Why Do I Put as Much Money as Possible into My Life Insurance?
I am about to fund my life insurance policies as the year wraps up and I want to give you some insight on what my thoughts are behind doing this.
As someone who has quite a bit of money in my life insurance and continually adds more, I have a unique insight that might not be totally understood otherwise so I’d like to share that with you.
I call my life insurance The Sacred Account.
It is a form of High-Early-Cash-Value-Dividend-Paying-Whole-Life-Insurance.
I just call it the Sacred Account because that’s easier and for me it is Sacred.
I only use it for 4 things:
- Paying off debt
- Building reserves
- Self-financing large purchases
That’s it. I don’t use it for anything else!
When I put money into my policy, my funds experience the following benefits:
- 3–5% compounding annual growth for the rest of my life, tax free
- Guaranteed growth
- Guaranteed against loss
- Cannot be taxed
- Protected from Creditors
- Protected from Lawsuits
- Protection of my privacy
I can also borrow against the funds I have in the account and use it for one of the 4 options I mentioned, and my money will still grow like it never left!
So, at the end of the year, my policy anniversary date happens, and this is when I can newly maximize my contributions for the next 12 months and I do that.
This year I will probably put 6 figures or more into my Sacred Accounts.
Yes that’s right, I will probably put over $100,000 into my life insurance policies as the year wraps up.
Which means you have to ask yourself the same question I asked myself when I found out that the largest banks in the U.S. are the #1 owners and purchasers of this exact kind of life insurance and collectively have over $200 billion in savings and reserves in it.
What’s the question?
Are they the stupid ones here?
Or am I?
I’m putting 6-figures in my life insurance.
There is probably someone reading this who can’t fathom that or understand why.
If you’re that person, which of the two of us is the dumb one? Dumb meaning that knowledge is lacked. There’s nothing wrong with being dumb, as long as we don’t stay dumb!
I’d like to invite you to begin learning how you can use the Sacred Account strategy the same way that I am by giving you a free copy of my book The Blueprint to Financial Freedom.
Click here to order your copy!
I know this book can and will change your life, but only if you buy it, read it, understand it, and apply it!
So I’m going to remove all the barriers.
Buy it? I’ll give it to you for free.
Read and understand it? I’ve got a Course Supervisor on staff who will check in and make sure you read and understood the book.
Apply it? I’ll give you a free coaching call with your purchase!
Click here to get your copy now!
To Purpose, Wealth & Freedom,
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.)