What Is the Great Wealth Transfer?
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?
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
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
Modified Endowment Policy vs. Permanent Life Insurance
A modified endowment policy is a life insurance product that can be useful for estate planning or retirement income with less volatility than market-based assets. It’s considered a form of limited pay permanent life insurance because it’s often purchased in one lump sum or over the course of a fewContinue Reading
How to Be Your Own Banker in 5 Steps
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: Choosing a Policy
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 with Whole Life Insurance
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
How to Start Infinite Banking
Curious how to start infinite banking and start borrowing from yourself? You’re not alone. Infinite banking is becoming increasingly popular among American families as people look for ways to diversify wealth away from the stock market and reduce exposure to market volatility. Cash value whole life insurance is a provenContinue Reading
What Is a Modified Endowment Contract?
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
How to Set Up an Infinite Banking System
The infinite banking system is a wealth strategy that utilizes dividend-paying whole life insurance as an alternative to saving and borrowing with a traditional bank. While there are several benefits to using a whole life insurance policy as your private bank, perhaps the two biggest draws are its tax advantagesContinue Reading
