What You May Not Know About Insurance
Posted on July 1, 2010
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Are you frustrated with your personal finances ? How about the financial information that you have been given over the past several years; how has that worked out for you? Sadly, most people are in debt, many are facing foreclosure and bankruptcy, many have lost value in their homes, and most have lost much of their retirement and nest egg.
Did you know that there is a proven financial strategy that has stood the test of time – even during the great depression? I am referring to the Infinite Banking Concept. If you haven’t heard of this strategy it is most likely because those that typically give financial advice do so for maximum profit and the financial educators that help individuals and business owners benefit from the Infinite Banking Concept do not earn as much money as traditional financial advisors.
It is a simple concept and it involves using dividend paying permanent life insurance policies to build and then borrow from the accrued cash value . This process is better known as “becoming your own banker.” I know what you are thinking; you’ve been taught the term life is better because it is less costly . What you haven’t been told is that less than 1% of people with term life policies ever use them. So this is good news in one sense because people are living longer, but the problem is that all of that money paid out in insurance premiums over the years is wasted.
There is also a problem with most whole life insurance policies; they focus on the death benefit. Who wants to wait until they die to benefit from that? So why do most insurance agents focus on the death benefit? Because by crafting the insurance policy in favor or a death benefit versus cash value they make higher commissions . There is a financial revolution sweeping across the nation where individuals, families and business owners are using the Infinite Banking Concept to become their own banker. Don’t be the last to get on board !
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