Why You Should Get A Whole Life Insurance Policy

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  • Опубліковано 28 вер 2024
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    Kris Krohn is not in the business of providing personal, financial or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this document. Also, Kris Krohn, this document, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed and certified professionals should be sought. In addition, Kris Krohn does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.
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    The contents of this video are for informational and educational purposes only. They should not be considered investment, financial, legal or tax advice. Kris Krohn is not licensed in the insurance or securities industries and is not in the business of selling, soliciting or negotiating the sale of any insurance contract, security or other investment vehicle.
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КОМЕНТАРІ • 52

  • @JohnSmith-qq9jp
    @JohnSmith-qq9jp Рік тому +134

    Are you kidding? Agents make HUUUUGE commissions on these policies. Whole life policies typically return 1.5% annually, NOT 6-7%. Dead wrong about these

    • @DanielleShub
      @DanielleShub 10 місяців тому +4

      Actually about 4.5%

    • @richardluna4304
      @richardluna4304 10 місяців тому +3

      IULs have higher returns and is whole life

    • @danielsullivan7381
      @danielsullivan7381 9 місяців тому +5

      @@DanielleShub you’re not added in the massive upfront fees. Do that then do the math

    • @gabeaguilar9112
      @gabeaguilar9112 8 місяців тому

      This man is dealing with a weak company

    • @dwainrobinson2647
      @dwainrobinson2647 8 місяців тому

      Northwestern Mutual has the best whole life policy product

  • @JuicefulHabits
    @JuicefulHabits 5 місяців тому +1

    Do you have any company that you can recommend?

  • @Gursewaksinghsandhu
    @Gursewaksinghsandhu 9 місяців тому +2

    People said buy term invest the difference..but assume you choose bad stocks and you are dead 💀

  • @daddywrx1234
    @daddywrx1234 Рік тому +13

    Love the infinite banking concept

  • @HarjotSingh__
    @HarjotSingh__ Рік тому +5

    Tell me name of this policy

  • @omarlfacio
    @omarlfacio Рік тому +3

    So this instead of a Roth IRA? Genuine question, please explain

    • @Imanswisdom
      @Imanswisdom Рік тому

      There’s a lot of different benefits with both. It comes down to your personal financial goals, income, budget, risk, and how you want to spend retirement.

    • @cmc9823
      @cmc9823 10 місяців тому

      NO!

  • @rayatzin4359
    @rayatzin4359 10 місяців тому +1

    No bueno

  • @ChaceBonanno
    @ChaceBonanno Рік тому +23

    First of all, you can do that all without a life insurance policy using normal investment vehicles. Secondly, he desperately needs chapstick.

    • @diego5642
      @diego5642 11 місяців тому +4

      😂

    • @Nandranie-bu3pg
      @Nandranie-bu3pg 9 місяців тому +2

      Best comment

    • @multimeter2859
      @multimeter2859 6 місяців тому

      With investments though, you can't borrow as much, because of you borrow and a down year comes, you get margin called. That doesn't happen with WL.

  • @petitionmgt7297
    @petitionmgt7297 Рік тому +19

    Dont believe anthing this scammer says

  • @moggekungen
    @moggekungen Рік тому +44

    Hahaha omg this Guy must be trolling, he is saying everything opposite that everyone else is saying.

  • @FiatLuxGaming
    @FiatLuxGaming 2 місяці тому +1

    No. Got scammed into this 2 years ago and am now surrendering my policy. This nearly never makes sense

  • @lazstan
    @lazstan Рік тому +42

    How do I block this idiocy

  • @manonthemountain
    @manonthemountain 6 місяців тому

    This guys a scammer

  • @chiweitan96
    @chiweitan96 7 місяців тому +1

    What a scammer !

  • @kabsngandu8162
    @kabsngandu8162 8 місяців тому +1

    Lies...

  • @TrueWealthFinancial
    @TrueWealthFinancial 8 місяців тому +1

    Mind-blowing content! 🌪️

  • @HarjotSingh__
    @HarjotSingh__ Рік тому +2

    Tell me name of this policy

  • @Gursewaksinghsandhu
    @Gursewaksinghsandhu 9 місяців тому +1

    Always diversify buy what you need not what they sold them

  • @CraigBarrettEsquire
    @CraigBarrettEsquire 4 місяці тому

    put that money in an index fund instead.

  • @multimeter2859
    @multimeter2859 6 місяців тому

    Whole life ❤️

  • @raymolina7399
    @raymolina7399 7 місяців тому

    untouchable

  • @steve-on3234
    @steve-on3234 9 місяців тому +3

    Talk about misinformation. You broke the definition.

  • @garverfamily1739
    @garverfamily1739 5 місяців тому

    High early cash value life insurance is a solid savings vehicle for certain entrepreneurs and real estate investors as part of a larger wealth building strategy. That said, in a low interest rate environment you are not getting 6-7% IRR, likely 4% IRR after capitalization period. However, the money does grow tax free. Depending on your tax bracket, 4% tax free growth could be the equivalent of a 6-7% return subject to ordinary income. All financial products are tools - you need to know what you are building, what tools you’ll need, and how and when to use them effectively

    • @LEARMG1
      @LEARMG1 3 місяці тому

      You have a lot of time on your hands

  • @vonkanon3091
    @vonkanon3091 8 місяців тому +3

    I’m cashing in mine and going with a term life policy. Pay off CC debt and leaving a reserve fund in the bank.

  • @edmandell3064
    @edmandell3064 Рік тому +2

    what's the Tax benefits or cons to this?

  • @demetrius123S
    @demetrius123S Рік тому +2

    Why are you trying to hit the pockets of insurance agents?

  • @Letsgoo541
    @Letsgoo541 11 місяців тому +1

    Lier

  • @bgee5098
    @bgee5098 8 місяців тому +1

    Bad Advice..no but very bad advice

  • @flats6118
    @flats6118 Рік тому +1

    bs

  • @benholden6126
    @benholden6126 Рік тому +10

    IUL (indexed universal life) is a much better permanent insurance option with far better growth and much cheaper insurance cost than whole life, but has the same tax advantages and ability to take participating loans.

    • @aedanacheson6148
      @aedanacheson6148 Рік тому +8

      But it is riskier. Whole life is guaranteed. The goals Kris wants to achieve with his life insurance policy are different than the goals of an IUL.

    • @diego5642
      @diego5642 11 місяців тому

      What is an IUL?

  • @paulkose174
    @paulkose174 Рік тому +5

    Sounds Like an IUL which is spot on! And returns on average over last 100 years are 9.6%

    • @armenknyazyan9764
      @armenknyazyan9764 Рік тому +3

      IULs came out in 1997 they dont have a 100 year track record. Also IUls and WL rarely yield over 5-6%.