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Life Insurance As An Investment

The Four Steps To Financial Freedom - Sean Toh

Step1 - The road to financial freedom is to have great health so that you are in good shape to learn.

Step 2 - An open mindset to start learning and practicing what you have learned.

Step 3 - Investing your time in your financial & health education so that you are in control of your life to create wealth to enjoy a better life.

Step 4 - Enjoy the wealth that you have created because you have been taking care of your health.

4 Steps To Financial Freedom (2007 edition) Sean Toh

4 Steps To Financial Freedom reveals the philosophies and secrets of Sean Toh's financial journey in creating wealth for himself. Here you will learn proven principles and timeless wealth building techniques, as well as simple, practical, and proven financial strategies used by thousands of people to create a life of abundance. By starting to practice these four steps, you will change you life. Make the decision now to take the necessary actions to embark on this journey of creating wealth for yourself.

The 4 Steps to Financial Freedom consist of:

Step 1 - Get Healthy and Strive for Great Health
Step 2 - Adopt an Open Mindset to Learn
Step 3 - Invest Your Time in Financial and Health Education
Step 4 - Enjoy the Wealth that You Have Created

You will also learn why financial education is directly linked to your financial destiny. Sean Toh shows you how to get financial education and how you can teach yourself to create and preserve your wealth. He explains the different types of incomes and how you can design a simple model for yourself to take action on so that you can start to see some financial success.

Embark on your financial education today to reach your financial destiny faster!

More information about Sean Toh: www.4stepsfinancialfreedom.com

Can be ordered or purchased from Amazon!



	Term insurance provides coverage for a pre-specified period. For example, term insurance is designed to protect a mortgage or provide income for your family in case of your death. You pay the term insurance premium each month and as long as you pay the premium your policy will stay in force. Term insurance provides coverage for a pre-specified period. For example, term insurance is designed to protect a mortgage or provide income for your family in case of your death. You pay the term insurance premium each month and as long as you pay the premium your policy will stay in force. Once the contract reaches maturity (usually in 10 years) you need to renew your policy at a higher price. If you die while you're paying the premium your estate gets a large sum of money. In contrast, permanent or whole life insurance remains in force until you die. You pay the premium on a monthly basis for a pre-specified term, which can range between 10 to 20 years. A portion of your monthly payment pays the insurance and the life insurance company that provided the insurance invests the remainder. Eventually you don't pay any premiums but your estate still receives a large payment upon death. Whole life polices have been criticized because their investment returns are low. Thus you were often advised to buy life insurance protection with a term policy and invest the difference between term and whole life payments in a separate investment vehicle, such as mutual funds, stocks, or bonds. Once you have built up a large pool of assets you don't need the insurance because the assets will provide security and stability in the event of an unexpected death. However, there is a new, more flexible product called universal life insurance. While the life insurance company controls the savings in a whole life policy, the savings in a universal life plan are owned and controlled by the policyholder. Insurance companies offer a large variety of investment options for this savings component, including mutual funds. Thus, you have the ability to meet your life insurance needs and increase your return on investment. The major advantage of a universal life policy is tax-advantaged growth. When you pay the policy premium, a portion of the premium pays for the insurance and a portion is invested. However, when you are ready to withdraw the money from your investment, your cost basis ( the portion not subject to tax) is higher with a universal life policy. The cost base for a universal policy is equal to the sum of all your premiums - the amount of money you have invested plus the money you have used to buy life insurance. This is very useful because increasing your cost base will ensure you pay less tax once you sell your investments within the universal life policy. Universal life insurance provides a powerful combination of life insurance and tax-advantaged investment opportunities. Investors should realize that universal life insurance premiums work twice as hard as other premiums. They should also know that choosing the right product is an important element in the overall success of this strategy. Finally, the benefits of this strategy are magnified if you are in a higher tax bracket. By Tony Reed About the author: Tony Reed is the author of "Life insurance as an investment", please visit his website Life Insurance for more information.

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