In this special-episode, 100 Year’s Kristin Colca presents a case study on comparing saving money in a traditional savings account at the bank versus using a whole life insurance policy as a savings vehicle. Kristin highlights the key differences and explains how a 100 Year policy is a win-win for real estate investors.
✔ With a whole life insurance policy, you can borrow against 85-90% of its cash value within the first month.
✔ Your compounding isn’t interrupted when you borrow against the cash value.
✔ Same dollars could work more efficiently when put into 100 Year Real Estate structured life Insurance policy as compared to those into savings account.
✔ The interest you earn from a savings account is taxable annually. Whereas, with whole life insurance, gains that are reinvested into the cash value of the policy do not generate a 1099. Plus, if structured correctly, you can borrow against your principal and gains income tax free.
✔ Additional advantages: death benefit protection and access to up to 75% of death benefit in case of chronic illness, terminal illness or a critical illness
If you want to learn more on why should add a cash value Whole Life Insurance Policy to your financial plan (and even the plan for your children), get in touch with our Team here.
These three quick videos will provide an overview of how Real Estate Investors can leverage the benefits of a Whole Life Insurance Policy.
Please watch each video in preparation for our Introductory Call, where we will be ready to dive in and answer any questions you have.
About The 100 Year Real Estate Investor
The Whole Life Insurance Policies offered by the 100 Year Real Estate Investor are specially-designed. This means they work harder toward achieving your financial objectives, no matter what they may be. Check out this blog for 7 facts about our specially-designed strategies that may not be true about typical whole life policies.