Now that you know the secret to winning the game of life insurance (DIE WITH YOUR POLICY iN EFFECT!), it's time for some real-world examples.
I told you earlier that the secret can work with the term, universal life, or any other type of life insurance. Now I'll show you exactly what I mean.
Winning the game with term life insurance
On the surface, the only way to win the game with the term life insurance is to do something you do not want to die, before you're supposed to (die young is not exactly ideal, at least in my mind). But even if you do not die before your time, term could still work, but only if you're smart enough to "convert" your permanent insurance policy before losing the right to do and then stick to long enough to cover die with her in force.
What about permanent insurance?
it costs more to run, but it has a level premium for the rest of your life
Consider this example :. I bought a policy last year to 55. ... $ 1 million coverage years at a price of just over $ 10,000 per year. Assuming I am 85 years old, I made 31 payments of $ 10,000, or about $ 310,000. My family will receive $ 1 million tax-FREE for a gain of $ 60,000. This is a rate of return of more than 7% after tax, and the equivalent rate of return before tax, at least for me, is more than 11%, and is, a conservative fully guaranteed contract, issued by several billion, rated a + financial institution that has been around for over 100 years.
And remember, this high efficiency is if I die when I'm supposed to. If I die early, then my really cost-effective policy. Yields are astronomically high. When I bought my policy, I tried to understand a scenario in which I could live long enough to make the purchase of a bad deal. The fact is, I can not. Even if I live to 100, I always WON the game
look at another example, one that is more representative of our customers on average. Age 43, female. $ 500,000 policy, lifetime guaranteed premium of about $ 2,500 per year. Say she lives to 86 years it will have paid $ 2,500 times 43, or a total of $ 107,500. Again, at his death, his family would receive $ 500,000 tax free ... ... for a net gain of $ 392,500. The internal rate of tax return AFTER which is over 7.5%. The before-tax equivalent is, again, right around 10 or 11% depending on your tax bracket.
In today's world of ZERO interest, where can you go and get as high yields without taking market risk?
choice is yours
Some people ask, how the life insurance company can make money on a policy when they are back to a rate of return 7% die to life expectancy, and an astronomical return if you die early? Especially when they are only earning about 5-6% of the premiums you pay for!
If you do not listen, they do not make money on these policies. Again, if you die YOUR POLITICAL FORCE, the insurance company will lose money on it. People who buy and DROP policies before they die are those who fund returns for people who are smart enough to DIE WITH THEIR POLICIES IN FORCE. Look like this: the losers pay the winners, and the house (the insurance company) takes a small cut. I know it sounds crazy, but it really is as simple as
Here's the bottom line. To win the game of life insurance ... you must have a policy that you will be able to keep until death. Now, for most of us this means a policy with a predictable, and affordable level premium for life.
The choice is yours. If you have a life insurance policy, you are either going to win the game, or you will lose the game. We want our customers to win. When you call us at 800-442-9899 or get a free quote on AccuQuote.com, we will tell you how to win, and give you simple ways to get there. As always, it will be to you whether you decide to take our advice.
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