Increase Your Wealth with Permanent Life Insurance
It appears that the only people who aren’t living knee-high in debt are those who seem to understand what others do not know about money. And in a way, those who are not shackled by debt do understand something different, they keep spending money on the right type of assets. Assets that would keep their cash flow going and their money working for them through permanent life insurance.
Correct financial education on what an asset actually is, and what it can do for cash flow, is the first step to increasing wealth. Many people think of life insurance to be just a death benefit. That’s partly true – Term Insurance is just a death benefit. However, Permanent Life Insurance is different.
Here is another way to look at life insurance: if term insurance is on your expense report it’s a liability – you’re not making any money back from it. Permanent life insurance is the opposite of a liability – it’s an asset that offers liquidity, savings, market security, and earns interest. Though Permanent Insurance is on your expense report too, your interest earning policy allows for you, as an owner, to take the cash value and reinvest in other performing assets, making permanent insurance an “and“ asset.
For individuals looking to build and keep lasting wealth, Permanent Life Insurance is a foundational asset that, if properly structured, creates an “and“ asset. Your money, protected inside of a policy, gives the policy owner a cash value. The cash value is what allows you to leverage your finances into other performing assets to generate more passive income. This simultaneous protection and utilization allows for multiplicity of your money. Life insurance is meant to help supplement a person’s working estate, not take away from it.
Lasting Wealth with Permanent Life Insurance
Knowing and understanding the valuable qualities of permanent life insurance is what can provide the foundation for increasing wealth. With permanent life insurance you are giving yourself security, flexibility and true wealth. It is money working for you in multiple ways, not you working for money. This is exactly what banks and corporations do every day, and now you can too.
A Wealth Maximization Account is the backbone of The Perpetual Wealth Strategy™