Why Most People Don’t Know About the Sacred Account Concept
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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.
But the question is, why?
Well, the main reason is that to design a life insurance policy like a Sacred Account, the agent selling it must be able to do a few things that aren’t the easiest:
- Take about a 300% pay cut. A Sacred Account pays the agent selling it about 300% less than they’d make it they sold normal whole life insurance.
- Actually be trained on how to design a policy correctly. The insurance companies and agencies aren’t going to push this training because it is labor intensive, pretty complex, and the product ultimately brings in 300% less money for them too.
Think about it. If you’re a giant insurance agency with a team of agents are you really going to teach them all to make 300% less money? Some will because it’s the right thing, but most agents will never find out about this as an option and therefore never offer it to a client because their management doesn’t want them to sell something less profitable.
And even if the agent does know about it all, the agent themselves needs to be the kind of person who is willing to make 300% less money in order to do the right thing for the client.
My team and I help clients all over the country setup and use Sacred Accounts on a regular basis and we are happy to show you how it works!
To learn more about the Sacred Account and how you can use it to achieve greater financial freedom, I want to offer you a free copy of my book The Blueprint to Financial Freedom.
Click here to grab your copy!
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.)
