"I Own My Bank" has released a new video that explores strategies that will allow individuals to mimic the benefits provided by bank-owned life insurance policies (BOLIs).
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In the recently released video, "I Own My Bank" introduces a strategy that will allow individuals to “engineer” a whole life insurance policy that mimics the function of a BOLI, which is exclusively available to banks. This strategy can be used towards the creation of generational wealth and sufficient retirement savings.
More information is available at https://www.iownmybank.com/bank-secrets
A BOLI refers to life insurance policies that banks purchase for their employees, particularly key executives such as vice presidents. The bank is the owner and beneficiary of these policies, meaning that when the insured individual passes away, the bank receives the death benefit.
According to "I Own My Bank", banks invest in this type of insurance because as the policyholder, they stand to receive a sum that is many times higher than what the family of the executive would be entitled to in death benefits.
“While bankers advise us to put money in stocks, annuities, and mutual funds, they go the other way and purchase BOLIs for their key executives, anticipating the massive payouts that these insurance products would bring,” a spokesperson for "I Own My Bank" stated.
They lamented, however, that the insurance products sold to the public are vastly different from those available to financial institutions. “Unlike traditional insurance, BOLIs are not products that are sold to individuals like us.”
In its video presentation, "I Own My Bank" reveals a strategy that allows individuals to create a whole life insurance policy specially engineered to mimic the functions of a BOLI. According to the group, this method is based on the principles put forward by pioneering economist Nelson Nash in the 1980s.
The group further stated that this strategy is paramount in today’s economic climate. As reported by Capital One, over 60% of Americans are worried about their financial future, with 77% feeling anxious about their current financial situation. Coupled with the ever-present fears regarding recession and inflation, finding ways to improve financial security is a key concern for many individuals and their families.
Interested parties who wish to know more can access the full presentation at no cost at https://www.iownmybank.com/bank-secrets
Contact Info:
Name: Will C Ellis
Email: Send Email
Organization: I Own My Bank®
Address: 3111 New Jersey 38 Ste 11 #233, Mount Laurel Township, NJ 08054, United States
Website: https://www.iownmybank.com/blog/b/car
Source: PressCable
Release ID: 89125015
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