KAIZEN is a unique insurance program that applies the financial leverage technique – Financial leverage OPM (Other People’s Money), to help participants receive a significantly larger amount of money than what they contribute. If you desire to receive tens of thousands to hundreds of thousands of dollars annually, tax-free, and continuously for 25 years, then KAIZEN is the program for you.
In this article, Thinksmart Insurance will provide you with the advantages and disadvantages of the KAIZEN program to give you a more comprehensive overview of the program.
Firstly, let’s explore the origin of the KAIZEN Insurance program.
1: The Establishment of KAIZEN
The essence of the KAIZEN insurance program originates from the IUL (Indexed Universal Life) program. Approximately 20 years ago, the CEO of KAIZEN, Dean Wombwell, used to be fond of the IUL secret insurance program. However, there was one thing he disliked, which was the limited monthly premium payments. Therefore, he approached a bank to try and persuade them to lend him additional funds to invest in the IUL program. Surprisingly, the bank agreed and approved the loan. From then on, Dean Wombwell established the NIW Kaizen company to help more people apply financial leverage techniques to earn more money during retirement.
2: Advantages and Disadvantages of KAIZEN.
Advantages
- Receive annual income ranging from tens of thousands to hundreds of thousands during retirement from the age of 65 to 90, thanks to the financial leveraging method OPM (Leveraging Other People’s Money).
- Save time on premium payments – only pay for a period of 5 years, without the need to pay for 15-20 years or even for a lifetime until the age of 100 like other insurance programs.
- Benefit from market growth without risks, even during market crashes, recessions, or inflation.
- Tax-free withdrawals during retirement age.
- Enjoy the benefits of life insurance, such as death benefits and living benefits.
- No need to borrow or pledge any collateral, and no interest payments to the bank.
- Lastly, the KAIZEN account is not affected by lawsuits, debt collection, or bankruptcy.
Disadvantages
- During the participation in the program, customers are not allowed to borrow, loan, or withdraw money from the program in the first 15 years.
- The amount required to participate in the program is quite large, with a minimum of $24,000 per year (depending on the age).
Thinksmart Insurance has analyzed the advantages and disadvantages of the premium insurance program Kaizen. If you would like to refer to more detailed information about the program, you can watch the videos posted on the Thinksmart Insurance YouTube channel, Thinksmart Insurance fanpage or call 678-722-3447 for a detailed and completely free consultation.
