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Confidential Banking Background

Confidential Banking Background

 

The concept of using life insurance as a better alternative financing and wealth building system comes from a centuries old financial product: dividend paying whole life insurance.  This concept has many names, but the idea is essentially the same. For our purposes, we will call it CONFIDENTIAL BANKING.  It is a uniquely designed, properly structured whole life, cash value life insurance policy, with a participating, dividend paying, mutual life insurance company, with paid up additions, that increase accessible cash value.  It is essential to remember that this special type of policy design knowledge is required because the IRS has established rules to limit the amount of premiums that can be paid into a policy at the same time. The IRS has decided that if too much cash is paid into a policy at once, a Modified Endowment Contract (MEC) is created which eliminates tax advantages of the cash value life insurance policy.

 

In addition to proper policy design, choosing the right life insurance company for this “bank on yourself” system is an essential decision. There are many top companies that offer cash value insurance policies; but all companies are not created equal. 

 

Once your policy is created and funded and time has passed to allow for the growth of sufficient cash values (and this will change from policy to policy), you can begin borrowing from it as a source of private capital.  Most whole life insurance policies don’t achieve a real benefit to real estate investors, because they are improperly designed.  A life insurance policy must be designed properly, with the right company, and must be devised as a personal “bank on yourself” system.  This simple idea accounts for much of the bewilderment, even among life insurance professionals, concerning how soon a policy can be used for self-banking purposes.  In fact, life insurance agents don’t want you to know about this because they get a lower commission.  Most professionals have this indoctrinated approach of a policy that is primarily concentrated on purchasing a death benefit, as if that was the only benefit of life insurance.  However, a policy designed in this way will grow cash value very slowly and therefore will take a long time to gain the footing needed to become beneficial for self-banking transactions.  Our clients don’t have to wait until year ten to see a benefit – they have the ability to tap into this system right away. This living benefit is also what sets this system apart from all other financial products and systems in the market.  And it has been right under our nose the entire time.  The big corporations and banks have been doing this for decades, but you can do it to.

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Our Financial Expert Advisor will personally reach out to answer all of your questions.

Schedule a free 30-Minute Consultation

Our Financial Expert Advisor will personally reach out to answer all of your questions.

Our Support and Sales Team is available 24/7 to answer your queries

Our Support and Sales Team is available 24/7 to answer your queries

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