Velocity Banking Calculator

Funding Illustration Calculator

Help clients understand that permanent life insurance may be more efficient than a savings account.

This calculator helps you compare a velocity banking strategy rooted in whole life insurance, to the performance of other assets. This can help clients see how using whole life insurance for velocity banking can help them with their long-term financial strategy. They’ll be able to see for themselves how whole life insurance performs better than a savings account, and even against term insurance.

For example: 
Your savings account would have to earn  X % to equal the same cash value (if term costs and annual taxes are included).

Borrowing Strategy Calculator

Help clients create a borrowing or “banking” strategy

Help your clients understand what it means and the potential benefits to having their own “bank.” It can be hard for clients to understand velocity banking or similar ideas, because they can’t visualize what it actually means to be their own banker. Borrowing Strategy Calculator allows you to show them, clearly, the benefits of leveraging their life insurance, compared to other lending institutions.

For example:
How could alternative funding sources for big ticket items enable one to be more effective with their money than if they borrowed from a commercial bank?  

Answer: A life insurance policy with a loan rate of 6% (and an optional direct recognition reduction of 1%) with a market loan rate of 10% shown paying the policy loan back at the full 10% rather than paying the alternate market source at 10% would create more wealth in the policy than the policy by itself without the loan.