I realized while watching your video that I have a Massmutual term life insurance policy that can be converted into a whole life policy so I called my agent. I found out that he has a program that he calls debt to assets that uses a concept called Your Family Bank. Sure enough... it's infinite banking. We now have a call scheduled to discuss if it's right for me and my family. I really think it is. I'm excited and now I have a better understanding of what to talk to him about. I'm 47 now. I feel like I'm late to the party, but hopefully, I can get a good ball rolling at this point. Thank you so much for all the knowledge. This and velocity banking is finally making me feel like financial freedom is possible for me.
One other strategy that is working for me is I started my policy while still pay off debt. Im In my second year with velocity banking and infinite banking. You fund the policy then take a loan for most of the cash value. Once all your debt is gone you work on your loan on the policy. This way you can get a head start on funding and not wait until your debt free. This is one of the best attributes of having a policy, using money more than once. :) good video Denzel.
Hi, I’m interested in what you are doing with infinite banking. I’m trying to understand the interest charged when borrowing from the policy vs interest I pay to my heloc which one is less? How do you cash flow positive when you implement both strategies? Thank you
@@NGF-Life as far as interest charged, think about it like this.. you first have to fund the policy by buying more death benefit with PUAs. Then you can borrow the company's money with that future death benefit as collateral. This leaves the money that you funded the policy in place compounding. So when you pay the money back you are not where you started, but further along on the compounding curve then when you took the money out. The company I use has a 5% interest rate on the policy loans currently. The way they calculate it is great though, they don't charge you interest until the end of the year. Then they charge based on the daily outstanding balance of the loan. So if you borrowed $1000 and paid it back in 35 days, you would have to pay $13.70. That's .05/365*1000. Notice how efficient this is since you have all year before you have to worry about any interest compounding against you. Also after you pay back the loan, the money will compound in the right direction every year for the rest of your life and is acessesible tax free by taking out loans again. So if you do need to spend a 1000 for something it makes sense to first put it in your policy, then borrow and pay interest, then pay it back. A year or two after that you would have earned all the interest back, then every year onward you will make money on that 1000 dollars you spent to purchase something. Remember, you have 3 options: 1- pay with cash and give up the compounding interest that money you spent would have paid you forever, 2- pay with credit and pay someone else interest, & 3- use the IBC method I laid out above and get the best of both worlds, spend the money on whatever you want to buy and get the compounding interest in you favor after about 2 years when you are reimbursed for the interest the company charges you.
I like how you've explained this. I've had a policy set up for infinite banking for years, but my agent did not explain the numbers as thoroughly as you. Combining my policy with a HELOC is amazing. If I open another policy, I'll go through you. Great job.
Love your content, I recently chunk off my home mortgage, an apartment mortgage in DR, my car and my wife student loans with a HELOC. Now got license to do my own investment through the Infinity Banking Concept and help other family. THANK YOU
Identical policy I have a guardian policy almost exactly like yours. It is my second policy and I greatly appreciate this video because I now feel that I understand my policy more now. I am much older than you, yet still excited about how infinite banking will impact my financial future. Alway seeking financial freedom
The person that taught me velocity banking changed my life financially. He recommended your videos. It took me a year to get rid of 15,000 of debt. I manage my money awesomely. Thank you for ALL of your financial advice
Denzel, I'm currently interviewing 2 of the companies listed in the big 4 that practice IBC. However, I asked both agents if the policy was a 10/90 split and they both said, "HUH?!? I did the math on the PREMIUM/CV and discovered that one is in fact a 10/90 and the other is 25/75 but now I'm hesitant because of their lack of understanding. What say you Sir?
I really like the way you think.Its hard for some of us to forget the old way of thinking but that's what we need to do inorder to move on. I feel very encouraged and humbled to learn some financial skills from you!!
Please be aware of scams and accounts impersonating me. I do not sell investment advice, I never give out my number, I never use WhatsApp to conduct business. This is your warning to avoid scams.
I am enjoying your content my brother. Listening to your words you sound like you got your learning from Mathew P. from VIP. All good stuff. I have already started the process of using one of my credit cards to "Paycheck Park" my income and pay most of my bills. I can hardly wait to be ready for this "Family Bank" concept. Wish I found out about this sooner in life. Taking steps now though... Thank you for sharing your valuable content and time with us. Lee
All the information was accurate and insightful. I just don’t understand about the IUL being used for infinite banking. The entire concept is do what the banks and wealthy do. There is not one bank that I found who owns a IUL for the simple fact that is has guarantees of “0” for the cash value and death benefit. There is also on average over 25 different clauses and statements to change the policy amount and payments due with out consent and very little warning. You have been doing this longer then myself, so please let me know if I’m missing something. Also I do use IUL’s as growth tools for my clients with higher month cash flow, but there is always an exit strategy before age 70. We should sit down one day and pick each other’s brain. I like how you are transparent with everything and explain it so simple. So please don’t take the first part as an attack. Just seeking understanding and wanting to make sure the correct information is relayed to your viewers, who will surely run for the non guaranteed higher returns, and an agent with less integrity will happily take them for that higher commission.
