Money. Wealth. Life Insurance.: How the Wealthy Use Life Insurance as a Tax-Free Personal Bank to Supercharge Their Savings

By Jake Thompson

America's elite have been using cash value life insurance to stockpile wealth for centuries. Used correctly, it is better described as a personal bank on steroids, and a financial bunker for tough times. To be clear, this book is not about the typical garbage peddled by most insurance agents. Rather, an alternative to the risky investment strategies taught by Wall Street. It details a highly efficient form of cash value life insurance designed to supercharge your savings and stockpile wealth. A product so powerful it's responsible for the success of Walt Disney, JC Penney, Ray Kroc, and thousands of others. Here's what you'll discover: -How the wealthy use this vehicle to create more wealth, take less risk, and create predictable income they can't outlive -Why banks and corporations place billions of dollars in this powerful vehicle -How I earned over 300 percent returns leveraging my life insurance policies -How you can create a safe, predictable foundation to enhance every financial decision you make -How to win with taxes and keep more of the money you make While the information compiled into this book is valuable, you'll also find three case studies that show you exactly how it works. You'll be able to visually see how it grows, how it's accessed, as well as the future income that can be taken. ______________ Influencers of this book are Nelson Nash, his book "Becoming Your Own Banker: Unlock the Infinite Banking Concept"; Pamela Yellen, her book "Bank on Yourself"; Dwayne Burnell, his book "Financial Independence in the 21st Century - Life Insurance * Utilize the Infinite Banking Concept * Compliment Your 401K - Retirement Planning With Permanent Whole Life versus Term or Universal - Create Financial Peace"; and my Father Dan Thompson, and his book "The Banking Effect: Acquiring wealth through your own Private Banking System." I was introduced to these financial strategies at a young age, and this is book represents the effort and energy on both the part of everyone of my mentors, these authors here, as well as my own diligence in learning about and implementing these very same strategies into my personal finances. This book is designed to simplify some of the concepts surrounding cash value life insurance, such as Infinite Banking and Bank on Yourself, and make them easier to understand, stripping them down to the core benefits of cash value life insurance.

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Published Jan 1, 2014

77 pages

Average rating: 8

1 RATING

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Community Reviews

E
eplaydigital
Insurance means different things depending on the situation. Long-term financial planning is one aspect, while travel and medical protection are another. For anyone planning to visit Ukraine, I found more details useful because it explains what kind of visitor insurance is available and how the process works. Reading through practical examples makes it much easier to understand what kind of coverage may be appropriate before traveling.
CristPhD
CristPhD
Exploring strategies like using life insurance as a personal bank can be eye-opening when looking to grow savings efficiently. People curious about alternative insurance options and coverage reliability may find it helpful to see what others say about different providers at is aflac a good insurance company. Comparing real customer experiences alongside these wealth strategies can give a clearer picture of which policies make the most sense.
WEALTHCARE
WEALTHCARE
8/10 stars
The book is very easy to read. The case studies made it easy to understand financial priciples.

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