What happened when James Stewart (George Bailey) went to the bank to ask for a loan?
He was first asked by the banker (Lionel Barrymore as Mr. Potter) , “What collateral do you have?” His Answer,
Click here to view George’s answer on video
Next question asked by Mr. Potter was, ““How much equity do you have in it?”
Our grandparents and great grand parents generations knew the value of Whole life insurance. They did not have Term Insurance with zero equity and that runs out or cost too much when they needed it most.
Term insurance has its place but should not replace properly designed permanent life insurance.
WALT DISNEY USED FUNDS FROM HIS
LIFE INSURANCE POLICY
TO BEGIN MANIFESTING HIS DREAM.
Walt Disney collateralized money from his life insurance policyand so was able to take a loan after the bank refused to lend him money to start a theme park, which is now the world famous Disney Land.
George Bailey of It’s A Wonderful Life wanted to also…but Potter wouldn’t do it.
Categories
Tag Cloud
Blog RSS
Comments RSS
Last 50 Posts
Back
Void 
Life 
Earth 
Wind 
Water 
Fire