Purchasing Whole Life For My Kids (Ep. 44)
About this episode
In this episode, Gino Barbaro discusses why he purchased whole-life policies for each of his six children. One day they will need a place to put their savings, and what better place than in a strategy with many benefits, that can grow tax-deferred, and with the ability to take money out in the future tax-free? A whole life insurance policy on your child can be leveraged to pay for things like books, computers, college, starting a business (alternative to college), and even weddings.
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Life insurance is not an emotional decision, but a sound risk management decision, which provides protection and opportunity for the future. Each Member of the 100 Year Team is a Bank on Yourself® Professional, and are experts in the Infinite Banking Concept®. We are licensed and service clients in the United States, Canada, and Puerto Rico, specializing in working with Real Estate Investors.
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