The first secret I am going to tell you about is how the rich protect their Insurance...
yes, life insurance.
When you think of life insurance, work, a couple bucks a month, you die, someone gets paid.
Right? But what most people don't know is that there is this thing call "Cash Value Life Insurance".
What it is basically, is what I like to call a "Tax Free Checking Account".
You put in a set amount of money every month, and after about five years (this depends on the insurance company), you are able to withdrawal money from this account, just like a 401(k).
You pay a penalty just like a 401(k), and it is really up to you if you want to pay it back.
Oh, and did I tell you that this "money" can grow too? You can choose to the money invested in mutual accounts, follow the S&P 500, among many other investment choices.
So if you taken all this in, you will see that you put in money, which is called the "cash value" of the insurance policy, it can make money as well, and the kicker is that since it is called "life insurance" their is a death benefit when you pass away as well, oh and did I say this was all paid out TAX FREE! This is the perfect vehicle for anyone to use, if you want to leave "something behind" for loved ones.
No hassle on their part and no taxes too! So you may be thinking, why haven't I heard of this before? Is this for real? Most of us don't belong to the super rich elite, and therefore do not have the resources to a "Financial Advisor", but I say, you know what, we should all have access to this information! And at no cost! When I first learned about this in class, and that only the "rich" get this information, I thought, no way, I am going to tell everyone that I know.
When you know better, you do better.
I hope this information has opened your eyes on what you can do.
yes, life insurance.
When you think of life insurance, work, a couple bucks a month, you die, someone gets paid.
Right? But what most people don't know is that there is this thing call "Cash Value Life Insurance".
What it is basically, is what I like to call a "Tax Free Checking Account".
You put in a set amount of money every month, and after about five years (this depends on the insurance company), you are able to withdrawal money from this account, just like a 401(k).
You pay a penalty just like a 401(k), and it is really up to you if you want to pay it back.
Oh, and did I tell you that this "money" can grow too? You can choose to the money invested in mutual accounts, follow the S&P 500, among many other investment choices.
So if you taken all this in, you will see that you put in money, which is called the "cash value" of the insurance policy, it can make money as well, and the kicker is that since it is called "life insurance" their is a death benefit when you pass away as well, oh and did I say this was all paid out TAX FREE! This is the perfect vehicle for anyone to use, if you want to leave "something behind" for loved ones.
No hassle on their part and no taxes too! So you may be thinking, why haven't I heard of this before? Is this for real? Most of us don't belong to the super rich elite, and therefore do not have the resources to a "Financial Advisor", but I say, you know what, we should all have access to this information! And at no cost! When I first learned about this in class, and that only the "rich" get this information, I thought, no way, I am going to tell everyone that I know.
When you know better, you do better.
I hope this information has opened your eyes on what you can do.
Source...