BE YOUR OWN BANK
PRIVATE RESERVE ACCOUNT
EXclusively yours
Our Private Reserve Account, or PRA, is an exclusive product/service that Mod Financial provides to our clients who are keeping their savings in a bank earning .5% instead of in a PRA that may return 6-7%.
We like to call it an alternative way of banking or “being your own bank” if you will. It is a great way to make one dollar serve multiple purposes such as tax-advantaged income in retirement, protection if you were to get ill (with living benefits added to the life policy), a tax-advantaged death benefit to heirs, college savings plans for children and even mortgage or auto loan payoff acceleration.
The wealthy have been using this method for years, and now Mod Financial is bringing it to you. Get in touch with us to find out all the benefits you can receive by opening a Private Reserve Account.
PRA (Private Reserve Account)
PRA BASICS
A Private Reserve Account is structured around a life insurance policy that meets specific criteria to achieve tax advantages. There is no cap to the amount you can put in, and the cash portion of the account is tied to a specific market index, although it is not directly invested in the stock market. That’s why the insurance carrier can guarantee the principal in the account if all contract terms are met.
Instead of making pennies in a bank account CD or money market, you can potentially achieve 500 times the interest rates banks are paying.
UPSIDE GAIN POTENTIAL
Interest is credited based on a specified market index (i.e. S&P) and has a 0% floor. With a PRA, there is no loss of cash value due to declines in an index based on the claims-paying ability of the insurance carrier, but there is the potential for tax-deferred growth. Additionally, you can take potentially tax-free withdrawals for any purpose, with complete access to the cash value in your Private Reserve Account as long as all PRA contract provisions are satisfied.
PERMANENT LIFE INSURANCE
In addition to allowing you to take cash out for any reason, a Private Reserve Account can cover the most critical aspects of financial protection you and your family need for a secure future. A PRA with accelerated Benefit Riders can provide benefits in the case of:
Chronic Illness
Terminal Illness
Long-Term Care
Benefits you never thought you could obtain, at a price you can afford.
PERSONALIZED
At ModFinancial we curated the ideal solution by working with one of our program architects to design the ideal blueprint for you.
DESIGN YOUR PROGRAM
Design Your Program
Fly
Start / Foundation
Vip
Growth
Jet
Rapid Growth
Stealth
Massive Growth & Protection
TIME TO START
Your Tax Savings can begin now.
DESIGN YOUR PROGRAM
Our Architects curate the ideal solution designed specifically for you.
Learn
Our financial designer and architect work together to learn about what is exactly what you need.
CURATE / ARCHITECT
Together they identify and put together some options and suggested plans for your consideration.
TAKE FLIGHT
You are in control and command. We clearly and concisely share the options so that you have the confidence to choose your best possible flight path.