has a $150,000 certificate at her local bank, earning less than 1% after taxes are paid on her interest each year. She decides to set up a Privatized Family Banking (PFB) and deposit the $150,000 with an A+ Superior life insurance company that has over 177 years of successful experience. Her goal upon her death is to leave this money to her grandchildren, plus she wants an additional $12,000 annually to her PFB. As soon as her policy is issued, Nanna has a death benefit of $426,105 and a liquid cash value of $142,321. If she lives to age 87, her death benefit would be $662,105, based on an illustration for today’s date of August 5, 2022. Dividends are not guaranteed. What Do Smart Families Do That Others Don’t? They understand that the family unit can be a powerful unit, and they invest in their family. They understand it sometimes is a labor of love to discipline themselves enough to follow through with creating family wealth. But they do it! The idea of keeping wealth in the family is opposed vigorously by the government because they have a harder time getting their hands on this money because it is in a tax-free life insurance policy. Many politicians try to pit the rich against the middle class. All the while, many of the middle class aspires to be rich, pursuing their financial dreams via the lotto and casinos. The difference comes down to this: Some families guarantee their ongoing legacy while others gamble it away in the stock market, get-rich-quick schemes and the lottery, or simply spend more than they earn and become in bondage to debt. One must understand that informed people think differently than uninformed people. They know the secrets to not only creating wealth but
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