Sale of the Century

What if you were walking down the street and saw a storefront sign that advertised “MONEY…ON SALE!”

Would you keep walking?

What if you could buy $100 for $1? And that $100 was guaranteed and tax-free?

Would you slow down your pace and consider taking a closer look?

Seems like a pretty good bargain…even seems a bit illegal.

What if you took a closer look and realized that this was indeed possible and very legal?

You’ve stumbled upon the sale of the century!

Allow me to explain further…

First, unfortunately there is no establishment that I know of that will gladly give out crisp $100 bills for a loonie – that would be too good to be true.

What I am talking about here is life insurance.

Simply put, life insurance is money that you buy at a discount, and it’s also tax-free.

A 35-year-old woman in good health can purchase $500,000 of life insurance for $15.84/month. This woman just bought $500,000 of tax-free money for about $15 a month, and the younger you buy it, the cheaper it is.

Sounds like a pretty good deal to me.

It’s easy to understand how life insurance works when it’s broken down to its simplest form: How much and what do I get in return?

You’re trading less money for more money to protect yourself, your family, or your business (or all three.)

Typical uses for life insurance include:

• Estate planning: Ensuring any taxes payable on death do not have to be paid by your estate
• Mortgage protection
• Family protection: Spousal income, child protection, funding post-secondary education
• Buy-Sell Agreements: Business partners often purchase life insurance on one another; if one partner passes away their portion of the business can easily be purchased by the other partner using the life insurance funds

It’s not as complicated as it seems and it’s worth taking a second look – you won’t find a better sale than this.

Image courtesy stock.xchng.