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Edgar Arceo
Worked at The Arceo Financial Group
Attended Monterrey Institute of Technology and Higher Education
Lives in Nashville, TN
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Edgar Arceo

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What is a 770 account? Where can I get more information about a 770 account? Can you explain more in detail how a 770 account works? Which companies can provide 770 accounts? What should I be looking for in a 770 account?  What is the Infinite Banking Concept? How can you apply the Infinite Banking Concept for Real Estate? Where can I put my money with no risk involved? What are the pros and cons of a 770 account?

I discussed these questions and more in a podcast with J. Massey. Just follow the link:

http://cashflowdiary.com/cfd-137-award-winning-investment-banker-edgar-arceo-mission-help-others-invest-wisely/

If you want to skip the introduction about myself and my company, you can skip ahead to 18:15 to hear information pertinent to the 770 account.
 
For specific questions, please send me an email at edgar@arceofinancial.com

God bless you!
Originally from Mexico City, CEO and founder of Arceo Financial Group Edgar Arceo came to America to go into the ministry. While it’s not in the church, he's actually doing what he set out to do, which is to help as many people possible change their lives. The difference is that he ministers
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...also, this is the kind of LEVERAGE you could do with a "770 account" that you can't do with anything else. So aside from the other tax-free benefits, you also have the LEVERAGE benefit.  And by popular demand, I will try to make more videos explaining what is a 770 account, how can you set one up, and an explanation of all the benefits.
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i tried sending info to above email it keeps giving error in the 'To' section of outbox
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Where can I get a 770 (or 7702) account? How can I open a 770 7002 account?
 
There are a few Mutual Insurance companies in the US that can still offer a “770 account,” but you cannot go with them directly; you have to go through one of their agents.
 
If you have read my previous posts, you discovered that this 770 account is not more than Permanent Life insurance with a twist. It needs to be from a mutual company, have a paid-up additions rider, be on the MEC line and have a non-direct recognition characteristic etc.  What you are trying to do is to minimize the death benefit and maximize the LIFE benefit in order to get all the benefits. When structured correctly, this account will work as a ROTH IRA with some extras, e.g. tax deferred growth, tax free distributions, security against creditors, guarantees, the death benefit attached, no penalties, liquidity, leverage, not limited to $5,500 a year etc.
 
So going back to the question: Where can I get a 770 account? Through one of these companies’ agents; this is not your regular life insurance agent or financial adviser. It has to be somebody that is familiar with this account and that has experience, otherwise you may end up with an account that looks like a 770 account, but will not perform in the most efficient way, or you may go over the MEC level and lose all your tax-free benefits.  Also, it may not allow you to use that account as leverage for other investments etc.
 
So the question should be: Where can I find one of these agents?  There are hundreds of agents in the U.S.  that have the experience and reputation to help you open a “770 account” based on your particular situation, plans and goals.  I could find an agent that specializes in these types of accounts in your area, or if you would prefer, I am licensed to do business in many states, so I could personally help you (I reside in Nashville, TN). Or if you just need more information, send me an email at edgar@arceofinancial.com, and I would love to explain more about this account and how it works.
 
Also, if you have specific questions, please don’t hesitate to call or send me an email. 
 
Sincerely,
Edgar I Arceo
The Arceo Financial Group
www.arceofinancial.com
edgar@arceofinancial.com
(615) 584-0462
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Is the 770 account real?  Is the 770 account a scam?

A lot of people have been asking me about these mysterious 770 accounts.  First of all, there is no mystery, and there is nothing hidden.

It’s plain and simple.  They are Permanent Life Insurance Policies.

So is this 770 account real? Of course it is.

Is this 770 account a scam? It COULD be. You need to be careful.

What do I mean by that? Well, if you talk with your average life insurance agent and ask him to get you one of these Permanent Life Insurance policies, the agent will be thrilled you want one and will quickly complete the application.  Why? Because the agent will make TONS of money from you, and that policy will not work as these 770 accounts that you read about. 

So how can you get a real “770 account?” You need to talk with someone who is familiar with these accounts and has experience. 

