How a Bank On Yourself Boat Purchase & Cruising Kitty Works…
1.With a Bank On Yourself Boat Purchase and Cruising Kitty, instead of using bank accounts, brokerage accounts, retirement plans or the hidey hole under the cabin sole, our money lives in a very special kind of life insurance policy, specially structured for rapid cash accumulation, guaranteed growth and flexible borrowing parameters.
2. We access our Kitty money any time we want, without restriction or penalty, by taking loans from the cash values in our Bank On Yourself Policy. We then pay ourselves back for the loans (replenishing the Kitty) on any schedule we choose.
3. Due to the way these policies are structured, even when we’ve borrowed money from our Kitty, the policy will continue to grow in the background as if we never borrowed from it at all! The result is something I call L.U.C. – Lifetime Uninterrupted Compounding. No other financial vehicle or strategy can give your money L.U.C.
4. L.U.C. gives your money the power to be in two places at the same time! You can use your BoatDollars today to buy a boat and have amazing cruising adventures, while creating a secure financial future for your family at the same time, with the same Boat Dollars.