[Michigan Bowhunter]

Try this link at you tube. I used to sell this mortgage here in michigan and also other states. My primary targets were high income and high net wealth individuals who could use this mortgage product as a pass thru account to drive interest down. It is a first position HELOC. I placed this mortgage on my house and we are paying it off next year in July. Big party time here. Paying off $180 K in 5 Years. Not bad. No way we could have done it without this product. Our interest rate today is about 1%.

[CSM]

Stay away, for reference see my tagline...

This is nothing more than a repackaged whole life insurance policy. They are the equivelant of the payday lenders for the middle class. Any increased interest is miniscule when you consider your total wealth building plan.

It is hard to give you numbers without more details, however the package you are referencing is generally a bad product. Run your numbers and you will probably see that you gain enough each year to buy a pizza, but you lose so much on your true growth that you are getting hammered by the fees and commision...

[CSM]

Stay away, for reference see my tagline...

This is nothing more than a repackaged whole life insurance policy. They are the equivelant of the payday lenders for the middle class. Any increased interest is miniscule when you consider your total wealth building plan.

It is hard to give you numbers without more details, however the package you are referencing is generally a bad product. Run your numbers and you will probably see that you gain enough each year to buy a pizza, but you lose so much on your true growth that you are getting hammered by the fees and commision...

[smokingfrog]

It sounds like just a new way to sell whole life insurance.

[taxcontrol]

While a viable financial TACTIC, the strategy should be:

Live within your means
Protect against loss
Pay down debt
Establish an emergency fund (3 months of bills)
Save and invest disposable income via diversification

Over funding an insurance policy is one way to Save and Invest and since is different from stock/bonds, real estate, business portfolio, etc does qualify for diversification. However, it is the last of the 5 steps to financial freedom.

[crghill]

The concept is ok but not as good as it could be. I designed my own policy and got 90% cash value accumulation year one by adding a term rider. It cut the reps. Ommission so the rep wont tell u about it. Freepmail me if you want to know more.

[KarlInOhio]

They may have corrected this problem since I looked at it, but in their comparisons they assumed that you had a significant amount of money to initially fund their insurance, but that money disappeared in any comparison. I guess my options were to give them the money or set it on fire on my driveway so I started at $0 and had to borrow to do things like buy cars. Since the insurance plan therefore started out thousands or tens of thousands of dollars ahead, it came out way ahead in the end of their scenario.

I didn't want to do business with a company that tried to fool me that way.

[E. Pluribus Unum]

They advocate whole life insurance.

[Excellence]

Whole life insurance is the biggest scam ever perpetrated on a gullible consumer.