insurance carriers—do not understand. They rarely listen to the talking heads above them. Chapter Five reveals the secret to becoming a true wealth creator through Privatized Family Banking (PFB) Infinite Banking, using properly designed, high-grade dividend-paying life insurance policy (from A+ Superior carriers), you can create tax-free income, liquidity, and generational wealth. Unlike government- sponsored retirement plans, the stock market, or CDs, this strategy gives you both living benefits and a legacy for your family. In the end of the chapter, you will know more about the real power of life insurance than most professionals in the industry—and you’ll see why Congress passed TERA, DEFRA, and TAMRA in the 1980s to restrict its use. Knowledge applied is wisdom, and this knowledge can change your financial future forever. Breaking Through Traditional Thinking For decades, financial “experts” have told us that permanent life insurance is a terrible investment. They encourage the “buy term and invest the difference” approach, while ignoring the reality of what the tax codes actually say. Regulators even frown on calling permanent life insurance an investment at all. But here’s the truth: when structured correctly, permanent cash value life insurance under IRC 7702 offers tax advantages that no other financial product can replicate. And for those saving in qualified retirement plans, few advisors are taking advantage of using the IRC 7702 and IRC 69D strategies alongside permanent life insurance. If your advisor isn’t taking advantage of these sections of the IRS code for your retirement planning, then you may be leaving one of the most powerful tools on the table. Knowledge, when applied, is wisdom. Why the Life Insurance Professional Is Different Let’s consider a sobering reality. A family’s financial future often hangs in the balance at one of life’s most painful moments—the death of a spouse, parent, or income provider.
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