Be Your Own Bank
Unlock Financial Freedom: Be Your Own Bank with High Cash Value Life Insurance
Imagine having access to your money when you need it most—without waiting until retirement. With our customized whole life plans, you can enjoy the benefits of a solid life insurance policy while tapping into your cash value while you're still alive. Whether you're looking to finance major purchases, supplement retirement income, or cover unexpected expenses, our Be Your Own Bank solutions provide the flexibility and security you need to take control of your financial freedom.
What Is "Be Your Own Bank"?
What Is "Be Your Own Bank"?
At Atlyn Prosperity, we believe in empowering individuals to take control of their finances and achieve financial independence through innovative strategies like Be Your Own Bank. But what exactly does this concept entail, and how does it work?
How It Works:
In a nutshell, "Be Your Own Bank" is based on the principles of the Infinite Banking Concept (IBC), a financial strategy that utilizes specially designed whole life insurance policies as a means to build wealth and flexibility. Here's how it works in the context of how Atlyn Prosperity helps clients seize control of their finances:
1. Policy Selection and Customization:
We work closely with our clients to select the right whole life insurance policy that aligns with their financial goals and objectives. These policies are carefully customized to maximize cash value accumulation and provide flexibility for future financial needs.
2. Cash Value Accumulation:
Through regular premium payments, the whole life insurance policy begins to accumulate cash value over time. This cash value grows on a tax-deferred basis, providing a secure foundation for building wealth.
3. Policy Ownership and Control:
Our clients retain full ownership and control of their whole life insurance policies. This means they have the authority to access the accumulated cash value, take out policy loans, and make withdrawals as needed, without restrictions or penalties.
4. Utilizing Policy Loans:
With Be Your Own Bank, clients can leverage the cash value within their whole life insurance policies by taking out policy loans. These loans are typically low-interest and can be used for a variety of purposes, such as financing major purchases, funding education expenses, or supplementing retirement income.
5. Interest Recapture and Wealth Building:
As clients repay the policy loans, the borrowed funds are recaptured back into the policy's cash value, along with interest. This creates a self-sustaining cycle of wealth accumulation, allowing the cash value to continue growing over time.
6. Tax Advantages and Financial Security:
Whole life insurance policies offer certain tax advantages, such as tax-deferred growth of cash value and tax-free death benefits. Additionally, policy loans are typically not subject to income tax as long as the policy remains in force, providing additional financial security and peace of mind.
By implementing Be Your Own Bank strategies, our clients gain the ability to seize control of their finances, build wealth, and achieve financial independence on their terms. At Atlyn Prosperity, we're committed to guiding you every step of the way on your journey towards financial empowerment and prosperity.
It's going to work like this
Once the policy is designed, approved, and funded, you can begin planning how to use your money. Some carriers allow policy loans very quickly after funding!
Fund your policy
Initial chat
Discuss options
Follow up
Share some information with us and start a dialog about your plans and what you want to accomplish with your BYOB strategy.
We will work closely with you to find the perfect solution using our network of carriers and design a plan that checks all of your boxes.
We wont sign you and leave you in the dust! Your long term financial success is not an overnight event, and we're here with you through it all. We will connect periodically to ensure you're still on track!
Check out our Prosperity Blog for More!
If you'd like to learn more about Infinite banking, or other facets to financial planning, we invite you to check out our Prosperity Blog! Over there we offer tons of new information, tips, tricks and considerations in our Prosperity Blog!
If you want to dig even deeper on your own time, chat with Atlyn, our AI IBC Specialist. And when you're ready to get rolling, Atlyn Prosperity is here to guide you through.
Lets Connect!
If you're ready to chat with Jon and talk about what IBC can do for you, lets get to know your goals and how we can help design a policy that works for you! Lets get started below:
