Third Step of Setting Up a FPF

Accumulate and distribute

The next part of private fund process is to accumulate maximum cash value in the first five years without violating the MEC limits.

Keep in mind you can access the cash value at anytime, but the family private fund will perform best if you can wait till the five year term is completed.

The best way to access the cash value from the policy is through tax-free loans. The loans are considered tax-free as long as the policy is in place.

Distributions can serve four major purposes.

1. Personal purchases
2. Investments
3. Retirement
4. Inheritance

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