Distrustful of traditional banks and looking to manage your money in a different way? ‘I Own My Bank’ guides you through an alternative tax strategy that allows you to borrow money against a whole life insurance policy.
If you are one of the millions of people who have lost faith in banks and the traditional lending process, you may be wondering what your financial options are.
The friendly team at 'I Own My Bank' has put together a guide that can help!
The company's report helps you understand the Infinite Banking Concept (IBC) and shows you how a whole life insurance policy can be a tool for savings, spending, and tax sheltering.
Check it out at https://www.iownmybank.com/blog/b/taxes
Used by well-known entrepreneurs such as Walt Disney, J.C. Penney, and Ray Kroc, infinite banking is a great strategy to help start or grow a business, while reducing the amount of taxes owed. The guide from ‘I Own My Bank’ outlines key benefits of utilizing infinite banking as a tax strategy.
A CNBC report indicates that consumers continue to lose trust in conventional financial institutions, and a growing number of people want to have financial flexibility without relying on bank loans. With infinite banking, you can purchase a whole life insurance policy and then use funds from the policy as a loan for large transactions, such as purchasing a car or home. A spokesperson from ‘I Own My Bank’ says, “Infinite banking can be a valuable tool for building wealth and achieving financial goals.”
The guide describes the primary reasons why infinite banking is effective as a tax strategy, such as building cash value due to tax deferrals and the ability to take out non-taxable loans from your whole life insurance policy.
Other benefits of infinite banking include steady growth on borrowed money and built-in protection benefits, such as death and disability.
Although infinite banking can be useful as an alternative financial strategy, the team at ‘I Own My Bank’ highlights the fact that it is important for you to consult with a trained practitioner and tax professional to make sure you are aware of all potential tax implications.
Clients who have used financial advisory services from ‘I Own My Bank’ have positive reviews. “Awesome company,” says Sam C. “Allows you to plan your financial freedom and has excellent staff always willing to help answer any questions.”
Start making your money work for you with help from 'I Own My Bank'!
Learn more at https://www.iownmybank.com/blog/b/taxes
