Comment “IUL” below to learn how! 👉 In this client scenario, this is 25 year old male putting away $600 per month or $7,200 a year until he is 65 years old. 💰 👉 He will immediately have a death benefit of $203k which would get paid to his beneficiaries if he passes away along with his cash value. 🏦
👉The interest rate is assuming a 6.42%. This interest rate is NOT guaranteed, but is based on what this account has done over the last 20 years. 📊 👉He will have $83k available for loans after 10 years and about $1,380,000 at the age of 65 years old. 💪 👉If he choose to, he can trigger an income stream at 65 (60 at the earliest) of $127k a year that would at that time be guaranteed for life 💸 👉If he lives for at least 25 years after retirement, this will pay him $3.1M of income ($127k for 25 years) 👉If he passes away prematurely, the remainder of the cash value and death benefit will pay out to his beneficiaries. If his original account is depleted, the insurance company will continue to pay that $127k until he passes away. 👉Throughout his life, he can take a loan against the cash value. This is a loan from the life insurance company so his account value isn’t affected. He can pay these loans back whenever he wants and continue leveraging tax free loans for investment purposes like buying real estate, etc. If he never pays these back, they will pull it out of her death benefit when he passes away. 👉 DISCLAIMER: You must be able to qualify medically to get an IUL. This is a life insurance policy💸 Comment “IUL” below to begin!
#Investments #Banks #LifeInsurance #Roth #NewYear #FinancialFreedom #GenerationalWealth #Legacy #Annuity #IRA #401k #IUL #CDs #Savings #InterestRates #Inflation #BeYourOwnBank #InfiniteBanking