Should You Become Your Own Bank from Alina Mark's blog

Are you in dire need of urgent financial assistance and considering taking out a loan? Even though it is a surefire way to access the finances you need without going through a lot, why not just lend yourself the money! Yes, it is easy when using the Bank on Yourselfstrategy.

For those who may not know, this is a financial strategy that leverages permanent life insurance to put you in control of your money. Therefore, you’ll no longer have to walk into the bank, fill out the application form, and wait to discover whether or not you qualify for a favorable interest rate. Here are some of the reasons to consider becoming your own bank today.

Stop the Transfer of Wealth

Of course, you are not stopping the transfer of wealth entirely. However, you do prevent your wealth form being transferred to banks, credit unions, financial companies, and even Wall Street. In its place, you get to put yourself in control of your wealth and to whom it is transferred. Actually, this mostly applies to the people you care so much about. By becoming your own bank, you decide who gets to benefit from the smart financial decisions and hard-earned wealth.

Liquidity

When you decide to use the Bank on Yourself strategy, you have control of your money- and it’s liquid.  You have access to about 90% of your money, and you can get the money at any time you so desire. It doesn’t stop there since you no longer have to pay any penalties or fees.  In most cases, your money is typically accessible within 20 days. This happens to be way quicker than what most banks offer customers.

The Bottom Line

Numerous benefits are destined to come your way the very moment you decide to use the Bank on Yourself strategy. From liquidity and equity to flexibility, rest assured good things are destined to come your way once you make the switch. So, what are you waiting for before you finally decide to become your own bank and attain financial independence!