Check out this great video
Wealthy people build capital using life insurance. Poor people use the bank saving account to stay broke. Wealthy people don't use banking products to build true capital.
Cash Value can be explained as the "savings account" of permanent life insurance. Also, your Cash Value builds fast when you add more capital to your monthly premiums. And the best part, it's tax free capital when you need it. You can keep it or use it as a loan. Powerful!
Why would you get a bank loan, when you have access to tax free money, with an extremely lower interest rate. Use your Whole Life or Universal Life Insurance policy has your personal Bank.