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Sat Mar 1, 2014, 11:42 AM

Anyone know anything about "770" Accounts?

Apparently they make 5% or more. Not sure what the investment actually is but some sources say it's something to do with life insurance. Apparently rich individuals and banks invest in them and regular people have never heard of them. Best part is the money grows tax free and can be taken out of the account tax free. I hesitate to post a link (or even this post!) because it looks like spam and adware but it's still intriguing. Is this just B.S. or is this a real thing? Can i go down to my Wells Fargo branch and invest or what? Anyone know anything?

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Reply Anyone know anything about "770" Accounts? (Original post)
TheFarseer Mar 2014 OP
billh58 Mar 2014 #1
RB TexLa Mar 2014 #2
Hoyt Mar 2014 #3

Response to TheFarseer (Original post)

Sat Mar 1, 2014, 11:48 AM

1. It's a Whole Life Insurance program

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Response to TheFarseer (Original post)

Sat Mar 1, 2014, 11:56 AM

2. Just buy a universal life policy and over fund the premiums to build cash value.


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Response to TheFarseer (Original post)

Sat Mar 1, 2014, 11:58 AM

3. Sounds like something Glenn Beck might sell. Otherwise, I'm clueless.

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