What are some ways to create cash flow outside of wall street? Comment below! Watch this for more: ua-cam.com/play/PLrRnvQl4pMjj6V3ZJsl4DUiwP4YBAhR3u.html Let's discuss your finances or life insurance business - click on the scheduling link in the description.
I appreciate the vids and I've got a few questions, which I'll submit later. Quick comment, the stock market does WAY better on average than 1%. It's closer to 10% by almost every metric since 2000. Personally, my own stocks have made from 8-12% and most of that is in the S&P.
If those are the results you have gotten, you are the outlier scenario. This is not my opinion...I am simply going through the numbers. In addition, there are financial researchers that show the average investor has done worse during this period. Happy to talk whenever. You know where to reach me.
Just to be clear, looking at the numbers; "The S&P 500 Index originally began in 1926 as the "composite index" comprised of only 90 stocks.1 According to historical records, the average annual return since its inception in 1926 through 2018 is approximately 10%-11%. The average annual return since adopting 500 stocks into the index in 1957 through 2018 is roughly 8%."
Good context and strategy. how do I do this if the valueof the house is 300k? how do I do multiple house investment? This is a great example. Thanks!!!
How much fees this whole insurance company will charge? if i start now, give us an example and walk through? as well as how you going to use my money and returns on my money? Thanks MR.
This is more geared towards whole life. I stopped selling IUL because there is more risk on the policy holder and less on the insurance company. IUL are able to show illustrations of income that are inflated and unrealistic and not guaranteed.
Hi Phialoung, actually, I much prefer whole life than IUL. I used to be the director of development with one of the largest IUL companies in the country. But the problem with IUL is the guarantees are not there. At the end of the day, whole life is a great investment tool, but it is and should not be considered an investment itself. It is a very effective storage vehicle for your money that can give you a lot of leverage for other investments.
I think Life insurance is a great asset to a financial and family strategy for many reasons. However, I really wish your presentation was more personal. Its really hard to sit there and listen to a bunch of charts, lists, tables etc. You have a great speaking voice and yet the material listed just makes everything so dry. Does it make sense for a man who is 70 to buy a whole life policy? Thanks. Je
Hey Jerry, thanks for the input. It is hard to give specifics and make personal stories because variables are so vast. The answer to the 70 year old question is, it depends. The reason I focus on charts and tables and math is because most people need to understand the fundamental math behind how they work to see if they agree with the principal's. Then they can have a conversation about if it is right for the. And their circumstances and objectives.
Tks for the information. Do have a question. If One put all money into the life insurance, what if he dies tmr. All the cash value built up in the past will be washed out and his family can only get the death benefit. If I am correct, will that be risky?
That's a great question and one that just takes some perspective of the alternative. Option 1: Save money in a bank account. If the person who owns that account dies, that money is passed down as a taxable vehicle. Plus, if they are saving, they are probably trying to save to a higher number...and if they died, they came up way short (most likely) Option 2: Save money in a whole life insurance contract. While people like Dave Ramsey like to say that the cash value is wiped out when someone dies, nothing could be further from the truth. I encourage you to watch our video on How To Properly Structure Life Insurance. As the cash value goes up, so does the death benefit. Think about it this way, you can save $100,000 in a savings account and pass that on in a taxable vehicle....or you can save $100,000 in a whole life contract and pass it on tax free. However, in addition to the cash value, you also receive a death benefit above and beyond the cash value. PLUS, you get living benefits with most good policies. The bottom line is, the cash is not wiped out. Watch this to help understand a bit more: ua-cam.com/video/VnvTWlBhQi8/v-deo.html
I've tried getting a whole life insurance but because I'm not a US citizen/ resident I'm unable to buy one in American companies. Taxation codes in other countries and lack of information when it comes to companies and products makes it harder to apply the concept abroad. What can we do?
Let me know how I can help: ua-cam.com/video/rJDY7zO9FZ8/v-deo.html is a great video to watch to understand my philosophy. Watch that and then I am happy to have a conversation with you if you think it makes sense. Happy to help in any way I can: calendly.com/chriskirkpatrick/life180 Let me know if you have any other questions.
Love the videos, just subscribed yesterday. When you take out a loan, can't that loan just be taken out of the death benefit when you pass away? That way you have money you could use for daily use/investments instead of paying yourself back? Or does that affect your "available cash to withdrawl from your account" for future?
