Whole Life Insurance Can Make Your Child A Millionaire
Вставка
- Опубліковано 31 лип 2024
- Whole Life Insurance Can Make Your Kid A Millionaire
Purchase a membership to the Lifetech Advisor Portal ► cashflw.co/membership
Learn how to have the Whole Life Conversation.
Get more clients to say yes with this PDF ► cashflw.co/wholelife
Join this channel to get access to perks:
/ @life180
==================================
Make sure not to miss a video from Chris! Click here to subscribe:
/ @life180
============================================
For a free clarity call with LIFE180, schedule here:
calendly.com/_life180/clarity...
============================================
0:00 - Whole Life Insurance for Children
1:00 - We must leave the world better than what we inherited
4:00 - What could the price of a coffee per day do to change your families future?
8:00 - What is the opportunity cost of your decisions?
10:00 - Parents will do for their kids what they won't do for themselves
11:30 - A look at the Child Millionaire software and calculator
15:00 - Whole Life Insurance for College Planning
17:20 - The importance of controlling your capital
19:90 - Bank Owned Life Insurance
24:20 - Setting Your Child up to Purchase Their First House
27:30 - Guest Appearance from My Baby Daughter, Kierland
29:00 - Get Your Dollars to Accomplish More Than 1 Need
33:00 - Conclusion and info on Child Millionaire software
==============================================
Amazing tools to build your business:
life180.com/ActiveCampaign
life180.com/ClickFunnels
life180.com/Dubb
life180.com/Canva
=================================================
POPULAR VIDEOS:
How to Use Whole Life Insurance as an Investment: • How to Use Whole Life ...
How to Properly Structure a Whole Life Policy: • The 4 Main Ways You Ca...
How to Pay Off Your Mortgage More Efficiently: • How To Pay Off Your Mo...
Doug Andrew EXPOSED: • Doug Andrew Exposed | ...
============================================================
• Whole Life Insurance C...
#ChildMillionaire #ColeSnell #ChrisKirkpatrick - Навчання та стиль
What are some ways to create cash flow outside of wall street? Comment below!
Learn How to use Whole Life Insurance As A Cash Flow Investment: ua-cam.com/video/HDORbHQqOLA/v-deo.html
Let's discuss your finances or life insurance business - click on the scheduling link in the description.
Okay so how do I get in touch with you to do this for my son
@@nikan6872 chris@life180.com
I’ve been trying to figure out all this insurance stuff I REALLY want to make sure my daughter is set when I’m gone 🙏🙏🙏
Our target audience that we are serving is young families, your professionals/entrepreneurs, so this video is perfect! Thank you Cole and Chris!!!
Banks profit from you doing what they TELL you to do. YOU profit from doing what they DO; not what they tell you to do! The And Asset gives you an incredible banking alternative. Vet this for yourself, and DO it!
I love these videos and interviews. More and more people need to look into high cash value whole life insurance by mutual insurance companies. Keep up the great work .
Thanks, KM! Love it!
Tremendous value in this one....
Great information.
Thank you so much for this. I am a new agent and a new grandmother and this was invaluable. I am so glad I discovered your videos.
Do you have any videos that speak to how agents can help people who got a late start in using insurance to protect assets and save towards retirement?
I have tons of videos on those topics. email me if you have specific questions, I can even make some content to answer them.
This video should have over a million views. Great job guys!
Thanks Kezon!
Please feel free to share 🙏🏆👊
Vermonter here!!! (& working for the post office) I need help doing this with my baby ! I’m researching everything and going to make her financially set. Thank you for this video. The only thing I wish is that there were more recommendations on good companies that provide the life insurance.
Hey fellow Vermonter! Where are you in VT? What post office? My mom was the Post Master in Williston for over a decade. Hinesburg before that.
Email Chris@life180.com and I'm happy to help you out.
I love Whole Life Insurance 💵
I love Coles shirt: Ca$h Value is King!
That rocks. Making #CashflowHacker shirts soon!
And a million dollars worth of personal income take 35% of that which goes to the government in taxes or maybe more depending on if taxes go up or how you filed for your taxes
yes
I have a 10 and 11 year old and I want to get on this train yesterday.
Hit me up Calendly.com/chriskirkpatrick/life180 if you want. I can connect you with someone
So 1 year ago the return was 6% for this program?
This system sounds great! I’m an advisor with Mass Mutual in the USA, can their whole life policies be downloaded into this system?
I believer their illustrations are one of the companies comprised of the calculations. You can go to cashflowhacking.com and set up a call with Canada to speak with Cole if you want more details.
This is so much easier to talk through with a client compared to an illustration. Is the software available to agents outside the IMO you're CMO for?
Yes, if you want to learn how to use the software or get a free 1 week trial to get started, reach out to me at Chris@life180.com and I will connect you with Cole
Hey @livetodance30 I represent Lifetech Design the creators of the software platform. We would love to show you how the platform works one on one. You can book a time on my calendar: calendly.com/lifetechdesignusa
This is great but we can all agree on that the government will catch on and they will probably require to add these type of accounts to show on FAFSA and etc. If not, then the life insurance policy regulations may have to change. It's awesome but everyone can do this right now and in a way "cheat the system."
Actually, they won't "catch on" because they know this is happening. They have known the entire time....
Which mutual life insurance companies do you create policies with?
I'm not licensed. BUT, I love Lafayette Life and Guardian. But once again, they need to be designed properly. The IMO I joined as CMO represents Guardian, Lafayette, Penn, and Mass.
How is it beating inflation, what is the IRR of return over 20, 40, etc years and also what is the dividend rate?
