Phil Wasserman’s Customer Review of Life Insurance

A small review about Life Insurance:

The purpose of life insurance is to create wealth for heirs.  Recently, we had a person approach us with some cash on hand, wanting to make an investment in the stock market that would provide the best possible returns for his granddaughter. He had little need for the money, had plenty of money outside this investment, and was quite clear that this money was being put to use for one reason and one reason only: to leave behind to his granddaughter. In his case, we told him to stay away from the stock markets and instead invest the money into a life insurance policy. Why?…..The investment into the life insurance policy instantly more than doubled his money and guaranteed it to his granddaughter upon his demise. The risk of the market and the time it would take to potentially grow the money to equal the life insurance’s guaranteed death benefit were completely eliminated, thereby making the investment into the life policy well worth the effort and the monies left to her are tax free.

-Phillip Roy, Lakewood Ranch, FL

Life Insurance Secrets

“People always have a huge misconception with life insurance. They think its just an expense, they think it can expire or they simply don’t want to think about death,” Says Phillip Wasserman. However Phil wanted to show a few ways that people may have never seen insurance before.

“Some insurance is an expenses and some can expire, most insurance today is whole life insurance. its an asset that can grow just like any other financial product. What can life insurance do that no body knows… It can provide Tax Free Income, depending on how the life insurance policy was designed, there could be significant cash buildup within the policy. With cash in the account, as mentioned above, it is highly possible that you could withdraw cash from a life policy tax-free. Generating income from the cash value within a low-cost, high-quality life insurance policy could make this one of the strongest benefits of adding some life into your life.”What else?….. Free Up Principal. We meet many people in retirement who are saving as much as they possibly can for their family. For a fraction of the estate value, they may want to consider investing a small portion of their investments into a life insurance policy that guarantees the value of the estate at death. Doing so often provides the insured peace of mind knowing that if they wind up spending all of their money down to the last penny, they will still leave the value of the estate behind thanks to the life insurance policy. “