Are you looking for a way to secure your financial future and achieve tax-free income for life? If so, you may want to consider leveraging The Bank's Money to fund your future.
A cash value life insurance policy is a type of permanent life insurance that combines death benefit protection with the opportunity to build cash value over time. As you pay premiums (Insurance industry term meaning "contribution"), a portion goes towards the death benefit and the rest accumulates in a cash balance account that earns interest. This allows you to not only protect your loved ones with a tax-free death benefit, but you can use the cash value while living to generate tax-free income for life.
So how does Bank's Money fit into the equation? By using bank's money to fund your cash value life insurance policy, you can potentially achieve double digit returns for life. This is done by taking out a low interest loan against the cash value of your policy every year, which is then placed back into your life insurance contract. Over the years, the value of your policy increases, which also provides a larger death benefit and more cash value to use 100% Tax-Free!
But isn't taking on debt risky? While it's true that there is always some level of risk involved, we keep this strategy very conservative. For every person we work with, we provide a 35-year look back as if you started this strategy then, to show how it would perform in the good years and the bad years (think Dotcom bubble, 2008, Covid). The death benefit from your policy will pay off all loans, leaving a large tax-free inheritance for your heirs.
The safety and stability of life insurance as a financial tool is demonstrated by the fact that some of the largest banks in the USA own tens of billions in bank-owned life insurance (BOLI). These institutions understand the value of protecting their assets and ensuring a secure financial future through life insurance. And when it comes to choosing a life insurance provider, it's important to select a reputable, A+ rated insurance company. At Lion's Share Wealth, we work with more than 20 A+ rated insurance companies to ensure you receive the best program. This ensures that your insurance policy is backed by a financially stable and reliable company.
It's no secret banks like to make money, and earn as much money as they can. Banks diversify into many financial tools to grow.
This chart illustrates two assets owned by the largest banks in the United States: Life Insurance and Real Estate (not including corporate offices and branches). It may come as a shock these banks own over 100x more Life Insurance than they do real estate.
When you consider the safety of life insurance, and the tax-free benefits, it's easy to see why banks own as much insurance as they can.
This begs the question....would you rather do what the largest banks say to do, or would you rather do what the largets banks do?
Schedule a free consultation with us today to determine if using The Bank's Money is a suitable strategy for you.
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