What is the difference between a variable whole life policy and a universal whole life policy?

Answer 1

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What is Bank On Yourself?

It’s a specially designed dividend-paying whole life insurance policy that will beat the pants off your traditional investment and savings strategies.

Yes, we said whole life insurance - Get over it!

Blindly following the advice of Wall Street and financial “gurus” such as Dave Ramsey and Suze Orman got you where you are. Are you happy with the state of your finances? Do you still believe their fairytale, “Buy Term (insurance) and Invest the Difference?”

The simple truth is that millions of Americans are hurting. They’ve lost upwards of 50% of the hard-earned savings they hoped would carry them through their retirement years in well-deserved comfort and security. Now, they’ll likely be working the rest of their lives. Bank on Yourself lets you safely grow and protect your hard-earned money.

Still reading? Good. Let’s talk about how this type of life insurance can be used to accomplish a wide range of financial goals.

    The highest form of ignorance is to reject something you know nothing about.”

    – Dr. Wayne W. Dyer

Conventional wisdom says that you have to die to “win” with a life insurance policy, but the financial benefits of a custom-designed Bank On Yourself policy — while you’re alive — make it something you need to hear about. The fact is that this is a type of policy that fewer than one in 1,000 advisors fully understands. Designed properly, a Bank on Yourself plan gives you peace-of-mind, guaranteed growth, safety, and more flexibility than any investment or savings program we’ve ever found. Compare them for yourself.

It’s not the fault of pundits like Dave Ramsey or Suze Orman (or 99% of financial advice givers). They, like most financial advisors, don’t know any better. We are so confident that they’ll come around once they understand the power of this plan that we’ve reserved a special place for their endorsements along with the trusted experts who have already endorsed Bank On Yourself.
What is dividend-paying whole life insurance?

With a dividend-paying whole life policy, you receive a pre-set and guaranteed increase every year. Neither your principal nor your gains are lost when the stock or real estate markets tumble.

The growth in this type of policy is exponential, meaning it gets better every single year, simply because you stick with it, rather than jumping from one “hot” investment to the next.

You may also receive a dividend, which, while not guaranteed, has been paid out every single year for over 100 years by the companies preferred for Bank On Yourself plans – including during the Great Depression.
A Bank On Yourself policy has two additional features:

   1. Bank on Yourself graphA special rider is added that puts the growth of your money in the plan on legal steroids and significantly increases the amount of money you have in the plan available to use, especially in the early years of the plan. Even over the long term, the value of a traditional whole life policy (the kind most financial advisors and “gurus” like Suze Orman and Dave Ramsey talk about), will never catch up with a properly designed Bank On Yourself policy.
   2. A feature that allows you to borrow your money in the policy to buy something or invest somewhere else, while your plan continues to grow as though you never touched a dime of it.

This gives you many advantages over borrowing from a 401(k) plan or IRA, or using a savings or money market account.

When you borrow from your Bank On Yourself plan to make a major purchase (like a car, vacation, home repair or business equipment), and then pay the plan back with interest, you can ultimately get back every penny you paid for those items, plus the interest you were previously paying to financing institutions, and then some. It beats financing, leasing or even directly paying cash for things by a long shot.

Bank On Yourself is not a magic pill. It does take some patience and discipline. However, if you have those traits and don’t live beyond your means, the results can be remarkable.

Out of more than 1,500 major life insurance companies, only a handful even offer a policy with all the features needed for a Bank On Yourself plan, which is one reason most financial advisors are not familiar with this kind of policy.

Because this type of policy is so rare, it is not taught in most insurance industry training programs. We’ve trained and certified just a few hundred hand-selected advisors who completely understand the step-by-step process for creating a Bank on Yourself plan that helps you reach your goals. Our company was started with the mission of making this powerful system available to more people.

If you’re still skeptical, we invite you to compare your best saving or investing strategy against the 18 key advantages and guarantees of Bank On Yourself. Bank on Yourself founder Pamela Yellen has a standing offer to pay $100,000 to the first person who can match or beat it.

More than 100,000 Americans of all ages, incomes, and backgrounds are already using Bank On Yourself to reach a wide variety of short-term and long-term personal and financial goals and dreams. Don’t take our word for it – listen to the stories of people just like you who are enjoying the benefits of Bank on Yourself.