What is so special about these type of accounts (or policies)?  Well, there are many factors that need to be in place before the life insurance policy can turn into a “770 account.”  It needs to be from a Mutual Insurance company, it needs a Paid up additions ride, and it works better with non-direct recognition, etc.

Also, when getting this type of life insurance policy, you are doing this for the LIFE benefit (tax deferred growth, tax free distributions, protection against creditors, liquidity, use and control of your money, etc.), not for the death benefit.  So you will want to get the minimal death benefit you can get for the monthly/yearly premium you can put in. (We have had clients that put as little as $5,000 a year… and as much as $400,000 a year).  When you get the minimal death benefit possible for your money, then you are maximizing your cash value and your LIVING benefits.  As opposed to buying a life insurance policy with the maximum death benefit you can get, you will see a ZERO cash value on your policy for the first 3 years. This is what the average insurance agent wants you to get, because that will maximize his incentive. 
 
If you have any specific questions or you would like to know more about it, let me know. I could also find an agent that specializes in this type of account near you.  Or if you prefer, you can talk with your life insurance agent and send me your illustration/plan, and I would love to give you an unbiased opinion to make sure you are getting what I just described here.
 
Thank you.
God Bless you

Edgar I Arceo
The Arceo Financial Group
www.arceofinancial.com
edgar@arceofinancial.com
Nashville, Tennessee
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One of the many benefits of a 770 account, is REAL compound interest. In this video, you will see a real illustration of a 770 account, compared with the stock market.  Some people call it the Babylonian Money Code, the Invisible retirement fund, or the infinite banking concept.  
If you have seen my videos before, I promised I was going to put some examples about the strategy of “buying term and investing the difference”, versus a 770 account, using a Life insurance policy for retirement purposes. 
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770 Account for College Savings
College Savings – 529 Plan V.S. Infinite Banking Concept (IBC).

Before reading this blog, if you haven’t seen my video or read my blogs explaining what a 770 account is, then I would advise you to stop and watch/read that video/blog first – so you will have a better understanding of what I will be talking about here. 

When we think about “saving for college,” the first thing we think about is the 529 Plan. There are some others that may think UTMA or UGMA accounts, but if you ask a financial guru, he will automatically tell you about the 529 Plan. 

Why are they so popular? Well, because they have tax benefits. Once money is deposited in a 529 account, it grows tax-free, and when the money is withdrawn for college, it is not taxed!  Sounds like a great plan, doesn’t it? What’s not to like?  After all, it was specifically created to save for college.  

Now, I don’t want to be the bad guy who is always carrying bad news…. but it is good to know the pros and cons of every plan. Knowledge is power, and I pray God will give you wisdom to know what to do with this knowledge. 

There are many restrictions that you will encounter when you open a College 529 Plan, and the number one concern is: 

1) The money MUST be used for qualified educational expenses, otherwise there will be taxes and penalties. 

But - What if your child earns a full scholarship or decides to be an entrepreneur instead of going to college? Can you use the money for non-educational purposes? No. Your money may be locked up for years, unless you decide to change the account beneficiary to another one of your children – or go back to college yourself. 

With a 770 account, you can use the money for non-educational purposes; you can use the plan beyond college – for the rest of your children’s lives. 

2) So your child does end up going to college. Phew! We won’t be paying all those penalties, but can you avoid having the funds count against your child when they apply for federal student aid? The answer is “no.”   

In other words, you won’t get all the aid you possibly can get if you were responsible enough to save for your kids’ education.  The government will look at your 529 plan and will determine that you “don’t need” that much aid after all.  

With a 770 account, your cash value does not count against you in the Department of Education’s financial aid formula used to calculate a family’s “Expected Family Contribution” for federal student aid. So your 770 account won’t sabotage your chances for grants, scholarships, and interest-free loans from the government. 

3) Is growth of your money guaranteed?

