Money. Wealth. Life Insurance.: How the Wealthy Use Life Insurance as a Tax-Free Personal Bank to Supercharge Their Savings

by Jake Thompson

America’s elite have been using cash value life insurance to stockpile wealth for centuries. Used correctly, it is better described as a personal bank on steroids , and a financial bunker for tough times.

To be clear, this book is not about the typical garbage peddled by most insurance agents. Rather, an alternative to the risky investment strategies taught by Wall Street.

It details a highly efficient form of cash value life insurance designed to supercharge your savings and stockpile wealth. A product so powerful it’s responsible for the success of Walt Disney, JC Penney, Ray Kroc, and thousands of others.

Here's what you'll

•How the wealthy use this vehicle to create more wealth, take less risk, and create predictable income they can't outlive

•Why banks and corporations place billions of dollars in this powerful vehicle

•How I earned over 300 percent returns leveraging my life insurance policies

•How you can create a safe, predictable foundation to enhance every financial decision you make

•How to win with taxes and keep more of the money you make

While the information compiled into this book is valuable, you'll also find three case studies that show you exactly how it works. You'll be able to visually see how it grows, how it's accessed, as well as the future income that can be taken.

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Influencers of this book are Nelson Nash, his book "Becoming Your Own Unlock the Infinite Banking Concept"; Pamela Yellen, her book "Bank on Yourself"; Dwayne Burnell, his book "Financial Independence in the 21st Century - Life Insurance * Utilize the Infinite Banking Concept * Compliment Your 401K - Retirement Planning With Permanent Whole Life versus Term or Universal - Create Financial Peace"; and my Father Dan Thompson, and his book "The Banking Acquiring wealth through your own Private Banking System."

I was introduced to these financial strategies at a young age, and this is book represents the effort and energy on both the part of everyone of my mentors, these authors here, as well as my own diligence in learning about and implementing these very same strategies into my personal finances.

This book is designed to simplify some of the concepts surrounding cash value life insurance, such as Infinite Banking and Bank on Yourself, and make them easier to understand, stripping them down to the core benefits of cash value life insurance.

Genres: Money, Finance

77 pages, Hardcover

Published January 1, 2014

Reviews

[Arturo Sierra]

Money. Wealth. Life Insurance." by Jake Thompson provides an intriguing perspective on using life insurance as a financial tool. The book offers some valuable insights into how the wealthy leverage life insurance for tax-free savings and as a personal bank. However, the content can be somewhat repetitive, and the writing style may not engage the readers. For me, one of the major drawbacks is that Thompson does not go into good detail about the tactics on how to use these strategies effectively. Additionally, the book often feels more like a presentation rather than a source of actionable information. While the concepts are compelling, the book could benefit from more detailed examples and practical applications. Overall, it's a decent read for those interested in alternative financial strategies, but it may not be comprehensive enough for everyone. For me, I will have to get more information because the book left me with more questions.

[B.K. Frizzell]

Can’t see how anyone is rating this book positively. There are maybe a couple of decent nuggets in this, but overall the plans described are contradictory to how cash value builds in a life policy and skirts around the details of what policies the author is even talking about. It’s clear to me that the author is advising consumers to treat universal life policies as an investment. While not impossible, this is a very expensive tactic that only works well for extremely high net worth individuals such as those described in the beginning of the book(Disney, J.C. Penney, etc.).

Feels like irresponsible advice to give anyone.

[Jason Salas]

The good thing about this book is that it's short and simple; good introduction. But that's also the bad thing about it. It's vague. This is the second time I read it, but between readings, I read "Becoming Your Own Banker" (mentioned in this book), which goes deeper. All that said, I'm still researching this stuff - haven't bought my first policy yet - so take what I say with a grain of salt.

[Jen Harmon]

This really is a great resource. To me, I would give this to clients or suggest to someone with concept questions. Very nice read, easy to understand, especially for someone not in the industry. I definitely enjoyed it.

[Gabrielle]

Straightforward and insightful look at the history of life insurance in America and how tax-advantaged savings are an underutilized investment strategy.

[Carl Muanya]

This book is amazing as an informational to the benefits of cash value life insurance