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Most people miss the advantages of whole life insurance because they view it as strictly an insurance product that doesn't do anything else. But it's that perspective, not the product, that has the limitations.Do you need to get the highest-quality life insurance you can count on, but you feel like life insurance agents are conspiring against you and sabotaging your success? Do you have questions about the advantages of whole life insurance, or maybe you need some tools to help you?

Well, look no further because this article will give you the advantages and answers you need, without you having to compartmentalize it as just buying death benefit, separate from the rest of your financial life.

Best of all, these seven goodies will put you on the fast-track to success with your life insurance right now.

Table of contentsWhere Do the Advantages of Whole Life Insurance Policies Fit in the Cash Flow System?Advantage of Whole Life Insurance #1: Vault-Like SafetyAdvantage of Whole Life Insurance #2: Competitive Growth on Cash ValueAdvantage #4: Tax SavingsAdvantage #5: Gateway to Income-Boosting StrategiesAdvantage #6: Privacy from Creditors and LawsuitsAdvantage #7: Legacy PreserverPros and Cons of Whole LifeFind out More

Where Do the Advantages of Whole Life Insurance Policies Fit in the Cash Flow System?

Life insurance coverage in itself is just one small part of the bigger journey to time and money freedom.

That’s why we’ve developed the 3-step Business Owner’s Cash Flow System. It’s your roadmap to go from just surviving, to a life of significance, purpose, and financial freedom. 

The first stage is the foundation.  You first keep more of the money you make by fixing money leaks, becoming more efficient and profitable. 

Then, you protect your money with insurance and legal protection and Privatized Banking. 

Finally, you put your money to work, increasing your income with cash-flowing assets.

That being said, whole life insurance designed for maximum early cash value AND maximum long-term growth fits in the protection layer of creating wealth. At the same time, it improves every other area of your financial life.

Advantage of Whole Life Insurance #1: Vault-Like Safety

A whole life insurance policy is a savings vehicle, not an investment product. You can compare it to other savings tools, like checking accounts, savings accounts, money market accounts, and CDs.

Similarly, a whole life policy's cash value is safe, because it won't drop in value.

This matters, because your cash value is impervious to market crashes and corrections. It won't drop in value unless you take the money out.

And if you take a peek behind the curtain to compare whole life insurance companies to banks, you'll be impressed here too.

Life insurance companies can make these profound guarantees mainly because of their long-term conservative investment strategy and their strong reserves. While many banks are required to keep only 10% in reserves, life insurance companies have more than 100% in reserves.

Notably, banks failed 27x more than insurance companies did during the years between 2005 - 2017. During those 12 years, there were 523 bank failures, while only 19 life insurance companies became insolvent. And those companies were small, poorly rated, companies. The highly rated companies have stood strong for well over 100 years, through multiple economic crises.

And like the FDIC that insures your bank deposits up to $250,000, each state has a Guaranty Insurance Fund (GIF) that insures your insurance.

Top that off with making sure you're working with the highest-rated, best life insurance companies. Then, you can be doubly, triply sure that whole life cash value is a savings tool that will guarantee your dollars will be there for you.

Advantage of Whole Life Insurance #2: Competitive Growth on Cash Value