Walt Disney, JCPenney, Tom Brady, and Ray Kroc .....

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 They succeeded by using the many advantages available with life insurance products.....

• Walt Disney used his life insurance cash value to bring Disneyland to life, protecting his family while building a magical empire.
• JCPenney saved his business during the Great Depression using his life insurance, ensuring employees could continue serving families.
• Tom Brady has used similar structures to protect and grow his wealth while ensuring his family’s security.
• Ray Kroc, the visionary behind McDonald’s, used these strategies to build a global brand that still supports families and franchise owners.

The 702s Plan™ isn’t new—it’s proven.

For the first time, families and business owners can use this time-tested method—once reserved for the wealthy and insiders—to protect loved ones, grow wealth tax-free, and build a lasting legacy.​

Lifetime Tax-Free Distribution                                                               No                                Yes

Unlimited Contributions                                                                            No                                Yes

Protection from Stock Market Declines                                           No                               Yes

Access to Distribution                                                                               After 59.5                 After year 1

Living Benefits                                                                                                 No                                Yes

Estate Benefit                                                                                                  No                                Yes

Income tax due upon distribution                                                      Yes                               No

Loans must be paid back within 5 years                                          Yes                              At death

Early Distribution penalty                                                                       Yes                               No 

Annual gains locked in                                                                                No                                Yes

Provides Safety of Principal                                                                   No                                Yes

Wealth Transfer to heirs tax-free                                                       No                                Yes

The plan is portable take it whereever you go                            No                                Yes​

Employer Contributions Allowed                                                       Yes                               Yes

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The 401(k) plan was introduced in 1978 as part of the U.S. Revenue Act, providing a way for employees to contribute pre-tax income toward retirement savings, often with employer matching.

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In contrast, the 702s Plan was introduced in 2023 by William H. Steiner. This plan modernizes previous versions of similar insurance-based strategies, which have been in existence since the early 1900s, offering tax advantages and wealth-building opportunities within a life insurance framework.

While the 401(k) is widely known as a retirement savings vehicle, the 702s Plan combines elements of insurance and investment, providing a broader wealth management strategy.

 CLICK on image to arrange an online appointment with WH Steiner