The money stored in your properly-structured whole life insurance contract is guaranteed to grow every year by an increasing amount; in other words, the increase in cash value between years 3 and 4 is larger than the increase between years 2 and 3. So your cash value cannot go down; it is always increasing and it does so income tax free.
In addition, your cash value receives annual dividends that although not guaranteed, have been declared every year for the last 150 years by the mutual companies that we recommend.
Although the results vary from contract to contract, some policies show an Internal Rate of Return on the cash value of 6 to 7 percent. To obtain a similar return in a taxable financial instrument, it needs to have an Internal Rate of Return in the 8.3 to 9.7 percent range. Can you obtain this rate of return on your IRA or 401(k) plan on a consistent basis and with no risk? I don’t think so.
In addition, a properly-structured whole life insurance contract can be used as a source of financing for all your needs and as a tax-free source of income to your loved-ones when you pass away.
If you would like to learn how you can grow a substantial amount of cash that you have access to at any time without penalties, is unrelated to the stock market, and will generate income that is not included in your tax return, visit our website at http://dev.infinitebankingsimplified.com/blog/ or feel free to email us your questions at ContactUs@InfiniteBankingSimplified.com or call us toll-free at 1-844-443-8422.
Isis B. Palicio, LUTCF, MBA
Pedro A. Palicio, MBA, Ph.D.
Infinite Banking Concepts® Authorized Practitioners
We are experts in designing high cash value dividend-paying whole life policies.