When it comes to insurance, you may think it’s a pretty dry and boring subject. But when I tell you that the type of insurance company you choose can potentially determine whether you become a millionaire or continue to live paycheck to paycheck, your ears might perk up just a bit more.
Here at The Money Multiplier, we only partner with MUTUAL insurance companies. Why? Well, mutual companies don’t answer to shareholders. That’s significant because shareholders “share” the wealth that they make off of their policyholders, rather than passing that wealth to you. But with a mutual company, the “dividends” (or the return on your premium) is shared with YOU! It is like a bonus and it works like this:
If the insurance company does well and it doesn’t require as much money as they thought to make money for you, they will pay you a “bonus” for doing business with them.
Now, these dividends are completely separate from your guaranteed earnings from your policy. Dividends are not guaranteed, but you can see what your projected dividend earnings will be BEFORE you even sign up with the company. They provide you with an illustration that estimates the dividends you can expect to earn for the rest of your life.
And when you think, “Oh, well they are just estimates,” just think, they’ve been doing this for over a century. It’s pretty safe to say they know what they are talking about. And the mutual companies we work with have never (not once) missed a dividend payout!
When you sign on with The Money Multiplier Method, we check the box that automatically turns those dividends into MORE insurance for you.
“How does this benefit me?”:
- It produces more cash value in your policy that you can take out from your policy, and
- It automatically creates more death benefit.
You can get the dividend paid out in cash to you. So you may be thinking “why should I buy more insurance when I can just have that money in cash right now?”
Great question! Because your guaranteed cash values will grow and there will be more money growing at one time, increasing your wealth faster.
Another option with your dividend is to have it go towards your premium payment instead of having that payment coming out of your pocket. And just like taking that dividend out in cash, this option limits the growth of your cash value and you won’t grow your death benefit as high, either. But it is still an option.
The beauty of receiving dividends with a mutual insurance company is that you can decide what you want to do with your dividends. You’re in control, and one day you may need to change the way you receive your dividends. It’s all up to you.
In short, these non-taxable bonuses are not guaranteed parts of your policy, but they can get extremely healthy and hefty over time, which correlates to more wealth created for you, thanks to our careful selection of mutual company partners.
To learn more about this method and what it can do for you, please visit www.TheMoneyMultiplier.com , scroll to the very bottom and click on “Member Area.” Enter the password “bankwithbrent” and watch the presentation that appears on the next page.
When you’re ready to get started on creating your financial legacy or if you have more questions, please email us at [email protected], or give us a call at 386-456-9335, and one of our mentors will be in touch with you.