Whole Life Insurance as a Foundation for Real Estate Investing
I’ve recently come across the concept of “personal banking” through “overfunding” whole life insurance policies and leveraging the cash value to buy assets.
In theory it sounds like a can’t loose situation. You have a savings account tax deferred that always generates growth & yields dividends. You borrow from yourself and pay yourself back.
Has anyone had any experience with this strategy - I’ve only ever heard bad things about insurance, but it sounds like a very smart financial base, especially if you are looking to build a massive real estate portfolio.