You probably already know that a 770 account comes with guarantees, but how about a 529 Plan? I mean, with all those restrictions, there should be a good guarantee on your funds, right? You would think!  But no – unless you have the money sitting in a money market account.  However, most people invest in mutual funds, thinking that their money will grow faster, which creates another restriction:

4) Unlike 401(k)s, IRAs, etc., IRS rules for 529 Plans only allow you to make ONE EXCHANGE or reallocation of assets per year, at the beginning of the plan year. So if you decide your plan is losing too much money – or making too little – too bad!   If you did a little adjustment in January and your fund tanks in February, you have to wait eleven very long months before you can do much about it. If you make changes more than once a year, you will incur severe tax consequences.

An article on MSN.com entitled “The Great College Savings Fiasco” noted, “… many parents who have invested in 529s, counting on the market to cover the soaring costs of college, would’ve been better off putting the money under their mattresses.” 


And lastly:

5) You have planned to send your child to college for many years, and you have put a plan together to achieve that – but what if something goes wrong and you pass away? Can your plan be carried out if you die prematurely? The answer is “no.”

Many families avoid talking about this, but that is a critical question.  

With a 770 account, your plan comes with a death-benefit that can make the plan self-completing. 


 So what are the cons of a 770 account as a college fund? There is no perfect plan – this is not a “too good to be true” kind of plan. It has some cons.

a) You have to make contributions for at least 10 years in order for this to be worth it. After all, you are buying a life insurance policy, so it takes some years for you to break even or capitalize the system. If you do it for less than 5 years, you will probably lose some money. 
b) You can’t change the amount you want to contribute every year. There can be some flexibility, but you have to keep the contribution at a certain level every year. 
c) You can’t buy a “Participant Whole Life Insurance” policy on your children, without having a life insurance policy yourself. The underwriters will only allow you to get a 770 account for your children if you have at least 2x the coverage that you will be getting for your children. 

Now, some people have asked me – who is the owner of that policy? 

The parent is the owner, but it can be transferable to the children at any point once he/she turns 18. This will not be automatic - very few young people know how to manage their money at age 18, so you can select the best time to transfer the ownership of the account. 

And when is the best time to do that?

I recommend turning the policies over to your children once they’ve demonstrated financial responsibility – for example: taking a policy loan to make a purchase, and setting (and meeting!) a repayment schedule of their choosing. 

My goal and dream is that my client’s children and grandchildren will never need to use the services of a bank, finance company, or credit card company, other than to have the convenience of a checking account and debit card. They will be using banks only for their convenience, and will not waste a big percentage of their income (which on average is about 20%) to pay interest to someone else. 

That is possible by starting a 770 account, or participant whole life insurance that has been structured in a way that will let you maximize your cash value and minimize your death benefit. If you don’t know what I am talking about, please watch my other videos that explain what a 770 is and how to structure a 770 account permanent life insurance policy.
I also created a video on YouTube with some real numbers for a 5 year old child, so you can check it out at: 770 account for College Savings (1 of 2)
Thank you for reading.
God bless you

Edgar I Arceo
CEO of the Arceo Financial Group. 
www.arceofinancial.com
1616 Westgate Circle, Suite 359
Brentwood, TN 37027
(615) 584-0462
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What is a good alternative to a CD?
Fixed income alternatives for retirees

Many people ask me this question: What is a good alternative to a CD? 90% of them are people who are already retired and are looking for a way to keep their money in a non-risk environment (not tied to the stock market), that will produce some interest and can be accessed at any time if they ever need it. They also want to make sure that if anything happens to them, their family/heirs can access that money without many complications.
 
The majority of people are using either a CD or a Money Market account.  The only problem is that in today’s economy, those 2 instruments are paying less than 1% which doesn't keep up with inflation! (You can maybe find a CD that will pay 1.5% or so for a longer period of time, like 4-5 years).  
 
So what is a good alternative? I always recommend getting a Single Premium Whole Life Insurance.  Now, every time I mention that product, I receive a “doubtful face” from my clients.  They roll their eyes and say “no thank you”, so instead of me trying to “convince” them that it is a better alternative, I show them numbers.  This is something that my dad always told me – “numbers don’t lie, son.” 

