August 28, 2019 - Be Your Own Bank: High Cash Value Life Insurance
Updated: Aug 30, 2019
This topic might seem a bit strange, but I believe it is worth learning about. Please come to our August 28, 2019 MIG event to learn more.
We all need to store our cash savings somewhere. Most of us save money in a normal bank checking account or in a normal bank savings account, or in a CD, or maybe in bonds?
What if there was a high performance, safe, efficient, tax advantaged, and liquid cash savings method with death benefit as a bonus?
Would you like to learn about a way you can safely store your savings and grow your savings? How does 4-5% annual compounding growth sound? How does tax-free growth of your cash savings sounds? How about having access to your cash savings so you can "use" the cash while the cash continues to grow at the same time? How about having a death benefit for your loved ones as a bonus?
These features are possible by storing your savings in a specially designed whole life insurance policy with a participating mutual life insurance company. This is sometimes referred to as a high cash value life insurance policy.
We will dive into this in detail at our August 28, 2019 MIG event.
Want to get a head start?
If you want to get a "head start" on this, then here are a few books to consider:
1) Live Your Life Insurance by Kim Butler
2) Becoming Your Own Banker by Nelson Nash
3) Building Your Own Privatized Banking System: Specially Designed Life Insurance Contracts (SDLIC) by John Moriarty
Prefer to listen to a podcast?
Our special guest for the August 28, 2019 MIG event, Gary Pinkerton of Paradigm Life, was recently interviewed on the Best Ever Real Estate Investing Advice podcast. This podcast episode provides a nice summary of the High Cash Value Life Insurance concept a.k.a Infinite Banking Concept a.k.a. the Becoming Your Own Banker concept.
I can't wait to see you at MIG on August 28!