Whole Life Policies on a Keyman or Loved One
When to purchase a life insurance policy on someone else.
When most of us think about purchasing life insurance, it centers around protecting our loved ones from being financially burdened if something were to happen to us. But, there’s much more to consider for those of us that are investing in real estate, either with a partner, with key employees, or even have family members that will eventually inherit our real estate holdings. In these cases, it could make sense to purchase a life insurance policy on another person.
In this training, we will go over two types of business insurance that real estate investors need: Buy/Sell Agreements and Keyman Insurance.
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You will also learn about the many reasons you may want to consider purchasing a policy on a business partner, your spouse, children, or even your parents.
This training will help you understand:
- Buy/Sell Agreements allow you to buy out the beneficiary interest in the business using life insurance proceeds.
- Keyman insurance protects your business from loss resulting from the death of an employee who would be costly to replace.
- Insuring your spouse, even if they are not the breadwinner in your household, is an important way to protect your family.
- A policy on your kids can help you teach your children financial responsibility at a young age, by using their policies to finance their first car, pay for education expenses, or invest in their first real estate deal.
- If your parents do not have policies of their own, owning a policy on them could help you with the future financial burden of medical expenses or end-of-life expenses.
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Dual Asset Strategy
Tax Advantaged Growth
Leverage & Liquidity
This Webinar is for you if you are:
MOTIVATED
This program requires drive and self-discipline. You must be highly motivated to build your real estate portfolio, while also understanding that this is not a business that is built overnight.
COACHABLE
People who realize that following a proven system is a lot easier than having to reinvent the wheel. You must be willing to do whatever it takes to learn and implement the systems we have created.
ACTION TAKER
People who are decisive, seize opportunity, overcome obstacles and are ready to get a little uncomfortable to achieve a future others only dream about.
A STRATEGY WITH LESS RISK
“Personal Financial Engineering.”
What would it be like to be able to take advantage of opportunities at the best time?
In 2008, our clients continued to have access to the cash inside their policies – even when other loans were being called and credit was tight. This allowed them to invest into their real estate deals at the best time- when the market was bottomed out.
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Joining 100 Year REI could be a life-changing move! Our fast-growing Investor Community of like-minded individuals, supported by highly-experienced Mentors, is always there to support.
“I love being able to use my whole life policy to self-finance real estate flips and hard money lending. This strategy lets me double-dip, keeping my savings growing while I use it towards investments. I can then pay my policy back when I realize a profit and use the rest of the profits to maximize the cash available inside my policy. There is a saying that ‘having cash attracts opportunity’, and the liquidity that my policy affords me has done just that!”
– John Grubiak
“For me, I can’t open up enough policies. I currently have 9 policies and decided to take this strategy to the next level using the Dual Asset Strategy. I borrowed against the cash value of my policies to create additional assets- like my crypto portfolio. This way, my dollars are working for me in two places, and I can hedge against inflation.”
– Timon Mitrakis
“I have used my policies to invest in multiple multifamily deals with my brother Gino & Jake. The policies are the ideal cash management tool for real estate investors who need capital when an opportunity presents itself. Now, I have two assets instead of one, a whole life policy and a cash flowing apartment building.”
– Mark Barbaro
“Two years ago, I started dividend-paying, whole life insurance policies for myself and my husband. As a lifelong entrepreneur, it made a lot of sense to have a financial vehicle that gives me access to cash when I need it, on my terms. Since then, I’ve used my policy to finance RV flips and to invest in commercial property development. I use the income-producing asset of the property to pay the loan back at a pace that makes the most sense to me. The best part is- if I need to stop or skip payments I can do so without penalties, and the money I borrowed continues to grow while I pay the policy loan back!“
– Erica Sherwood
CHECK OUT OUR STUDENT SUCCESS
Joining 100 Year REI could be a life-changing move! Our fast-growing Investor Community of like-minded individuals, supported by highly-experienced Mentors, is always there to support.