Since then , I ’ ve come to see how useful and valuable a properly structured , dividend-paying whole life policy can be , when issued from a mutual life insurance company that offers non-direct recognition loans .
This vehicle helps my clients overcome the inertia of opportunity cost , accumulate a powerful war-chest of capital , and deploy liquid capital for their real estate ventures .
It matters where your money lives . As a CERTIFIED FINANCIAL PLAN- NER™ I have investigated nearly every financial strategy available to investors . Well over 400 + products are available and tens of thousands of uses of those products have been hocked and sold to folks looking for that golden goose that will just help them sleep better at night .
Financial pundits and Wall Street advisors will tell you that whole life insurance is the devil , and while I ’ m sure I ’ ll be ostracized by mainstream financial advisors for saying this , I think every person should at least KNOW that becoming your own source of financing through a properly structured whole life policy is an option worth investigating for yourself . Besides , if mainstream financial advice got us into the mess we are in , maybe it ’ s time for a new way of thinking !
We ’ ve had two major market crashes since the year 2000 . Do you think another one will happen in your lifetime ? Do you want your reaction to the next market crash to be the same as the last one ?
If you ’ d like to not only protect yourself from the next recession , but actually anticipate and take advantage of it , prepare for it now by doing what the banks do , not doing what they tell you to do . Banks purchase a huge amount of life insurance to run their businesses . Prepare by becoming the banker by using a form of capital that banks themselves take advantage of ( Google “ Bank Owned Life Insurance ” to see what I mean ). Imagine we ’ re in the middle of another financial calamity . Everyone is seeing their 401 ( k ) values drop and real estate prices are plummeting . Your friends are nervous about losing their jobs . But instead of fear and instead of begging a banker to lend you his umbrella , you ’ ve established yourself as your own source of capital , using the cash value in your properly designed life insurance policy . You ’ re in control .
When you see the real estate values crashing , instead of fear , you see opportunity . You borrow from your own policy ’ s cash , and within 3-5 days your policy ’ s cash value is direct deposited into your bank account and you ’ ve got cash at closing .
No tax obligations , no government red tape . You are in control . With this kind of leverage , the kind of leverage you own , you can borrow from your policy and still have it earning interest as if you did not take the loan . You read that right . That ’ s a rare feature often misunderstood and overlooked by most insurance agents .
And when it ’ s properly implemented into a policy , you overcome the biggest hurdle in the financial universe - opportunity cost , and giving you uninterrupted compound growth - what has been referred to as the 8th Wonder of the World .
You can pay your policy back on your own terms , when and if you choose . Do you think that will make you more or less competitive as an investor ? Could this help you with more than just investing ? How about buying the stuff of life - cars , medical expenses , paying off debt ... which financial situation would it NOT make sense to be the banker ?
The only thing better than being debt free is to be the banker . Then you ’ re the one lending the umbrellas ! There ’ s more to this than just picking up the phone to call your local insurance guy .
Most insurance agents ( and certainly most Wall Street brokers ) have never heard of this strategy , and you don ’ t want to put your money with an “ I ’ ll just Google it ” advisor . If you ’ d like to talk to someone who has been specially trained and authorized to specifically design a Bank on Yourself policy as described above , please contact us at : hello @ lakegrowth . com or call us at 1-800-962-9141 .
Realty411Guide . com PAGE 79 • 2017 reWEALTHmag . com