My 3000% annual rate of return investment

How I turn $312 into $10,000 every year.

When I tell people that $312/year or $26/month equals $10,000 a year, I get a lot of skeptical looks.  Sure, it sounds too good to be true, until you learn how it works. The $10,000 isn’t going into my bank account and it’s not a lump sum.  It’s actually 5 x $2000 grants. Every year, I can host family fun events like movies, sporting events or theatre. I can also sponsor local charities and volunteer organizations. As a member I also get to attend the events that are sponsored by other policyholders.  It’s like a VIP pass to local events and opportunities to volunteer.

How does it work? I purchased a life insurance policy with a face value of $25,000 with a 20 year paid up schedule (this is just one of many options).  That means I pay $26/month for 20 years ($6240 total) and I’m guaranteed a $10,000 death benefit, tax free, to my beneficiaries. On average, in Canada, families spend $8500 on funeral and final expenses.  So pre-paying this for my survivors and factoring extra for inflation and any other costs is responsible common sense for me. I also carry an appropriate amount of other life insurance blended between term and whole life as income replacement in case anything happens to me as the primary income earner for my family. I’ll discuss those in other blogs. I could have had a less expensive policy but I chose to use a non-medical underwriting product for simplicity. No needles, no peeing in cups.  A simple questionnaire and I’m insured.  

Where does the money come from?  A fraternal insurance company with a 140+ year history.  The key word here is fraternal. What this means is there are other benefits, far beyond the life insurance, which are extended to policyholders.  These include assistance programs, community grants, scholarships and more.

So if I max out my grant benefits every year during my 20 year payment schedule, I’ll have contributed $200,000 back into my community.  I'm also doing this to lead, by example, showing my children how to volunteer and give back, helping others experience things they may otherwise not be able to afford and protecting loved ones from unavoidable expenses when I inevitably pass away. We all die, so we might as well face it and be proactive in how we manage it. 

Contact Myles

I am a licensed insurance agent in Ontario.  This blog is my personal opinion and not to be used as financial advice.  All financial decisions should be made with the guidance of licensed financial professionals who take your personal goals and requirements into consideration.