What Elites Do With Their Money

I came across an incredible statistic that will probably leave you just as amazed as I was.

On page 170 of the book “The Pirates of Manhattan II: Highway to Serfdom,” author Barry James Dyke reveals this gem.

Some of the biggest banks in the world are huge investors in cash value life insurance.

Here they are by the numbers:

Wells Fargo has $19.3 billion invested in cash value life insurance. Bank of America $18.5 billion. PNC Bank $5.8 billion. And U.S. Bank $5.1 billion. 

It’s also worth noting that this money isn’t just these banks gambling money that they are splashing around. All of those figures are Tier 1 capital investments.

For those who don’t know, Tier 1 is safest capital that a bank holds. It’s the equivalent of what you store in a safe behind a picture frame in a locked room.

These banks could hire anyone on the planet to manage their Tier 1 capital. Heck, one would logically think that the banks themselves had at least somebody in a fancy corner office who could multiply capital with a few clicks and phone calls.  

So why do these banks put billions of their most closely held capital on the line with cash value life insurance? 

Because they KNOW how good of a deal a well-funded cash value life insurance plan is. 

And if they can confidently invest billions of their most treasured capital in life insurance plans, so can any John and Susie Q. Investor. 

This alone is a heck of a good selling point for skeptical prospects whom can’t seem to turn the corner. 

But perhaps I’m selling prospects short. Maybe they want better reasons to invest in cash value life insurance plans? 

Here are just a few of the benefits… 

  • Safety
  • Liquidity
  • Guarantees
  • Tax-advantages
  • Track-record in all markets 

Here’s a deeper look at three of those major benefits… 

First, cash value life insurance is one of the few investment vehicles out there that doesn’t face the headwinds of the unsteady stock market. That kind of safety is rare for any investment. This one reason alone will help prospects sleep better at night. 

Second, money in a cash value life insurance plan is guaranteed to be there when you need it. There are certain guarantees built into each specially designed life policy that insure that whatever money you put into the plan is guaranteed to be there whenever you need it. 

And third, any withdrawal from a properly designed cash value life plan is tax-free for any use. So whether your prospects want to save for retirement, buy a second home, save for their children’s education or splurge on a boat, they can access the money tax-free without any restrictions. 

And about the aforementioned book, “The Pirates of Manhattan II: Highway to Serfdom.” It’s a great read that will teach you a few ways to protect your financial future and freedom. 

Be valuable, 

John McCarthy
Managing Editor, Leads4Insurance.com

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