Learn how to put your life insurance policy into action and maximize its benefits in this informative webinar. Discover strategies for leveraging your policy for financial security, including cash value options and effective beneficiary designations. Gain insights on policy management and how to align your coverage with your long-term goals. Join us to empower yourself and make the most of your life insurance.
Putting your Whole Life Insurance policy “in action” means actively using the policy’s features, such as its cash value and loan provisions, to support your financial goals. Instead of viewing it as a static investment, The Perpetual Wealth Strategy™ treats Whole Life Insurance as a dynamic financial tool that can provide liquidity, tax-free income, and protection. This approach allows you to take advantage of your policy’s growth potential, using it to fund opportunities, handle emergencies, or generate supplemental retirement income.
You can access cash from your Whole Life Insurance policy through policy loans or withdrawals from accumulated cash value. Policy loans allow you to borrow against your policy’s cash value, typically tax-free, and the cash value continues to grow even while the loan is outstanding. This feature provides liquidity for expenses, investments, or other needs without depleting your policy’s long-term value. The Family Bank Strategy often uses this approach to finance family goals or build additional wealth while keeping funds accessible.
Borrowing from your Whole Life Insurance policy involves taking a policy loan against its cash value. This loan is secured by your policy, meaning there are no credit checks or approval processes. You’re free to use the funds as you wish and can repay the loan on your own terms. Interest is charged on the loan, but any unpaid interest is simply added to the loan balance. The Perpetual Wealth Strategy™ leverages this flexibility, allowing you to use policy loans to fund investments or cover expenses without creating a taxable event.
The Family Bank Strategy uses the cash value in a Whole Life Insurance policy to create a self-sustaining source of funding within your family. By borrowing against your policy’s cash value, you can fund family needs—like education, business ventures, or real estate—without relying on external lenders. This strategy allows wealth to grow in multiple places, as your policy’s cash value continues to earn dividends while you also benefit from using the loan. It’s a powerful way to build generational wealth and teach financial responsibility.
Whole Life Insurance can supplement retirement income through policy loans or withdrawals from cash value, both of which are typically tax-free. This approach provides a flexible income source that doesn’t impact Social Security benefits or increase your taxable income. Known as The Covered Asset Strategy, it allows you to tap into your policy’s cash value to fund retirement needs, giving you a stable, accessible asset that protects against market downturns and sequence of returns risk.
When you take a loan against your Whole Life Insurance policy, your cash value continues to grow as though the loan weren’t taken out. The policy’s guaranteed growth and any eligible dividends are based on the full cash value, not the reduced balance due to the loan. This feature allows you to leverage your policy’s value while still benefiting from its ongoing growth, aligning with The Perpetual Wealth Strategy™ to maximize your wealth’s potential in multiple areas simultaneously.
