BANK ON WHOLE LIFE FOR BUSINESS

 

When structured using one of our Bank On Yourself concepts, corporate-owned participating whole life insurance policies offer your company insurance protection, a tax-free death benefit, and a cash value that is designed to become a supercharged asset your company owns and controls; one that allows you to build equity year over year and access as a source of business capital through guaranteed contractual returns and potential dividends.

Think of corporate-owned participating whole life insurance as the savings vehicle, and our Bank On Yourself Life concepts as the turbo fuel injector that supercharges the strategies needed to grow the cash value in the policy over time. Your business can leverage the equity in your corporate-owned participating whole life insurance policy’s cash value to finance business expenses, expand your business, or use as collateral for other sources of business financing. By leveraging this equity, your company can also reduce tax implications.

Corporate-owned participating whole life insurance offsets tax liabilities upon death, effectively circumnavigating the double-tax trap, which enables you to preserve your assets for your business and your family. As a business owner, you can also use the equity in your corporate-owned whole life insurance policy to fund buy-sell agreements or arrange key personal protection.

A corporate-owned participating whole life policy can also provide you with a tax-free retirement income in the future. And besides being useful in balancing portfolios and planning for retirement, corporate-owned participating whole life has been long known for its estate planning benefits.

Since our Bank On Yourself concepts are unique and intricate, the corporate-owned participating whole life policy must be structured by a licensed life insurance agent with specific training and credentials in these types of concepts—which include Bank On Yourself® and the Infinite Banking Concept®.

BENEFITS OF BANK ON YOURSELF FOR BUSINESS

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