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WHOLE LIFE RETIREMENT PLAN - Insurance Lead Conversion Video | WebPrez

Name: WHOLE LIFE RETIREMENT PLAN - Insurance Lead Conversion Video | WebPrez
Uploaded: 2019-08-10T04:30:31+00:00
Duration: 1 min 1 s
Channel: Michael Viñal
Description: In this promotional video, the presenter argues that conventional retirement savings vehicles such as 401(k)s, 403(b)s, IRAs, and SEPs suffer from three…

10 Aug 2019 · 1 min

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In this promotional video, the presenter argues that conventional retirement savings vehicles such as 401(k)s, 403(b)s, IRAs, and SEPs suffer from three major drawbacks: income taxes, investment losses, and management fees, which together can erode retirement income by 30‑40%. He proposes a solution based on Internal Revenue Code Sections 101 and 7702, which permit tax‑free growth and tax‑free withdrawals when used with whole‑life insurance contracts. These contracts provide contractually guaranteed compound annual growth for the policyholder’s lifetime and the right to receive annual dividends. Although dividends are not guaranteed, many such contracts have a century‑long record of paying them. By using these provisions, the presenter claims investors can avoid market exposure, eliminate taxes, and sidestep fees, thereby preserving more retirement income.

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There are 3 problems with the way we save for retirement in a 401(k), 403(b), IRA, or SEP: income taxes, investment losses, and management fees. And together they can reduce our retirement income by at least 30 or 40%, but they are all avoidable. How? With Internal Revenue Code Sections 101 and 7702. These 2 provisions of the tax code allow our money to grow without taxation and allow us to take income during retirement also without taxation, and all without investment losses or management fees. Because we can take advantage of these tax code provisions with contractually guaranteed compound annual growth for as long as we live, along with the right to receive annual dividends, but without actually investing any of our money in the stock or bond markets. And although these dividends are not guaranteed, many of these contracts have paid dividends every year for more than 100 years.