Knowledge Financial Group: Rule Of 772 - Dollar Cost Averaging - 770 Account - Jeanty Antony

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770 Account: What you and other people should know about this special kind of investment  strategies..

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What is the 770 account?

It actually uses a specially designed Permanent Life Insurance policy with a Paid Up Additions Rider that essentially does turn you into your own bank where you can finance all of your own purchases and pay the interest back to yourself through these specially designed policies. 

 

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There is  a special investment known as the secret 770 account that has been kept under the radar for one reason or another when it comes to investment finance. The 770 Account, nicknamed the the “President’s Account” continues to intrigue those who’ve heard about it.  Many investors are not entirely certain what this so called secret account  consists of.  Where did the 770 Account come from?

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The 770 Account is a special account involving major tax breaks and a healthy return using a life insurance policy as the main catalyst.  If the 770 is set up correctly there are no penalties, it’s totally  liquid, and is tax differed.

 

Where does the Life Insurance come into play?… Leverage is based on the “life benefit”, not the death benefit of a policy…meaning the death benefit is minimized, while the life benefit is maximized. The secret 770 account is not truly so “secret”. It’s certainly nothing  illegal.

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The 770 Account is the alternative retirement account that you either have never heard of it before or, if you have, chances are you are most likely misinformed or have yet to be properly educated about the strategy.

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hy Have I Never Heard Of The 770 Account Before?

 

Your financial advisor has likely never heard of it and the life insurance industry does not train agents on this strategy.  Wall Street advisors get paid to manage money by recommending mutual funds and other securities. The 770 Account is an unmanaged asset class guaranteed by contract to grow regardless of market conditions. 

 

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AGAIN HERE'S THE SAME QUESTION??

What is a 770 account?

This "770 account" is not more than Permanent Life Insurance with a twist – it maximizes the Life Benefit and not the Death Benefit. There are many factors that need to be in place before the life insurance policy can turn into a “770 account.”  It has to be from a Mutual Insurance company (Participating Whole Life Insurance), it needs to have a paid up additions rider.

 

 

 

If you get a normal permanent life insurance policy from a normal company/agent, then you are just getting an ok death benefit, but the cash value will grow at a very low rate and you won’t see any money for the first 3-5 years.

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What makes them different?

 When getting this type of life insurance policy (or 770 account), you are doing this for the LIFE benefit (cash value growth/value, tax free accumulation/distribution, etc.), not for the death benefit. 

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What are the benefits?

 When structured correctly (as a 770 account), you will get the following:  No risk, guarantees, no penalties, liquidity use and control of your money, protected from creditors, leverage, tax deferred growth, tax free distributions, competitive rate of return, collateral, disability benefits (optional) until age 65, and a Death Benefit that will go to the heirs tax free.

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Ok, we heard the good news. What is the catch? Are there any bad things about this 770 account?

There is no catch, but there are 3 cons I discovered about this 770 account:

1) Not everybody can qualify. You must take a medical test to make sure you are in good health.  (After all, it is a life insurance product.) So if you are not in good health, you may have to get the life insurance for your spouse, children or grandchildren, putting yourself as the owner.

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2) You don't have your full cash value available for the first few years. Why is that? Because even though we are getting the least amount of death benefit we can (permitted by law), we STILL have to pay for that life insurance.

 

 

 

 

 

 

 

 

How much of the premium will go towards the death benefit?

  It depends on your type of policy or 770 account. The first year will take the biggest hit. Again, depending on how we structure the policy (and the age of the insured

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3) For many plans, you need to make steady premiums every year or every month; but we can create a plan where the client can have some flexibility as far as amount of premium paid every year, including missing some years based on the client’s situation. 

 

 But the good thing is that you can choose to have a disability rider so that if you become disabled, the company will pay your premiums every month. 

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The Secret 770 Account: What It Is, Why You Should Have One

 

Secret 770 account" that you simply must make a part of your investing strategy. Well, it's not a secret -- but it should be in your portfolio.

In this case, "770" refers to the section of the tax code covering funds inside a life insurance policy. Using the tax code to name a type of account is common

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Whole life insurance has been used for generations by corporations and dynasties to grow money safely, securely and in a tax-favored environment name 770 account .

