There are a ton of life insurance companies out there. So which one is the right one for you?
Fortunately, our team at The Money Multiplier puts you in the best position of having the right companies backing your banking policy. We know that one size doesn’t fit all. So we’re always going to broker among a handful of great organizations. We have a loyalty to the mission of cracking the code to cash flow for you and for ourselves. So here are the four major things we consider when choosing the right insurance company for your banking policy.
1. Mutual Companies
We only set up these policies with mutual companies. This means the policyholders end up with the dividends, or “bonuses,”, should the organization continue to do well, year after year. The opposite of these mutual companies would be stock companies. Those companies have stockholders to which all company profits go to, not you, the policyholder. All of the mutual companies we utilize have been so good at the dividend game that they’ve paid them out without missing even one single year in over a century. That’s a heck of a track record for you and your bonuses year after year.
2. Direct Companies
Dividends are a major boost to your policy over time. They’ll keep getting bigger and bigger. And not all companies are created equal. Because your need to use your money while you’re living will always be greater than your need to use it after your “graduation day,” you need a direct company. There are a handful out there, but if you end up with a non-direct company, you can easily stifle your dividends because of your outstanding loans. The point is, we’ve already done the homework so you don’t have to worry about if the company you’re using is direct or non-direct. We’ll always match you with the right direct company for you.
3. Policy Engineering
The way your policy is engineered is vital to the success of your system. Not all companies operate the same way, or even offer the same products. So we’ve gotten into the weeds to differentiate what works best for each banking system. We know every inch about policy engineering. And without the right companies, we wouldn’t be able to optimize your policy to work the best it can for you. For example, we only work with companies who allow you to take a policy loan immediately within 30 days. That way, you can work towards your financial goals almost immediately. But not all of them can or will do this.
4. Company Ratings and Investment Portfolio
The reason this one comes last on our list is because the other guys out there like to talk about this first. Sometimes it’s the only thing they talk about. Let’s be clear. If you can see that controlling the banking function in your life can make you rich, the ratings and investments of the insurance company will come in second place. Now, I’m not saying these things aren’t important at all. But we are saying that you are in the driver’s seat of the right vehicle and that will beat the corporate team portfolio every single time.
So what’s the best company for you, personally?
When you have your meeting with your money mentor after you begin your policy, you will have the opportunity to explain your personal financial situation and what your goals are. Based on that conversation, you and your mentor will come to an agreement on what your premium amount should be. There may be other factors, such as your health and age, that could affect what the best insurance company is for you. But just know that when you work with us, we customize your entire experience. From the insurance company we pair you with even down to the policy and what you need to use it for, it’s all about you. (Learn more about our “Tools” Team and exactly what they do for you here.)
All of the companies we choose are the best of the best. They have great standards and most importantly they produce the results they illustrate before you ever sign on the dotted line.
And remember, we do all of the vetting. Getting any of these pieces wrong within your system can mess up your financial progress in the short and long term. We’ve already helped thousands of families and business owners, people just like you. There’s no reason you shouldn’t sleep well at night, knowing your banking system and your wealth, is growing exponentially. Too many folks send us poorly engineered policy contracts, from the wrong company, that won’t perform anything like we teach. If you decide to start a policy, we’ll make sure it’s done right from the start.
To learn more about The Money Multiplier or to get started with your own policy, please visit www.TheMoneyMultiplier.com/member-area . Then, watch the presentation that appears. When you’re ready to get started or if you have more questions, please email us at [email protected]. You can also give us a call at 386-456-9335, and one of our mentors will be in touch with you.