The Two Things That People Today Never Regret Doing

Guest Contributor: Peter J. Merrick, TEP

Website: EXIT WITH SUCCESS - EXPERT IN CROSS-BORDER RISK

The Two Things That People Today Will Not Regret Doing: One is choosing not to have participated in the global experiment and taken the jab—this is something I can't write about on this site because that topic is not allowed to be discussed here. The second is that after someone dies, none of the beneficiaries of the deceased's life insurance ever complain that someone had too much life insurance.

In the investment world, there's a secret sauce that Warren Buffett loves, and that's precisely why he's drawn to publicly traded life insurance companies as a cornerstone of Berkshire Hathaway's investment portfolio. Learn Why?

Through my extensive discussions with financial experts over the past few years, we have discovered the ingredients in Buffett's secret sauce. Together, we have found that you can tap into a similar vein of profitability with participating life insurance policies from mutual life insurance companies rather than purchasing life insurance companies that are traded on a stock exchange. This strategy stands out for those aiming to secure not just returns but substantial, safe ones.

After Buffett's strategic moves, it's crucial to delve into an aspect that truly sets mutual life insurance companies apart: the mechanics of policy lapses. When a policyholder discontinues premium payments, leading to policy termination, it's not merely an administrative hiccup. These lapses contribute significantly to enhancing the returns within the policies, providing a substantial bump in dividends that other investments can't match.

This mechanism is the secret sauce Buffett relishes - a unique feature that boosts profitability in a way that only those in the know can comprehend. This can be compared to participants of an elite football betting pool who stick it out until the end of the season and win the Super Bowl - you take home the prize and the pooled money. This is exactly what happens to owners of participating life insurance policies that have been issued by mutual life insurance companies. They become the owners of the casino, like Warren Buffett.

This nuanced advantage of participating in policies in mutual life insurance companies allows them to stand above other financial alternatives. The profits generated from policy lapses don't vanish but are instead redistributed to the remaining policyholders in the form of increased dividends. This dynamic, paired with the tax advantages sanctioned by the government, positions mutual life insurance not just as a superior investment but as an unmatched one for long-term growth. The longer you hold onto a policy, the better the payoff, with the added perks of tax-free growth, tax-efficient access to your funds, creditor protection, and tax-free inheritance for your heirs.

Participating in mutual life insurance company policies is your chance to play the investment game with the odds stacked in your favour, ensuring you're always the winner, not just a player, because you are the owner of the company.

To explore how you can leverage the same strategic advantage, set up a complimentary introductory meeting with Peter J. Merrick by CLICKING HERE.

About the author. Peter J. Merrick, TEP, is a Commentator/Keynote Speaker & Expert in US/ Canadian/International Cross Border and Estate Planning and Insurance & Annuity Planning - Author of The Business Novel - The King of Main Street. To read reviews, please click here.

Who is Peter J. Merrick, CFP, TEP?

Over three decades, Peter specialized in de-risking and saving his clients up to 40% of their wealth that would have otherwise been paid out because of poor planning. These proven solutions effectively shelter income, reduce taxes on income and estates and defer or eliminate tax on investments and creditor-proof assets for domestic and international clients.

Peter is also an author.

Peter has written three comprehensive LexisNexis business, legal, tax, succession and estate planning textbooks. For 18 years, Peter wrote a column for LexisNexis called "The Bottom Line," one of the largest professional tax and accounting publications.?Peter was also a university and college finance and financial planning lecturer for over 12 years.

In 2019, Peter relocated to San Diego, California, from Toronto, Canada. Right now, he sees a number of wealth-saving opportunities resolving long-ignored issues for Canadians in corporate planning, cross-border US and international planning, financial, philanthropic, and estate planning implementation, utilizing Canadian/US Life Insurance and Canadian/US Annuity strategies.

Peter works with high-net-worth individuals and their legal, tax and financial professionals performing Canadian estate freezes and terminal tax planning, as well as those who seek to relocate to the US or have financial interests in the US from places like Canada and other national jurisdictions.

It is absolutely essential that you partner with and work with an expert familiar with the Canadian Income Tax Act, the IRS Tax Code, and US/International Tax Treaties before implementing any strategy in the areas of Canadian estate freezes, terminal tax planning, and cross-border planning.

Let's set up a complimentary introductory meeting with Peter J. Merrick to review your policies by CLICKING HERE.

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