is invested in various stock market indexes, typically with a floor that protects against market losses.

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