$50,000 Lump Sum into Life Insurance
I had someone ask me yesterday what it would look like if they put $50,000 into a Sacred Account.
The Sacred Account is a form of High-Early-Cash-Value-Dividend-Paying-Whole-Life-Insurance (which you can see why we just call it the Sacred Account it’s way shorter!)
It is not only the safest place I can put my money, but it is life insurance which means when I die, my loved ones will get more money than I actually had, and it also allows me to borrow against my account and use my funds while the money is still there growing.
So what would $50,000 look like?
First, realize when I put a lump sum of money in, I will have ongoing annual contributions still. These are usually at least 10% of my lump sum.
So if I wish to put in $50,000, then I need to be comfortable contributing at least $5,000/yr for probably 5–7 years at least.
The first point is Gurantees.
My $50,000 is guaranteed against loss.
It is guaranteed to grow.
It has a guaranteed death benefit.
Next is Protection.
My $50,000 is proteced from taxes.
It is protected from creditors.
It is protected from lawsuits.
It has chronic, critical, and terminal illness riders that protect me financially in the event of a medical incident.
And lastly, it again has the death benefit which protects my loved ones when I pass away.
Then we have Growth.
My $50,000 will earn guaranteed interest of usually 1–3%.
My $50,000 will earn surplus dividends of up to another 1–3%. These are not “guaranteed” like the interest is, but they paid dividends every year for over 150 years in a row.
Lastly is Access.
I will have access to about 90% of my $50,000.
So the entire $50,000 is growing at 3–5% per year, tax free over the rest of my life.
I can borrow about $45,000 of it and the entire $50,000 is still there earning 3–5% like it never left.
Meanwhile I can take the $45,000 I’ve borrowed and pay off consumer debt, self-finance large purchases, or invest it for passive income!
Of course each case is going to be different and unique based on circumstances, but this is generally what you can expect!
If you’d like to learn more about how you can use The Sacred Account for lump sums of cash like I described here, I want to offer you a free copy of my book The Blueprint to Financial Freedom!
Click here to get your free copy!
When you order the book, I will also assign you a Course Supervisor who will ensure you finish the book and understand it, as well as a free 1 on 1 coaching call with my team so you can begin implementing what you’ve learned!
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To Purpose, Wealth & Freedom,
Jerry Fetta
Jerry Fetta is the CEO and Founder of Wealth DynamX. He is a nationally recognized financial expert featured in Forbes, Yahoo Finance, Fox, Chicago Weekly News, New York Finance, interviewed on over 45 podcasts with world renowned experts, earning endorsements and affiliations throughout his career with names like Kevin O’Leary, Grant Cardone, Dave Ramsey, and Pamela Yellen.
Jerry’s mission in life is to help create millions of financially educated and solvent families achieving greater financial freedom and sharing the truth about money with those around them.
Learn more at www.WealthDynamX.com
(DISCLAIMER: The information in this content should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Wealth DynamX can and does not provide advice unless/until engaged by you.)
