Is Infinite Banking Right For You | In Depth Guide For The IBC
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- Опубліковано 31 лип 2024
- Infinite Banking is a new concept that is quickly becoming popular. In this video, we'll give you an in-depth guide on what Infinite Banking is and if it's the right option for you.
We'll also discuss the benefits and drawbacks of Infinite Banking, and point out some of the potential risks. After watching this video, you'll have a better understanding of Infinite Banking and whether it's the right option for you.
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📖 Chapter Timestamps Here ⏰
0:00 Intro to Is Infinite Banking Right For You?
1:20 A Background On Chris Kirkpatrick (Founder of LIFE180)
2:40 What Will Be Covered In This Video
3:05 Why I Help People With Whole Life Insurance
4:25 What Is Infinite Banking
5:45 History of the Stock Market 1929-1979
8:25 History of the Stock Market 1980-1999
12:20 History of the Stock Market from 1929-2021
14:00 Average Rate of Return Doesn't Matter
17:50 Average vs Actual Rate of Return
21:10 Where Is All Your Money Going
22:00 Banking Principles You Can Implement TODAY
25:30 The Importance of Investing for Cash Flow
27:52 The Vanderbilt's vs Rothschild's
29:35 Rules for Your Own Privatized Banking System
32:30 Ways You Can Use Money In Your Infinite Banking Policy
35:00 Cashflow Hacking Assets
36:20 Attributes You Need In A Great Savings Vehicle
38:34 Align Your Money With Your Values and Beliefs
41:20 Why You Need To Use Mutually Held Whole Life Insurance Companies As Your Bank
47:00 Behave Like The Wealthy To Create Wealth For Yourself
49:56 Rules To Creating Your Infinite Banking / Private Banking Policy
51:20 Misconceptions of Infinite Banking Concept
52:40 LIFE180's Belief Statements
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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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💥FOLLOW CHRIS ON SOCIAL MEDIA 👇
SOCIAL LINKS ► y.at/💵💵🏆💵💵
LinkedIn ► / ckirkpatrick13
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Instagram ► / realchriskirkpatrick
TikTok ► / realchriskirkpatrick
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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.
Over the past 5 years, Chris has spent thousands of hours mastering the art of online business development for himself and clients. In 2020, LIFE180 morphed into a full service online business launch and development agency. If you need any help creating more revenue or generating more leads online, LIFE180 can help.
www.LIFE180.com
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*All content in this video is for educational purposes only and is not to be interpreted as personal financial advice.
#LIFE180 #CashFlowHacking #CashFlowHacker #ChrisKirkpatrick #InfiniteBanking
Text IBC to 26786 to learn more or schedule a call using the link in the description below
Love your work, thank you.
Best video I have seen on IBC
Thanks a ton!
this here, is what financial freedom is made of. thank you so mush for this comprehensive lesson. I just started as an agent and you have build my knowledge beyond basic insurance. thank you very much.
Great video, Chris!
Thanks, Ryan!
Great presentation get job!🙏🏿👍🏿
Thank you so much 🤗
8:30 bookmark
Thank you Great info Can't wait to get a chance to work with the team!!
Awesome! You are welcome! Reach out to chris@life180.com if you need anything or use this link
Calendly.com/_life180/claritycall
Wow ❤️I love your great service sir ☝🏾☝🏾am so very happy with my family and friends Yes this man 👆🏿👆🏿help me out once I pay for his service fee and he don’t charge much I really enjoy his great service🙏
Aside from the Whole Life Insurance, can you use the VUL (Variable Unit Linked Insurance) as Collateral? Also the Critical Illness Rider Benefit, can you use it as collateral or guarantee? I understand with the Whole life insurance is that you will borrow against your cash value and guarantee it with the death benefit. Thank you!
Great video. This got me thinking a bit ahead..if I cash out the whole policy as the beneficiary while the Insured is still alive, do I have to pay taxes?
You would never cash it out (at least it is ill advised). You can leverage the cash value through policy loans, and the cash value is guaranteed by the death benefit. Does that make sense?
Do you do policy reviews? I have 2 and I'm starting to think they were not as good as the ones you've shown.
Absolutely. Email Chris@life180.com
Am I mistaken but wasn't American International Group, Inc. (AIG) bailed out in 2008?
AIG isn't and wasn't a participating mutually held life company. They are a stock company. They operate differently
So infinite banking is where I...
Pay a whole lot of money to the insurance company to build up my cash value.
Then I take out a loan based on a % of my cash value and spend it.
Then I pay a whole lot of money again to the insurance company to repay that loan with interest while also continuing to pay the usual premiums.
Am I missing something, or did I just pay at least twice for the same purchase? I understand that the cash value is still there, but if Isurrender the policy to withdraw it, I get hit with a huge surrender fee. And if I die, the insurance company will keep 100% of it. Where do I win with this strategy?
Don't worry, Mark. Garrett and I filmed a video for you. It's coming soon
@@LIFE180
I can't wait! I am truly curious to see how the money you get out of the policy exceeds what you put in. (And not because you died young.)
I have a client who what’s to drop 60 k , then let it simmer for 2-3 years , I am with Lafayette , North American and mutual trust , I’m pretty much on my own , no training except what the companies provides . Client asking for little to no charges , because he is a tax prepare thru him I’ll have numerous clients , over all I want to do the right thing for the client instead of just commissions. Any help would be appreciated.
Email chris@life180.com
I’ll give some guidance
Do you hirer beginners?
We have a program to train new agents with mentorship, if that's what you mean, yes.
𝐩𝓻Ỗ𝓂Ø𝓈Ｍ 😪
? I don't get it