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Dollar &
Contributed by Alan Porter, Strategic Wealth Strategies
The Perfect Financial Vehicle
Let me ask you this question: Do you own permanent
cash value life insurance, such as whole life, or my favorite, Indexed Universal Life Insurance? If you don’t, why not? Is it because you have always been told by your CPA, Money Magazine, or your Financial Entertainers (such as Suzi Orman and Dave Ramsey) to buy term and invest the difference? There is only one problem: 99% of people will buy term insurance, but they don’t invest the difference. The largest banks, with the best financial minds in the world, have permanent cash value life insurance as one of their greatest assets, and it’s not term insurance. If you don’t believe me, check it out at www. FDIC.gov. If you had always thought something was true and it turned out not to be true, when would you want to find out about it? Immediately, of course, so read on! Were you aware that the insurance companies have the best IRS approved tax-free retirement system available today, and 99% of your Financial Planners, CPAs, and Attorneys know nothing about it? Why don’t they? It is a lack of education about these products and not being licensed to sell it. Let me ask you this, if you had a financial vehicle that would accomplish the following objectives would it change your mind? • Grows tax-deferred like a qualified plan • You access your gains TAX FREE • It does not affect taxation of Social Security • Use as collateral with any lender • Avoids probate • Protected against litigation • No required age to access money • Long Term Care Options • Tax free income at retirement IR Code 7702 & 70E • Tax-Free Death Benefit protects family • Capture up to 80% or more of market gains • Guaranteed no loss due to market loss • Applying for college aid? Doesn’t count against you • No minimum age or income requirement The list goes on, but there is only one financial vehicle that will accomplish this and it is not stocks, bonds, mutual funds, or CDs: cash value life insurance! The tax advantages alone make this a great product, but when you add all the other advantages, there is nothing that can compare. Were you aware that 70% of all Americans will need long-term care at some point in their life? If you are married and 65 or older, there is a 75% chance of contracting Alzheimer’s, Dementia, or Parkinson’s. Forty percent of people in long-term care are between the ages of 18 and 64 (verified by an MIT lab study). Long-term care can cost between $50,000 and $200,000 a year and the cost keeps increasing! How long do you think a stock portfolio would last in a similar scenario to that of 2008 when people lost over 38% of their portfolio? The market
is due for a huge correction! The reality is, the properly structured life insurance policy just changes its purpose to benefit you, the owner. It can start out being mortgage redemption insurance, a family income replacement, a supplementary retirement plan, long-term care option, an estate planning vehicle, and can all be done within the context of that same original insurance policy. If you have someone tell you that insurance is a bad place to put your money, ask them if their financial product can accomplish even half of the above-mentioned benefits. Chances are they can’t! It is time for you to think outside of the box – so become educated! Ask your advisor if he or she is a Fiduciary; if not, they may not have your best interest in mind. I am a Fiduciary, which means that I have a legal obligation to look out for what is in the best interest of my clients! One last thing: you insure your home, your car, even your life, but were you aware you can insure your retirement? If any of this interests you, please give me a call. •A•
What is your biggest expense?
TAXES!
If I can possibly reduce your taxes by 20 to 50%, is that a conversation you would like to have? ▲ Tax-Free Retirement ▲ Asset Protection ▲ Estate Planning Alan Porter
Tax-Free Retirement Specialist
910.551.1046 Strategicwealth0@gmail.com www.AlanPorternc.com
You insure your car and your home — did you know that you can also insure your RETIREMENT? Call me!
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