Jayson Lowe explains how he uses dividend-paying, participating whole life insurance policies to build personal and corporate 'banking systems' that centralize financial overhead and provide ready access to capital. By growing a pool of financial value through these policies, he can quickly seize opportunities without delay; he frames becoming one’s own banker as an important (but under-recognized) function for people in Canada.
How am I leveraging my system of dividend paying, participating whole life insurance policies to implement the process of becoming your own banker in my life, both personally and professionally? When you have ready access, capital opportunity will hunt you down. By building this daily growing pool of financial value, opportunities track me down, and so I'm able to capitalize on those opportunities without delay because I have ready access to the capital to do it. In my personal life, all of our personal financial overhead flows through our banking system. In my corporate life, all of our corporate overhead flows through our corporate banking system. So we control the banking function as it relates to our needs. And most people in Canada today have no idea just how important this function is in their lives. If you ask yourself this question, who is the banker in your life today? If it isn't you, it should be. And this is the method in how you go about achieving that.
