TRD Insurance Banking is a process of using dividend payment from whole life insurance as a boost for your savings. By using whole life insurance, your savings are guaranteed to grow tax-free and participate in the profits of the Insurance Company through a dividend. The concept of TRD Insurance Banking is about strategically using participating cash value of whole life insurance from a mutual insurance company as a personal banking system. In other words, you can take control of your financial lives by becoming your own banker.
To easily understand this concept, examine a scenario that is in fact a lot of people’s reality. Over the course of some people’s lives, lots of them pay tons of interest to creditors on all manner of loans, ranging from mortgages to cars, credit cards and college loans. All these lost interests, and the interest on that interest, and the one on another represents a tremendous drain on individual’s wealth. It’s like sipping out of a long straw. This is the reality for a lot of people.
Instead of taking out loans, they would have aggressively saved money within a certain type of life insurance policy, thereby are able to fund these purchases from that policy, which is theirs, and pay the policy back, rather than paying to the bank. This completely removes the need for interest of any kind. Thus, you are retaining the interest within the cash value of your own life insurance policy, rather than paying off the bank. The point here is, why enrich the bank, when you can enrich yourself, with your payments going back to enrich you or your heirs, when the policy pays off at your death.
Put differently, TRD Insurance Banking takes over what bank does to a different level and beats it down to a small scale such that each person can handle it. This has been a strategy of the very rich for decades. They put money into life insurance policies for themselves, family members or key beneficiary in their lives to create a form of security blanket.
Most important aspects of TRD Insurance Banking are to build wealth and improve financial stability.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form