“Putting it out to bid..”
This is the strategy some companies use to get the best deal. All “putting it out to bid” does is keep the insurance agent honest. This is not a strategy. This approach creates weak coverage, and things left off policies to keep cost down. With a real strategy in place, the cost of insurance could be irrelevant. What..is this really a concept?! The answer is Yes!!.. With a real strategy in place, the cost of insurance could be irrelevant. What if I told you that if your business cash flows, the cost of the insurance doesn’t really matter. What does Mr. Wonderful say? “CASH FLOOOOW.” What does matter, is the opportunity to implement a strategy to create better coverage while reducing the risk the business owner takes without interrupting their “CASH FLOOOOW.” We can redirect the earnings of money spent on insurance and financing, creating thousands and sometimes millions of dollars for our clients over time giving them an exit strategy that works in ALL conditions. The need for personal finance is greater than the need for investing.
I challenge everyone to take an hour and watch this video. It changed everything I ever learned about finance, insurance, and investing. After watching it, ask me for a copy of the book. I will be happy to run illustrations to show how this is real and beyond anything anyone in the financial services industry is showing business owner’s. A lot of people use bits and pieces of the concept, but they do not truly understand it. I have personally ready this book 7 times and as excited as I am about it’s concepts, I still miss things.
What is going on with business owner’s is PANDEMIC! Property and casualty insurance strategies hold the key to change this. Not retirement accounts or tax deductions.
I am working with a client in Florida who told me their business would sell in ten years for around 10 million dollars. They are paying 350K a year in premiums. With the cost and lost opportunity of this money, they are losing close to 7 million dollars on insurance alone. THIS IS AN EXCEPTABLE PRACTICE AND EVERYONE JUST ACCEPTS IT! Their 10-million-dollar investment cost them 7 million in insurance cost alone. This was eye opening to the client and floored the CPA! Sounds like a horrible investment taking tons of risk, time, payroll, equipment costs and lots of hard work. Just by taking their premiums and redirecting some dollars, we were able to redirect 3.5 million dollars for the client with zero out of pocket cost, reducing his cost to 3.5 million and turning it into CASH. Not to mention creating a 13-million-dollar death benefit and DOUBLING his retirement income. I never talked about IUL’s or better rates of return. We are talking about sound economic strategies that give the client “CONTROL” of their finance and insurance costs. Best of all, it is ALL guaranteed. ZERO market risk!
Do you feel like you’re in control of your insurance cost, or is it the insurance company?
Over a few years, were able to create better coverage and move the major risk to the insurance company where it belongs. We lowered premiums and offered more flexibility, control, and MORE money. We put everything on our 4 pillars model and our discovery started from there.
I challenge EVERYBODY to watch this video. After the video, if you want a copy of the book, I can get it to you. If you want to talk strategy, let’s put some time on the calendar. I can promise you that it will change the way you look and think about insurance.
Do NOT fast forward, watch the whole thing. I thought it was a gimmick the first time I read the book. It literally has changed my life, and it is the reason I got into property and casualty insurance to work with business owners. It is PANDEMIC. If you knew you had cancer, would you get it treated? The answer is, of course we would. Your business has a cancer, but you probably don’t know about it. Your financial advisor is not going to talk about it because they do not understand property and casualty insurance. Your property and casualty advisors are not going to talk about it, because they do not understand sound financial advice and how to use industry products and strategies.
Here is the link to the video, and I can’t wait to talk more about what is ahead.
This is Nelson Nash – The Official Site for the Infinite Banking Concept – R. Nelson Nash
-Brent White