Helping You Prepare and Plan for the Future
We specialize in a number of different areas, including Infinite Banking, Tax Free Retirement, Safe Money Investments, Mortgage Protection, College Funding and Final Expense Planning
Infinite Banking Frequently Asked Questions
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What is it?
Infinite Banking is a financial strategy that emphasizes the use of a specially designed whole life insurance policy as a means to achieve personal financial control and to build wealth. It enables individuals to become their own "bankers", providing access to a self-funded source of capital for various needs and investments.
Does it work like a bank account?
No. One of the unique aspects of the cash account is that if you take a loan, the account will continue to earn dividends as if that money never left. You can use the loan for investing, etc. while at the same time, your account is still compounding based on the full account value before you took the loan out. Your money can work for you in two places at the same time.
How does the account grow?
You pay premiums on a regular basis (usually monthly) and a portion of those funds is allocated to a cash value account, which grows on a tax-advantaged basis. This growth is the result of compounding interest and dividends provided by the insurance company.
What about taxes?
In a properly structured policy, the cash account grows tax-deferred, meaning you will not pay taxes on the policy's earnings as long as the policy stays in force. Policy loans are not considered taxable events, as they are treated as advances on the policyholder's own money.
How do you access your funds?
You access your funds through policy loans, offering you flexibility and control over your financial decisions. Policy loans do not require credit checks or approval from traditional financial institutions, providing a valuable source of liquidity in times of need or for investment opportunities.
What is it used for?
Individuals use Infinite Banking as a way to create generational wealth and to achieve financial independence. The cash value can be used for things like funding education, purchasing assets, investing in real estate, starting businesses, or supplementing retirement income.
Tax Free Retirement and Safe Money Investments
We have investment products that can create lifetime income which lasts as long as you do. These funds accumulate on a tax-deferred basis, which can be a tremendous advantage over time. They provide opportunities for growth when the stock market has gains. However, unlike most investments, when the stock market has losses, ALL of your investment and growth stays intact. There is never any downside risk. This is especially attractive to pre-retirees looking to preserve assets they’ve built over several decades. We have the expertise to help you find the best and most suitable investment products to fit your needs.
Get Your Free Color Of Money Risk Analysis
It's important that your investments align with your risk tolerance preferences.
Your Color of Money score will provide more knowledge about your risk profile, and can help you start organizing and building for your financial future.
Simply complete a quick, 11-question self-assessment that will give you a deeper understanding of your overall risk preferences. Click on the button below to begin. When you are finished, enter your name, email and zip code and click Submit to retrieve the definition of your score, and to access your own personalized Generational Vault.
Mortgage Protection
Mortgage protection is a simplified, quick issue insurance that is used to protect your greatest asset—your home. It’s designed to provide a death benefit to pay off all, or a portion of, your mortgage. Optional riders, such as disability income, are available in most states. This protection can be customized to fit your needs and budget.
Living Benefits
If you’re diagnosed with a critical illness or condition, life insurance with living benefits can help you avoid the associated financial burden by providing a lump sum to help cover the associated costs. Our clients have found this useful for filling in the financial gaps left by most medical insurance. Qualifying for critical illness coverage is dependent on factors that include current health, medical history, age, and occupation.
College Funding
College education is more expensive than ever, which forces today’s students into a position of crippling debt that can drag out for decades. So how do you provide a university education for your children while avoiding debt? Our college funding strategies can make all the difference. With the right products customized to your needs, your children can have a bright future unencumbered by student loan debt.
Final Expense Planning
Final expense plans are designed to help alleviate the financial stress associated with the death of a loved one. Due to the variety of our providers and the flexibility of final protection plans, we can structure a plan to fit your budget and find coverage for you no matter what your current health status may be.
Coverage for Children
Most people don't think about life insurance for their children or grandchildren. However, there are several reasons why this is important. If a child were to develop an treatable illness such as childhood leukemia or type 1 diabetes, it can be difficult or even impossible to insure them later in life. With a permanent children's policy in place, they have coverage for their entire lifetime that cannot be taken away. And they can increase that coverage later in life if needed.