So let’s analyze a scenario.  A 68 year old man has $200,000 in a CD, and he is looking for another option. He may or may not use the money – it will depend if there is an emergency etc. 
 
So here is a table comparing both scenarios – CD vs Single Premium Life.
I want to emphasize that both are secured, have minimal to zero risk and have guarantees.
Amount: $200,000
CD Rate: 1.25%
Tax bracket: 28%
Client’s age: 68

Year 2:  CD: $203,812    vs             S.P. $195,539 + $316,279 Death Benefit
Year 4:    CD: $207,801     vs            S.P. $208,654 + $327,121 Death Benefit
Year 7: CD: $ 213,944     vs            S.P. $227,922 + $344,930 Death Benefit
Year 10: CD: $220,270     vs            S.P. $249,072 + 364,663 Death Benefit
*S.P. calculations are based on the low dividend rate of today's economy... results will probably be better than described.

(For a complete table check my blog at http://edgararceo.blog.com/)

PROS of a Single Premium Life:
·         It provides a Death Benefit of 306,088 (tax free) that will grow every year.
·         The money will grow tax deferred.
·         No penalties for partial or total withdrawals.
·         Comes with an Accelerated Death Benefit Rider for Chronic & Terminal illness (in most states).
·         If interest rates start going up, the rate inside the policy will also increase.
 
CONS of a Single Premium Life:
·         For the first 2 years you will have a cash value that is less than the premium.
·         You need to be in good health in order to get this product (medical exam applies).
 
 
Conclusion: If you are in good health and the possibilities of you needing your money in the first 2-3 years are low (or if you may just use part of your money), then a Single Premium Life is the best choice.  Also, if you don’t have life insurance, this is a great opportunity to get a policy which is tax free for your spouse/heirs.

But if you will be using with certainty ALL the money in the first 2-3 years, then a CD/money market account would be the best choice.
 
For specific questions, or if you would like us to run an illustration specifically for you, send me an email at edgar@arceofinancial.com  or go to our website www.arceofinancial.com and leave us a message.
 
Blessings!
 
Edgar I Arceo
The Arceo Financial Group
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This is how big corporations like Disney and JC Penney started their business... and the foundation of this system is the 770 account (which I will explain later).
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Where in the IRS code does it say that 770 accounts are tax free?   Is the 770 account legal?
 
The 770 account is 100% legal!!  But few agents understand how to establish it in such a way that it will work as a Retirement Account with benefits like tax deferred growth, tax free distributions, credit protection, guarantees, competitive rate of return, leverage, collateral etc.
 
Where in the IRS code supports that this account can be tax free? The document is the GAO/GGD-90-31 – “Tax Policy” which talks about the Tax Treatment of Life Insurance. 
 
If you would like more information or if you have specific questions, contact me at edgar@arceofinancial.com
 
Also, if you are wondering if you could open a 770 account with your agent or financial adviser, but you want to make sure he is opening the right thing, I could double check and give you an unbiased opinion of the contract (illustration etc).  I won’t charge you for the service – I will do it as part of my ministry.  
 
If you don’t know anybody that can do this for you, I would love to recommend somebody in your area, or if you would prefer, I could help you personally if you are in one of the states where I am licensed to do business.
 
Thank you for reading
 
Blessings
Sincerely,
 
 Edgar I Arceo
The Arceo Financial Group
www.arceofinancial.com
edgar@arceofinancial.com
(615) 584-0462
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What exactly is a “770 account”? Where can I get a 770 account? How can I start a 770 account? 
 
Those are questions I have been receiving a lot lately, so let me answer each one of them right now.
 
What exactly is a 770 account? It is no more than Permanent Life Insurance with a twist to it – maximizing your “living benefit” and not your death benefit.  
 