Appreciate the comment I personally do not own or sell IULs according to my research there are other agents in the industry that use the term infinite banking and IUL together I show the options that currently exist to provide that transparency based on what I know so far
🤔 4-6% growth minus 2-3% interest paid if I borrow against it sounds like a net gain of 2-3%. I guess you have a point that is better than sitting in a savings account
Denzel I am just learning of these skills and how long will it take to start these infinte banking concepts? How long before I can set up a proper designed policy?
Hello Denzel, not sure if I have missed any, but I have not seen any videos of you speaking about velocity banking during this time of crisis. It would be great to hear your suggestions, thoughts? Thank you and stay safe!
Denzel can you recommend a cash value policy That would be a good. Fit for me? Thank you. I’ve learned so much from your videos in a short amount of time. Thank you!!!
Can you use your infinite money account/ life insurance to pay off cash back credit cards ? If so you have the potential to make 4-6% on your life insurance policy on top of earning 2-5% cash back on credit card raising your credit score more so while also potentially earning 11% return on money you were going to spend anyways especially if credit card churning 0%apr cards also how often are you able to borrow on insurance policy is there a fee? And can you borrow monthly? Also can you build an infinite account on a child to lower rates?
Agree 200%. I was like so..........it's like investing in life insurance policy that pays out dividend so you can withdraw those dividend as non tax cash to use to pay off other debt? I'm still confused.
I'm a 10 year career life agent, new to this banking concept licensed nationwide. I help businesses raise capital. I'd got some ideas & would love to get into your network!
I recently bought a policy before I new about this concept. I'm looking to get another policy with the proper riders. What should I be looking for, single, no dependents, debt free, non smoker.
@@GOLDPROPERTYPARTNERS125 purchased whole life fixed. Looking into variable and indexed options right now and other options for the whole life with a different time horizon.
When you said you borrow from yourself to pay irs , i thought when you borrow you borrow from the companies money , so you don't interrupt the compound interest on your money .? Second how much are the fees for these insurances , how do they their money ? thanks
I've tried researching this in the UK, but my findings seem to suggest that they have stopped applicable products. A shame as I really would like to try it. Until then I'll make do with velocity banking. If anyone knows any different please let me know.
Hi there, so far the only one I’ve found in England is Liberty Mutual, check them out they have cash value which you can access through loans! You can also give onlinemoneyadvisers.Co.uk a ring as they have a host of insurance agents they can put you through to, this will be my next step. Also since I’m in England there may be some available to you if you’re in Scotland, Ireland or Wales.
Evelyne Thelusma as of right I currently do not sell universal life I haven’t found enough evidence yet that it is a reliable product to establish for the infinite banking concept. But I’m learning and remain open minded
I don't get it . if you have 10k in the bank and pay taxes thats the end of the story. But if you have it in a policy and take it out you have to pay it back
You are correct. Only difference is that 10k sitting in the bank wasn’t earning anything it’s money that leaves your economy no matter what. The 10k sitting in a policy earns money forever I earn uninterrupted compound interest regardless of the loan. It’s kind of like a mortgage on a property, the property continues to appreciate in value regardless of the loan. The other nice part is the money got used twice it paid for my taxes and I have an increasing death benefit. It’s just an alternative place to store cash until you are ready to use it.
@@DenzelNapoleonRodriguez Do you have to leave your dividends earned in your policy or can you take them out. And if you take them out do you have to pay them back
I fear that a financial poop hitting the fan is about to take place, I wonder how secure whole life insurance investments would be if that happens. By the way, thanks for the video, great explanations.
I believe based on history cash value life insurance is very secure based on history. Life insurance has been around longer than the IRS and many other financial products. I use life insurance a like a hedge similar to gold, silver, and crypto.
The high debt would be taking away the needed funds that you could of been putting towards the policy. Plus you would be throwing away money in interest that you are paying by holding on to debt for a longer period of time. Pay the debt quickly and then move that money into a policy. Velocity Banking is what you need before you do the Infinite Banking Concept. Hope that helped you.
@@DenzelNapoleonRodriguez so should I go to your website instead? I need to get an evaluation of ny situation to see what my options are.... already bough the book “become your own banker both in English and Spanish....
