Two Famous Businesses Whose Owners Used Whole Life Insurance Policies to Finance their Business.
Walt Disney, the founder of Disneyland
Yes, Walt Disney apparently had trouble convincing Banks that people were going to visit a Theme Park for the love of a mouse and a duck. So he borrowed money using the cash value of his whole life insurance policy to finance his Theme Park called Disneyland when the banks wouldn’t give him a loan. Now Disneyland is world famous.
Ray Kroc, owner of McDonalds Restaurants Chain.
Yes, Ray Kroc had trouble getting loans from banks to expand the chain of restaurants called McDonalds threw real estate acquisitions. It seems that banks thought a restaurant chain with a clown mascot called Ronald McDonald was a silly idea and refused to loan him money. So he borrowed money using the cash value of his whole life insurance policy to finance his business and eventually used a loan to buy out the founders and owners the McDonalds brothers. So he became the sole owner of the McDonalds Hamburger Fast-food chain. Now McDonalds is world famous.
Interesting how these two men borrowed against the cash value of their whole life policies to finance these once obscure, but now famous businesses. Knowledge is power, power brings wealth and wealth provides freedom. Free yourself.
✍️ By Shortsegments.
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