Benefits Of You Owning
Permanent Cash Value Life Insurance
By Lew and Jeremy Nason
As we've discussed in previous
articles, if you want to succeed with selling life (or any product),
then you must ask questions to help your prospect see and understand
the financial problems they are facing now and in the future.
You must ask questions to get them emotionally involved in the sales
process.
If your prospect does not see they have a problem,
then why should they take the time to meet with you, or buy from
you?
'People buy
based on emotions... and then justify their decisions based on
logic!'
Once you've helped your prospect to
identify their problem, they are emotionally involved and they
want to solve their problem, then you can provide them
with the logical reasons (Benefits) of why they may want to use
Permanent Cash Value
Life Insurance as the foundation of their financial plan.
(Whole Life,
Traditional Universal Life and Index Universal Life)
Benefits Of You Owning Permanent Cash Value Life
Insurance
Permanent Cash Value
Life Insurance is a very unique and flexible financial planning tool
to help you and your family to achieve real financial independence.
Properly structured and properly funded Cash Value Life Insurance
provides you with these exceptional benefits…
-
First and
foremost
Cash Value Life Insurance
provides your family with the money they need in the event of
your death... to replace your lost income, pay-off mortgages and
pay-off consumer debts, along with paying any medical expenses
and burial expenses as a result of your passing.
-
By
purchasing cash value life insurance while you are young the
premiums are low, and will remain level throughout your
entire life. (If properly funded)
-
You own
the policy instead of renting it. You have complete control.
-
You don’t
have re-qualify for the death protection, as you grow older.
-
Cash
value life insurance is a
forced savings plan.
It forces you to “Pay Yourself First!”
When
you understand that a portion of all you earn is yours to keep
but not to spend, great wealth won't be far behind.
-
Unlike
qualified plans, there are no caps (limits) on how much money
you can save each year. (You are only limited by the size of
the policy.)
-
Your cash
values accumulate tax deferred.
-
You have
a liquid ‘emergency fund’ for life’s unexpected events.
-
As the
cash values accumulate you are buying and paying for less death
benefits.
-
The cash
values can be accessed income tax-free and penalty free prior to
age 59½.
-
Because
of the disability waiver of premiums and death benefits, C.V.
life insurance is the only self-completing savings, college
funding and supplemental retirement plan!
-
Cash
value life insurance is not attachable by creditors.
-
Cash
value life insurance doesn’t count as an asset when you apply
for college financial aide.
-
By over
funding a cash value life insurance policy, up to the MEC
guidelines, it can become “investment grade life insurance.”
(Missed Fortune Concept)
-
The cash
accumulated in your policy can provide you with a tax-free
income in retirement. (Taking withdrawals up to the cost basis
and then borrowing the remainder)
-
You’ll
have the protection of life insurance in your retirement years,
to replace lost pension and social security income at your
death… ('Pension Max' concept)
-
Unlike
qualified plans and annuities, the death benefits and cash
values are transferred income tax free to your beneficiaries.
-
Cash
value life insurance generally bypasses probate. (And it is
private, no public records)
-
Cash
value life insurance can be used to pay income taxes on
qualified plans and your estate taxes at your death.
-
Safety - All 50 states have
something similar to FDIC for life insurance policies and
annuities... Plus, insurance companies must, by law, cover at
least 100% of their liabilities with reserves, hence the term
“100% legal reserve life insurance company.” There are also
regulations as to the percentage that can be held in certain
forms of assets. This system has produced a remarkable
overall record of solvency and safety.
-
Guarantees - Only Life
Insurance and Annuities guarantee your investment principle and
offers you minimum growth guarantees for the life of the contract.
You can
also use
Permanent Cash Value Life Insurance to create your
own bank... as outlined in the 'Money for Life'
and 'Infinite Banking' concepts.
The Four Pillars of Every
Successful Personal Economy
by Jeffrey
Reeves, MA
First Pillar
- You capture in your own "bank", the interest and principal you pay
to others. Stop living as the indentured servant to lenders, credit
cards, tax collectors and Behemoths whose only goal is to consume
your money and enhance their wealth.
