Infinite Legacy Banking is a wealth-building strategy that allows you to use a permanent life insurance policy as a source of funds.  You pay premiums into the policy, and it builds up cash value over time.  You can then borrow against the cash value of the policy, tax-free.   You can use this money for any purpose, such as paying for a down payment on a house, funding a child's education, or retiring early.

The key difference between Infinite Legacy Banking and traditional infinite banking is that Infinite Legacy Banking focuses on using the policy to build wealth for future generations.

Infinite Legacy Banking can be a complex strategy, so it is important for you to work with one of our insurance professionals who is familiar with it. However, if you are willing to put in the time and effort, it can be a very effective way to build wealth for future opportunities and create a lasting legacy for your family.

Here are some of the benefits of infinite legacy banking:

• Tax-free borrowing: When you borrow against the cash value of your permanent life insurance policy, the money you borrow is not considered income, so you do not have to pay taxes on it. This can be a significant savings, especially if you are in a high tax bracket.
• Equity growth: When structured properly, as the cash value of your permanent life insurance policy grows over time you may not have to make any additional premium payments. This means that you can borrow more money against your policy as your equity grows.
• Liquidity: The cash surrender value of your permanent life insurance policy is accessible without any early withdrawal fees, credit requirements, required minimum distributions.  This can be helpful in case of an emergency, an unexpected expense, a vacation, or an investment opportunity.
• Death benefit: If you die while your permanent life insurance policy is in force, your beneficiaries will receive the death benefit, usually tax-free.
• Legacy: Infinite legacy banking allows you to create a lasting legacy for your family. By using the policy to create a trust or by simply leaving it to them in your will, you can ensure that your loved ones will have financial security for generations to come.

Sound too good to be true?   Infinite Legacy Banking might be an excellent solution for your insurance, wealth-building, and legacy planning needs.  However, here are some points to consider:

• Cost: Permanent life insurance policies can be expensive, especially if you choose a policy with a high death benefit.   However, if you qualify, you’ll be in the top 1% of the population that has done so.     
• Surrender charges: Most permanent life insurance policies have surrender charges.  These are fees that you must pay if you surrender all or a portion of the policy before a certain period.  However, most of these fees are incurred in the early years, so you’ll have access to more of your cash surrender value in the future when you need it most!
• Reduction of Death Benefit:  Although one of the benefits of a permanent life insurance policy is the ability to make tax-free loans, if the loans are not paid back by the time of death, the Death Benefit will be reduced by the amount of the loan.  However, if structured properly, if you pay back the loan, your beneficiaries with get the cash value and the death benefit.

If you are considering Infinite Legacy Banking, it is important to weigh the potential benefits and other considerations carefully.   You should also talk to one of our insurance professionals to determine if Infinite Legacy Banking is the right strategy for you. 

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The EWS Financial Group
404.721.2338 * Info@TheEWSFinancialGroup.com
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