Hi, I already watch few of your videos about ibc and vb for some time now and it was an eye opener. Just a few questions, considering I have 50k policy with 10 90 split, mec limit about 57k because 50k is the max i can pay. I want to pay the policy for max 4 yrs. Question: 1. If I can pay the whole 50k in a year, is it wise to just pay it up front or putting PUA rider is much better? 2. Or placing PUA will gets me to pay more? 3. If adding PUA is a much better choice, do I need to pay for PUA every year? 4. with PUA, if I stop paying for the premium at the 4th yr, then decide to have PUA again on the 7th yr, is it possible? thanks.
1-2) You only gain the advantages of IBC once premiums are paid. When you pay the money in flexible policys first the base premiums are paid (the insurance expense) then the money goes to paid up insurance (the cash value). The faster you pay the faster you get cash. 3) To keep the policy in force you must pay the base premium, over time this slowly generates cash value. The way I see it I want to deposit cash (as PUA) into a bank I own and control for as long as possible. 4) For a policy not to become a MEC it must be funded for 7 years before becoming a reduced paid up policy. In the situation above an agent would probably recommend you paying 50k a year for 4 and then the policy borrowing against it's self for the base premium (~5k) years 5-7 with no PUA contributions. During that time you could add PUA on your own (~45k). The policy would at that time convert to a reduced paid up and no further payments can be made. Do not fear capitalizing a policy you own and control, and think long range (several decade), and don't steal from the system. That is the foundation of IBC.
I am beginning to believe you don't even know what you are talking about. You cannot borrow money from your policy and lend it out at 3% and still make money. Do that long enough and you will go broke. I believe you need to study insurance policies a bit more. Insurance companies are not in the business of losing money. There is no printing press in the basement.
I absolutely agree with you no printing press in the basement. With my life insurance policy when I borrow money out at the interest rate they charge me I am earning the same amount in the policy at a higher rate because I borrow out less than the total amount of money I have in there. The insurance company is willing to do this because they just minus the loan amount from my death benefit not my cash value. For example I have 131k in cash value in policy growing anywhere from 4-6% gross. I have a cash value loan in the amount of 70k and I am being charged 5.6% simple interest. The insurance company credits me a 6% loan interest rate on the 70k and the difference between 70k and 131k will still earn the same dividend rate that the insurance company displays. My total death benefit will drop 70k dollar for dollar until I pay back the loan. Now the key is what to do with the 70k once it is out. Me personally I use it to simply run annual expenses personally and business so the 70k that I borrowed out is money I was going to spend regardless of what I do with my free cashflow. So I figured why not put that money in my private bank account instead of a checking or a savings where it is earning much less when it sits and does nothing while it waits to be spent. If you would like to have a conversation you can email me and I can show my policy and all my numbers. Denzel@buildertocontributor.com I actually have public videos where I display this out for everyone to see to be transparent and honest.
Hey Denzel, I've heard a lot and have seen that this thing works on Whole Life policy but haven't seen examples on Universal Life Policy. Is it possible on UL policy? Awesome video btw
When you learn the difference between money and currency, then I'll be more than happy to listen to this. Here a question. What was a talent in biblical days? was it a piece of paper what was it something real like gold or silver?
As a 59 year old non-smoking male in very good health the policies I've found start at $200 a month and are horrible for this. Hoping to follow your post for answers.
Hello yes I am if you click the link in the description it will take you to a website to get in contact with my team that helped me design my own policies
This is really sad to see. People are paying insurance companies to save money. I don’t even know where to start with how many way this is wrong. If you can fund 70K a year plus the premium 7K for the next 20+ years then why not buy a business, start a business or just save in a high yield CD if you are risk adverse. With cash flow that high just insure yourself. What this video is telling people is, an insurance company can manage your money better than you can. Furthermore agents do agree to this because they get paid of the commission this agents are incentivize to create policies like this, that’s why they are hard to find. The people who make these videos never share the agents that are crafting these policies. Share the agents branch so we can all benefit. People work hard to build up the cash value and the can only Borrow against their money and surrender the cash value at death in exchange for the death benefit. But where did all the cash value go... oh yeah to the insurance company. Whole life insurance is not an investment it is insurance. Insurance cost money. Investments make money.
Christopher A. Owens I value your opinion traditional whole life insurance is definitely not an investment. Insurance definitely cost money. I have never seen a high yield CD earn more than 4% my life insurance policy does better than a CD. Based on the knowledge you gave it sounds like your saying give your money to the bank and they will manage it better than you???? I’m confused. I do have a business helping people manage their money on this channel I have more than just this one video so hopefully you will take a deeper dive into the material that I teach so you can have a full understanding. I’m also more than happy to have a conversation with you and dialogue on what is the most effective strategy for people to do with their money. Who knows maybe you can teach me something. I’m 24 years old I’m open minded and excited to learn new things. What do you say would like to talk first and make a clear analysis afterwards?
