When the Wall Street markets fell a few
months ago, the cash value in those life
policies sailed right through it all with
uninterrupted growth.
Taking it even further
This is the very strategy most business owners should be
using to cash flow their business while simultaneously covering
themselves in regard to buy/sell planning and key person
coverages. This is how I was able to cash flow millions of dollars
in inventory distribution while running my business for all those
years. By leveraging those dollars, I was able to broker discounts
without having to take bank loans. I completely funded the
business using my cash value permanent life policies. Rarely do I
find a business that would not benefit from implementing these
same strategies in their business.
The baby-boomer generation was a very hard-working
generation of people that played a big part in building this country
to what it is today, but they also took a lot of risk, and sometimes
that risk set them back. Learning from 2002, 2008, and now
the events of these past several months, necessary changes are
needed in how money is viewed. This pandemic will only be
one of many unforeseen events moving forward, so it is always
better to be prepared, creating peace of mind about money being
protected whether in business or in personal life.
From personal experience
Unfortunately, my wife, Elizabeth, passed from this life on
January 1 st this year after a long battle with breast cancer.
Elizabeth was such a blessing to me and our two children. She
loved life and she loved people, and she always wanted to give
back to the community. Her legacy will not only be the memories
from her life, it will also be the monetary legacy she left by having
a permanent life policy of her own. There is no investment out
there that could have matched that massive tax-free death benefit
she left for this community. We can now grow those dollars to
help build churches, schools, help those in need and, in particular,
help Saint Gianna’s Women’s Home who help women and their
children in times of distress. This organization had a personal
place in her heart, and I plan on continuing to support them on
their mission.
A plan must work in all
circumstances, and not simply
perfect circumstances.
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