In this article, I’m going to take on one of the most common myths in life insurance: that it takes forever to build cash value. I know that many people think that it takes many years to build cash value in a life insurance policy. But just think for a […]
maximum funded life insurance
10 posts
Many people think creating a “modified endowment contract” (MEC) is bad. However, this negative perception oversimplifies reality. In certain situations, intentionally creating a MEC can actually be a strategic financial planning move. What is a Modified Endowment Contract? What is a Modified Endowment Contract? A MEC is a tax classification […]
The goal of this post is to show how a life insurance policy can generate two to three times the income from the same amount in other forms of savings.
Private banking strategies like The Double Play require a maximum over-funded life insurance policy to get the most benefit. Not every "over-funded" policy is funded right up to the legal Maximum (Minimum non-MEC). The best way to know that your policy design is funded right to the minimum non-MEC threshold is to look at the ratio of the cash value to the premium in the first policy year of your Illustration. If it is not 85-90%, then the policy is likely not designed right.
How often do you hear the recommendation to “Buy Term and Invest the Difference” when the subject of permanent life insurance comes up? Do you accept that statement at face value? Or are you like me and you need to see some proof? The Premise The premise behind “Buy Term […]
Podcast for Patriots - Podcast Interview with Tom Rutkowski discussing Investing in Real Estate Using Life Insurance.
There is a lot of fear-mongering about life insurance on social media. The Whole Life guys are bashing IUL. The IUL guys are bashing Whole Life. Securities guys are bashing life insurance. I don’t know what your motive is in making such a blunt statement without providing any facts to […]
The goal of this post is to debunk the top 5 most common Life Insurance Myths. Life insurance is a powerful tool for Private Banking.
Beware of Whole Life and IUL bias online. Both Whole Life and IUL are safe policies for The Double Play and Life Insurance Retirement Plans.
People save for retirement all their lives. Do you know when you will have enough to retire? Do you know how much income your portfolio will generate? People save with 401(k)s, IRAs, SEP, SIMPLE, pensions, annuities, real estate, and life insurance. But at retirement, it’s time to stop putting in and […]