Best Life Insurance Policy Ever.

I chal­lenge you to let me know of any finan­cial vehi­cle that can beat this div­i­dend pay­ing whole life pol­icy, with a mutual com­pany, in it’s growth poten­tial, it’s safety and secu­rity, it’s funds availability/liquidity, it’s tax advan­tages and it’s liv­ing and legacy benefits.

This is a Wall Street Alter­na­tive and I know of no other finan­cial vehi­cle that is as good as this as a liv­ing ben­e­fit that can be used like your own bank that has a death ben­e­fit to top things off. Let me explain the num­bers below.

Let’s begin with the first pil­lar of finan­cial well-being, Debt Elim­i­na­tion.

Debt is the killer of dreams. Forbes inter­viewed the top 400 wealth­i­est peo­ple in Amer­ica and asked them “What is the most impor­tant key to build­ing wealth” 75% replied, “get­ting and stay­ing out of debt.” So let’s look at the num­bers of case study #1, a 51 year old male, non-smoker.

1) His annual con­tri­bu­tion is $19,200. This buys him from day one, $350,000 of life insur­ance which will be passed on to his heirs, tax free, if he passes away right away.

2) This also pro­vides a cash value of $13,520 in year one. Why is this impor­tant? Well first off, if you know of any other life insur­ance pol­icy that pro­vides this much cash value from day one, please let me know, seri­ously. And sec­ondly, this is now the begin­ning of own­ing your own bank­ing system.

What is the best use of that $13,520. a) sav­ing up for an emer­gency fund, b) pay­ing off your debt. c) if you do not have any debt then using the money for pur­chas­ing what ever you want for your busi­ness or plea­sure or for just d) keep­ing your hard earned money so it can expo­ten­tially grow in a law­suit and cred­i­tor proof vehicle.

See why buy­ing a car with money bor­rowed from your own bank cre­ates so much more wealth than buy­ing a car with money bor­rowed from some­one else’s bank here.

3) In year one, case  #1 must pay the full $19,200 pre­mium, how­ever, if some­thing hap­pens after  year one and he can­not pay the full $19,200, he can keep the pol­icy going with a min­i­mum annual pre­mium pay­ment of $5,548. ( These pay­ments can be made with semi-annual, quar­terly or monthly pay­ments as well)

Let’s jump to the sec­ond pil­lar of finan­cial well-being Wealth Build­ing

This pil­lar is show­ing the pol­icy num­bers at year ten. Please notice how the annual pre­mi­ums have stayed the same at $19,200 how­ever the death ben­e­fit has now increased to $697,454. The cash value, the money in your bank to use to pay off debt or buy needs for your busi­ness or plea­sure, has grown to $215,907.

Let’s look at that more closely. So far case #1 has paid into his pol­icy $19,200 x 10 years = $192,000. If we sub­tract $192,000 from $215,907 we have a $23,907 growth increase which is approx­i­mately 12.45%. This means, the money case#1 is pay­ing for his life insur­ance with is actu­ally earn­ing him tax free income, while pay­ing for itself, while pro­vid­ing a bank­ing sys­tem  to pay off debt with or use how ever he deems fit, while build­ing for him­self a tax free retire­ment fund. As time goes by, this wealth build­ing only gets faster and more exciting.

Let’s now look at pil­lar # 3 of the four pil­lars of finan­cial well-being Retire­ment

This pol­icy is designed to assume case #1 retires at age 70. How­ever, because of the flex­i­bil­ity of this pol­icy, he can retire when ever he wants to. There are no restric­tions or penal­ties like there are with other retire­ment vehi­cles. See my post for my info and videos on 401(k) here

1) The death ben­e­fit has now increased to $1,033,004.

2) The cash value avail­able in his per­sonal bank  has increased to $524,687

What do these num­bers mean for case #1?  Well, for the next 20 years, from age 70 to 90, he will be able to bor­row from his own bank $31,481 of TAX-FREE INCOME every sin­gle year.

Let’s now look at pil­lar # 4 of the four pil­lars of finan­cial well-being Legacy Plan­ning

3) If case #1 passes at age 90, his ben­e­fi­cia­ries will still receive $175,000. If he passes before then, they will receive more.

Do you know any other finan­cial vehi­cle that can pro­vide this type of retire­ment for you? If so, please let me know what it is.

So, case #1 has made 19 years of $19,200 pre­mi­ums which equals $364,800 yet his life­time ben­e­fit is $804,624. So in 19 years the growth in his pol­icy has been $439,824. This is a growth of approx­i­mately 120.5% over 19 years. ( 364,800 x 120.56% = $439,802)

On top of all the other ben­e­fits, where else can you cre­ate risk free, tax advan­taged, growth with a death ben­e­fit to top it off? This is why I am so excited about shar­ing with you, the best way to man­age your own money.

Below is a screen shot of years 1 through 20 for case #1. You will notice that there are guar­an­teed and non-guaranteed div­i­dends. The num­bers I am using for the cash value are the third col­umn over from the left titled “Total Cash Value End Year.” I am using these totals because the com­pany that pro­vides the ser­vice for this par­tic­u­lar pol­icy has paid div­i­dends for the last 150 years con­sec­u­tively. Through the Great Depres­sion, through all the civil and world wars, and is cur­rently pay­ing div­i­dends right now; they have never stopped.

I am going to point out a few more tid­bits now.

1/ Notice for year four, case #1 pays his $19,200 pre­mium, how­ever the cash value has grown each year so this year the cash value is higher than the annual pre­mium at $20,663. $68,561 – $47,898 = $20,663.

2/ Now move down to year eight.

a/ First his yearly pre­mium is still $19,200 how­ever the cash value for year eight is $162,116 minus $137,031 = $25,085.

b/ End of year 8 case one has paid pre­mi­ums of 8 x $19,200 = $153,600 and the cash value has grown to equal $162,116. As stated ear­lier, this means that his life insur­ance is now free because all of what he has paid is now cash value that he can use for any rea­son as stated above.

3/ Now at year 19, age 70

Now case #1 has paid $363,545.00 worth of pre­mi­ums, how­ever, his cash value has grown to $524,687.00 and his death ben­e­fit has grown to $1,033,004.

His pre­mium for year 19 is $18,945 yet his cash value growth for that one year is $41,075. Cal­cu­lated by sub­tract­ing $483,612 from $524,687 which equals $ 41,075. This is about 218% more than the premium.

4/ No more pre­mi­ums need to be paid after age 70, they are auto­mat­i­cally cal­cu­lated into the pol­icy num­bers to be paid inter­nally. This means one can just enjoy one’s retire­ment by bor­row­ing out the cash value in the pol­icy. Because the money being taken out is a loan, there are no taxes paid on that retire­ment income.

Do you know how much money you have in your retire­ment account right now?

Are you guar­an­teed that it will still be there when you need it at your retirement?

Do you know how much you will be taxed when you draw it out?

Do you know how much you will have avail­able each year?

o you know how many years it will last you?

Do you feel secure about your retirement?

If you would like to know the end at the begin­ning. Have guar­an­teed “no loss of prin­ci­pal”. Have tax advan­taged growth. Have a death ben­e­fit to top it off. Have money in a cred­i­tor proof vehi­cle. Plus have your own bank­ing sys­tem all at the same time with the same money, con­tact me now – jen­nifer @debtdiagnosis.com. I’d love to do a free illus­tra­tion like the one above, for you today.