Imagine, if every time you needed money, instead of borrowing from a bank, or using a credit card, you had your own private bank (of your money) that you could get a loan from, for whatever you need.  Then whenever you take a loan, you would be PAYING YOURSELF the principal and interest the bank would have received.  Instead of the bank using your money to make money, you would be making all of those profits. 

How much better off would you be?

 

How the Concept Works
The main idea is to stock away as much money as you possibly can, as quickly as you can, into a good participating whole life or universal life policy , for five to seven years to create your own private bank.  Then whenever you need to make a big purchase, you can borrow the money from YOUR bank (your Life Insurance policy).  Now you pay the loan principal and interest back to yourself.  You're now making the big profits on your money that the bank would have made.

 

This Concept Isn't New
It’s a great concept.  However, the concept isn’t exactly new.  Variations of this 'safe money' concept have been used for more than 30 years.  Thirty plus years ago, many financial advisors were showing their clients that the safe money they put into their participating whole life policy could be used for emergencies, to take advantage of business opportunities, to fund a college education, to buy a car, to buy property and much more.  However, if you take money out prior to age 65 (retirement) you’ll want to pay the loan back, plus the interest, so you will have the tax-free retirement income you planned on.

 

It Works Better Today
As well as this 'safe money' concept worked 30 years ago, it works much better today because of the 'paid-up additions rider' that was introduced in the late 1980’s.  Today, using a paid-up additions rider, you can dramatically over-fund a participating whole life policy up to the MEC (Modified Endowment Contract) guidelines, making it an exceptional wealth accumulation vehicle, while still keeping the unique benefits and safety of cash value life insurance.

WHY PARTICIPATING WHOLE OR UNIVERSAL LIFE

• You can put in as much money as you want... limited only based on the size of the policy, which you can make as large as you need. (Not so, with qualified plans) 

• All of the money you put into a cash value life insurance policy builds tax deferred.  You avoid paying income taxes every year, so your money builds faster.  

• You can borrow the money from the policy tax-free, without contractual withdrawal penalties.  And, there are no early withdrawal penalties from the Federal Government.  (Not so, with qualified plans or annuities)

• You have complete control.  You can take loans from the policy without going through any pre-qualifying process as you would with a bank or credit cards.

• Guarantees:  Only life insurance and annuities guarantee your investment principal and offers you minimum growth guarantees for the life of the contract.

• Cash-value life insurance is generally not attachable by creditors.

• You have a disability waiver of premium rider that will continue to deposit money into your account if you ever become disabled.  This makes the plan self-completing.  (Only life insurance offers this unique benefit)

• Life insurance provides a death benefit that gives your family the money you intended to save; in the event you can’t be there.

• Life insurance cash values don’t count as an asset when applying for college financial aid.  And, loans from life insurance aren't a taxable event, so they are not reportable when applying for college financial aid.

• Life insurance can provide a tax-free income during retirement, that you cannot outlive.

• You'll have the protection of life insurance in your retirement years to replace a lost pension and Social Security income at your death, for your spouse and heirs.

• Unlike qualified plans and annuities, the death benefits and cash values are transferred income tax-free to your beneficiaries.

• Cash value life insurance generally bypasses probate (and it is private, so there are no public records).

• And best of all, in most participating whole and universal life policies, you will be making money on the money you borrow.  You are NOT borrowing your money directly from the life insurance policy, so you'll continue to earn interest and dividends on ALL of your accumulated cash values.

"You Be the Bank?" Why?

When you are the "bank," you can take back the control of your money...
and your life!

Making The Concept Work
The real beauty of ‘Creating Your Own Bank’ is that with some small modifications to their ideas, almost everyone can use this concept... to take back control of their money and be on the road leading to true financial independence.

Call a Hepburn Financial Group representative today at 877.225-3544,
click here to request more information,
or visit us at www.hepburnfg.com
to see how else we can help you Protect Your Most Precious Assets... Your Family.