How Business Owners Use Life Insurance to Build Wealth
About this episode
This episode discusses how business owners can use life insurance as a tool for wealth building and financial flexibility.
Life insurance isn’t just a way to protect your family. For the right business owner, it can also provide tax-efficient growth, access to capital, and long-term financial flexibility. In this episode, Mike and Matt explain how cash value life insurance works, including tax-deferred growth, policy loans, death benefits, and long-term care benefits. They also break down term, whole, and universal life insurance, who this strategy may benefit, and how to avoid choosing an expensive or poorly des...
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