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My Self Lending

My Self Lending2024-04-16T12:37:43+00:00

FINANCIAL FREEDOM FROM THE TEAM BUILT ON SUCCESS

Take control of your finances with the My Self Lending Program

Take control of your finances with the My Self Lending Program

Individuals, entrepreneurs, investors, and business owners understand the importance of access to capital. Moreover, they understand the difficulties in acquiring new capital. As banks become more fearful of the current economy and the global health restrictions, it becomes less likely that loans can be obtained. Intelliplan has a unique solution to these financing issues, My Self Lending.

Individuals, entrepreneurs, investors, and business owners understand the importance of access to capital. Moreover, they understand the difficulties in acquiring new capital. As banks become more fearful of the current economy and the global health restrictions, it becomes less likely that loans can be obtained. Intelliplan has a unique solution to these financing issues, My Self Lending.

Introducing Intelliplan’s My Self Lending Program

My Self Lending is Intelliplan’s unique self financing solution. Leveraging the tried and true Bank On Yourself®  system, you can harness the true cash value of your own life. Using little known riders, we can implement a personal, Dividend-Paying Whole Life insurance policy that allows you to take advantage of powerful LIVING BENEFITS, which includes self lending!

What are the “Living Benefits” of the My Self Lending Program?

In addition to the Death Benefits of a life insurance policy, the My Self Lending policy brings tremendous benefits to the policy owner while still living.

Incredible Tax Benefits

Permanent life insurance offers many tax advantages, including tax-deferred growth on cash value accumulation, tax-free access to your cash value, and income tax-free distribution of death benefits, under current tax law.

Though they are not guaranteed, the insurance companies recommended by Bank On Yourself Professionals have paid dividends every single year for well over a century. You can choose to take the dividends in cash, use them to pay back a policy loan, or use them to purchase additional insurance (known as paid-up additions) that increases the death benefit and cash value of your policy.

The cash value you accumulate is an asset on your balance sheet. You may borrow against the equity in your life insurance policy, using the cash value and death benefit as collateral, at any time and for any reason.

Incredible Tax Benefits

Permanent life insurance offers many tax advantages, including tax-deferred growth on cash value accumulation, tax-free access to your cash value, and income tax-free distribution of death benefits, under current tax law.

Though they are not guaranteed, the insurance companies recommended by Bank On Yourself Professionals have paid dividends every single year for well over a century. You can choose to take the dividends in cash, use them to pay back a policy loan, or use them to purchase additional insurance (known as paid-up additions) that increases the death benefit and cash value of your policy.

The cash value you accumulate is an asset on your balance sheet. You may borrow against the equity in your life insurance policy, using the cash value and death benefit as collateral, at any time and for any reason.

With a permanent life insurance policy of the whole life variety, your cash value is guaranteed to grow by a guaranteed amount every year, and to never decline in value. It contributes to your financial security with stable yet consistent growth that supports your financial goals.

You can use your permanent life insurance cash value to supplement your retirement income without the requirements, penalties or limitations that apply to 401(k) and IRA retirement accounts. You have several choices, including receiving your dividends in cash, surrendering paid-up additions that you purchased along the way, or taking policy loans.

Life insurance cash value is one of the few assets not considered in federal college financial aid calculations. Families with college-age children who have permanent life insurance policies not only can use the policy’s cash value (via policy loans) to pay college tuition and housing expenses, but also might benefit from greater financial aid opportunities, compared with families with a similarly-sized 529 Plan.

Some states allow insurance companies to offer hybrid policies that include a long term care features, along with the regular death benefit.

With a permanent life insurance policy of the whole life variety, your cash value is guaranteed to grow a guaranteed amount every year, and to never decline in value. It contributes to your financial security with stable yet consistent growth that supports your financial goals.

You can use your permanent life insurance cash value to supplement your retirement income without the requirements, penalties or limitations that apply to 401(k) and IRA retirement accounts. You have several choices, including receiving your dividends in cash, surrendering paid-up additions that you purchased along the way, or taking policy loans.

Life insurance cash value is one of the few assets not considered in federal college financial aid calculations. Families with college-age children who have permanent life insurance policies not only can use the policy’s cash value (via policy loans) to pay college tuition and housing expenses, but also might benefit from greater financial aid opportunities, compared with families with a similarly-sized 529 Plan.

Some states allow insurance companies to offer hybrid policies that include a long term care features, along with the regular death benefit.

“I am putting a lot away for retirement. Is there a better way to leverage my savings now?”

“I am putting a lot away for retirement. Is there a better way to leverage my savings now?”

With the Intelliplan My Self Lending Program, you can dip into your long term funds and use them as you wish. For business or personal, these amazing plans allow total financial flexibility.

Pay Out Dividends with a Better Whole Life Policy

Whole life policies have a guaranteed annual cash value increase. These guaranteed increases are based on a “worst-case” financial results scenario projected by the insurance company.  In a participating policy, at the end of the year, the company does an accounting of the death claims paid, their earnings, and the expense of running the company and the premiums it collected.  If they did better than their worst-case projection, they pay the policy owners a dividend.

Start using this policy to provide yourself with a guaranteed, predictable, tax-free income in retirement.

Loan Yourself Real Cash From Your Living Benefits

One of the great “living benefits” of a whole life insurance policy is that you build up cash value which you can access as needed – for emergencies, to make major purchases like cars and vacations, for a college education, business expenses and/or to fund your retirement.

You are actually borrowing against your cash value and using the cash value and death benefit of your whole life insurance policy as collateral for the loans.  If you don’t pay your life insurance loans back, they will be deducted from the death benefit (along with any interest due) before the company pays out the claim.

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INTELLIPLAN FINANCIAL

670 Morrison Rd., Suite 210
Gahanna, OH 43230

(614) 255-7547
hello@intelliplanfinancial.com

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