Cash Flow Banking
Have you ever heard of cash flow banking? If you are like most, then probably not. However, the wealthy, the banks, and the corporations put their money here!
Most people have been conditioned that cash value life insurance does not provide cash flow and not a good vehicle to put your money into. It is time for a change! We have financial figures such as Dave Ramsey and Suze Orman that state whole life insurance is not a good buy. They call whole life insurance worse than a pay day loan or compare it to predatory lending! They influence today’s consumer to buy term life insurance and invest the rest into no load mutual funds. If only, they knew about cash flow banking !
The reason they state that is because if you just need life insurance, then term life insurance is your cheapest purchase. Whole life insurance (the traditional way) is a lot more expensive and it is not a good investment vehicle. I agree with everything they are saying!
Change Your Mindset…Infinite Banking
HOWEVER…. If people were more informed that you can structure an life insurance policy for growth and less for insurance protection to achieve several different financial goals there would be less resistance.
Therefore, you can structure acash value life insurance policy for growth and less for insurance protection.
In order to do that, you need to get educated on how this can be done.
First, you need to understand that only so many Insurance Companies will allow you do this and also only so many insurance professionals know about this certain design for an insurance contract. Lastly, a number of insurance professionals know about this, but they know they are giving up significant commissions as well! This can slash their profits by 50-70%, if not even more.
The main idea you have to understand is that you can suppress/decrease the cost in life insurance by decreasing the death benefit and directing those dollars into the growth and accessibility of the account. Once you do that it allows the policy to start working for your benefit NOW, as opposed to just providing benefits for your beneficiaries.
The only way to do that is to put an enhancement or rider on the policy called a Paid Up Additions Rider. This rider allows you to have access to your cash early on and kickstarts the growth of your life insurance policy. This can be different for each individual. The main goal is to structure it for LIVING BENEFITS and Not for Death Benefits! Please hear me… If you need insurance to protect your family, but enough insurance. However, if you want to structure an insurance policy for :
- Tax Benefits
- Tax Free Death Benefit
- Tax Free Loan Provisions
- Tax Free Income
- Private Financing
- Non-Recourse Loans Against Your Cash Value
- Long Term Care Benefits
- Unlimited Contributions to the Account (Unlike an IRA or 401K)
- Guaranteed Access to Money
- Control Over the Utilization of Those Dollars inside the policy
- No Penalty if You WIth draw Money or Use the Money as a Loan
- Receives Dividends
Then, please find a professional that will design this policy for your benefit with a Mutual Life Insurance Company. Strong Mutual Life Insurance Companies operate like credit unions and are not publicly traded companies. Most of these companies have been in business for 100-150 years and have been paying dividends to their owners/policyholders since inception of their operations. They even paid dividends through the Great Depression and have endured several currency changes as well. Banks and Corporations hold a percentage of their capital with these companies because they are considered “Tier 1 Assets” or the safest asset in the world.
Life Insurance can be viewed as a financial vehicle with tremendous living benefits, not just for Death Benefits!
Please contact me at firstname.lastname@example.org for any questions on this strategy and to see how this can kickstart your way to financial independence. Also, download, “Financial Planning Has Failed” on the Home Page.