Curtis Ray's Podcast

"What Happens To My Cash Value When I Die? Does My Cash Value Pay Back The RELOC™?
 
This topic is one I hear often AND one that even financial professionals misunderstand – not to mention consumers that find it confusing, so I am glad to take a minute and explain how Cash Value works. In the MPI® plan, there are 3 buckets of money. Each one is both independent of the others and working together to provide you with your best future.
 
Bucket #1 is your life insurance contract. This amount is a contractual guarantee with the life insurance company that when you pass, no matter your age, as long as your contract is current, your beneficiaries will receive that money; this is what makes it “permanent insurance."
 
Bucket #2 is your cash value. This is the amount of money you have saved above the cost of insurance and other expenses plus all the Compound Interest it has earned over time. This money is your money and can be accessed during your lifetime at any time, for any reason, at any age without penalty. This is where your retirement is built.
 
Bucket #3 is your RELOC™ value, or Retirement Equity Line of Credit, also known in the industry as an Index Loan.  This is the amount of money that has been accessed through the MPI® system to increase your Compound Interest potential.  This money is not your money but we use it to increase the growth potential inside your account. As the RELOC™ makes you net positive interest, it is added to Bucket #2 increasing the cash value bucket. When the RELOC™ doesn’t earn at least 4%, the current rate of interest, money from the cash value bucket then transfers back to the RELOC™ bucket. For more information about how the RELOC™ works, Text RELOC to 30500 and I will send you another video explaining how it works.
 
So what happens to these 3 buckets when you pass away?  Bucket #1, your life insurance contract + Bucket #2, your current cash value, get added together forming what is known as DEATH BENEFIT. That is the amount paid to your designated beneficiaries. Bucket #3, which was never your money, is taken back by the insurance company.
 
As you can see, the RELOC™ was never part of your death benefit. It was always independent of the cash value and life insurance contract and why it is NOT traditional debt or liability like most Lines of Credit. It truly is OPM (other people's money) working on your behalf  - where you get to keep any net interest that then can accelerate your Compound Interest.
 
Save this email text and video, so the next time you hear someone get this wrong, you can help them understand what is right!
 
Send any of your questions to [email protected].

I'm Curtis Ray, Always Be Compounding™!

Website: https://mympi.com/
Schedule A Call With An MPI® Specialist: https://calendly.com/mpi

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What Maximum Premium Indexing Is? :   https://youtu.be/eRIYXSggSiU​

I'm Curtis Ray, Always Be Compounding™!

Website: https://mympi.com/
Schedule A Call With An MPI® Specialist: https://calendly.com/mpi

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Ask questions to the email: [email protected]

Watch These:
Is Infinite Banking Worth It?

The Retirement Equity Line of Credit (RELOC™) is one of the most important features in a successful Retirement Plan. Without this feature, your retirement plan will most likely require you to downsize, unable to produce the full retirement income potential you desire.

A RELOC™ is a collateralized line of credit from the insurance company at a contractual low interest rate. In other words, additional available capital at your disposal to use for any reason, at any time, without penalty or fees. More importantly, it can also be used to accelerate your Compound Interest potential.

The theory of MPI® begins with the money concept of ALWAYS BE COMPOUNDING. The ability to produce Compound Interest not only on the money you save, but also on the money you spend. We all spend money on various expenses including our mortgage, recreation, food, etc.  Once money is spent, it’s gone, never to earn Compound Interest again. However, using the RELOC™ provides the opportunity to change how money is used so that your money can Always Be Compounding.

I'm Curtis Ray, Always Be Compounding™!

Website: https://mympi.com/
Schedule A Call With An MPI® Specialist: https://calendly.com/mpi

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Curtis Ray founded MPI® Unlimited and serves as President and CEO. In 2014, Curtis was introduced to the world of Financial Planning and Insurance through years of research, observing that the traditional investment strategies of the 401(k), IRA, Real Estate, and Insurance were not providing the retirement people hoped for or expected.

I'm Curtis Ray, Always Be Compounding™!

Website: https://mympi.com/
Schedule A Call With An MPI® Specialist: https://calendly.com/mpi

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MPI®, Maximum Premium Indexing®, is the first financial plan built opposite of the mainstream philosophy. MPI® also has 3 phases, but rather than all the focus on maximum-sized nest-egg, MPI® focuses on a mechanism that produces maximum distributions, or retirement income, from the nest-egg. The first phase of MPI® is Secure Accumulation. By focusing on security first, rather than risk-based Accumulation, a foundation for Compound Growth can be built. This Secure Phase can only produce around 6-8% return on average. But because risk of loss from the stock market is eliminated, it provides the opportunity of for the second phase of MPI®: the Acceleration Phase! This phase is achieved through a process of Secure leverage, using additional capital to enhance the growth potential inside the portfolio. The Acceleration Phase inside of MPI® can increase the growth potential from a modest 6-8% up to 15% as it matures over time.

Curtis Ray founded MPI® Unlimited and serves as President and CEO. In 2014, Curtis was introduced to the world of Financial Planning and Insurance through years of research, observing that the traditional investment strategies of the 401(k), IRA, Real Estate, and Insurance were not providing the retirement people hoped for or expected.

I'm Curtis Ray, Always Be Compounding™!

Website: https://mympi.com/
Schedule A Call With An MPI® Specialist: https://calendly.com/mpi

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SURRENDER CHARGES

When discussing an MPI® Cash Value Life Insurance plan, I frequently focus on its liquidity or lack of restrictions to access your money. Unlike a 401(k) or IRA, MPI® doesn’t have an early withdraw penalty before age 59 ½, nor other limitations / requirements of those traditional plans. However, there is one caveat and that is  the “Surrender Charge” or the penalty to cancel the your MPI® plan within the first 14 years.

An MPI® contract is a life-long contract between you and the life insurance company. These contracts have many benefits and advantages that help protect and accelerate your Compound Interest,  producing enhanced retirement income. However, to receive these benefits, it requires commitment.

I'm Curtis Ray, Always Be Compounding™!

Website: https://mympi.com/
Schedule A Call With An MPI® Specialist: https://calendly.com/mpi

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Text BOOK to 30500 to get your FREE copy of my book "The Lost Science of Compound Interest."

I'm Curtis Ray, Always Be Compounding™!

Website: https://mympi.com/
Schedule A Call With An MPI® Specialist: https://calendly.com/mpi

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Curtis Ray explains how Whole Life / Bank On Yourself Policies actually work. Shows all the benefits and flaws that comes with it, along with comparing to other popular financial investing options. This video will break down with real number from historical data.

Whole Life | Infinite Banking - relating to or denoting a life insurance policy that pays a specified amount only on the death of the person insured.

I'm Curtis Ray, Always Be Compounding™!

Website: https://mympi.com/
Schedule A Call With An MPI® Specialist: https://calendly.com/mpi

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What is MPI®?!

This podcast explains how to eliminate market risk in investing. By focusing on security with your money. In the risk pyramid. We take position at the bottom of the pyramid where its the safest to invest. The next thing to focus after security, is GROWTH. Knowing we can never lose, but only GROW is key. And even though the GROWTH aren't large "WINS", they still outpaces any other retirement vehicle overtime, allowing compound interest take its course and succeed exponential growth in your money during your lifetime.  Not only achieve maximum growth, but also safely withdrawal up to 15% instead of the 4%, that most financial advisors suggest. Almost 4X more income with the same account value. This video will explain why and how we do it all. If you have any questions, please feel free to contact us at anytime.

I'm Curtis Ray, Always Be Compounding™!

Website: https://mympi.com/
Schedule A Call With An MPI® Specialist: https://calendly.com/mpi

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