UPDATED JANUARY 2019
Have you been seeing advertising about the “770 Account” from the Palm Beach Group and are frustrated because they won’t tell you what it is? Here we explain what a 770 Account is, how it works, and how to find a reputable 770 account provider.
The 770 Account also goes by other names, including the President’s Secret Account, the 501(k) Plan, the Invisible Account and Income for Life. And another name for it is the 702(j) Retirement Plan, attributed to President Ronald Reagan.
You may wonder why it goes by so many different names? There’s a reason for that which I’ll reveal in a moment.
But first, let me take the mystery out of the secret 770 Account by revealing exactly what it is and how it compares to Bank On Yourself, which is a proven safe wealth-building method that has stood the test of time for more than 160 years…
What Is a 770 Account?
The 770 Account is a supercharged dividend-paying whole life insurance policy that grows cash value much faster than a traditional whole life policy does. 770 Accounts also enjoy tax advantages spelled out in IRS Section 7702.
So, how did this type of supercharged life insurance policy get the strange name of “770 Account”? The 770 Account is simply the name the new kid on the block, Palm Beach Letter, gave to the Bank On Yourself strategy to avoid trademark infringement and to create mystery.
Why is it necessary for the Palm Beach Letter to create mystery? The publication – which is a franchise of Agora, Inc., a highly successful publishing company – is a subscription-based investment newsletter.
While you can learn everything you could ever need to know about Bank On Yourself right here on this website and in our Special Report and ezine (which you can subscribe to right here for FREE), the Palm Beach Letter wants you to pay to get the details.