I kind of do a hybrid. As an accountant and excel geek I create repayment plans and will pay those back as scheduled. I also have a monthly savings plan for premium payments but I will use those towards the policy loans to reduce interest expense and then when premiums are due I will just take a policy loan to pay the premium if needed.

Somehow I stumbled upon a YouTube video of James Neathery doing a presentation which led me to Nelson's book and many YouTube videos and podcast. Was pretty confident in the process and started a policy 3 years ago. It wasn't until I listened to Dave & Paul and then re-read Nelson's book 2 more times, did I really catch it. It hit me like a 2x4 across the forehead. Thanks to Paul's help, I'm now approved for a 2nd policy and starting one on my wife and kids.