Perhaps the most obvious advantage of individualized banking is that it offers life insurance coverage—something most people need anyway. Life insurance is a low risk investment; there are guaranteed returns, and life insurance companies are noted for their longevity.
There are also tax benefits. In a properly structured life insurance program, if you borrow the money out of the policy, the proceeds are tax free. As long as you don’t lapse the policy, no taxes are due. When the death benefit is paid, it is paid income tax free, minus the withdrawals. We structure these programs so that the income stream is tax free through age 100, in some cases longer, and the policy has a no lapse provision in it so as not to generate a taxable event.”
In addition to providing capital for borrowing, policies can also provide a stream of retirement income for policy holders. There are no age limits on policy withdrawals. Fr other vehicles you have age issues and tax disadvantages. Not with this,
This is the front of the wave for retirement planning. “Setting up something like an Infinite Bank...allows you to save for retirement planning and know exactly what your tax exposure is going to be when you start pulling the money out. And if you pull it out correctly, you’re going to have zero tax exposure. This is what we all want right.
Insurance policies are also safe from exposure to litigation and creditors. Insurance policies are protected from...taxes, creditors, litigation, things like that, For example, a lot of doctors, lawyers, and business owners use this Infinite Banking Concept...because it shelters assets. Now it is not just for these people. It is for anyone now a days. Think how sue happy people are. You can get sued for the smallest thing. It is another reason I would tell you to get a trust.
In addition to being safe, individualized banking is flexible. Policy holders can borrow money and use it for purchases for which financing is usually hard to come by, such as foreign real estate. Policy holders can even become lenders themselves, borrowing money to lend it to other people in order to earn further interest.
People who use individualized banking can use their policy in a variety of ways without turning any money over to a bank or other lender at any time. This has been done for 1000's of years. Ask some farmers.
So, if you want to know more ask for the FREE report."How to pocket the interest you now pay to Banks, Credit Cards, and other Finance Companies, for tax free income for life."
You must be aware of
In addition to building up their policies, policy holders must be dedicated to paying back loans, though there is certainly more flexibility involved, since policy holders are paying themselves back. If unforeseen circumstances arise, policy holders can change their repayment schedule as necessary, rather than worrying about foreclosure, repossession or damaged credit. However, failing to pay back loans will diminish the effectiveness and efficiency of the system. Then the retirement years will be effected. Now you have control over this; not like the stock market.
People who want to use an individualized banking system will need someone familiar with it to help them set it up, and not all insurance brokers are aware of the system. Dave has been trained in this system by nelson Nash himself, and has also created a bank for his family. He understands it and knows how to create them. Every person is different on their own needs. Dave understands how to work with you.
So, if you want to know more ask for the FREE report."How to pocket the interest you now pay to Banks, Credit Cards, and other Finance Companies, for tax free income for life."