Recently an article published on Yahoo! discussed the advantages and benefits of Cash Value Life Insurance. Not only did the author list many of the benefits found within Cash Value Life Insurance (Whole Life), but he went one step further and compared them to traditional savings plans (ROTH IRA, IRA, 401(k), just to name a few).
Clearly the author (C. Anthony) understands the basics and economics behind whole life insurance policies, and many of the examples illustrated are directly inline with what Infinite Banking is all about. Rarely do you see much written about the living benefits associated with whole life insurance, and it is refreshing to find a simplified article (from someone outside the insurance industry) that grasps these ideas and delivers them in an effective manner. We highly recommend that you read the article and we have included some notable excerpts from the article below…
Cash Value Insurance Vs. IRA/401K
“In this article, I want to discuss a little bit about cash value life insurance, and compare it in a retirement scenario to a more traditional IRA, ROTH IRA, or 401k. I will show, that, in general, before the age of 40, whole life insurance will outperform a ROTH or traditional IRA or just about any of that other mutual fund propaganda. In fact, it will usually outperform a 401k with company match as well….”
“Because as soon as you understand economics of life insurance, you will see that in a whole life policy, you have $1 doing the work of $2….”
“Did you read that? You will get PAID to have life insurance. How does that happen, you ask? It comes from a little axiom that I like to call, $1 doing the work of $2….”
Article: Yahoo! Associated Content – Cash Value Insurance Vs. IRA/401K
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