1800InsuranceToday.com Exposing How Affluent Build Wealth With Life Insurance
Online, February 23, 2011 (Newswire.com) - If someone was to tell you today that you could have your own bank. You may think it is far fetched. But is it? The super affluent are using a new life insurance policy which allows you to not only get paid monthly, but also you can setup your own bank using the policy. Simply by using your life insurance as an asset, you can borrow money against it and pay yourself back the interest.
1800InsuranceToday.com Reports: =====
"Many of the super rich are leveraging cheap life insurance policies to create their own banks. Wait... before you believe you need to be a Rockafeller to do this concept. You Don't!!"
"Life insurance policies have been used by the ultra rich for years receive tax free retirement. Not only that, you can secure your financial future having your life insurance pay you month after month. Even today, many Americans do not understand this concept. It's important you do so you can get the correct life insurance policy for you and your family."
"Turning Your Life Insurance Into Your Bank"
"You probably don't sit around calculating how much interest you pay to banks and other lenders each year, but chances are you have financed large purchases, such as homes, education, cars and major appliances."
"The interest paid on these items can add up to hundreds of thousands of dollars, perhaps more, in the course of a lifetime. People often have to decide how much money to allocate for their retirement and how much to paying down current debt."
"But what if it were possible for people to save for retirement in a vehicle that allowed them to finance their life in a way that provided advantages over borrowing from a bank or lender?"
"That is exactly what R. Nelson Nash had in mind when he pioneered the Infinite Banking Concept. In essence, Infinite Banking, and other similar systems adapted from Nash's original idea, involves paying into a whole life insurance policy with an insurance company that allows policy holders to take loans collateralized on their individual policies."
"How the Infinite Banking Concept works"
"Infinite Banking and other individualized banking systems rely on participating whole life insurance policies, which build up equity and pay dividends . Policy holders pay premiums-which vary based on the amount of the death benefit chosen, along with other factors, such as the age and health of the policy holder-into a whole life insurance policy for a period of five to seven years and let the policy increase in value. This is known as the capitalization phase."
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Read the rest of the news report at: http://www.1800insurancetoday.com/infinite-banking-exposed
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If you are interested in learning how the ultra rich leverage life insurance and other assets. 1800InsuranceToday.com offers advice from being able to brush shoulders with the ultra rich. All free of course to help consumers find better ways to secure their future.
Visit 1800InsuranceToday.com to learn how to secure you and your families financial future.
