Most people think life insurance is just a payout when you are gone. Wrong. It’s an asset. You can borrow against it for big purchases. You can use it as collateral when you need liquidity. It even counts toward your net worth. Wealthy people don’t just buy life insurance for protection, they buy it for leverage. So if you’re still thinking life insurance is just when you pass, you’re playing checkers while everyone else is playing chess. | Nicholas Crown