Denzel Napoleon Rodriguez I enjoy your videos on velocity banking and really appreciate the deep dive you do with those numbers. Furthermore you are right, that I have only experienced one time from navy federal credit union where I was able to return a little over 4% on my CD but it took a substantial amount of money. My reference to the bank just meant you would be more in control of you held your money in a money market account and bought investments that fit your portfolio goals. Or, you can invest in an index fund and on average get a better rate of return then 4%. Also, I personally have an account with E*Trade and can use a LOC at 3.2% and borrow against my investments and both the LOC and stocks and mutual funds still are growing, while my job covers a term life policy. I think when referring to insurance policies there isn’t much flexibility that you have with the premium payments or the amount it cost to borrow against the cash value. I personally think dollar for dollar a savvy due diligence person like yourself would be able to find better consistent investments with larger returns than the 4% rate of return you are advocating. Would love to chat off line for details and I will look at some more of your videos. Keep up the grind my friend!
Christopher A. Owens yeah I totally agree most policies are not flexible and poorly designed but that isn’t the case for mine I have the policy and I do everything your talking about in addition to having the policy so I don’t have to choose or the other I can have both. I use my policy like a checking account at a bank 🏦 it’s a place to simply store money tax free have it compound over time while simultaneously using it to invest in real estate, the stock market, forex, HSA, Roth, my business, etc. but yes I love engaging in dialogue you can send me an email denzel@buildertocontributor.com
Investments make money temporarily -until you are ready to spend what's left after the IRS takes their chunk! From what I'm reading it appears someone is sitting at your table eating your bread that you did not expect. None of your bread is ALL yours!
Sorry, cash must stay. Suppose, what happen if one entity has discovered how to circumvent the blockchain? Well, we must use crude ammo to fight for our financial liberty.
Check out this video for an update on infinite banking in 2021. - ua-cam.com/video/iVQjVxfvp8M/v-deo.html
Bro this is hella fire, i haven't seen anyone be this transparent as far as design and explanation. I respect it!
I realized while watching your video that I have a Massmutual term life insurance policy that can be converted into a whole life policy so I called my agent. I found out that he has a program that he calls debt to assets that uses a concept called Your Family Bank. Sure enough... it's infinite banking. We now have a call scheduled to discuss if it's right for me and my family. I really think it is. I'm excited and now I have a better understanding of what to talk to him about. I'm 47 now. I feel like I'm late to the party, but hopefully, I can get a good ball rolling at this point. Thank you so much for all the knowledge. This and velocity banking is finally making me feel like financial freedom is possible for me.
Can you share the name of the company that has this program
@@natashasmith7181 I re read her comment. She said it was a Mass Mutual policy. Hope that helps.
One other strategy that is working for me is I started my policy while still pay off debt. Im In my second year with velocity banking and infinite banking. You fund the policy then take a loan for most of the cash value. Once all your debt is gone you work on your loan on the policy. This way you can get a head start on funding and not wait until your debt free. This is one of the best attributes of having a policy, using money more than once. :) good video Denzel.
If you don’t mind me asking, who did you go through
Hi, I’m interested in what you are doing with infinite banking. I’m trying to understand the interest charged when borrowing from the policy vs interest I pay to my heloc which one is less? How do you cash flow positive when you implement both strategies? Thank you
@@NGF-Life as far as interest charged, think about it like this.. you first have to fund the policy by buying more death benefit with PUAs. Then you can borrow the company's money with that future death benefit as collateral. This leaves the money that you funded the policy in place compounding. So when you pay the money back you are not where you started, but further along on the compounding curve then when you took the money out. The company I use has a 5% interest rate on the policy loans currently. The way they calculate it is great though, they don't charge you interest until the end of the year. Then they charge based on the daily outstanding balance of the loan. So if you borrowed $1000 and paid it back in 35 days, you would have to pay $13.70. That's .05/365*1000. Notice how efficient this is since you have all year before you have to worry about any interest compounding against you. Also after you pay back the loan, the money will compound in the right direction every year for the rest of your life and is acessesible tax free by taking out loans again. So if you do need to spend a 1000 for something it makes sense to first put it in your policy, then borrow and pay interest, then pay it back. A year or two after that you would have earned all the interest back, then every year onward you will make money on that 1000 dollars you spent to purchase something. Remember, you have 3 options: 1- pay with cash and give up the compounding interest that money you spent would have paid you forever, 2- pay with credit and pay someone else interest, & 3- use the IBC method I laid out above and get the best of both worlds, spend the money on whatever you want to buy and get the compounding interest in you favor after about 2 years when you are reimbursed for the interest the company charges you.
