These are unprecedented times we find ourselves in, and there is no historical playbook for navigating them.
The Coronavirus has turned the financial markets upside down, and the experts are bemoaning the fact that there’s “been no place to hide,” including the traditional “safe havens.”
However, none of the hundreds of thousands of people who use the Bank On Yourself strategy lost a penny as the markets careened out of control. Their plans haven’t skipped a beat and continue growing by a guaranteed, predictable amount, just as has happened every year for the last two centuries.
Their annual increases are guaranteed to get larger every year, and all of their principal and ALL of the gains they have ever received are locked in. These plans do not go backward.
They also have access to the equity in their plans to help them weather the extraordinary challenges they face today – with no restrictions, no penalties, no taxes due… and no questions asked!
Let’s take a look at three ways Bank On Yourself is your best financial bunker in scary times:
Bank On Yourself Has a 200-Year Track Record of Positive, Guaranteed, Competitive Growth
This strategy relies on specially designed high-cash-value, low-commission, dividend-paying whole life insurance. It’s nothing like the kind most financial representatives know about.
Out of nearly 1,000 life insurance companies, only a handful offer policies that meet all the requirements to maximize the benefits you receive. The companies preferred by the Bank On Yourself Professionals:
- Are among the financially strongest in the country, are highly regulated, and have a multi-layer safety net
- Are owned by policy owners, NOT stockholders, which means they focus on the long-term best interests of the policy owners rather than the short-term demands of Wall Street
- Have been in business and have paid dividends every single year for at least 100 years
- Allow you to borrow against your cash value while continuing to pay you the same dividend as though you never touched a dime of it
To get a referral to a Bank On Yourself Professional who knows which companies are the best to use and has passed the rigorous training to know how to structure your policy to maximize the growth and minimize your taxes, request a free, no-obligation Analysis here:
Perhaps this analogy will help explain the difference between whole life as a wealth-building vehicle and most other products and strategies favored by the financial talking heads…
On the freeway, can you spot the difference between a teenage boy putting daddy’s hot sports car through its paces, and a young suburban mother in her minivan taking two kids to play soccer, with a toddler buckled in a car seat? One driver is trying to get somewhere fast, while the other is getting to her destination while doing everything possible to protect those who are near and dear to her. If you can understand that difference, then maybe you can sense the difference between the Wall Street Casino and the life insurance industry.
With a Bank On Yourself-Type Policy, You Don’t Have to Die to “Win”
Unlike term insurance, Bank On Yourself policy owners enjoy numerous living benefits, including one that some consider to be the “8th Wonder of the World” – policy loans.
You can borrow against your cash value in the policy at any time and for any reason, regardless of your credit rating. The only questions you’ll be asked are how much do you want and where do you want it sent.
You can set your own repayment schedule and skip payments if needed, without fear of collection calls, repossession, or dings on your credit report. You can pay back the loan when you get back on your feet.
This feature was the life raft that saved many people from financial ruin during the Great Recession and the Great Depression.
Check out our Consumer Guide to Policy Loans, which answers the most frequently asked questions about this feature.
Although the Living Benefits are Phenomenal, it Also Comes With a Death Benefit that Provides a Safety Net for Your Loved Ones
The Coronavirus has served to remind all of us of our mortality – regardless of age.
The death benefit of your policy is likely to be many times greater than the premiums you paid and many times greater than your cash value. It pays the death benefit if the insured person passes away for any reason (other than suicide in the first two years).
It’s been reported that there has been panic shopping for life insurance since the Coronavirus became widely known.
Please note that neither age nor poor health need to be obstacles to qualifying for one of these policies because you can have someone else you have an “insurable interest” in (a spouse, child, grandchild, parent or business partner) be the insured. As long as you are the policy owner, you control the policy and the money in the policy.
However, it does take a little time to go through the application process, and most of the time, a medical exam will be required. And there is talk that insurance companies may soon institute stricter guidelines, coverage exclusions and premium increases, so it’s important that you get your application in now because the terms of a policy already submitted or issued cannot be changed. Premiums can’t be increased, either.
Which means the very best time to apply for a policy is TODAY – because who knows what the future may bring?
Having a significant portion of your savings safe and liquid in a Bank On Yourself-type life insurance policy only gives you more options, not fewer – especially when the you-know-what hits the fan.
Take Action TODAY to Safeguard Your Wealth and Avoid Having Your Retirement Dreams Turn into a Retirement Nightmare
You might be tempted to put this aside and “think about it all tomorrow,” when things “get back to normal.”
But “tomorrow” all too often turns into months and years. I would hate to have you wake up 2, 5 or 10 years from now – when the next “Black Swan Event” scuttles your best-laid plans again – thinking, “Heck, I really should have looked into that Bank On Yourself thing.”
So take action RIGHT NOW. Request a FREE Analysis and referral to a Bank On Yourself Professional here.
The Bank On Yourself Professional we refer you to can answer all your questions and show you how you could gain lifetime financial peace of mind with a program custom tailored to your unique situation.
Don’t wait another moment. Click this button to get started:
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