Buckeye Life Group will show you a way to totally and completely clear all of your debt quickly while building long-term financial security. The Debt Free 4 Life™ program employs a specially designed insurance contract that allows you to effectively accumulate wealth to pay off ALL your debts in a fraction of the time- and stay our of debt forever. We can achieve this through ‘compound interest’ and a ‘debt snowball’ method. This money is accessible tax-free.
How Debt Free 4 Life™ Works
Our process is uncomplicated yet very powerful. We identify a list of all of your debts. Then identify your current debt balances, minimum payments, and interest rate for each debt. We also discover what your Effective Interest Rate (EIC) is… more on that later. Then we line up all of your debts from lowest to highest balances. Any kind of debt that is being charged interest, like credit cards, student loans, auto loans, personal loans, mortgages (and more), works great for this plan! The more debt, the better!
Next, a budgeted fixed monthly contribution is scheduled to be placed into their specially designed insurance contract (SDIC). This plan compounds interest right out of the gate and grows tax-free. This plan utilizes a life insurance contract that helps you accumulate wealth. It also includes a guaranteed death benefit should the unexpected occur. Once there is enough cash value in the plan to pay off the first and lowest debt, the client and agent are notified by text. Then the agent contacts the client and helps them pay off that debt with the carrier via a non-direct loan. All of this is done without having to apply through the traditional credit channels or requiring credit checks.
Here’s where it gets really good… Once a debt is paid off, the minimum payment the client was paying to the creditor is then ‘redirected’ to their DF4L™ plan. This is done to not only pay back the loan that was just made to pay off the debt, but also allow the cash accumulation to “snowball” so the next debt can be paid off much sooner. This plan is not a magic bullet, nor is it a debt consolidation plan… it takes time (depending on how many debts you have as well as a commitment to stick to the plan without adding additional debt along the way.
Your Effective Interest Cost (EIC) is keeping you out of debt!
Most Americans are simply making minimum payments on their debts. Each of those debts is being charged an interest rate (that’s how lenders make money). This keeps the debt growing faster than the debt is being repaid… thus making it near impossible to pay off a debt in a reasonable amount of time. Your EIC is the sum total of interest you pay on your combined debt. Technically speaking, it represents the actual cost of borrowing money. For example, if a person’s EIC is 50% (which is a very common EIC), that means every dollar of their payment is going directly to the lender, not paying off their debt.
Your Benefits Await You!
- Speedy debt elimination: By tapping into the cash value growth of your policy, you can significantly reduce the time to pay off all your debts compared to conventional means.
- Tax Benefits: As the cash value of your policy grows, policy loans are taken tax-free. This dual benefit promotes both debt repayment and savings.
- Compound Interest: Your cash value is never ‘reduced’… When a loan is taken to pay off a debt, the loan is made through a “non-direct” loan—meaning no money is never taken out of your account. Rather, when a loan is taken, the funds come from the insurer’s general fund as a loan to you, and they use the plan’s death benefit as collateral. This is true money arbitrage—earn money as you borrow money!
- Never go back in debt: Once you are totally debt-free and you have paid off your last loan, all the money contributed and accumulated in the plan can be used for any purpose in the future, so you never have to go back into debt again!
- Proprietary Software: This plan is customized, built and managed through a proprietary DF4L™ software that monitors a client’s case and progress in real time, creates customized reports for payoff schedules and effective interest cost calculations, provides client notification when it’s time to pay off a debt (eliminates any guess work), and utilizes a proprietary SDIC (specially designed insurance contract) that was created specifically for the DF4L™ program.
Eligibility for the Program
The Debt Free 4 Life™ program is not for everyone… meaning if you have less than 3 debts, the plan will not look as impressive compared to plans with more debt. This plan greatly favors those with several debts who want to get out of debt in a fraction of the time! In addition, since the plan is managed through an SDIC, the individual does have to health qualify to participate. If you can qualify for a term or whole life plan, then you should be good to go!
And There’s More!
Life can turn around fast, especially when dealing with a critical, chronic, or terminal health condition. Due to the Debt Free 4 Life™ plan utilizing an SDIC, the plan not only helps you pay off debt in a fraction of the time and pay out a lump sum, tax-free, non-probate death benefit, but also can protect you while you’re alive. All plans will help you financially cushion the burden if ever diagnosed with a critical, chronic, or terminal illness—providing access to some of the death benefit while alive and keeping your legacy intact.
Total Program Clarity & Considerations
Apart from all the benefits listed above, one must be aware of potential drawbacks:
- Long-term commitment: These plans are designed to have life-long coverage to provide financial protection to not only eliminate all debt but also stay out of debt forever.
- Qualifications: If you have a poor health history over the past several years, you may not qualify for this plan. For married couples, if this is the case for one spouse, we may be able to do the plan on the other spouse.
- Guarantees: Plans are designed to offer guarantees, not just estimations.
Why Choose Buckeye Life Group?
There are not many agents or agencies that offer Debt Free 4 Life™. We call it the best-kept secret to helping people totally and completely eliminate all of their debt in a fraction of the time AND stay out of debt forever. In addition to DF4L™ debt elimination services, Buckeye Life Group offers many other financial protection services under one roof. We work with our clients from the ground up, educating clients about their options, finding strategies that best suit their needs and budget, and walk them through every step of the way. Our approach is customizable for each of our clients, based on their situation and financial goals.
The Next Step
If your debt repayment is proving slow without any progress, and the thought of sudden expenses from critical, chronic, or terminal illness or other future health-related events concerns you, the Debt Free 4 Life™ program can provide clarity and a solution that works. Visit our website at www.BuckeyeLifeGroup.com or sign up for a free virtual session with Wendy to find out how to start compounding interest in ‘your’ favor (rather than the bank’s), pay off all of your debts in a fraction of the time, and stay out of debt forever.
Debt Free 4 Life™ is a very effective and deliberate plan involving strategic planning, tax-smart growth options, guidance, and wealth accumulation to pay off debts fast. Not only is there immediate acceleration for debt elimination, but the program also aids in developing a tax-free retirement plan. Take control now, shake off your debts quickly, and build a legacy of financial security in the form of true financial freedom and a tax-free retirement path.
Want to learn more about Debt Free 4 Life? Check out this link here: https://debtfree4life.com/876-551
