Can you use #lifeinsurance as a banking substitute? Well...yes! We can store our rainy day #money in a properly designed #cashvaluelifeinsurance Why would someone do this? Because they get #taxfree growth on their money without market risk. It's a #safemoney asset! Plus the #compoundinterest is typically much more than what the banks offer. Generally we see long term average returns in the 5% to 7% range, sometimes more! Ultimately there's a bit more to the process than what's described in this video, but the basic points are true! One clarification, we need to put funds in our traditional bank account first, then transfer the money over to our #beyourownbank life insurance plan. If you want to set up your own plan, click the link in my bio to book a free call! #financialliteracy #wealthymindset #taxfreeretirement #generationalwealth #infinitebanking