Who did you end up using for the velocity banking? This is where I will b starting...
@@natnathutchins to be honest I did it on my own. Denzel is great tho and if I was going to use someone he would be up there on my short list.
I like how you've explained this. I've had a policy set up for infinite banking for years, but my agent did not explain the numbers as thoroughly as you. Combining my policy with a HELOC is amazing. If I open another policy, I'll go through you. Great job.
Love your content, I recently chunk off my home mortgage, an apartment mortgage in DR, my car and my wife student loans with a HELOC. Now got license to do my own investment through the Infinity Banking Concept and help other family. THANK YOU
Identical policy
I have a guardian policy almost exactly like yours. It is my second policy and I greatly appreciate this video because I now feel that I understand my policy more now.
I am much older than you, yet still excited about how infinite banking will impact my financial future.
Alway seeking financial freedom
Hi there .
Just wondering who do you bank with that has this particular policy. .
I'm in TX. by the way .
Thank you and Merry Christmas
The person that taught me velocity banking changed my life financially. He recommended your videos. It took me a year to get rid of 15,000 of debt. I manage my money awesomely. Thank you for ALL of your financial advice
Denzel, I'm currently interviewing 2 of the companies listed in the big 4 that practice IBC. However, I asked both agents if the policy was a 10/90 split and they both said, "HUH?!? I did the math on the PREMIUM/CV and discovered that one is in fact a 10/90 and the other is 25/75 but now I'm hesitant because of their lack of understanding.
What say you Sir?
I really like the way you think.Its hard for some of us to forget the old way of thinking but that's what we need to do inorder to move on.
I feel very encouraged and humbled to learn some financial skills from you!!
Please be aware of scams and accounts impersonating me. I do not sell investment advice, I never give out my number, I never use WhatsApp to conduct business. This is your warning to avoid scams.
i love this...i have an Agent an He is VERY Knowledgeable and loves teaching me this Infinite Banking Game... your Telling the Truth Fam
Can you share his name and company
So much substance. So eloquently shared. You’re Dope for this Info💯💪🏽
Just started the policy process, waiting on my health check up now. Did half a million death benefit.
Just wanted to know who you bank with that just this type of policy time in Texas I haven't found one yet ..
Thank you and Merry Christmas
I am enjoying your content my brother. Listening to your words you sound like you got your learning from Mathew P. from VIP. All good stuff. I have already started the process of using one of my credit cards to "Paycheck Park" my income and pay most of my bills. I can hardly wait to be ready for this "Family Bank" concept. Wish I found out about this sooner in life. Taking steps now though...
Thank you for sharing your valuable content and time with us.
Lee
All the information was accurate and insightful. I just don’t understand about the IUL being used for infinite banking. The entire concept is do what the banks and wealthy do. There is not one bank that I found who owns a IUL for the simple fact that is has guarantees of “0” for the cash value and death benefit.
There is also on average over 25 different clauses and statements to change the policy amount and payments due with out consent and very little warning.
You have been doing this longer then myself, so please let me know if I’m missing something.
Also I do use IUL’s as growth tools for my clients with higher month cash flow, but there is always an exit strategy before age 70.
We should sit down one day and pick each other’s brain. I like how you are transparent with everything and explain it so simple. So please don’t take the first part as an attack. Just seeking understanding and wanting to make sure the correct information is relayed to your viewers, who will surely run for the non guaranteed higher returns, and an agent with less integrity will happily take them for that higher commission.
Appreciate the comment I personally do not own or sell IULs according to my research there are other agents in the industry that use the term infinite banking and IUL together I show the options that currently exist to provide that transparency based on what I know so far
I go to Thailand every year and your shirts look like the style they make at the custom taylors. Good stuff!!
🤔 4-6% growth minus 2-3% interest paid if I borrow against it sounds like a net gain of 2-3%. I guess you have a point that is better than sitting in a savings account
Denzel you have blessed me indeed!
Hi Denzel, do you have any idea is this concept is feasible to work out in India currently thru any Insurance Company / agents, advise, thanks...!!!
Thanks Denzel! This was some of the info I’ve been trying to find on the internet and hadn’t yet! I appreciate you!
I used to be a Lender...stay away from it..too many go BELLY up. Private Lenders don't have the same protection as Bank Charters!
Hello Danzel
I been watching you videos about velocity banking.
Love them.
I was wondering if you have this concept in spanish videos
Be well. Thanks
What's the lowest you can put in per month's? But still take advantage of the cash flow extractions as as loans? From this type of insurance?
