MPI® is permanent life insurance, meaning it has no expiration date. Unlike term insurance, it is 100% guaranteed to pay out to your designated beneficiaries, as long as the policy remains in-force. This guarantees that no matter the age at death, spousal and family financial protection is part of your life. In addition, generational wealth can be achieved in your family and/or transferred to other people and causes that are important to you. Your beneficiaries will receive the proceeds of your policy that can be used to pay off debts like a mortgage or credit cards. It also allows you to have confidence to live your best life, knowing that your funeral expenses will be taken care of and that your passing will not be a financial burden on your family. MPI® is designed as an Increasing Death Benefit meaning your beneficiaries will receive both your cash value & your life insurance combined. Various financial influencers suggest you only get either the cash value or life insurance but with MPI®, your beneficiaries will receive both.
They also suggest permanent insurance is “expensive” and advise to “buy term, invest the rest” as a more cost-effective strategy. However, that philosophy is also falsely premised on the condition that by the time someone is 65, they are self-insured (meaning you have sufficient savings to cover any and all expenses as well as leaving the legacy you want). Few actually fall into a category of financial prosperity at death, much less during life and this is the reason permanent insurance is one of the most value assets you can have to guarantee your best future and that of your family.
MPI® is based on tax-code §7702(a). Although §401(k) offers great immediate tax advantages, further research indicates that §7702(a) provides even better tax advantages for tax-free retirement income, long-term wealth accumulation and legacy planning. MPI® is a post-tax system (as is the Roth IRA) meaning funding is from money on which you’ve already paid tax. Because funding is with post-tax dollars, the code allows all MPI® distributions and retirement income to be 100% tax-free, free from capital gains tax on all the compounding growth of your money, and tax-free transfer to your beneficiary. MPI® is built to protect yourself from future increases in income taxes that you are exposed to with a 401k and IRA. At present, this is the most tax efficient vehicle for long-term Compounding, retirement income, and Legacy Planning.
Secure Compound Interest!!! Not only does MPI® have the guaranteed security of the 0% Floor, but also a “Growth Lever” to maximize your hard-earned savings. Compound Interest is money making money making money and to do it securely provides everyone with the opportunity to achieve wealth. In order to achieve Secure Compound Growth, the risk of losing money must be eliminated, which is accomplished with the Security Lever mentioned above. In order to Compound your money, MPI® receives interest credited off the S&P500 up to a maximum cap of around 10-15% historically. This method of retirement planning focuses on maximizing singles and doubles, constantly moving forward and winning on Compounding rather than going for the home run/ strike out method of traditional investing. Focusing on protecting AND growing Compound Interest will outperform home runs and strikeouts over a long period of time.
Throughout the past fifteen years of tremendous volatility, the 0% Floor Security and credits off the S&P 500 with a cap method has outperformed the majority of other financial plans built inside the stock market rollercoaster. Many advisors caution to “watch out for Floor/ Ceiling systems” because “you might miss out on the home run of the stock market.” They are correct, yet that is merely one chapter in a long novel of retirement planning. As mentioned, slow, steady, and secure is the path to optimizing Secure Compound Interest because MPI® never takes losses due to market volatility while having the potential of growing similar to stock market.