PRIVATE PENSION PLANS

PRIVATE PENSION PLANS “INFINATE BANKING”

FEATURES & HIGHLIGHTS

The concept of “Private Pension Plans” OR “Infinite Banking” is to accumulate wealth/cash on a “Tax Deferred” basis during the “Accumulation Period” and then distribute wealth “Income Tax Free” during the “Distribution Period” or at Retirement.

ACCUMULATION PERIOD

  • A Financial Instrument is used to facilitate the accumulation of wealth “Tax Free” and is currently providing the following features.
  1. Posting an internal tax-free rate of return of between 6.00%-6.40%
  2. Has an internal “Tax Free Guaranteed” rate of return of 3.5%
  3. Funds are always available without any penalties or fees
  4. A tax-free death benefit is provided as a feature of the plan and facilitates the distribution of the accumulated wealth “Income Tax Free”
  5. The death benefit provided increases during the “Accumulation Period” then, decreases during the “Distribution Period”
  6. In the event of a Disability during the “Accumulation Period”, the Insurer waives your contribution and continues to make your contributions to your Pension Plan through to the “Distribution Period”
  7. The wealth being accumulated is guaranteed by the assets of the Insurer providing the Financial Instrument.

DISTRIBUTION PERIOD

  1. All Distributions from the Private Pension are “Income Tax Free”! 
  2. No limit on distributions, they may begin at any time, be paid in any amount or be paid intermittently.
  3. The Tax Free “Cash Account” may be used like a bank account where you may make withdrawals and then deposits back to the cash account.

DISTRIBUTIONS & DEATH BENEFIT

  • “Death Benefits” from the plan will be paid to the named beneficiaries completely “Income Tax Free”

The “ Financial Instrument” is a highly accelerated cash value limited payment life insurance product with fixed mortality and expense costs.