Elections, rising rates, and wars effect on Infinite Banking
In the midst of political upheaval and economic uncertainty, one thing remains constant: change. Since the turn of the 20th century, the United States has weathered numerous wars, financial crises, and geopolitical shifts, each leaving its mark on American families. From the devastation of World Wars to the economic turmoil of the Great Depression, and from the shock of 9/11 to the ripple effects of the Great Recession, these events have reshaped our economic landscape time and again. Yet, amidst the unpredictability of change, there's one type of institution that has consistently thrived.
As we approach another pivotal moment with an upcoming election, the rhetoric surrounding our nation's financial future grows louder. The Federal Reserve's interest rates are at a 23-year peak, inflation is on the rise, and political unrest looms large. Within this turbulence, conventional banks have faced their own challenges, with some experiencing runs on the bank as Americans grapple with uncertainty and financial stress. The fear generated by media and political turmoil has left people feeling nervous about their financial security.
However, in the middle of the chaos, there shines a beacon of stability: mutually owned dividend-paying whole life insurance companies. For over 120 consecutive years, these companies have remained profitable, providing a reassuring sense of security during uncertain times. They have weathered the storms of wars, political upheavals, and financial recessions, steadfastly delivering profitability year after year. At The Money Multiplier, we proudly partner with five A+ rated or better mutually owned dividend-paying whole life insurance companies, each boasting a proven track record of financial strength and reliability.
In 2023, we witnessed the failures of institutions like Silicon Valley Bank, followed by Signature Bank, Citizens Bank, Heartland Tri-State Bank, and others. While conventional banks may falter in the face of economic turmoil, these life insurance companies have proven resilient, consistently delivering profitability year after year. In fact, since 2013, banks have quadrupled their investments in cash-rich whole life insurance policies, recognizing the stability and security these assets provide. A quick search on Uncle Google for BOLI (Bank Owned Life Insurance) reveals that banks now hold over $202.4 billion as of June 2023.
In times of uncertainty, protecting our families and securing our financial futures is paramount. By leveraging the strength and stability of mutually owned dividend-paying whole life insurance companies, individuals can create a guaranteed tax-free legacy and shield themselves from the volatility of the broader economy.
If you're seeking security and stability in uncertain times, it may be prudent to follow the lead of conventional banks and consider storing your family's money in a private banking system. By partnering with a Money Mentor at The Money Multiplier, you can learn how to participate in this strategy and gain peace of mind knowing that your financial future is secure, even in times of unrest. Book a call here with one of our Money Mentors today and take the first step toward a more secure financial future.
Want to dive deeper into this topic? Check out our podcast on Strategies for Economic Success: Apple / YouTube
