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How do you set up a 770 account?

Updated: 9/23/2023
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9y ago

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A 770 account isn't a bank account. It is a life insurance policy. You would talk to an insurance agent or financial advisor to help you set one up. You can withdraw money from them and then pay yourself back, within limits. But be warned, they are not "secret," nor are they tax free. It can be a good long-term investment if you do your research, but it definitely isn't a get-rich quick scheme.

Read more about it here:

http://www.foxbusiness.com/personal-finance/2014/06/26/tax-story-behind-770-accounts/

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