Thank you for this breakdown. I learned so much.
So, which do you recommend I start with, IBC or VB? Thanks already!
Do you model this for everyone. Some one who might only have 5,000 a year to put in or only has a income of 30,000 a year.
Denzel I am just learning of these skills and how long will it take to start these infinte banking concepts? How long before I can set up a proper designed policy?
Hello Denzel, not sure if I have missed any, but I have not seen any videos of you speaking about velocity banking during this time of crisis. It would be great to hear your suggestions, thoughts?
Thank you and stay safe!
Denzel can you recommend a cash value policy That would be a good. Fit for me? Thank you.
I’ve learned so much from your videos in a short amount of time. Thank you!!!
Can you use your infinite money account/ life insurance to pay off cash back credit cards ? If so you have the potential to make 4-6% on your life insurance policy on top of earning 2-5% cash back on credit card raising your credit score more so while also potentially earning 11% return on money you were going to spend anyways especially if credit card churning 0%apr cards also how often are you able to borrow on insurance policy is there a fee? And can you borrow monthly? Also can you build an infinite account on a child to lower rates?
I have a policy through penn mutual. Took me 2 years because most people on youtube promote universal life, had me confused
Nice work on this. Great presentation.
Steve Parisi Thanks man I appreciate that
You explained as if everybody knew what Infinite Bankingis. Why don't you make a video explaining what is Infiniti Banking for beginners?
Agree 200%. I was like so..........it's like investing in life insurance policy that pays out dividend so you can withdraw those dividend as non tax cash to use to pay off other debt? I'm still confused.
I'm a 10 year career life agent, new to this banking concept licensed nationwide. I help businesses raise capital. I'd got some ideas & would love to get into your network!
what about people that are already debt free and already in their 60s
I recently bought a policy before I new about this concept. I'm looking to get another policy with the proper riders. What should I be looking for, single, no dependents, debt free, non smoker.
Do you want a guaranteed product or a variable policy based on market returns?
@@seanrichardson257 guaranteed
please
Same situation here as Luis. If anyone could please comment?
@@petro_eng6058 did you purchase already or still looking?
@@GOLDPROPERTYPARTNERS125 purchased whole life fixed. Looking into variable and indexed options right now and other options for the whole life with a different time horizon.
When you said you borrow from yourself to pay irs , i thought when you borrow you borrow from the companies money , so you don't interrupt the compound interest on your money .? Second how much are the fees for these insurances , how do they their money ? thanks
I have the same desire!! Be a Lender!
Are you offering personal help? I have been doing something like this...but got lost somewhere..thanks.
Loved Mandalorian reference
I've tried researching this in the UK, but my findings seem to suggest that they have stopped applicable products. A shame as I really would like to try it. Until then I'll make do with velocity banking.
If anyone knows any different please let me know.
Hi there, so far the only one I’ve found in England is Liberty Mutual, check them out they have cash value which you can access through loans! You can also give onlinemoneyadvisers.Co.uk a ring as they have a host of insurance agents they can put you through to, this will be my next step. Also since I’m in England there may be some available to you if you’re in Scotland, Ireland or Wales.
@@Miiellee_rayon thank you I'll have a look. Hopefully I can utilise it.
If I create a policy on my Child, can I get a 10/90 Split and can I Borrow against that Policy ?
I would like to talk with you over the phone to see if you could be our agent. Is this possible?
Hi Denzel, are you also an agent for Guardian? I would like to start the infinity banking strategy. Can you write me the policy?
I’m an agent how can I help?
Hello Denzel I m curious about where Universal life insurance comes in.plz reply.thx
Evelyne Thelusma as of right I currently do not sell universal life I haven’t found enough evidence yet that it is a reliable product to establish for the infinite banking concept. But I’m learning and remain open minded
I don't get it . if you have 10k in the bank and pay taxes thats the end of the story. But if you have it in a policy and take it out you have to pay it back
You are correct. Only difference is that 10k sitting in the bank wasn’t earning anything it’s money that leaves your economy no matter what. The 10k sitting in a policy earns money forever I earn uninterrupted compound interest regardless of the loan. It’s kind of like a mortgage on a property, the property continues to appreciate in value regardless of the loan. The other nice part is the money got used twice it paid for my taxes and I have an increasing death benefit. It’s just an alternative place to store cash until you are ready to use it.
You also have the option to never pay back the loan, pay back the loan immediately or on your own terms.
@@DenzelNapoleonRodriguez If you never pay back the loan, it knocks it off your total death benefit, am I right?
@@DenzelNapoleonRodriguez Do you have to leave your dividends earned in your policy or can you take them out. And if you take them out do you have to pay them back
@@jmac129 correct death benefit is collateral
Well explained. Thought out.
