Hello, John Ensley here, President of J-Ensley Financial and one of only a handful of Bank On Yourself Authorized Advisors in North America. This is tutorial #6 and our topic is why we never, ever, use Universal Life (UL) Insurance, Index Universal (IUL) Life Insurance or Variable Universal (VUL) Life Insurance contracts for the Bank On Yourself concept. The below video from Bank On Yourself does an excellent job of explaining the 7 key reasons we ONLY use a properly structured whole life insurance contract and NEVER, EVER, use UL, IUL or VUL insurance products for Bank On Yourself…

 

** Please note that all my Crash Course Tutorial Videos are for explanation and educational purposes only. Videos and other materials should in no way be construed as investment or tax advice. All statements, figures and results for example only. Actual results can and will vary based on individual circumstances. You should consult with your own investment and/or tax professional before implementing any financial strategy…

Click the link to learn more about: Universal Life Comparison Article

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