Page 17 - Moran Financial
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A Properly Designed Infinite Banking Plan
As you probably have figured out, this is NOT about buying term life
insurance, which pays a death benefit if you die prematurely. Actuarially,
term insurance is designed to terminate before you do. Shockingly, only
about 1% of term insurance is ever paid out in claims! Because of this,
it’s one of the biggest and most reliable sources of profit for insurance
companies since no cash values accumulate in it and claims are minimal.
It’s one of the main reasons Infinite Banking structured plans pay as high
as they do since this profit, in the form of dividends, are passed on to us!
Rather, Infinite Banking plans are designed around permanent dividend
paying life insurance that lasts as long as you do, with tax exempt cash
value growth, where the cash is accessible for use whenever the need
arises. And of course, your cash keeps growing 24/7 whether you use it or
not.
Jim Pattison is not alone. For over 150 years, dynasties have been built
using dividends of life Insurance companies: think Rogers Wireless,
Disney, businesses and banks. Today, more than ever before, a growing
number of people have come to recognize the Infinite Banking Concept,
using dividend paying life insurance as the perfect unspoiled vehicle to
build wealth… for its safety, predictability, and extraordinarily consistent
dividend returns year after year.
Canadians from all walks of life use life insurance companies profits to
accumulate wealth, and to have their money continue to grow while using it
elsewhere. . Let’s discover what they know.
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