FAQ-The “770 Account” or Infinite Banking®

The Very Secret 770 Account That Sounds Too Good To Be True (But Isn’t)
March 1, 2018

FAQ-The “770 Account” or Infinite Banking®

Some Quick Words of Wisdom:

Humility is regarded as a prerequisite to increasing wisdom.  When you are humble, you accept that there is still more for you to learn.  Humble people are teachable, open to change, and never stop learning.  With great wisdom comes great wealth and success.

Thank you in advance for increasing your financial knowledge but remember that wisdom is the practical application of knowledge.  Simply put, apply what you learn.  No one will do it for you.




Why Have I Never Heard Of The 770 Account Before?

Your financial advisor has likely never heard of it and the life insurance industry does not train agents on this strategy.  Wall Street advisors get paid to manage money by recommending mutual funds and other securities. The 770 Account is an unmanaged asset class guaranteed by contract to grow regardless of market conditions.  It quite literally is the secret your advisor and bank hope you never discover!

See below why banks hope you never discover the 770 Account…


What is the 770 Account?

The 770 Account is really another name for a popular financial strategy better known as Infinite Banking® or Bank On Yourself®.  In January 2013 a popular stock newsletter began promoting the “secret” 770 Account as a way to increase subscribers to their monthly paid newsletters.  As an Authorized Practitioner with both the Infinite Banking Institute and Bank On Yourself®, I can create a personalized 770 Account solution for you and you’ll get my monthly newsletter for free.  I work in all states including Alaska and Hawaii.


Is the 770 Account an Investment?

No.  An investment is an asset that can gain in value but also lose value at any time.  A 770 Account is a permanent life insurance contract with a mutual based life insurance carrier.  The life insurance companies provide you a contract that guarantees to increase your cash value every year regardless of economic conditions.  Also, unlike other assets, a 770 Account doesn’t need to be sold in order to create liquidity.  You always have access to your cash values in the contract without interrupting the compounding growth of your money.  There are no surrender penalties and no fees to access your money.


Is the 770 Account a Whole Life Insurance Contract?

Yes and No.

“770” refers to IRS revenue code 7702 which provides permanent life insurance contracts (Whole Life) tax-favored status when compared to other assets.  You can use other vehicles for the strategy but no other vehicles for money provide all the benefits and guarantees of a properly designed Whole Life contract.

IMPORTANT:  Whole Life is the most misunderstand financial product that exists.  Please remember that the 770 Account is a strategy, not a product.  The 770 Account strategy is a process by which you use a properly designed Whole Life contract to accelerate the payoff of debts and/or accumulate assets safely.  It is not about earning a conservative tax-favored rate of return of 5% over the life of the contract although that’s a nice perk, too. 

When you set up a properly designed Whole Life policy, you are creating a business you’ve never had before.  When you change the way you use your money, you change the way think!  Take back the function of banking (financing) from your bank forever. 

Watch the video at www.CashValueBanking.com to learn more and see a real life example towards the end of the video.  You can also subscribe to receive more information at www.FindOutMoreNow.com with my advisor code JM66.


What Makes the 770 Account Strategy Different From a Traditionally Sold Whole Life Contract?

The life insurance industry prefers to sell maximum death benefit policies in order to protect families from a sudden loss of income due to the premature passing of a loved one.  While that is a noble pursuit, the 770 Account is a strategy that turns how life insurance is purchased completely upside down.   The goal of the 770 Account is to minimize the death benefit while at the same time maximizing the funding.  A properly designed account reduces the commission by 60-70%.  What would go to the advisor now goes directly toward the cash value!


Why Are You (The Advisor) Willing To Take a 60-70% Cut In Commissions?

In one word: Integrity.

Taking a 60-70% cut in commissions translates to a 60-70% increase in cash value right away for my clients.  I like to provide transparency as it establishes trust.  Additionally, I have found that people better understand the mechanics of a Whole Life contract when I explain how their money is allocated into specific riders to turbo-charge the growth from day 1.

Honesty and transparency has also provided a long-term benefit for me as an advisor.  Because there are few advisors who offer the 770 Account the way it should be set up, my business is largely word of mouth.  Just like it’s hard to find a good mechanic, it’s also very difficult to find an honest and experienced practitioner for the 770 Account strategy.