Gross Dividend Rate is around 5.5-6% depending on the company. Long term IRR is 4.5-5% net of all fees. That is also tax free
I am 26 years old thinking of everyway to secure the bag for my child , I refuse to leave my child with nothing but hardship when I leave this earth.
I love that you're thinking that way! Feel free to email Chris@life180.com if you need help answering any questions
How should you setup the Whole Life Insurance policies for the beneficiaries of a Trust whose premiums will be covered by the Trust, and who will be too young to use the money until they are 18 years old. It seems that they wouldn't need to have as much early access to the PUA. Can you give them a policy while they are a newborn and set it up for maximum growth until they are allowed to start using the PUA's? Would a 90 Base with a 10 PUA be best since you don't need to use any of the money right away?
Email Chris@life180.com and I can connect you with my specialist who deals with that.
Im new to this career as an advisor. Why does Dave Ramsey hate WL so much and how do I as an advisor combat against what he says. If you have a video on tht id love to see it
I have several videos on that. Search “Dave Ramsey LIFE180 “ and they should come up
What determines the max death benefit/premiums for a policy on an infant? Obviously, don’t have income multiples (30x, 25x, etc.) to work from… so as a grandparent, what rule of thumb for highest premium that could be accepted by underwriting?
General rule of thumb is the infant can have 50% of the death benefit coverage the parents have.
It could also be the same 50% rule as the grandparent
I am 34 and I just found out that my mom set up a $50,000 whole life insurance policy with PUA in my name 13 years ago, she’s only been putting $38 a month in it. I definitely need some help with this.
Reach out - Calendly.com/_life180/claritycall
They didn’t tell the details of how to exactly use life insurance for kids.
So u only are aBle to borrow the cash value that's been building up to do whatever it is you need to do. And pay a a monthly interest rate on that amount? When you die what happens to the cash value?
As the cash value builds, so does the death benefit. That way the cash value passes through the death benefit tax free INSTEAD of your heirs paying taxes on inheriting a savings account
@@LIFE180 so to be clear you were talking about how to make your kids millionaires using whole life insurance policy right? If that's the case then I thought u only inherit the death benefit not the cash value. Unless u pay for a rider that allows u to take the cash value as well, which is costly. Am I wrong?
A life insurance together with the brith certificate imagine if the government paid that for us as babbies by 25 we would all be able to own houses...thats it brother top notch ❤ what an economy ✊✊🏻✊🏾✊🏿
Why not a well structured IUL with minimum life policy?
Because IUL'S never perform the way they illustrate and the companies control all the levers of profitability.
@@LIFE180 even when activating 7702 rates which minimizes life policy and maximizes the accumulation? TIA
@@LIFE180 any feed back?
What software did he use?
It's a new software called Child Millionaire that I am helping bring into the USA
Reach out if you want to talk about it
Would be happy to work with Chris on giving you a demo!
How to withdraw this money? As a policy loans?
How can I start? I have 4 kids
Use this link to set up a call with my team:
Calendly.com/_life180/claritycall
Does while life have living benefits? Love your videos btw
Whole life has the same living benefits that IUL has
What insurance?
Whole life insurance that is specially designed for cash growth
So your target audience is ppl that have to sacrifice a coffee each day, but then you charge 1/3 of the amount to invest for services…makes total sense
I don't understand this comment? My audience is not people who need to sacrifice coffee everyday. That is just an example of the power of $5 / day. Nobody said you had to sacrifice going to Starbucks. And where do we charge 1/3 the amount to invest for services? Please explain? I love these drop and run comments with no substantiation...
I worry about fee's.
Fees? Explain further
What if the child starts at age 15 yrs? Is this still valuable 🤔
Yes. 100%. If you are thinking of college, there are some things you will want to consider very quickly as there is a 2 year lookback for the FAFSA. But getting a policy on your 15 year old to get them rolling on their financial life would still be a great decision
I wish I’d learned about this when my kids were younger. As it happened, I opened policies for both of them when they were around 15 yrs old. 8 yrs later, I’m thrilled I took that step!
What is "properly structured"? Be specific
I've done many vids on proper structure. I am a huge fan of big front loaded premiums (10x annual premium). Then do a 40/60 or 50/50 blend and it works amazing. Better long term and 91%+ short term liquidity.
Email Chris@life180.com if you have questions
@@LIFE180 🥰 😍 Thanks for the info. Now, I have not idea what all of this means BUT I am determined to get it digested, established and become and agent the preaches the "gospel" to the people 😆 🤣. I just DONT want to cause harm to people nor be a snake of an agent.
@@shemeher3380 Life Insurance - as an Investment / Asset / Savings Vehicle: ua-cam.com/play/PLrRnvQl4pMjj6V3ZJsl4DUiwP4YBAhR3u.html
That should help
Why would I want to keep my day job?
I mean....you likely wouldn't, lol.
This is terrible advice. An actual investment returning 6% would yield double the result and one averaging 9% would absolutely yield 4X at age 65 and 10X at age 75 and double the amount at age 20. Also, only a percentage of 529s count towards expected contributions.
529's are horrible because of market risk and sequence of return risks. That's the main reason.
To the point of growth being bigger in other investments, I don't disagree that whole life is a horrible investment. It's not an investment at all....it's a banking alternative for safe money that you can leverage for other investments. If you don't see or understand that, I encourage you to keep digging.
@@LIFE180lol you give absolutely shitty advice. Whole life is garbage and will always be garbage. It’s the last thing anyone should ever buy 😂😂😂
This took way too long to get to valuable content/conversation
thx. It's an old video
I try to do better now