How does Debt Free Life® work?
Debt Free life is a modern way to pay off your debt using the cash value of a specialized whole life insurance policy.
Get Your Personalized Debt Elimination Report
Using our exclusive software, your certified Debt Free Life consultant will generate a personalized debt elimination report showing you how and when to pay off each debt and:
- Forecast when you will become debt free
- Project the amount of interest you'll save
|YOUR DEBT||$242,537||DEBT FREE IN:||10 YEARS|
|SCHEDULED INTEREST||$108,100||INTEREST SAVED:||$40,557|
|YOUR REAL DEBT||$350,637|
Build Cash Value
Extra funds are redirected into the cash value of your policy. Now, your money will accrue guaranteed interest and annual dividends.
Pay Off Debts
Using the money in the cash value of your policy, you will begin to pay off the principal balance of your debts. By borrowing money from yourself, you can pay off your debts faster and reduce interest owed to banks and lenders.
Start Living Debt Free
Once your debts are paid off, you can use your policy funds for large purchases, retirement, or a child’s education.
Personalized Debt Elimination Report
Your certified Debt Free Life consultant will present a personalized report to visually represent your debts and scheduled interest. Your consultant will show you how redirecting inefficient dollars into the cash value of a whole life insurance policy will help you eliminate debt incrementally and build savings. You will also find out when you’ll become debt free and see how much interest you will save.
See how Debt Free Life helps our clients.
With scheduled interest over $70,500, Tim and Amanda were struggling to maintain their mortgage payments and pay off student loans.
DEBT FREE IN 7.8 Years with DFL vs. 40 YEARS without DFL
A small business owner, Becca has significant loans. She is on track to become debt free in 12.7 years but knows that getting out of debt faster will help her business increase cash flow and reduce the amount of interest she pays to lenders.
DEBT FREE IN 3.8 Years with DFL vs. 12.7 YEARS without DFL
After obtaining both an undergraduate and graduate degree, Ian still felt helpless. The weight of his student loan debt held him back from achieving many of his life’s goals, like buying a house or even going on vacation. However, with Debt Free Life®, Ian can now see a path towards student debt elimination and is excited about the future.
DEBT FREE IN 8.5 Years with DFL vs. 48.1 YEARS without DFL
Start Achieving Your Financial Goals
Debt Free Life helps you eliminate debt with the cash value savings component of a permanent life insurance policy. Read more about permanent life insurance and how these specialized policies can help you achieve your financial goals.
FAQ’s……. We’ve got you covered.
Q: When should I begin my Debt Free Life journey?
As soon as you are ready to start paying off debt! It’s simple to get started – begin by filling out our short form and a certified Debt Free Life consultant will be in touch to schedule your free consultation.
Q: How much does Debt Free Life cost?
By redirecting overpayments or discretionary income into the cash value of your policy, you become your own bank and pay off debts with no additional out-of-pocket expenses. Premiums for whole life insurance, like other types of life insurance, depend on your age and health at the time you apply.
Q: What can I expect during my free consultation?
In your first consultation with your Debt Free Life consultant, you will discuss your existing debts, interest rates, principal balances and all current payments you’re making towards debts. Your consultant will then use our exclusive Debt Free Life software to break down the amortization schedule for each debt to find the point where more money will be going to principal, rather than interest.
Q: Is Debt Free Life a debt consolidation plan?
No, Debt Free Life helps make your money work for you by utilizing cash value within a life insurance policy. With the guidance of your certified Debt Free Life consultant, you will eliminate debts and interest owed over time while accruing additional tax-favored funds within the policy’s cash value.
Q: What are the advantages of Debt Free Life?
The main advantage of Debt Free Life is putting you back in control of your finances by eliminating debt. You will also reduce the amount of interest paid to lenders while accruing funds in the cash value component of a whole life insurance policy.
Q: Will Debt Free Life impact my credit score?
As you pay off debts with the guidance of a certified Debt Free Life consultant, your credit score may improve. There are no credit checks required when applying for a life insurance policy.
Ready To Get Started?
Schedule a Consultation
Submit some basic information then meet with a certified Debt Free Life consultant online or in person.
Review Your Personalized Debt Elimination Report
Learn more about your debt and scheduled interest in your personalized debt elimination report.
Take Back Control
Your consultant will show you how to redirect your inefficient funds into a specialized whole life insurance policy to pay off your debts and reduce interest.
Continued Support from Your Debt Free Life® Consultant
Your certified Debt Free Life consultant will provide continued support throughout the process to help you get out of debt and achieve your financial goals.
Advise. Insure. Prosper
Our professional team at Advisen Life & Wealth have a very strong commitment to providing specialized, personalized, and quality insurance plans to all our clients at extremely competitive pricing, and in an accurate and efficient manner.
At Advisen Life & Wealth, we’re dedicated to diligently work together to know our customers and understand their unique scenarios fully in order to provide thorough, and the most efficient insurance solutions for themselves and their families.