Why Whole Life Certified?
Whole Life Certified is here to protect policyholders from salesmanship, risk, misleading marketing and promotion, and complexities that put your money and policy at risk.
Most salespeople in the insurance field are selling risk. They show illustrations that have no basis in reality and invite complexity. This jeopardizes your cash value and peace of mind.
In contrast, Whole Life Certified practitioners know how to implement the Rockefeller Method, find premium dollars (tax savings, structuring insurance, and saving on interest), and they design policies to maximize cash value over commission.
Implement the Rockefeller Method
Our certification process emphasizes mitigating risk, company choice, policy design, and full education about the pitfalls and myths of policies that jeopardize the Rockefeller Method.
Finding money to fund premiums can include:
Negotiating better interest rates on loans
Restructuring loans
Reallocating underperforming funds to pay off high-interest loans
Legally and ethically saving tax (for example, there are aways to add money to your kids’ policies tax-free)
…and more.
This isn’t about the lowest common denominator advice given by those who talk about minimizing expense with term. If you are successful at building wealth, an attorney is likely to advise you to buy insurance to cover estate taxes. If you’ve followed the advice of the term insurance proponents, at that time, you will be older and may not be in as good of health. Then, the cost of term insurance is prohibitive and designed to phase out the policyholder by having a higher expense if kept until life expectancy than the actual benefit.
A Whole Life Certified specialist can show you how to keep a death benefit without it deterring your net worth or wealth.
You will either be advised to buy term until you improve your cash flow or get properly structured, optimally funded whole life insurance.
A Better Savings Plan
This can be compared to other fixed income assets like bonds and CDs. Those will outperform whole life in any given ten-year period of time but underperform properly structured, optimally funded whole life policies in any thirty-year period of time.
Bonds can go up and down in value when interest rate fluctuations occur. This can put your principal at risk. Bonds are also one-dimensional: you get paid an interest rate for lending companies or government money.
Properly structured, optimally funded whole life insurance takes time to capitalize. You have the cost of insurance, the amount of money the insurance company must place in reserve, and the cost of acquisition (getting your medical tests and paying for marketing and commission).
You Will Acquire
A Myriad Of Benefits
Cash Value
accelerated benefit rider (long-term care)
waiver of premium (disability benefit)
protection from liability and bankruptcy
bank alternative (safer than banks)
minimum guaranteed interest (plus dividend)
tax-advantaged
This can be as simple as an asset allocation choice to compete with bonds, but adding the multitude of benefits just listed. Similar return, with less risk.
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