The Surprising Truth: Why Whole Life Outshines IUL for YOU
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- Опубліковано 31 лип 2024
- This video is part 1 in a 3 part interview with @Mr_brrrr . In this video, we talk about the history of financial markets, Infinite Banking, Whole Life Insurance, Indexed Universal Life and much more.
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📖 Chapter Timestamps Here ⏰
0:00 Intro To Part 1 of Interview With @Mr_brrrr
2:55 Chris Kirkpatrick's History In The Financial Industry
5:50 Whole Life Insurance vs IUL for Infinite Banking
10:30 Life Insurance Companies Are The Best Managers of Risk In The World
15:00 How IUL Companies Create Returns For Policy Holders
19:45 The Simplicity of Whole Life Insurance Is What Creates The Predictable Results
24:30 Whole Life Insurance Is More Flexible Than People Think
27:00 Read The Entire IUL Illustration Before Purchasing
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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.
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.
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is a lower face amount ex $500,000 with increasing value a better way to grow cash value vs starting with a level $1,000,000 policy?
Sounds like you're talking about an IUL and not whole life. If so, the answer is, neither are good.
Do a properly designed whole life policy.
LIFE180.com/clarity-call if you want to speak with someone to learn more
His first statement about the the risk shirking also happens with the IUL once you grow cash vlaue and switch from plan B to A and reduce the corridor...etc
That will reduce the risk....not eliminate the risk. Plus, once you start taking loans for income when you switch from B to A, you will inject an entirely new set of risk.
@@LIFE180 not with a LIBR!
@@Seccheus we have had this Convo.....LIBR is a great marketing tool.....that's it. It's only worth what the CV is when you turn it on. So if it underperforms before retirement, so will LIBR. Show me 1 success story of people using LIBR? I was there when they created it....I have yet to see 1 success story. You just are trying to figure this out and speculate like you have it figured out. That's the reality. You seek confirmation bias ...that's it....
@@LIFE180
I have figured it out.
1. The LIBR is only 15 years old.
2. You have to be age 60 to start the LIBR.
3. You have to wait 10 years after you increase the FV to use the LIBR.
4. You have to have all loans paid back before you can use the LIBR.
5. The LIBR increases to 7% at age 65.
6. You have to have had the policy for 10 years to use the LIBR.
Live long enough and you will see the success stories.
@@LIFE180 I have figured it out!
1. The LIBR is only 15 years old.
2. You have to have had the policy for 10 years.
3. You have to be age 60 to age 80.
4. You have to have all loans paid back.
5. You have to wait 10 years after you increase the FV.
6. The LIBR increases to 7% at age 65.
Etc.
Live long enough and you will see the LIBR success stories.
May I recommend you adjust your lighting. The hanging light in really outdated. Closer camera shots on speaker, head and shoulders.
I was in Devin's studio....I don't do the setup there
I want to see the debate
Me too. I haven't found an IUL agent willing to step up yet
I have figured it out!
The LIBR increases to 7% at age 65
You have to be age 60 to 80.
Policy enforced for 10 years.
All loans paid back.
Etc
@@Seccheus Right....so the life insurance company is going to give a better guaranteed return with LIBR than they are giving in their annuities? We have talked about this. There is always a catch....yet you want to act like you are smarter than the actuaries. It's kind of funny to me
@@LIFE180 Weak response....LOL. Your response is weak and funny. What catch are you talking about.
I mentioned the LIBR qualifications and now you are saying it is too good to be true. That is your excuse!!!????
You spoke without knowing what you were talking about and now you have to back track to a weak excuse.
how about VUL
No. A huge history of underperforming. Plus, with equities over valued right now, VUL has more risk than ever. That's just my opinion. I put VUL on the same platform as many other investments.... Not saying don't do it....just saying I wouldn't personally...
@@LIFE180 fair. It’s higher risk than straight equity investing due to the longer lockup period. And really it’s only a good idea for high income investors looking for tax protection after maxing out all the other tax advantages account options.
5:20
Whenever you’re ready for that debate, I’m here Chris…
You say cap rates and par rates have a lever and be pulled down….. yet never talk about when they go up….. caps have come from 8% to 12% in last couple years par rates from 160% to 320%… I thought these options costs were gonna eat into the caps and par rates… you gonna put a timetable on your hypothesis? Cuz so far your fear mongering hasn’t been too accurate has it?
This guy talking about an IUL is guaranteed to lapse in the guaranteed column clearly doesn’t understand the product as well he leads on either does he?
Bring ONE single illustration that has lapsed that was funded at the guideline premiums in an IUL, and I’ll concede….
I’ll debate anyone… not afraid any of you fear mongering whole lifers.
Haha, I'm getting settled down here in the DR. We will do our debate in the next month or so.
Excited to see it ..
As someone who does IUL and WL, it seems like you guys do just as good of a job at misrepresenting both policies as much as those jokers on Tik Tok.
You sit on your box saying they go up....they have gone up marginally....very marginally. Yet, they are still lower than 2020. So the fact they got a tiny bump when interest rates had a huge bump....not very impressive.
Also, I already told you, come on down, let's debate
All these people talking and no one will ever bring on Doug Andrew to debate the benefits of IULs. Why is that?
Is this a joke? I have invited Doug to debate PUBLICLY and LIVE countless times. I will do it again here.
Hey, Doug, when would you like to do a live debate? I am in for it whenever you would like.
Because he in lawsuits after lawsuits has no time for selling IUL Mr.Doug smh 🤦
So you make it like it’s so simple to just go out there without risk and earn better than 5% and beat the insurance company not to mention you want to talk about the cost of insurance well as your cash value increases the cost of insurance goes down, so really it’s just a matter of opinion And if you reached that goal, if you don’t get enough growth, your client is going to get slammed with either higher premiums or forced to pay premiums to keep that life policy alive. Otherwise they’re gonna get slammed with back income taxes not to mention IRS rule 101 a 72 Tafra and Tamara, you don’t discuss any of those regulations that impact the policies have to be structured and funded so just amazes me
I have made about 200 videos on IUL if you want to check them out...I have address all of those defenses from IUL agents literally hundreds of times. Check them out.