I Own My Bank launched a webinar that discusses the infinite banking concept and whole life insurance for financial independence.
Mount Laurel Township,United States - December 27, 2022 /PressCable/ —
The new webinar explains how individuals can achieve financial freedom using a 200-year-old strategy that the world’s wealthiest families, like the Morgans and Rockefellers, have been using to create generational wealth.
For more information, visit https://www.iownmybank.com
‘I Own My Bank’’s latest webinar is based on Nelson Nash’s Infinite Banking Concept and whole life insurance, a money multiplier method that allows individuals to make large purchases, like buying a car or a home, tax-free. Based on Nelson Nash’s bestselling book ‘Becoming Your Own Banker’, the webinar shows how whole life insurance policies can be used as dividend-paying assets that produce tax-free distributions for the policyholder.
The webinar explains that individuals who are saving up for retirement can be sidetracked by issues like global political and economic upsets, and this can be seen in the rise of people withdrawing their 401(k) during the COVID-19 pandemic to help them through job loss and the recession. ‘I Own My Bank’ encourages people to seek alternative ways to grow their wealth and diversify their income sources, so they are better protected from economic distress.
‘I Own My Bank’ explains that the infinite banking concept is a system that harnesses the power of a properly structured whole life insurance policy that allows policyholders to grow a liquid asset that can be used for major expenses like education, homeownership, medical emergencies or infinitely anything.
This system can be used to create generational wealth, as the capital grows tax-free, enjoys several layers of financial protection, and compounds continuously. The account can also be passed on to the next generation without an inheritance tax.
According to ‘I Own My Bank’, individuals can borrow against the existing whole life insurance policy’s cash value instead of withdrawing from it. This way, individuals do not remove cash from the pool that would otherwise have been earning interest and paying out dividends. This requires individuals to think of borrowing and loans differently. Instead of seeing them as a burden, loans need to be viewed as a financial tool that allows investors to live the life they want without touching their own money.
More information is available at https://www.iownmybank.com
Contact Info:
Name: Will Ellis
Email: Send Email
Organization: I Own My Bank
Address: 3111 New Jersey 38 Ste 11 #233, Mount Laurel Township, NJ 08054, United States
Website: https://www.iownmybank.com/
Source: PressCable
Release ID: 89087215
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