How to Be Your Own Banker blog header image

So you want to be your own banker? Many families utilize participating cash value life insurance as their own private banking system, allowing them to maximize their income and protect wealth from future market downturns. But how do you get started?  Read more: Understanding the Basics of Infinite Banking BeContinue Reading

Limited Pay Whole Life Insurance blog header image

Limited pay whole life insurance is a type of permanent life insurance policy that is designed to pay all premiums on a predetermined schedule rather than annual payments for life. Like any major purchase, the decision to make smaller payments over a longer period vs. making larger payments to payContinue Reading

Build Your Own Bank blog header image

Have you ever wondered how to build your own bank using a whole life insurance policy? Also known as a 770 Account or Wealth Maximization Account™, properly structured participating whole life insurance policies contain unique features that allow you to use life insurance as though it were your own privateContinue Reading

What Is a Modified Endowment Contract blog header image

What is a modified endowment contract? If you’re shopping for a cash value life insurance policy like participating whole life insurance, you may have heard of the term “modified endowment contract” or “MEC” and how it can strip your insurance policy of certain tax advantages. Pay too much into yourContinue Reading

What Is Modified Life Insurance blog header image

Modified whole life insurance, also called modified premium life insurance, is a type of permanent insurance coverage that charges lower premiums than a regular whole life policy in the first 5-10 years. After 5-10 years, policy premiums go up and typically cost more than a regular whole life policy. InContinue Reading

Life Insurance as a Bank blog header image

Life insurance as a bank? If you’ve never considered the living benefits of a life insurance policy, you’re not alone. The majority of people who purchase life insurance do it for the death benefit. So, it might surprise you to learn that you can use certain types of life insuranceContinue Reading

Limited Pay Life Insurance Blog Header

Limited pay life insurance is a type of whole life insurance policy that is structured to only owe premiums for a set number of years. In other words, rather than paying your insurance premiums in perpetuity, you agree to pay them in full over a pre-specified time. With the limitedContinue Reading

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