article : How Permanent Life Insurance Strengthens Your Business
The banking industry has been around since the 3rd Century AD. Since that time, banks have served as a place for individuals to store money and earn a rate of return. Banks have then profited by lending that same money at a higher interest rate. This ability to lend money and charge interest has enabled banking to become one of the most powerful industries in the world.
Paradigm Life assists business owners in establishing their own private banking system that can be used to finance both personal and business expenses. This is made possible by utilizing one of the oldest and safest financial products available...permanent life insurance.
Business owners often have no other method to cash flow their ventures except through traditional bank financing. As a business owner, even if you are in good standing with your bank creditors, it can become difficult to receive financing for equipment, inventory, advertising, or just to expand. This is because the banks not only look at your credit, but the market at the time. Infinite banking and permanent life insurance are the way to provide those needs for your business, without involving a bank.
Permanent Life Insurance is one of the most misunderstood and controversial financial products available. Typically, when people hear 'life insurance', they immediately think of just the product offering a death benefit. In reality, permanent or whole life insurance actually provides a death benefit, along with ample living benefits. Those living advantages, including liquidity and tax benefits, especially benefit business owner's economies.
It is said that "nothing is certain but death and taxes." However, with regards to permanent life insurance that isn't exactly true. The rate of return that your receive from cash value, and any subsequent dividend payments, are accumulated on a tax-deferred basis. If structured correctly this growth can be tax-free! By taking advantage of the many benefits and guarantees of permanent life insurance you will be able to keep the interest payments you would have otherwise given to banks and financial institutions. Read this article to learn how you can make permanent life insurance work for you.