Debt Elimination Plan · using the Debt2Capital™ planning system
Get Out of Debt Faster, and Build Capital Along the Way
See all your debts in one place, mortgage included, and learn how redirecting money you already spend may help you pay them off sooner. No refinancing. No consolidating. No new bank loans. We never ask you to stop paying your debts.
Free · 30 minutes · No camera needed on your end · No obligation
Sound familiar?
You pay a little extra every month, but the balances barely move.
You’ve paid off a debt before, then a car repair or a new roof sent you right back.
You’re juggling a mortgage, car payment, cards or student loans and wonder if there’s a smarter order.
That’s often less about willpower and more about how payments are structured. A different structure can change the math.
Book your free strategy call
30 minutes. I call you and share my screen. No camera on your end.
THE PLAN
How Debt2Capital™ Works
Personalized Debt Elimination Report
A personal plan is designed based on your current debts, showing exactly how and when it is time to pay off each debt.
Make Your Money Make Money
Using a modified debt snowball, build tax-advantaged cash accumulation inside your plan.
Accelerate Debt Repayment with Your Policy’s Cash Value
Use the cash accumulation inside your insurance policy to take loans from yourself and pay off debts much faster.
Enjoy Financial Freedom Much Sooner
All debts are paid off much sooner, allowing you to save thousands in bank loan interest and build capital long after all debts are paid off, to help cover future and inevitable purchases.
What the snowball looks like: We sort your debts from lowest to highest balance and pay off the lowest balance first. You receive a scheduled payoff timeline (month and year) showing when each debt can be paid off using capital built inside the plan. As each debt is paid off, the following month its minimum payment is redirected to your plan to help pay off the next debt sooner.
THE NUMBER THAT SURPRISES PEOPLE
Effective Interest Cost (EIC): Where Your Minimum Payment Really Goes
goes to interest
EIC is the amortized portion of a minimum monthly payment that goes to interest only.
If the EIC on your debts is 63%, then $0.63 of every dollar of your minimum payment goes straight to interest, not toward paying down what you owe.
- Interest (63¢)
- Principal (37¢)
This is where the plan helps: it is designed to redirect where your extra dollars go. On your call we calculate the EIC on your debts.
The 63% figure is an example only, not your number or a promise of results.
Is this a fit for you?
- You have 3+ debts (your mortgage counts)
- You’re roughly 30 to 59
- You already pay, or could pay, a little over your minimums
- You’re in generally good health (a health questionnaire is part of the process)
- You have a clean driving record
Not sure? Book anyway. Knowledge is power!
If it isn’t the right fit for you, you’ll at least know what’s possible, and it may be a great fit for a family member or friend who could benefit from it.
Your free strategy call: what to expect
Pick a time
Choose a 30-minute slot that fits your schedule. Knowledge of your interest rate for each debt is all you need. No paperwork.
See your numbers
I’ll call you and share my screen. You’ll see your debts in one place and your estimated debt-free date, interest savings and the capital that may build. You can see me and my screen. I can’t see you.
Decide on your terms
Ask questions, take your time, talk it over with your spouse. Your custom report can be emailed to you after the call.
What Makes Debt2Capital™ Different?
One Integrated System
Your debts, payoff schedule and policy values live together in one planning system, so nothing is scattered across spreadsheets.
Verified, Up-to-Date Numbers
Debt balances are verified with soft credit inquiries (no effect on your score) and policy values come from the carrier, so your plan reflects real numbers.
Timely Payoff Alerts
Email and text notifications let you know when it’s time to pay off a debt, so you stay on schedule.
Debt Reduction and Capital Creation
Beyond paying debts off, the cash value inside your policy is designed to keep growing after you’re debt free.
ONE CLIENT’S PLAN
Real Case Study
Total debt with interest, without the plan
Total debt with reduced interest, with the plan
Total interest saved with the plan
End-of-plan accumulated cash value (at 9 years 3 months)
Everyone’s results will be different based on what they owe and what they can afford to budget towards eliminating their debt. Figures are from an actual client plan, and results are not guaranteed.
BLG showed us a way to eliminate all of our debt in less than half the time it would have taken us to do it on our own.
Debt elimination questions
Is this debt consolidation or refinancing?
No. You only make minimum payments on your debts and there are no new bank loans. We help you redirect where your extra dollars go.
How is this different from just paying extra on my debts?
Doing it on your own will leave you with zero once all debts are paid off. With this debt elimination plan, all the cash accumulation inside your policy will continue to grow long after you’re debt free.
Will this affect my credit score?
In order to run your personal report, a “soft” credit inquiry is made, which does NOT affect your score in any way. Paying off debts early may actually help your credit over time, but results vary.
What about taxes?
Policy loans are not taxable income while the policy stays in force. If a policy lapses or is surrendered, withdrawals may have tax consequences. Consult your tax advisor, if needed.
What do I need to bring?
Just the interest rate on each debt.
Is anything guaranteed?
The policy has a 3% guaranteed minimum interest rate. Dividends may be paid when available but are not guaranteed. Your personalized report shows both guaranteed values and illustrated values.
How do the policy loans work?
As cash builds inside your plan, a loan is taken to pay off each debt. The following month, that minimum payment is redirected to your plan to not only reduce the collateral against your death benefit, but also used to repay the loan taken. Loans do not reduce the plan’s cash value, which allows it to keep compounding and build over time. Any unpaid loan balance and interest at death reduces the death benefit paid.
How much does this cost?
There is no fee for your personalized report and no fee to help you put your plan in place. If you move forward, your plan is funded through policy premiums, which we review together on your call.
Who qualifies?
The plan works best if you have 3 or more debts (your mortgage counts), are roughly 30 to 59, and already pay, or could pay, a little over your minimums. A health questionnaire is part of the process, and approval is determined by the carrier’s underwriting.
Can my friends and family benefit from this?
Of course! I love referrals and would be happy to provide them with their own free personalized report.
Can I use money from an existing policy or annuity?
In some cases, a 1035 exchange may allow a lump sum from an existing policy or annuity to fund your plan. Ask about it on your call.
Important information. Debt2Capital™ is a structured planning system, not debt consolidation, refinancing or credit repair. The whole life policy is issued by GBU Life. It has a 3% guaranteed minimum interest rate; dividends are not guaranteed. Policy loans use the death benefit as collateral until repaid. Optional riders may be added at an additional cost. Case study figures are from an actual client plan, and your results will vary. This is not tax, legal or investment advice. Living benefits are available on policies with death benefits greater than $100,000. Using them will reduce the death benefit.
Book your free strategy call
30 minutes. I call you and share my screen. No camera on your end.
Bring: the interest rate on each debt.
Learn More: Debt Elimination Articles
Two good places to start if you want to understand how a structured plan works before you book a call.
Being Debt-Free Sooner Than Later Is Possible Without Refinancing or Consolidating
Learn how a structured plan can help you pay off debt sooner without refinancing or consolidating, while building savings along the way.
Read the articleDebt2Capital™ Case Study
Follow an example of how one couple worked through credit cards, auto loans and a mortgage, one debt at a time, with a structured plan. Example for illustration only; individual results vary.
Read the case studyReady to see your numbers?
Book a free 30-minute call. All you need is the interest rate on each debt.