Kim Butler's book is fabulous. She clearly presents you with the little known fact that "the first Beneficiary of your Life Insurance policy should be YOU." It is likely the most under-utilized opportunity in personal finance to increase your cash flow. You read that right: you don't have to die to use properly-designed Life Insurance! It's not about just borrowing from your cash value, you don't sell your policy to someone; none of that here. She clearly gives you some tools and concepts you'll want when you look to utilize a non-traditional financial planning approach, hopefully very soon.
Thank God for Prosperity Economic teachers like Kim. Her leadership and this book are a first for consumers, because they are based on truth concepts. I've known of Kim for years, and I've verified these concepts over the last 25+ years, even longer than I've known her.
The book is easy for a consumer to read and understand (It is NOT easy for a traditional financial planner, so don't bother). She divides LYLI into 3 sections: 1. How to Use Your Cash Value, 2. How to Use Your Death Benefit While You Are Living, and 3. A very clear Glossary. Within this framework, she describes 5 phases of owning life insurance from the very first year with real-world examples: The Start-up Phase, Years 1-5; The Leverage Opportunity Phase years: 6-30; Spending Other Assets Phase: Years 20 - 40; Using the Death Benefit Phase (Years 41 - 50); and finally the 5th Phase, Setting Up the Family Bank ( Years 51+). This is an excellent, common-sense approach to personal finance, and it could not come at a better time for you.
Remember: The "first Beneficiary of your Life Insurance policy should be YOU."
People who own, utilize, and live their life insurance love it. Enjoy this book