The Most Misunderstood Asset in History: The Positive Case for Whole Life Insurance
Вставка
- Опубліковано 10 лип 2024
- Get Tickets for The And Asset Mastermind -andasset.com/mastermind
Want a Life Insurance Policy? Go Here: www.betterwealth.com/clickher...
Want FREE Whole Life Insurance Education? Go Here: bttr.ly/vault
0:00 - Intro
2:00 - Nate Dean's Journey into Whole Life Insurance
3:30 - Why did Dave Ramsey Block You?
6:59 - What I got wrong about infinite banking
8:06 - The most overlooked benefit of whole life insurance
9:08 - How to increase the value of your dollars
12:36 - When you should & shouldn't Policy Loans
20:01 - Dean's presentation on Infinite banking
25:10 - The tax benefits of whole life insurance
28:06 - Are there restrictions on policy loans?
29:39 - Certainty & Control
35:21 - Chronic Illness Rider
40:41 - Infinite Banking Vs HELOC
47:44 - Comparing policy designs
49:40 - Is it a scam?
51:36 - What's the definition of being wealthy?
58:46 - Caleb illustrates his wealth framework
1:10:30 - Human Life Value & Living Abundantly
______________________________________________
✉️ Email BetterWealth: bttr.ly/info
WEBSITE: betterwealth.com
====================
DISCLAIMER: bttr.ly/aapolicy
*This video is for entertainment purposes only and is not financial or legal advice.
Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered. - Розваги
Want to join us in person for the best life insurance event of the year? Go Here: andasset.com/mastermind
Since you mentioned HELOC, have you ever talked about velocity banking, using HELOCs for investments, etc? I've heard things about that but I'm not sure what I think about them.
Greatly enjoyed our time together! Thank you again for the invitation brother 🤝
So much fun bro 🙏
Great information
Thank you so much for watching!
Great session guys! I am proud of each of you for your impact in this industry.
Thank you brother!
🙏🙏🙏
Yes please do a visual 9:57
This was some outstanding content
Will be making a video soon on it 😊❤️
You guys talk about policy design and how important that is... i just like to say i have the WL100 with Massmutual, and i gan do all the things you guys talk about. I like the death benefit because I am older and my term expired.
Growing your wealth is playing offense. Defense is your protection. And when you play really great defense, you give your offense better opportunities.
So damn good. I love this analogy. I’m licensed in home, auto and life and insurance and I’m totally going to use this phrase to help people understand why proper protection of their assets is so valuable.
Glad you found this so valuable!
This makes me happy 🙏. Thanks so much for watching and commenting 🔥
I think the reason i like you guys so much is because of the values you focus on, family, purpose, all the other things that have value besides money
Appreciate this comment Anthony!
~46 minutes- I would go with heloc because it above the line deduction re taxes if used appropriately. I would go to life insurance for bigger life issues.
I do Enjoy the channel and the conversations. It makes me think of WL with so many wonderful features.. and I agree with so much of what is said, but
When you compare it to a high savings Acct, VS the WL.. and if something happens, Let’s not say a death but a job lose, and now I have this WL Obligation or DEBT Obligation and I can’t pay for a few years then we Risk losing the whole policy or having serious loses like as if I didn’t pay a Mortgage on property,
U compare it to a Saving Acct ( I can go a few years not contribute to the Acct ) and the Saving Acct is Much Less Risky and less reward, and yes we pay taxes on the gains and less reward.. but we need to compare all factors.
I would be interested in seeing the stats on how many WL policy are written and how many Fold or Surrendered?
Great point! I should do a video on the flexibility of life insurance and looks at the stats as well! We try to design policies to weather major personal financial storms.
Thanks guys i learned a lot ,a lot of professional finance guys attack me when i talk about this
Really glad this was helpful! People tend not to approach things objectively. We’re hoping to change the conversation around this in the finance world. It’s a big uphill battle but we think it’s possible!
Great content. Does anyone know if Dave Ramsey, Suze Orman or The Money Guys (and all the other haters) have actually read Nelson's book BYOB. I've always wondered.
I am unsure but if I had to guess I would say probably not. I know Dave Ramsey has seen something because he understands some of the concept same with the Money Guy show.
How do you use it for your first lein heloc ?
The main reasons ive used an overfunded whole life policy is to temporarily earn cash faster than a high yield savings account due to the tax implications on the savings account to pay off your debts faster.....yes you may be able to earn faster in the open market but it may also go down and take you longer.
Once you're debt free, except to yourself, just utilize it for the death benefit minus the unpaid loans to yourself and i move onto other ways of building wealth.
At the end of the day its a case by case situation but ive yet to find a better guaranteed way to grow my cash for the temporary purposes of getting out of debt with a remaining death benefit that will be there until i die.
why not your 401k loan?
Does this work in the US only
We only work in the USA. There may be similar practices in other countries but we can only work with US clients.
Congrats on fatherhood!!!
Couldn't make it through the whole video. There are too many ads. Most videos build off the same concepts, and I enjoy rewatching but not willing to sit through that many ads over and over.
Thanks for your feedback on this. We will have to look into this. I believe we don’t decide on where the ad placements go or how many but I will have our media team look into this. Thanks for sharing