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"Personal finance directs learners to accumulate net worth, pay off debt, invest for the long term, and protect their possessions with term insurance. The corporate finance course teaches velocity of money, cash flow, risk management, and permanent insurance strategies. These principles are far superior to and less risky than the personal finance techniques.

In fact, corporate finance strategies are intended to take advantage of the investment dollars tucked away by people using personal finance methods. What isn't taught to the average (North) American is that corporate finance strategies can be employed on a personal level and used to achieve far greater wealth with equal or better security" 

- Garrett Gunderson

• Wish to generate a cash reserve that provides you with a potentially wealthy retirement income stream.
• Want to create an education fund for your children.
• Need to replace your income so your family can maintain the same standard of living.
• Intend to build a cash reserve that provides you with liquidity and you can leverage for major life purchases.
• Desire an alternative to mortgage insurance that gives you control and looks out for your best interests…not your bank.
• Want to protect cash reserves against creditors, probate or taxes.
• Plan to protect your family with a tax-free death benefit.
• Want available funds to cover funeral expenses.
• Have concerns with paying off any outstanding personal debts or loans while you are alive or upon your passing. 

How does it work?

When structured in the right way, using one of our Infinite Financial Solution, the cash value of a participating whole life insurance policy is comparable to the equity you build up in a home or real estate property when you pay a mortgage.

A home is an asset with a certain value you can use as collateral to obtain a loan called a HELOC (Home Equity Line of Credit). When you pay into the mortgage on your home, the payments reduce what you owe, and you gain in home equity—the value of the paid-off portion of your mortgage. The value of your home remains but you are leveraging the equity to collateralize the HELOC.

A participating whole life policy is permanent insurance that also creates equity, with what is referred to as a cash value. This cash value is also considered an asset you can use as collateral—one of the reasons we often compare it to homeownership. And along the same lines as the HELOC scenario, when you take a loan out on your whole life insurance policy, the cash value stays the same—as if you haven’t even touched it because you are leveraging the equity in the policy’s cash value as collateral.

One key difference with a properly structured participating whole life insurance policy is, you can access your money without going through financials—which is not usually the case with a HELOC. You simply request the policy loan and within days, you receive the funds.

Another key difference with this type of policy is the time-proven potential to earn dividends. Impressively, for over 175 years, these types of policies have been paying out dividends in North America. The policy is structured to use these dividends to purchase more insurance known as paid-up additions, which accelerate and fast-tracks the growth of both the cash value and death benefit in your policy.

Here are just a few of the ways an Infinite Financial Solution plan is a unique, all-in-one financial solution that works to protect and preserve your estate and legacy in the future while helping you plan and self-finance many of life’s big purchases today…

Saving for Education 

Use our properly designed participating whole life policy to guide education savings for your child or grandchild instead of an RESP. You can take a policy out on your child within the first year of birth at lower, affordable rates to start saving for their post-secondary education in advance with guaranteed growth, so you will know what is available when the time comes to use it.

When it comes to securing your child’s future, RESPs have limitations and potential drawbacks. Embracing the Infinite Banking Concept® through setting up your child for life offers enhanced control, liquidity, growth potential, creditor protection, and extended timeframes. By choosing IBC®, you can provide a solid financial foundation that will support your child’s education and beyond, setting them up for a lifetime of financial security.

• AGE 18 – Education - $126,000 accessible which can be used for any school, or any other interests they choose.
• AGE 30 – $315,000 accessible. Freedom to decide what type of house and amount of down payment.
• AGE 40 – Income Property opportunity - $598,000 to generate significant income streams from their rental properties.
• AGE 50 – Lump Sum Investment - The child has access to over $1,077,000. This can build a good retirement nest egg.
• AGE 65 – Retirement - Over $2,423,000 to utilize towards retirement.
• AGE 85+ – Death - A legacy of family wealth of over $7,182,000 tax-free

***Assumptions based on major Canadian life insurance companies in 2023. Based on current dividend scales. Dividend scales are projected and not guaranteed until each dividend is paid. (Dividends have been paid each year for over 175 consecutive years). Based on starting a plan after child is 1 month old, and a monthly contribution amount of $500.

Lifestyle Purchases 

The equity in your policy gives you flexibility and accessibility to a liquid cash reserve you can use while living to self-finance what you need when you need it. Our clients have used their Infinite Financial Solution plan to pay for vehicles, new business equipment, vacations, home renovations and virtually just about anything else you can think of!

Securing Retirement

Our Infinite Financial Solution plan accounts for an additional stream of retirement income when you stop working. Better yet, you’ll have peace of mind knowing exactly the minimum guaranteed value of your account on the day you except to tap into it. An RRSP is tax-deferred and subject to market fluctuations and volatility, and can’t provide you with the same guaranteed value of funds when you retire.

Legacy Planning 

Our Infinite Financial Solution plan sets you up with the ability to earn annual dividends on top of guaranteed returns. These dividends can be used to purchase additional insurance which helps to accelerate the growth of both the cash value and death benefit of your policy—a great mechanism for building wealth and leaving a legacy for future generations.

Charitable Giving

If you make regular contributions to a charity, you can strategically amplify the amount of your charitable gift and reduce your estate’s income tax without impacting your family’s inheritance.

You can contact us to learn more about it and see how you and your family can benefit from it by booking an appointment with no obligation.