Great brother ,
I fear that a financial poop hitting the fan is about to take place, I wonder how secure whole life insurance investments would be if that happens. By the way, thanks for the video, great explanations.
I believe based on history cash value life insurance is very secure based on history. Life insurance has been around longer than the IRS and many other financial products. I use life insurance a like a hedge similar to gold, silver, and crypto.
@@DenzelNapoleonRodriguez Thanks for the explanation!
GR8 build!
Why is it bad to have high debt before starting the policy? Is it because of the premiums you pay into at the beginning?
The high debt would be taking away the needed funds that you could of been putting towards the policy. Plus you would be throwing away money in interest that you are paying by holding on to debt for a longer period of time. Pay the debt quickly and then move that money into a policy. Velocity Banking is what you need before you do the Infinite Banking Concept. Hope that helped you.
20,000 to 200,000 a month....what am I missing?
Hi, can I do this insurance policy if I don't live I USA ( I live in England )
Hello friend, I sent the text and click on the link but it no longer exist?
Hello I just recently closed all my programs so I need to update some links on my end
@@DenzelNapoleonRodriguez so should I go to your website instead? I need to get an evaluation of ny situation to see what my options are.... already bough the book “become your own banker both in English and Spanish....
@@filiplopz550 if you are looking to put a policy on place you can visit my website here www.denzelrodriguez.com/IBC
@@DenzelNapoleonRodriguezGreat! Thank you
With regards to the taxes you pay once a year. Do you take the penalty for not paying throughout the year or quarterly?
What are your thoughts on using Northwestern Mutual for a policy?
would it make sense and is it possible to cashout refinance say for an entire $100k and invest in a whole life insurance?
Thank you so much
If I have insurance whole life can I roll it over to this banking system and use it to begin
Whose your agent? I’m in South Florida. I don’t want to spend 9 months looking for someone
im an agent, how can i help?
My 401K is setup with Massmutual!
Can you give a list of good agents and companies in southern california?
cool innovation I would start here denzelrodrigueztraining.mykajabi.com/IBC
@@DenzelNapoleonRodriguez thank you Denzel! I really enjoyed your video the L.O.C and velocity blanking! Very well explained!
I would like to chat with you some more. I had someone reach out to me to help him with his marketing but I'm not sure if he is the right fit.
Can we use you
Agents don't know either. Tried
Hi, I already watch few of your videos about ibc and vb for some time now and it was an eye opener. Just a few questions, considering I have 50k policy with 10 90 split, mec limit about 57k because 50k is the max i can pay. I want to pay the policy for max 4 yrs.
Question:
1. If I can pay the whole 50k in a year, is it wise to just pay it up front or putting PUA rider is much better?
2. Or placing PUA will gets me to pay more?
3. If adding PUA is a much better choice, do I need to pay for PUA every year?
4. with PUA, if I stop paying for the premium at the 4th yr, then decide to have PUA again on the 7th yr, is it possible?
thanks.
1-2) You only gain the advantages of IBC once premiums are paid. When you pay the money in flexible policys first the base premiums are paid (the insurance expense) then the money goes to paid up insurance (the cash value). The faster you pay the faster you get cash.
3) To keep the policy in force you must pay the base premium, over time this slowly generates cash value. The way I see it I want to deposit cash (as PUA) into a bank I own and control for as long as possible.
4) For a policy not to become a MEC it must be funded for 7 years before becoming a reduced paid up policy. In the situation above an agent would probably recommend you paying 50k a year for 4 and then the policy borrowing against it's self for the base premium (~5k) years 5-7 with no PUA contributions. During that time you could add PUA on your own (~45k). The policy would at that time convert to a reduced paid up and no further payments can be made.
Do not fear capitalizing a policy you own and control, and think long range (several decade), and don't steal from the system. That is the foundation of IBC.
I am beginning to believe you don't even know what you are talking about. You cannot borrow money from your policy and lend it out at 3% and still make money. Do that long enough and you will go broke. I believe you need to study insurance policies a bit more.
Insurance companies are not in the business of losing money. There is no printing press in the basement.
