Most entrepreneurs would give almost anything for a reliable source of ready capital to have available for payroll, advertising and promotion, expansion, new equipment, taxes, or simply to take advantage of new opportunities.
A well-structured Bank On Yourself plan can be that source of ready and reliable capital. With Bank On Yourself, you can bypass banks and finance companies and become your own financing source for business vehicles, equipment, office buildings, and more.
A Bank On Yourself plan is a wealth-building and self-financing strategy that’s based on a little-known type of dividend-paying whole life insurance policy. These policies have features added to them that grow your money significantly faster than the policies most financial experts know about.
Unlike the volatile stock and real estate markets, these policies have never had a losing year—in over 160 years
- Walt Disney borrowed from his life insurance in 1953 to build Disneyland, when no banker was willing to finance a “Magic Kingdom.”
- During the Great Depression, J. C. Penney borrowed from his life insurance policies to keep his stores open.
- In 1995, Doris Christopher launched her kitchen tool company, the Pampered Chef. In the forward to her book, The Pampered Chef: The Story of One of America’s Most Beloved Companies, Warren Buffett writes, “To launch her company, Doris borrowed $3,000 against a family life insurance company.” Seven years after its founding, Warren Buffett bought the company—for a reported $900 million.
- Foster Farms was founded in 1939 when Max and Verda Foster borrowed $1,000 against their life insurance policy to buy an 80-acre farm near Modesto, California.
- Senator John McCain secured initial campaign financing for his presidential bid by using his life insurance policy as collateral, writes Barry Dyke, author of The Pirates of Manhattan.
Not just any life insurance policy will do. Only whole life insurance guarantees you it will build up cash value you can use in difficult times as a ready source of money to cover personal or business expenses for emergencies and even to cover insurance costs. Indexed universal life doesn’t guarantee a specific amount of cash value at any given time. It only “projects” (read: “hopes for”) a specific amount. And term insurance doesn’t build up any cash value at all.
A whole life insurance policy comes with more guarantees than any other, and properly structured dividend-paying whole life policies are the only ones recommended for the Bank On Yourself strategy.
Depending on how your whole life insurance policy is designed, it can build that all-important cash value very quickly, or extremely slowly. And nobody knows how to properly design a policy for maximum cash value growth better than a Bank On Yourself Authorized Advisor.
I’m one of only 200 advisors in the U.S. and Canada qualified as a Bank On Yourself Authorized Advisor. I’ve had all the “regular” training required for a license, plus I’ve spent many hours studying—and learning one-on-one from mentors—how to use little-known riders or options that super-charge the growth of the cash value in the policy, especially in the early years of the policy.
In fact, a properly designed policy could have up to 40 times more cash value in the early years than a traditionally-designed whole life policy.
You don’t have to die to “win” with these life insurance policies. I can show you how to use the equity—the cash value—in your policy as a source of funding for your business. You’ll do it by borrowing against your cash value, then paying your policy back—which is like paying yourself back. And the amazing thing is that even while you’re using that money in your business, your cash value will continue to grow as if you had never touched a dime of it.
That guaranteed growth and uninterrupted compounding of your cash value means your Bank On Yourself policy can double as your safe and predictable retirement plan alternative.
So whether you want to launch a chicken ranch, a theme park, or a bid for the presidency—or for any other purpose—consider using the living benefits of a properly-designed Bank On Yourself life insurance policy.
I’d like to offer you a free Analysis now that will show you how Bank On Yourself can give you the peace of mind that comes with having a cash cushion readily available to sustain and expand your business. Your Analysis will also show you how a Bank On Yourself plan can help you take control of your financial future, and even provide an outstanding alternative to traditional retirement plans. Discover the bottom-line numbers and results you could have if you added Bank On Yourself to your financial plan.
To get all your questions answered, and to find out what a terrific asset a Bank On Yourself plan can be for your business, click here.
Click on the links below to learn more about other key benefits of the Bank On Yourself method: