Someone got me this book and I have only read the first chapter or so. Seemed like some weird gimmick. I don't know enough about insurance but my basic understanding of it is
1. Set up a Permanant life insurance policy with a participating clause
2. 'Invest' as much money as you can by way of premiums.
3. Borrow money from this policy as often as you need to, tax free. You are limited by how much you have in premiums and in gains, however it is all tax free.
I may have missed some of the details ore even messed some up a bit but that is the gist of what I have read so far.
Can anyone verify if this is legitimate? Even worth reading the book?