Does that mean that Permanent Life Insurance equals the “770 account”? Not necessarily.  And this is where the confusion begins. When you analyze your typical Permanent Life Insurance (Whole life or Universal Life), you will be disappointed.  Why? Because it won’t work as this “770 account” that people are talking about all over the media. Why not? Because those typical permanent life insurance policies are maximizing your death benefit.  They are looking for the maximum death benefit you can get for the minimal premium.  But for a permanent life insurance to work as a “770 account”, you need to be looking for the opposite – the minimal death benefit for the maximum premium.  Sounds like a crazy idea, doesn’t it?   See, even though we are buying a life insurance which will pay a death benefit to your heirs, you are doing this for the LIFE benefit (tax deferred growth, tax free distributions, competitive rate of return, protection against creditors, liquidity, use and control of your money, etc.). The death benefit is just a bonus you are receiving, but it is not the main focus.  We want to stock pile all the money we can get in the policy because that is when the “magic” begins.
 
Where can you get a 770 account?
 
You cannot get it from just any company.  First of all, you need to look for a Mutual company that will give you the option to maximize the living benefit we were talking about; a company that will have the special riders to make the policy a “770 account.”  In my experience, there are about 10 companies that can do that, but I just recommend 4 of them. Unfortunately, you cannot go directly to them – you have to go through a broker or agent.
 
How can you start a 770 account?
 
You need to find a good agent that will explain to you in a deeper way how these 770 accounts work.  Once you find him, he can give you some options. He will probably compare numbers with all the companies that he works with and give you the best option based on your situation.  You will need to do a medical test (after all, it is a life insurance policy). After that, the agent will show you an illustration of how your “770 account” will work and how to make the best use of it. If you accept the terms, conditions and illustration, you will have 30 days to “think about it.” If for any reason you don’t like it, you can cancel it without paying penalties; you will get all your money back.  
 
So what exactly is a “770 account”?  The “770 account” is not a get rich quick scam – it is a process – a way of living.  The only tool or product that can make that happen is permanent life insurance with all the riders and options.  It is about never depending on any financial institution or the government. It is about being completely independent and free from financial slavery. It is about having control of your future completely.  It also takes out of the equation the government’s decisions on taxes, interest rates, social security, national debt, etc.
 
How? When you can have guarantees on your account – when your money grows tax deferred at a competitive rate of return – when you have access to your money at any time if you need to – when you can use your money as leverage or as collateral to get low rate loans – when your money is protected against creditors – when you have tax-free distributions once you retire – when your retirement plan keeps going as planned, even when you become disabled – when you have an additional bonus, that is a Death Benefit for your heirs that will pay tax-free (not subject to estate taxes).  Then we can be sure that what we are expecting to happen WILL happen. 
 
If you have additional questions, please email me: edgar@arceofinancial.com or visit us on the web: www.arceofinancial.com   I would love to answer all your questions you may have about the “770 account.”
 
I could also find an agent that specializes in this type of account near you.  Or if you prefer, you can talk with your current life insurance agent and send me your illustration/plan, and I would love to give you an unbiased opinion to make sure you are getting what I just described here. Be careful – if you just ask for a Permanent Life Insurance policy, your agent will be very happy because he will get a big commission out of it. But when the agent knows what he is doing, he will maximize your LIFE benefit, and his commission will be considerably less. As a result, you could have up to 40 times more cash value.  So if you have any questions, send me an email and let me know what he is telling you – which insurance company he is using and what is the plan/illustration he showed you, and I will make sure you are getting the best “770 account” you can get.  I will do this as part of my ministry at no charge.
 
Thank you for reading.
 
Blessings
 
Edgar I Arceo
The Arceo Financial Group
www.arceofinancial.com
edgar@arceofinancial.com
(615) 584-0462
 
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  • Monterrey Institute of Technology and Higher Education
    1998
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long long LONG line, but is not their fault. They will have to build a new building and add more employees.... but their personnel are very attentive and nice! Great experience.
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They were quick to respond in a Saturday night, and very courteous. I am sure they are very good at fixing problems etc., but they are EXTREMELY expensive! After they got here, and pay the $99 for service call - I had to let them go. It was ridiculously expensive. I went with another company that charged me less than half, and they did a good job. So if you have an emergency, and it's a weekend or after hours, then go with Benjamin Franklin - but if you can wait, I would recommend going with another company.
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