Make Your Life Insurance Pay Off NOW – Dr. Carolyn Jacob Did!
At NPCG‘s 2015 Your Financial Destiny: Money Rules! seminar held in April, we had some of our clients talk about ways in which they have used their policies. Over the next few weeks we’ll be rolling out some of those commentaries on our You Tube channel.
Today, we’re sharing the first of these featuring dermatologist and cosmetic surgeon Dr. Carolyn Jacob, who tells her story of how she financed both her professional and personal needs from her Self Empowered Banking System. Here’s Dr. Jacob’s story: Make Your Life Insurance Pay Off NOW, Not When You’re Six Feet Under.
Whole life insurance contracts are some of the safest and most beneficial financial instruments in which to place your money. In a recent interview with New York Life’s President and Chief Investment Officer John Kim, when asked about the value proposition of whole live insurance, he explained the three great benefits in this way:
In many respects, as I mentioned, you get three very important benefits. One is the insurance protection—the death benefit. But it also has guaranteed cash value accumulation, as well as the ability to earn dividends. And all of this is wrapped within the product’s tax benefits of tax-free buildup and tax-free transfer. The third benefit, known as “living benefits,” refers to the policyowner’s ability to tap into the policy’s cash value to pay for important events in life, like buying a home, funding college, paying for unforeseen emergencies, or even funding your retirement. So, you have multiple benefits as an insurance product.
Be sure to listen for these three great benefits that John Kim outlines in Dr. Jacob’s video.
To learn more about how you can put your whole life insurance policy to work for you NOW, not when you’re six feet under, contact Julie Ann Hepburn or at 312.957.9400.
