Life insurance is a tricky but necessary topic to discuss among millennials as they move forward in life. Pernon Dunston is the CEO of Golden Life Group LLC, and he comes into the Bold TV studio to discuss the advantages of putting money away now to save for later. He explains the advantages of saving money so that the end of your life can be as easy as possible.
Gold Life Group structures its whole life insurance policies so that you do not need to wait a certain amount of time to get that money back. It is essentially a non-taxed savings account for those who are trying to keep themselves comfortable moving forward. Unlike other plans though, you control when you take out your money. You can take the money out with a loan and the interest paid back on the loan is paid to yourself as part of the death benefit. This allows for your loved ones to be taken care of after you’re gone.
Dunston has found a lot of success since starting the Gold Life Group LLC, so much so that he has purchased an entire city block in Wilson, NC. This small city outside of Raleigh is seeing an increase in economic activity, and he hopes to bring some small businesses to his city block. Dunston stresses the importance of owning land because that means you get to choose what companies come to your offices. This allows you to provide a positive impact on your community by making sure you’re bringing in the right people. There is a severe lack of minorities who own land across the country, and Dunston hopes to inspire more people to get involved if the opportunity arises.