Quote Originally Posted by David Merrill View Post
If I understand you then, should you quit paying the insurance company transfers the ownership to the Company. Whereas the bank only transfers homeowner ownership by conveying the warranty deed after the house if paid off.
The debt rests with the insurance company and not the bank. Yes, there is interest assessments.
Purchasing the house with a policy loan ensures that there is no lien on the property upon purchase (although from an asset protections standpoint, you want a lien to exist on the property). You own the house outright ( or as much as the State allows you to own in fee simple, I should say .... ).

The lien is on your death benefit. The insurance company will not place a lien on your house.

Money must flow into and out of the insurance policy. Money flows in with premium payments as well as the purchase of additional insurance along with debt being repaid.

Money flows out via policy loans, withdrawal, or payout.

You want money to flow through this vehicle. This is the essence of banking ... storage and flow.