Tuesday, September 17, 2013

Life Insurance Awareness Month (LIAM) Contest

We have tried to challenge and inform the readers about LIAM and the role Life Insurance plays in America today.
Here is another Challenge
Can you name two massive companies and the company founders that either started their business or  saved their business using the cash value found in their Life Insurance policies.

Disney
 Walt Disney helped fund Disneyland in California using cash from his personal life insurance policy

J. C. Penney
James Cash Penney saved his business in the great depression by meeting payroll with the cash value in his life insurance policy. Yes James Cash  Penney was his real name

In fact it  was the life insurance industry that help put the banks back on their feet during the Great Depression

Another example is the founder of The Pamper Chef  helped found the company using her cash value Life Insurance

There is no doubt that many other companies owe their survival to the Cash value within a life insurance policy.

When properly structured and funded  the income taken from a cash value Life insurance policy comes out 100% Income Tax free

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