Whole Life Insurance vs. A Traditional Savings Account

In this special-episode, 100 Year’s Kristin Colca presents a case study on comparing saving money in a traditional savings account at the bank versus using a whole life insurance policy as a savings vehicle.  Kristin highlights the key differences and explains how a 100 Year policy is a win-win for real estate investors. Key Takeaways: ✔ With a whole life insurance policy, you can borrow against 85-90% of its cash value within the first month. ✔ Your compounding isn't interrupted when you borrow against the cash value. ✔ Same dollars could work more efficiently when put into 100 Year Real Estate structured life Insurance policy as compared to those into savings account. ✔ The interest you earn from a savings account is taxable annually. Whereas, with whole life insurance, gains that are reinvested into the cash value of the policy do not generate a 1099. Plus, if structured correctly, you can borrow against your principal and gains income tax free. ✔ Additional advantages: death benefit protection and access to up to 75% of death benefit in case of chronic illness, terminal illness or a critical illness Ready to learn more? Take our Mini-Course on Whole Life here: https://100yearrei.com/whole-life-mini-course/ BONUS Resources: Download our eBook on how you can leverage on our Dual Asset Strategy and become your own source of financing: https://100yearrei.com/ebook-download/ NEXT Step: If you want to learn more on why should add a cash value Whole Life Insurance Policy to your financial plan (and even the plan for your children), get in touch with our Team here: https://100yearrei.com/callnow/ About The 100 Year Real Estate Investor The Whole Life Insurance Policies offered by the 100 Year Real Estate Investor are specially-designed. This means they work harder toward achieving your financial objectives, no matter what they may be. Check out this blog for 7 facts about our specially-designed strategies that may not be true about typical whole life policies: https://100yearrei.com/7-facts-about-specially-designed-whole-life-policies/   About Jake & Gino Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company that controls over $100,000,000 in assets under management. They have created the Jake & Gino community to teach others their three-step framework: Buy Right, Finance Right and Manage Right®, and to become multifamily entrepreneurs. #personalfianance #wealthbuilding #wholelifeinsurance #100yearrei Jake & Gino Facebook: https://www.facebook.com/jakeandgino/ Jake & Gino Twitter: https://twitter.com/JakeandGino Jake & Gino Linkedin: https://www.linkedin.com/company/jake-and-gino-llc/ Jake & Gino Instagram: https://www.instagram.com/jakeandgino/

Episode 59 of the Jake & Gino: Real Estate Investing & Multifamily podcast, hosted by Jake Stenziano Gino Barbaro, titled "Whole Life Insurance vs. A Traditional Savings Account" was published on April 6, 2022 and runs 10 minutes.

April 6, 2022 ·10m · Jake & Gino: Real Estate Investing & Multifamily

Summary

In this special-episode, 100 Year’s Kristin Colca presents a case study on comparing saving money in a traditional savings account at the bank versus using a whole life insurance policy as a savings vehicle.  Kristin highlights the key differences and explains how a 100 Year policy is a win-win for real estate investors. Key Takeaways: ✔ With a whole life insurance policy, you can borrow against 85-90% of its cash value within the first month. ✔ Your compounding isn't interrupted when you borrow against the cash value. ✔ Same dollars could work more efficiently when put into 100 Year Real Estate structured life Insurance policy as compared to those into savings account. ✔ The interest you earn from a savings account is taxable annually. Whereas, with whole life insurance, gains that are reinvested into the cash value of the policy do not generate a 1099. Plus, if structured correctly, you can borrow against your principal and gains income tax free. ✔ Additional advantages: death benefit protection and access to up to 75% of death benefit in case of chronic illness, terminal illness or a critical illness Ready to learn more? Take our Mini-Course on Whole Life here: https://100yearrei.com/whole-life-mini-course/ BONUS Resources: Download our eBook on how you can leverage on our Dual Asset Strategy and become your own source of financing: https://100yearrei.com/ebook-download/ NEXT Step: If you want to learn more on why should add a cash value Whole Life Insurance Policy to your financial plan (and even the plan for your children), get in touch with our Team here: https://100yearrei.com/callnow/ About The 100 Year Real Estate Investor The Whole Life Insurance Policies offered by the 100 Year Real Estate Investor are specially-designed. This means they work harder toward achieving your financial objectives, no matter what they may be. Check out this blog for 7 facts about our specially-designed strategies that may not be true about typical whole life policies: https://100yearrei.com/7-facts-about-specially-designed-whole-life-policies/   About Jake & Gino Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company that controls over $100,000,000 in assets under management. They have created the Jake & Gino community to teach others their three-step framework: Buy Right, Finance Right and Manage Right®, and to become multifamily entrepreneurs. #personalfianance #wealthbuilding #wholelifeinsurance #100yearrei Jake & Gino Facebook: https://www.facebook.com/jakeandgino/ Jake & Gino Twitter: https://twitter.com/JakeandGino Jake & Gino Linkedin: https://www.linkedin.com/company/jake-and-gino-llc/ Jake & Gino Instagram: https://www.instagram.com/jakeandgino/

Episode Description