Second Pillar
- You may still work after your planned retirement, but it will be
because you want to, not because your portfolio crashed, you ran out
of money due to risks inherent in investing or were simply
unprepared.
Third Pillar
- Whether you face a disability, employment concerns, a family
crisis, uninsured medical or long-term care costs, unplanned
expenses or any other financial challenge, you'll have money in your
"bank" to handle it.
Fourth Pillar - Discover how to "pay forward" the
gifts of your money and your financial wisdom as a tax-free
inheritance to future generations so they, too, experience the
financial independence and freedom afforded by the 'Money for
Life' method.
Learn how
to gain control of the money that flows through your life and thrive
in the 21st Century, by creating your own bank…
-
You can
get to the money in your "bank" whenever they want or need it -
no penalties, no waiting, no taxes.
-
The government, employers or any
other outsiders have nothing to say about how you operate your
"bank."
-
Your
"bank" is protected from creditors and lawsuits.
-
You can borrow against your "bank" for
any reason and you don't have to qualify in any way.
-
When you borrow from your "bank," your
money keeps growing as if you hadn't borrowed a cent -
essentially, your money does double duty. (Some Whole and
Universal Life policies)
-
Your "bank" allows you to recover the
money you pay to purchase cars, household furnishings, vacations
and other big-ticket items, or to fund education, business
start-ups or any other costly expense, and deposit both
principal and interest recovered right back into your "bank."
-
Your "bank" allows you to put all of
the interest you would normally pay to credit card companies,
banks and other credit grantors into your "bank," where it
compounds for your benefit.
-
Your "bank" allows you to pre-pay the
cost of future health and long term care so the money you need
as you age is in your "bank" when you need it most.
-
Your "bank" can fund an
inflation-protected income that you do not have to work for and
you can't outlive.
-
You can use the money in your “bank” when an unforeseen life event
throws you off track (and that happens to everyone at some time
or another.)
-
Your
“bank” lets you grow your wealth income tax free
every year…no sliding backward…no worries about stock market
crashes or real estate market bubbles…just peace of mind about
your money.
-
Your “bank” serves
you without compromise while you are alive and allows you to pay
forward - tax free and to anyone you choose - your legacy of
wealth and wisdom.
Over
the last half century, America misplaced some of its greatest
treasures. These are not physical items or artifacts. They are the
economic
principles,
practices and
tools
that built the most enviable economy in history.
Media driven
drivel that seduces Americans into serving the best interest of
others have replaced these rock solid fundamentals.
Behemoths pay
billions of dollars each year to convince us that they know better
than we do what is best for us. They care not what is truly best
for the wealth and well being of our families and us as individuals.
We call this
distorted view of the economic world the "Debt Paradigm" because it
rests on the premise that the
only way to have everything you need
and anything you want is with debt-to-others. That is
untrue...
You can gain
control of all the money that flows through your life by using the 'Money
for Life' model of wealth creation and money management.
You can have
everything you need, anything you want and you do not need
debt-to-others to get it.
Use these
conservative investing strategies in building personal wealth and
become your own bank. It's your opportunity forward your wisdom,
knowledge and understanding.
There are only a handful of
books, written by financial professionals who have 40 years or more
of real life experience working with and helping families. One such
book, recently self-published, is Money for Life -
by Jeffrey Reeves, MA with Dr Agon Fly.
____________________________
Message
to Financial Advisors…
You have a great opportunity to
really help your prospects to weather this last financial storm and
help them to enjoy a rich life now and in the future.
People need and want your help to achieve the financial security
they’ve been dreaming about and deserve. Aren’t life insurance
and
annuities a way for us to give these middle-income families the
safety, guarantees and growth they are looking for? When
are you going to get back to the basics and start actually helping
people, instead of just trying to make a sale? Jeremy
and Lew Nason
