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Why Most People Don’t Know About the Sacred Account Concept
I want to write about why most people don’t know about the Sacred Account.
When I say “most people” I mean the average person in America.
What is the Sacred Account?
It is a specifically designed type of High-Early-Cash-Value-Dividend-Paying-Whole-Life-Insurance.
What it is called is not as important as what it does.
The money I put into my Sacred Account has the following benefits:
- Guaranteed growth
- Guaranteed against loss
- Protected from taxation
- Protected from creditors
- Protected from lawsuits
- Protection of privacy
- My dollars are fully backed
- My dollars are insured against insolvency
When I put in $10,000 for example, that $10,000 is going to grow at about 3–5% per year on average.
I can borrow about 70–90% of that money at a small interest cost and still earn the 3–5% at the same time.
It’s really an amazing system but less than 1% of insurance policies are designed this way.