You probably wouldn’t be here reading this article if you didn’t at least have an idea of who John D. Rockafeller was. The founder of the Standard Oil Company, one of the wealthiest men and most influential on our current American economy. His influence can not be overstated. Born in upstate New York, he would take a modest upbringing and turn it into one of the most lucrative oil refineries in the world. Well, what you may not know about Rockafeller is he was also a forefather of overfunded life insurance strategies.
Have You ever heard of “The Rockefeller Formula?
You may or may not have seen or heard the term “Rockefeller Formula” thrown around throughout financial blogs & podcasts. Did you know MBK & Associates Inc had a podcast? Subscribe Here to learn more. You could have also seen other examples that utilize Overfunded Life Insurance policies to generate tax-free income after retirement. Here are a few things to think about.
You want to get wealthy. You want to maximize that wealth. You want to reduce your liabilities. Well Did you know you can do all of those things utilizing what the 5 Day Weekend calls “The Rockefeller Formula”? Assets tend to be associated with stocks, real estate, business ownership, and home ownership, many middle-class people don’t realize that Whole Life Insurance comes with inherent cash value that help you continue to build wealth and not lose the money owed to your family at death.
Cash Value Life Insurance
Cash value life insurance not only provides your family with a death benefit it means you can continue providing the family with living benefits that build wealth. When you team up with MBK and Associates Inc, you can structure life insurance policies that carry high cash value, grow tax-free, provide liquidity, and never depend on the market.
Safety While Investing
Looking at overfunded life insurance options, something like The Rockefeller formula could scare off someone who hasn’t heard of such a thing. What someone would be missing however it that this methodology actually helps you feel less risk than other options like the market. Cash value life insurance offers financial safety to invest in other performing assets. You can have peace of mind knowing if you use your cash value from your life insurance, you could have a cushion for error.
Want to learn more about life insurance, the Rockefeller Formula? or Cash Value Life Insurance? Just give us a call! It’s never too early or too late to look into planning your life insurance portfolio to be more efficient! You can reach us via our contact form and we can call you! With all that 2020 has brought, stay ready for anything in 2021 with tax-efficient strategies with MBK and Associates Inc.!