And how that can mean profit for you!
Like it or not Health Care Reform is a reality. Regardless of which side of the political spectrum your sympathies lay, things do not look pretty.
However this is not the way it has to be. Instead of placing your area of concern on things that you are not able to manage, find out how you can manage your future concerning finances. Then you will be able to acquire the help that you and your loved ones are entitled to.
Grasp this, the medical insurance beneficiary never has been, and will never be, the person in ownership of the policy. Medical insurance was founded by the hospitals when they approached the insurance industry at the time of the “Great Depression” where they requested help to make stable their income which varied rapidly. The Medical insurance beneficiaries are: the hospitals, dentists, doctors and other providers of health care. Notice that none of these are the policy holders!
It does not take a history buff to realize this fact. Just try using your health insurance a lot and find out what happens.
But there is one type of insurance that you can use, and use a lot, and things just keep getting better for you. With this type of insurance the premium cannot go up and your cash values just keep getting bigger the more you use it.
This type of insurance allows you to “Become Your Own Banker.” By using the cash values of the policy, while the total premiums you have already paid keep earning you a guaranteed rate of return, you make the policy perform better than it was designed to perform. Fact is the more you use the cash values the higher the cash values and face value can become. This is because this insurance pays dividends. And, neither the rate of return you earn on the premium or the dividend is taxable under current tax laws.
So if Health Care Reform has got you concerned, consider the following:
You can change to a health care policy that has a high deductable and you can lower your premiums.
Then pay the difference to a whole life insurance policy that will pay you interest on your premiums and will allow you to use the cash values and watch your dividends grow tax free.
This switch will allow you to have the upper hand.
By taking charge and “Becoming Your Own Banker” You will win big! Remember, the more you use the cash values of your life insurance, the better off you are.
By the way, and just because, with a properly structured policy. If you become disabled, the premium payment is automatically met by the company and the rise in the cash values will not cease. Now the need for high premium disability insurance disappears.
The bottom line is this: When you utilize the “Infinite Banking Concept,” you will win!
“Finally, a time-tested plan, that truly works! No gimmicks, no multi-level marketing, and no schemes.” - Ruth Ann and Walt
Dr. McFie McFie with Life Benefits, Inc. is widley recognized as a financial coach that helps people recover the money they spend. Tomas does this by teaching people how to utilize the infinite banking concept as described in the book Becoming Your Own Banker