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Updated almost 2 years ago on . Most recent reply

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815
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Alfath Ahmed
  • Real Estate Agent
  • Columbus, OH
929
Votes |
815
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Who has used life insurance cash-value to fund down-payment towards a property?

Alfath Ahmed
  • Real Estate Agent
  • Columbus, OH
Posted

Life Insurance cash-value can be a tremendous way to build generational wealth through their infinite banking concept. I always recommend getting a high-value whole life policy that let's you accumulate cash-value which you can use to leverage against your policy in the future. 

I personally have a $1,000,000 Whole Life policy with Mutual of Omaha which grosses high cash-value. I consider the monthly payment like a type of savings knowing well that in the future I am building a legacy that I can use to always pull money from when I need and return when I don't need for investment properties. 

The Bonus: I am protected for life and I can go to bed better knowing that if I am no longer here, a good chunk of investment properties can be paid of for my family to enjoy and use for the rest of their lives. 

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