Whole Life Insurance | The COMPLETE Guide
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- Опубліковано 31 лип 2024
- Whole Life Insurance is a flexible and powerful asset that most people don't understand. In this video, I explain the technicals of whole life insurance you need to understand before you purchase a policy. By the end, you will see why whole life is so powerful and why you should use whole life insurance over indexed universal life (IUL).
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📖 Chapter Timestamps Here ⏰
0:00 The Complete Guide To Whole Life Insurance Intro
1:45 Overview Of Considerations for Whole Life Insurance
2:35 What Happens To Your Money When You Pay Your Whole Life Insurance Premium
4:45 Different Types of Participating Mutually Held Whole Life Insurance Companies
11:00 What Matters Most When You Choose A Whole Life Insurance Company
12:45 What Type of Policy Design Should You Use With Whole Life Insurance
14:35 What Are Paid Up Additions? Understanding PUA's
19:25 Why Use Whole Life Insurance Instead of Indexed Universal Life Insurance
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VALUABLE CONTENT TO CONTINUE THE EDUCATIONAL JOURNEY:
How To Properly Structure A Whole Life Policy
• How to Properly Struct...
Indexed Universal Life vs Whole Life - Which is Better
• Indexed Universal Life...
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🤔 ABOUT LIFE180 😃
Chris Kirkpatrick launched LIFE180 as a solution to a problem. As the director of business development for a Fortune 1000 life insurance / broker dealer, he became disenchanted with the financial industry because of the lack of education provided to clients and how "financial advisors" were really just glorified sales people.
So... LIFE180 was launched to help give relevant financial education for people to create wealth. Along the journey, LIFE180 has evolved. Chris quickly realized he was passionate about not just helping entrepreneurs on how to leverage their money, but how to build their businesses.
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Great video, I look forward to meeting with your team.
Do a video on how money is made by the seller of the product. These companies aren't charities and have reasons and motivations to sell life insurance for a reason. So give us the reverse view of why life insurance companies offer this product and why it is so lucrative for them.
Thanks Chris!
Any time!
To be honesy with you that I watch no more than 5 UA-camrs channels for Life insurance, you and Bobby Samuelson are my favorites!
nice video
Thanks
nice
Thanks!
PUA - question ?
If you get this Ryder, and U can add X amount… do you have to ? or can U only add half the amount ? How does it work ?
Do you have to get a certain amount of PUA’s like 5-10 of them
Or do you get them with a dollar amount on them such as 100k
This is a much more involved answer than I can give with this line of question. If you want to email Chris@LIFE180.com I will do my best to help sort through your thought.
If I don't borrow any money do I get good credit or dividend?
Yes. Even if you borrow money you get it...
How much dividends do I get?
Depends on the company. But normally 5-6% is the dividend. But you also have to make sure the policy is structured properly.
How can I meet with your team
Life180.com/clarity-call will help you set up a call
Llegué aquí por la recompensa
What reward?
19:05
What was it at that time that stood out?
@@LIFE180the sound you made
Sorry man, this video is like every other on UA-cam trying to explain a whole life policy and it flies over everyone's head. Too many agents get in to the weeds with the features of a policy while they glance over the BENEFITS of owning a policy. Start with the WHY! Consumers want to understand the benefits of having a Whole Life policy in their portfolio and how they can use it to build wealth. So far, I have yet to see a video that clearly explains the benefits, without getting into the weeds and loosing the audience.
In short a whole life policy is a tax favorable tool to have in your portfolio that provides both a guaranteed death benefit, and... a source of affordable, easy to access capitol to make purchases, investments or provide income in your future. A policy alone won't make you wealthy but, it can provide you liquid access to other people's money to make investments in noteworthy ROI opportunities that can build wealth such as (real estate, stocks, bonds, education, businesses, capitol equipment, etc).
Agents would do consumers a favor if they showed examples of how you can actually use a whole life policy over the life of the policy holder.
I have plenty of videos that talk about those points. This was designed to be more in depth and technical. I think understanding how the policies work is important. Of course the WHY matters most, but that doesn't have to do with the technicals of the policy. I have a playlist that is over 80 videos long just on whole life.
You lost me when you said a properly designed whole life policy is what works best for you.
How so? And why?