What Is the Great Wealth Transfer blog header image

The great wealth transfer is a term used to describe the transfer of wealth from Baby Boomers and the Silent Generation to their heirs—and it’s happening now.  Considered the greatest (and wealthiest) generation of all time, Baby Boomers born between 1946 and 1964 enjoyed a number of financial advantages rangingContinue Reading

Is Life Insurance an Asset or a Liability blog header image

If you own a life insurance policy or are thinking about purchasing one, where does it fit on your balance sheet? You have to pay a monthly, quarterly or annual premium, so is it a liability? It might seem that way, but the answer is it depends on the typeContinue Reading

Cash Flow Banking for Entrepreneurs blog header image

Cash flow banking is a proven wealth building strategy ideal for entrepreneurs that utilizes a dividend-paying whole life insurance policy with a paid-up additions rider to maximize growth and protect your assets. But how exactly does cash flow banking for entrepreneurs work? In this article, we’ll explain the concept behindContinue Reading

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