Famous Sacred Account Investors

  1. James Cash (J.C.) Penney. In 1929, J.C. Penney was facing a financial crisis. The Great Depression had just begun along with the stock market crash and it wasn’t looking good. Mr. Penney borrowed against his $3 million life insurance policy to cover payroll and float the store through the tough times. Because of the Sacred Account, they made it through and J.C. Penney is now a leading global retailer.
  2. Leland Stanford. Never heard of him huh? How about Stanford University? That’s right! Leland Stanford had a life insurance policy that was used in 1893 to fund the University into the success it is today!
  3. Ray Kroc. The story we don’t hear about McDonalds is that Ray had cash flow issues for about the 1st 8 years. He didn’t even take a salary because the business needed to stabilize. During this period, he borrowed from his life insurance to fund the business and cover payroll. Next time you order a Big Mac, thank the Sacred Account.
  4. Max and Verda Foster. Never heard of them either huh? Sure, but you’ve probably eaten Foster Farms chicken right? In 1939, Foster Farms was founded by Max and Verda. However, to have a farm you need land right? And to have land you need funding right? Can you guess where I’m going with this? Max and Verda used their life insurance to acquire their first farm and found the company we all know today!
  5. Doris Christopher. The Pampered Chef. That’s right! Doris sold it to Warren Buffett for $900 million. Before it became the massive success it is today, Doris used her life insurance policy to start the company. In 1980 she took a loan from her policy to start The Pampered Chef and the rest is history!
  6. Senator John McCain. Remember when McCain ran for President. Well, that’s not cheap! McCain used his $3 million life insurance policy to secure the funding he needed to get his campaign started.
  7. Several U.S. Presidents. To name a few, John F. Kennedy, Franklin Roosevelt, Teddy Roosevelt, and even Vice President Joe Biden.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Jerry Fetta

Jerry Fetta

Jerry Fetta is the CEO and Founder of Wealth DynamX. Jerry’s mission in life is to help create millions of financially educated and wealthy families.