- Richard Nicholson
How investing in your life insurance can create wealth
Investing in your life insurance can create wealth.
Yes, it sounds confusing at first. But that doesn’t make it less true.
When you invest in your life insurance, the total investment keeps growing tax-free after each investment. Therefore you aren’t taxed on this part of your wealth.
Also, you’ll be able to borrow against the total cash value of your life insurance. So if you’re planning to buy a house or pay for your children’s tuition, that’s also possible.
Again, tax-free. You can even choose from a great array of investment options that can outperform many traditional investments due to its unique characteristics only found in these vehicles. Or if you want to play it safe you can guarantee your funds as well. You can custom fit your solutions to your needs.
All in all it’s a great way to build your total wealth slowly, while even being able to benefit from it when you’re still alive. On top of that, the beneficiaries of your life insurance will entertain huge benefits from this construction.
When you pass away, all the created wealth will become available to them tax-free. So the full amount of the invested money in the life insurance will be maintained. So not only is it a great way to create wealth while you are still alive, but you create intergenerational wealth as well.
It’s something more people should be aware of and should be taking advantage from.