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HERE WHAT THEY SAID ABOUT 770 ACCOUNTS WHOLE LIFE INSURANCE POLICIES...

Your cash value balance is guaranteed by the insurance carrier to not go backward, assuming all premiums are paid.

You will have guaranteed growth every year no matter how the stock market performs.

All growth and dividends grow tax-deferred inside the policy.

You have tax- and penalty-free access to your cash through policy loans at any age.

There are no restrictions on when loans have to be paid back.

Cash value may still increase even on borrowed funds, depending on the carrier.

There are no restrictions -- personal, business or investment -- on using your cash value.

There are very high limits on how much money can be put inside the policy (though avoid becoming a Modified Endowment Contract).

It is possible to overcome the cost of insurance in the first few years and have the policy "self-complete" thereafter by paying remaining base premiums out of cash value -- with cash value still growing larger

You can borrow funds out of the policy and pay those funds back with much of the interest getting credited to your cash value, more quickly driving up the cash value.

You maintain total control of your funds and cash flow.

Access to the cash value is tax-free for the rest of your life.

Since all this is done inside a life insurance contract, when you pass from this world, you will leave a large tax-free benefit to your estate (some limits apply).

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Traditional life policies are usually based on the income replacement needs of the insured. Properly designed life policies (or 770 accounts) are built more for the living benefits and less for the death benefit.

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Tax Free Retirement?

Money Code, The Secret Investment Account, the Magic Contract and Tax Free Retirement.  It’s being called by many names. 

But what exactly is it?  Maybe you know it by a different name? It’s life insurance of course!  Whole Life Insurance or Permanent Life Insurance to be more specific. 
  Not Term Life Insurance. Whole Life has steeper premiums then Term Life Insurance. 
  The reason being is that whole life has greater benefits.  While it has roughly the same characteristics as term life, it also comes with an investment component.


  These investments can include, stocks, bonds and even money market vehicles.  And.. you can borrow against it.. It's your investment but if you need to get money out of it, you have to borrow with high interest and when you die your love ones, your beneficiaries don't get nothing out of your investment whole life money..

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DOLLAR COST AVERAGING

DOLLAR COST AVERAGING:Dollar cost averaging is a timing strategy of investing equal dollar amounts regularly and periodically over specific time periods (such as $100
monthly) in a particular investment or portfolio. ---knowledgefinancial.com By doing so, more shares are purchased when prices are low and
fewer shares are purchased when prices are high.

The point of this is to lower the total average cost per share of the investment, giving the investor a lower overall cost for the shares purchased
over time.[1]

Dollar cost averaging is also called DCA and constant dollar plan in the US, pound-cost averaging in the UK, and by the currency-neutral terms unit cost
averaging andFINANCIAL SUCCESS:In order to succeed, your desire for success should be greater than your fear of failure. knowledgefinancial.com

 

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''Compound Interest:          
KNOWLEDGEFINANCIAL.COM
Explains:

What Does Compound Interest Mean?Interest that accrues on the initial principal and the accumulated interest of a principal deposit, loan or debt. Compounding of interest allows a
principal amount to grow at a faster rate than simple interest, which is calculated as a percentage of only the principal amount.

KNOWLEDGE FINANCIAL explains
Compound Interest: The more frequently interest is added to the principal, the faster the principal grows and the higher the compound
interest will be. The frequency at which the interest is compounded is established at the initial stages of securing the loan. Generally, interest
tends to be calculated on an annual basis, although other terms may be established at the time of the loan.

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THE RULE OF 72, COMPOUND INTEREST FOR
FINANCIAL SUCESS...

The compound interest and financial success Rule Of 72 is the most important and simple rule of financial success. It takes two minutes and costs nothing to learn the Rule Of 72. Gain financial success faster when you command the power of compound interest, instead of allowing compound interest to enslave you.

The Rule Of 72 should be taught in every school. Every young person should understand compound interest and the simple secret to financial success, before they begin earning, investing and spending ===

''READ MORE ABOUT RULE OF 72=

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