Entrepreneurs on Fire · How Successful Business Owners Can Become Their Own Source of Financing with Mark Willis
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State that a properly designed whole life policy can build 8-40× more cash value than “old-fashion” life insurance
8-40× more cash value; commissions cut by about 70%
“We put your 4 million into an income annuity… we put it into a life insurance policy, put the life insurance policy into an irrevocable life insurance trust… 12 million free of taxation to his children”
“The typical interest rate on a savings account is so low you need a magnifying glass; cash in a whole life policy grows guaranteed and pays dividends.”
“The HR executive said Fox would send the family a compensation package to take care of Kusznova's back pay and benefits, funeral expenses, and an additional cash sum to approximate the life insurance payout.”
“You can do what I call an asset list, which is my KiwiSafe ... life insurance is worth ... bank accounts with ANZ, Westpac ... shares with Sharesies”
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