Playing Financial Defense
- David Befort
- Mar 17
- 2 min read
Updated: Mar 21
You’ve heard the quote:
“Offense wins games, defense wins championships.”
Why then, when it comes to our finances, are we taught only to focus on offense and not defense? Why are we taught to chase a “high rate of return” (offense) yet are not taught how to reduce or eliminate taxes, fees and interest payments (defense)?
What if you could recapture the interest you pay to outside creditors? What if you could give every dollar more than one job? What if your money could enjoy uninterrupted compound growth and yet still have the ability to access it tax-free for opportunities that come along?
This is the power of a specially-designed whole life insurance contract. Your money has to reside somewhere. Why not save and grow your capital in a place that earns hundreds of times more than the banks pay, provides protection from creditors, eliminates risk, and offers tax-free access to the money your money earns?
It’s not the only part of the financial game we need to play. But it’s the foundation. Once that foundation is built and your capital is safe, then you can start looking for opportunities to put those dollars to work in two places at the same time.
Fortunately, our Community offers many great opportunities for Members to put their hard-earned capital to work inside our Community. And many of my clients do exactly that with the capital they have first accumulated inside of their specially-designed whole life insurance contracts. They get to multiply the use of every dollar they have accumulated and earn growth on the same dollar in two places: inside of their whole life insurance policy and inside of the Commonwealth.
Many of my clients have found yet another benefit from their whole life insurance policies: utilizing their future death benefit to create an income stream for them today. But that’s an article for another time.
If you want to discover more about anything mentioned in this article, check out the resources on my website below and schedule time with me.
Cheers,
IBC Practitioner
Comments