Approximately seven years ago, many good, profitable businesses found themselves in a bind because their line of credit was pulled by the bank, and ultimately had to shut down. Many business owners wonder if there is a way to continue to feed their business if the worst should happen to again and their access to reliable credit is cut off. Today on the Prosperity Podcast, best selling author Kim Butler and co-host Todd Strobel reach out to those trying to grow and manage their own business to discuss the importance of being able to borrow against cash value of life insurance in instances where credit is not an option.
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00:33 Reaching Out to the Self Employed
01:02 Keeping Our Doors Open With Cash Value of Life Insurance
04:41 How Do You Access Your Cash Value of Life Insurance?
07:21 The Problem With Seven Year Apnesia
07:59 What Do I Have To Do To Pay It Back?
13:15 What Could a Death Benefit Be Useful For in Business?
14:22 Should This Be Set Up as a Business Expenditure?
Disclosure: Our content is meant for educational purposes only. While it’s our goal to help you learn about building a life of prosperity, we do not intend to provide financial advice. Please consult your financial, tax or legal advisor before making any investment or financial decisions.