What Is The Minimum/Maximum To Get Started?

It depends on your age, but generally $500 a month ($6000/year) is the minimum to get started. There really is no maximum which is why wealthy people have been over-funding Whole Life insurance contracts for generations in order to protect, grow, and transfer wealth tax-free.  This is not a get-rich quick scheme.  You must have a long-term perspective to properly utilize this strategy.


Can I Contribute A Lump Sum Into a 770 Account?

Yes and No.

There are tax advantages if you break up a large lump sum into regular annual contributions.  You could also start with a lump sum and then contribute on a monthly basis which is a popular way to jump start the plan.  You can have access to the cash values in as quickly as 30 days.

If you decide to only fund a contract with one lump sum contribution, your cash values will grow tax-deferred but you will be taxed on any gains upon loan or withdrawal.  A single premium 770 Account plan works best for seniors because there is minimal underwriting requirements and they can re-direct money that traditionally sits in a bank CD providing little benefit.

If you are older than 65 and/or have CD money, please request “The Bank On Yourself® Plan for Seniors”.


What Is The Best Way To Use The 770 Account?

If you work with me to open your 770 Account with the goal of building wealth, you’re more than likely to hear me tell you that there are two kinds of people in this world:  employees and business owners.

How you think determines everything in life!  So it is with the 770 Account.  My hope is that you think like a business owner.  Here’s why:

An “employee mindset” is to treat your 770 Account like it’s just a savings account and never touch the money for any reason.  It’s okay if you do but personally I believe you’re missing the most important benefit of the 770 Account which is the ability to grow your cash values uninterrupted for the rest of your life, even when you choose to use the money somewhere else.

A “business owner mindset” sees the unique ability to access their cash values without interrupting its growth so they can use the money to invest in other assets that provide greater returns with little risk.  A lot of my clients love real estate for high ROI cash flowing properties or acting as a private lender on secured Deeds of Trusts earning 8-15% on short term loans.  How they use this strategy to invest is entirely up to them.  If you have a business, you can use your 770 Account to finance the growth of your business instead of paying interest on a Business Line of Credit to the bank.  You can use the money for literally any purpose.

Your only limitation is your imagination.  Use a business owner mindset and remember this:


“Money attracts opportunities.”


How Do I Get Started?

Please use my online calendar to schedule an appointment that is convenient with your schedule here:  http://www.vcita.com/v/john.montoya

You have nothing to lose but more time.  There is no out of pocket fee ever to work with me or any of member of my team, so get started!


What’s the Secret Banks Hope I Won’t Discover?

Did you know banks purchase more cash value life insurance than any other entity in the world?  Isn’t it ironic that what banks do with their reserves is the opposite of what their advisors recommend you do with your money?  Banks buy so much cash value life insurance that life insurance companies created a special product for them called “Bank Owned Life Insurance” or BOLI for short.  In 2004 the Federal Reserve actually had to mandate that banks limit their life insurance assets to 25% because they were buying too much.  Amazing, right?  Author Barry James Dyke documented this and more in his book The Pirate of Manhattan. It’s a must read for 770 Account/Infinite Banking enthusiasts.  Still don’t believe me?  Click here to see Bank of America’s balance sheet.


One final thought about banks…

Imagine you had a time machine and could back in time to the day you opened your savings account at your local bank.  I’d like you to imagine that instead of a traditional savings account, your banker recommended you open a 770 Account instead.  Can you imagine how much money you would have if every dollar you saved was still working for you all these years later?

Banks will never offer you a 770 Account because think about what would happen to their lending department if they let you borrow your own money on your own terms without interrupting the compounding growth of your money?  BANKS WOULD CEASE TO EXIST.

The goal of any bank is to control your money and create debt.  Whether you are a religious person or not, you might know it’s mention in the Gospels that Jesus lost his temper only one time.  That was when he threw the money changers (bankers) out of the temple.  Are you ready to throw out your banker?

Click the “Contact” tab to your bottom right to schedule an appointment!


“Eliminate Uncertainty (Stock Market) and Usury (Banks) Forever!”

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