I absolutely agree with you no printing press in the basement. With my life insurance policy when I borrow money out at the interest rate they charge me I am earning the same amount in the policy at a higher rate because I borrow out less than the total amount of money I have in there. The insurance company is willing to do this because they just minus the loan amount from my death benefit not my cash value. For example I have 131k in cash value in policy growing anywhere from 4-6% gross. I have a cash value loan in the amount of 70k and I am being charged 5.6% simple interest. The insurance company credits me a 6% loan interest rate on the 70k and the difference between 70k and 131k will still earn the same dividend rate that the insurance company displays. My total death benefit will drop 70k dollar for dollar until I pay back the loan. Now the key is what to do with the 70k once it is out. Me personally I use it to simply run annual expenses personally and business so the 70k that I borrowed out is money I was going to spend regardless of what I do with my free cashflow. So I figured why not put that money in my private bank account instead of a checking or a savings where it is earning much less when it sits and does nothing while it waits to be spent. If you would like to have a conversation you can email me and I can show my policy and all my numbers. Denzel@buildertocontributor.com I actually have public videos where I display this out for everyone to see to be transparent and honest.
Hey Denzel,
I've heard a lot and have seen that this thing works on Whole Life policy but haven't seen examples on Universal Life Policy. Is it possible on UL policy?
Awesome video btw
Hi Denzel great video. I m curious as too UL as well.
Yes it can, but it depends on the company and the policy set up that you have. I can run you an example.
When you learn the difference between money and currency, then I'll be more than happy to listen to this. Here a question. What was a talent in biblical days? was it a piece of paper what was it something real like gold or silver?
How can I use infinite banking to get rid off credit card debt???
Yes.
Do you have a list of who would give a policy for a 41 year old male?
As a 59 year old non-smoking male in very good health the policies I've found start at $200 a month and are horrible for this. Hoping to follow your post for answers.
Are you an agent?
Hello yes I am if you click the link in the description it will take you to a website to get in contact with my team that helped me design my own policies
This is really sad to see. People are paying insurance companies to save money. I don’t even know where to start with how many way this is wrong. If you can fund 70K a year plus the premium 7K for the next 20+ years then why not buy a business, start a business or just save in a high yield CD if you are risk adverse. With cash flow that high just insure yourself. What this video is telling people is, an insurance company can manage your money better than you can. Furthermore agents do agree to this because they get paid of the commission this agents are incentivize to create policies like this, that’s why they are hard to find. The people who make these videos never share the agents that are crafting these policies. Share the agents branch so we can all benefit. People work hard to build up the cash value and the can only Borrow against their money and surrender the cash value at death in exchange for the death benefit. But where did all the cash value go... oh yeah to the insurance company. Whole life insurance is not an investment it is insurance. Insurance cost money. Investments make money.
Christopher A. Owens I value your opinion traditional whole life insurance is definitely not an investment. Insurance definitely cost money. I have never seen a high yield CD earn more than 4% my life insurance policy does better than a CD. Based on the knowledge you gave it sounds like your saying give your money to the bank and they will manage it better than you???? I’m confused. I do have a business helping people manage their money on this channel I have more than just this one video so hopefully you will take a deeper dive into the material that I teach so you can have a full understanding. I’m also more than happy to have a conversation with you and dialogue on what is the most effective strategy for people to do with their money. Who knows maybe you can teach me something. I’m 24 years old I’m open minded and excited to learn new things. What do you say would like to talk first and make a clear analysis afterwards?
Denzel Napoleon Rodriguez I enjoy your videos on velocity banking and really appreciate the deep dive you do with those numbers. Furthermore you are right, that I have only experienced one time from navy federal credit union where I was able to return a little over 4% on my CD but it took a substantial amount of money. My reference to the bank just meant you would be more in control of you held your money in a money market account and bought investments that fit your portfolio goals. Or, you can invest in an index fund and on average get a better rate of return then 4%. Also, I personally have an account with E*Trade and can use a LOC at 3.2% and borrow against my investments and both the LOC and stocks and mutual funds still are growing, while my job covers a term life policy. I think when referring to insurance policies there isn’t much flexibility that you have with the premium payments or the amount it cost to borrow against the cash value. I personally think dollar for dollar a savvy due diligence person like yourself would be able to find better consistent investments with larger returns than the 4% rate of return you are advocating. Would love to chat off line for details and I will look at some more of your videos. Keep up the grind my friend!
Christopher A. Owens yeah I totally agree most policies are not flexible and poorly designed but that isn’t the case for mine I have the policy and I do everything your talking about in addition to having the policy so I don’t have to choose or the other I can have both. I use my policy like a checking account at a bank 🏦 it’s a place to simply store money tax free have it compound over time while simultaneously using it to invest in real estate, the stock market, forex, HSA, Roth, my business, etc. but yes I love engaging in dialogue you can send me an email denzel@buildertocontributor.com
Investments make money temporarily -until you are ready to spend what's left after the IRS takes their chunk! From what I'm reading it appears someone is sitting at your table eating your bread that you did not expect. None of your bread is ALL yours!
Sorry, cash must stay. Suppose, what happen if one entity has discovered how to circumvent the blockchain? Well, we must use crude ammo to fight for our financial liberty.