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It feels like the name of this concept changes once a month. You may have heard it described as a continuous wide range method, household banking, or circle of wide range. Whatever name it's called, boundless financial is pitched as a secret way to develop wealth that just rich people find out about.
You, the policyholder, placed money right into a whole life insurance coverage policy via paying premiums and getting paid-up additions.
The entire idea of "financial on yourself" just works because you can "bank" on yourself by taking car loans from the plan (the arrow in the graph above going from whole life insurance coverage back to the policyholder). There are two various sorts of car loans the insurance provider may use, either straight acknowledgment or non-direct acknowledgment.
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