Searching for skeptics

[Michael Johnson]

Ladies and gentleman, I believe I have stumbled across an awesome strategy. Its not magic, its not a miracle. But it seems like an  incredible short medium and long term play. 

Before I begin there are alot of very specific variables that come into play. So please don't just take my idea and go do it on your own because there's a good chance it won't work correctly. Im more than happy to tell you all my secrets for free. So, yea be careful. 

but basically here it is...

You purchase a whole life policy (life insurance), different versions for different reasons. After about year 2 or 3... the cash value will increase by about the amount you pay into it.. dollar for dollar (normally more including the interest)

so, you have this cash account growing tax free and protected from the markets and the economy. That you can either take policy loans on yourself, or get a collateralized loan from a bank. You can use that money for whatever you want whenever you want. But here's another cool thing, your money is growing at around 7% tax free. Your policy loan charges about 4%. Which means while you have your policy loan outstanding, you are still making the interest spread on your whole amount. Because technically your money is still in the fund. Its just been loaned on. 

reach out and connect with me theres more details to give, but im looking for people to try to shoot my idea down honestly.. help me find the holes that I dont see. Ive met with two different firms and narrowed the specifics. Let me know what you think! 

[Steve Wilmers]

Hopefully an insurance expert can comment on this as I am not one, but I would be very surprised if your cash value is increasing close to dollar for dollar on the amount you're paying in via monthly premiums.  I am curious though if this is accurate.  In order to get that "almost dollar for dollar" do they require a significant up front payment on any or all of the whole life policies?