Debt Free Life

Live a Debt Free Life and build wealth for the future

How does it work

Benefits of Debt Free-Life

What is Debt Free Life

The Debt Free Life program allows an individual to pay off or pay down debt in a short period of time with less money, using a whole life insurance policy that is based on the infinite banking concept, which allows clients to become their own bankers. Through this system, clients can utilize the cash values within whole life insurance policies to fund purchases rather than borrowing money from a lender.

Grow Cash Value

A portion of the premium paid goes into the cash value of your policy. This cash value grows over time, typically on a tax-deferred basis, and compounds interest. Cash can be access through policy loan

Access Cash Value

The cash value within the policy is access through policy loans, which provide access to money that has been growing tax-deferred, tax-free and without penalties. When a client borrows against a whole life policy, he or she is actually borrowing from the insurance carrier, with a lien against the policy. This means that clients are never subject to a credit check or set a repayment schedule.

Loan Repayment

One can choose to repay the loan, at an interest rate lower than the rate of gain on the cash value. If you choose not to repay it any amount that is not repaid back into the policy will be deducted from the cash surrender value. If the client passes away without the amount being paid back, the amount will be deducted from the overall death benefit

This concept provides clients with financial wisdom and can be used throughout different life stages to help cover unexpected expenses, fund education opportunities, supplement retirement and even pay down existing debt.