YouBeTheBank.com

YouBeTheBank.com has an arsenal of money tools available for you to use.

Many years of experience and practice give your Money for Life Guide a keen sense of what works and what doesn't work. Attention to your needs and wants allows your guide to recommend appropriate tools for you to employ as you travel on your path to become the master of your money.

The most essential tool for you to develop is your “bank”. The creation and growth of your “bank” is the one essential component that allows you to set specific goals, manage your money to achieve those goals and measure your progress toward those goals.The most effective tool for creating your “bank” is a dividend-paying whole life insurance policy from a mutual company.

There are many reasons why this is the case. The most important is that a properly written dividend paying whole life insurance contract allows you to borrow from your cash values and continues to credit your account with the policy’s internal interest crediting as if you had not borrowed a penny. Your whole life policy also continues to pay the same dividends you would receive if you had borrowed nothing from your “bank”.

In other words, just as a commercial bank would consider a loan to you as an income-producing asset on its books, so also does your insurance policy (which you – not the insurance company - own and control) consider the loan to you as an income-producing asset. The big difference is, of course, that you own the “bank” – in this case a dividend paying whole life insurance contract. To see a few examples of how this process works visit Case Studies.

There are, of course, dozens of other money tools at your disposal that your Money Advisor can guide you to investigate, evaluate and choose to help you achieve the four goals that make you the master of your Money:

• Freedom from debt-to-others

• Passive income that you cannot outlive

• Secure health care and long term care for life

• A legacy that outlives you and the money you “pay forward” to fund it

Protecting and preserving the money in your “bank” and learning how to use your “bank” to pay your money forward and Lock It In As You Go is always going to be your highest priority. Once that is an engrained practice, decisions about other investing and saving opportunities open up.