For decades, people have been able to create wealth by financing the purchase of their homes and/or commercial property. Banks provide, in many cases, 70%-90% of the money needed to make the purchase, with requiring as little as 10%-30% down.
The “Financed Wealth Creation Program” (FWCP) finances a life insurance policy. Many successful high net worth individuals and families have utilized this unique program to build substantial tax-free wealth for their families and/or charities adding to their legacy.
FWCP financing provides the ability to create wealth creation and estate, charity, and business planning without requiring the expenditure of out-of-pocket dollars used to pay premiums or expenses for interest payments. The client’s cash flow and/or investments need not be touched to fund the insurance policy. In other words, the client’s investment portfolio can continue to grow and their estate is protected at death. Moreover, there is no gift tax associated with payment of large premiums because the money is now financed rather than paid out of the estate.
