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Whole Life Insurance Expert Stephen Devlin Has A Better Plan For Paying Off Your Mortgage

Stephen Devlin, best-selling author, insurance agent and financial coach, says paying off your mortgage faster might not be the most efficient use of your money.

 
PRLog - Apr. 7, 2014 - WINTER PARK, Fla. -- Best-selling author Stephen Devlin, leading expert on whole life insurance in Canada, published a new blog post “5 Reasons to Delay Paying Off Your House.” Devlin says it might be more financially advantageous to use your money to invest in a dividend paying whole life insurance policy, and effectively building your own “bank.”

Devlin says, “Let’s say you’re doing well financially and can make a huge down payment on your home. Good for you! Don’t do it. Increasing your mortgage payments or making a larger down payment both come with heavy opportunity costs. Before you make the decision, do the math and find out how much that money could benefit you by being put in to your dividend paying whole life insurance policy instead. You might find that you can pay off your home and make money doing it.”

Stephen and Michele Devlin are cofounders of MacDev Financial Group Corp. in Vancouver, British Columbia, and are the experts in Canada on participating whole life insurance. Stephen is a member of the National Academy of Best-Selling Authors for the best-selling book, The Secret to Lifetime Financial Security, in which he adapts the concepts of Pamela Yellen’s business model to create a simple and extremely effective money management system for Canadians.

The entire article can be found here (http://www.macdevfinancial.com/blog/5-reasons-to-delay-pa...).

Learn more about MacDev Financial Group Corp.  atwww.macdevfinancial.com

About Stephen Devlin:

Stephen Devlin is Canada’s leading expert on the Bank on Yourself concept. As both a best-selling author, insurance agent and consultant for several major life insurance companies in British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario, he is often requested for coaching Canadian individuals, families and corporations to become financially self-empowered. Stephen greatly enjoys coaching others and witnessing the results as businesses and families flourish under his guidance. Stephen lives in Vancouver with his wife and business partner, Michele, and their son.

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Location:Winter Park - Florida - United States
Industry:Finance, Investment
Tags:Stephen Devlin, MacDev Financial, Canadian Financial Advsior, financial advisor, financial planning
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