Matt Phillips of The New York Times wrote a great article on March 16, 2018 (see link below) about a phenomenon that Economists call
"Crowding Out,"
it's something that our government is majorly vested in.
What is Crowding Out?
Phillip's writes that it's when "large-scale government borrowing sucks up the supply of available funds, driving up financing costs for just about everyone else."
He is bringing to our attention that it’s not just about the Financial Markets improving that drives up the cost of lending.
It’s the lack of funding that will be available because of the government’s need for more money that will be the strong driving force pushing up interest rates for everyone.
Now is the Time to Empower Yourself
with
Better Borrowing Options
It’s nice to know there’s another Financial Tool, besides bank loans and credit cards, that can create easier access to cash.
The cash benefits of owning a Whole Life Insurance Policy are very rarely discussed in the media. And Participating Whole Life Policies pay dividends to their policy holders; having them participate in the profits when generated by the Insurance Company.
It's like a SECRET SOCIETY... the few who know all about its value CONTINUALLY USE IT and don't share how they are one-up on having cash available!
No one ever mentions what the benefits are of taking out a Whole Life Insurance Policy Loan:
low cost (in contrast to other types of loans/credit)
ease (no credit check or qualification necessary)
flexibility (you can take a Policy Loan. with the available cash in your policy, at any time)
pay back or not on your own schedule
So it's no wonder that unless you already have Whole Life Insurance in place, you would even know that this type of credit is available.
Think Differently.
Insurance Can Impact Your Life!
Take control of your liquidity and become your own banker through owning a Whole Life Policy that builds cash value over time. Have access to cash/policy loans for:
unexpected expenses
smoothing out your monthly income when you're dependent on commissions or a year-end bonus
avoiding selling assets when the markets are down (preserve them and give them time to recover)
With responsible access to cash in your Whole Life Policies there is no need to incur higher interest rate charges from a bank loan or your credit cards.
Click on to: Matt Phillip's New York Times Article
Learn more about how Whole Life Insurance can be used as a Tool to Strengthen your Cash Flow, by clicking on to my post listed below.
How can you budget & create steady cash flow when...