Build multiple insurance policies on different lives to access larger death benefits than one policy allows. The strategy requires patience: fund gradually over time and resist the urge to pull money out early. It's a long-term approach to becoming your own banker.
Chapters
That's why you should have a system, and you should ideally ensure everyone that you have a beneficial interest in because you're right, there's no way that you would get that amount of death benefit past the underwriters on your life individually. Whereas if you have a system and you have several lives insured, you're not only diversified in lives insured, but you're also able to get more capital into your system. But it's meant to be done gradually and incrementally over a period of time. It's not meant to be achieved in an afternoon which as human beings were regularly conditioned to I need it now, I want it now, I deserve it now, I'm entitled to it now. I want to construct it now, I want to fund it now. I don't have time to be thinking about becoming my own banker.