BetterWealth with Caleb Guilliams

Should I Put My Money Into Overfunded Whole Life Insurance


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Overfunded Whole Life Insurance when set up and used properly will be you AND Asset not your OR Asset. 

In today's Better Wealth, I continue the asset analyzer series where I look at different places where you can put your money by comparing them to the 11 attributes to the perfect asset. In today’s podcast I evaluate whether you should put your money into Overfunded Whole Life Insurance. In this series we have been taking a step back and not getting emotional about a product but really asking ourselves what is the outcome of what we want and will this asset help me move forward in reaching that outcome. Listen as I talk about the largest issue we face is when people look at Overfunded Whole Life Insurance (AND Asset) as an investment only, a place to grow money and they miss out on all the other benefits. Join me on our BetteWealth YouTube Channel to see how I have structured my AND Asset and how it functions and works for me as an AND Asset and not an OR Asset. 

  1. Safe (Low Risk): Your money suffers little to no risk of loss.
  2. Liquidity: Your money is accessible for emergencies or opportunities.
  3. Growth: Your money multiples at a competitive rate of return.
  4. Passive Cash-Flow: Your money produces income on it’s own. 
  5. Leverageable: You can use your money as collateral.
  6. Private: Your money grows without restrictions and has creditor protection.
  7. Tax Deductible:You can subtract any money you put into the account from your taxable income.
  8. Grows Tax-Free: Your money grows without being taxed.
  9. Tax-Free Distribution: You can access your money without paying taxes on it. 
  10.  Protection/Legacy: You are provided for in the event of tragedy and are self completing.
  11.  No Contribution Limits: You have no limits on how much you can fund in the asset. 


#BetterWealth


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