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  • David Shirkey

January 23, 2020 - Be Your Own Bank with High Cash Value Life Insurance - ROUND 2

Updated: Jan 24

This will be our first "Round 2" for a MIG event.


We had a super 1st round event back in August 2019 and due to the interest in this topic we are planning a 2nd Round event for January 23, 2020.


You can watch the video from the August 2019 event by clicking here.


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 January 23, 2020 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 guest for the MIG event, Gary Pinkerton of Paradigm Life, has a podcast episode that 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.


To listen to the podcast, click here.


I can't wait to see you at MIG on January 23, 2020!


David







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