Yes, when you take a collateralized load against the policy, it is taken out of the death benefit, which if you structure properly will still leave you access to more cash - tax free, I might add. However, if you do take a loan, it is better to use it as a bank loan and pay it back. The benefits of flexibility are extremely useful though. You don't want to withdraw from your policy, typically. We call it Collateral Capacity. You want to use your policy to fund different purchases and investments, but always pay back. That will create growth through arbitrage and it will help make every investment you make better. (I hope that makes sense)...?
I had this same question. Wondering if it’s smart to have both an IUL and WL for infinite banking since the IUL offers higher potential for returns in a good market but can face market caps when the market is highly volatile, where the WL would balance it out as it has a guaranteed rate of return. Is this correct? Also wondering if you’d get the same growth in cash value if you get a 10, or 20 pay whole life as opposed to the standard whole life
@@FastLifeInc first off, I am releasing a video on this topic this week you will find helpful, I believe so be on the lookout. Second, never buy a traditional whole life policy. Make sure it is optimized. Doing a 10 pay or 20 pay doesn't really make that much of a difference. In fact, I would argue that once you hit year 10 in a policy, you won't want to stop putting money in because from that point forward there won't be another financial product that can touch what it does for you... all the negatives come on the front couple of years. Look for my video this week in response to the IUL though. In summary, the upside isn't all it is made out to be and all these people like Doug Andrew who are touting that it is are basically criminals... it's going to be 🔥
Okay awesome! I figured having multiple permanent life insurance policies would be a way to have more CV available to lend yourself without overfunding a single policy and crossing the MEC limit. Silly question but...when you payback a policy loan you took from your CV, does the insurance company charge interest or does all of it go back to your CV? When I was at State Farm, policy loans on their universal life’s had an interest rate of 8% but 6% of that went right back to the actual CV so that the policyholder was really only being charged 2% is this common practice for both loans taken from UL and WL?
@@FastLifeInc yeah, stacking policies is pretty much the normal way of it. I know people who have over 10 policies. As their wealth increases and cash flow increases, they start another policy. Watch my video this week before going the IUL route though
Well, it depends on who you want to speak with? You can set up a call with me by going to LIFE180.com and setting up a meeting or if you want to speak about getting a policy and what that would look like for you, you can visit life180.andasset.com and Jeremy can help you get started with that.
Thank you for this informative video about whole life insurance. However, based on the example you shared in the video, I keep asking myself if it is possible to buy a house for $ 75 000. Is that realistic?
Haha, in certain places, yes. The outskirts of Atlanta was the example in the video. Mind you that was a couple years ago....so it is probably$90-100k today.... Although I think the RE market is due for a correction with the COVID19 stuff going on.
Hello Calib I would like to get in touch with you how can I do this? I have a whole life policy that is not in a mutal company. So I have my foot in the door. But I need to get the $ where it will benefit me not the insurance company please help.
Hi Lemer, yes, you just need to go to life180.andasset.com and set up an appointment. The people at Better Wealth Solutions will do a review of your policy for FREE to make sure it is structured properly for what you are looking for.
Ok i see that this system pays an interest but the interest rate is not that high. In another video the narrator stated the rates are about 4 to 5%. Thats low regardless of whether or not its protected against taxes alone. An even bigger question IS DOES THIS SYSTEM ALSO OFFER PROTECTION AGAINST THE DEBASING OF THE DOLLAR BY THE PRIVATE OWNED FED. IN OTHER WORDS INFLATION? Concern isn't just with taxes. An just as bigger issue is that the dollar is worth less every year. In order to keep our money truly growing shouldn't we have a vehicle for interest rates that pay at leat 10 to 12%? I mean that seems modest but probably above THE YEARLY INFLATION+TAXES RATES. The death benefit is an massive profit incentive but what about during a persons life? Money is going to be needed during a persons life. Also I'm curious do the wealthy sometimes have life insurance policies worth 10s of millions? Now i have only a perfunctory knowledge of this kind of BANKING SYSTEM but it seems more likely to me that this should be more used to replace banks as much as possible for depositing cash not needed for investments. This should be your bank for all intensive purposes it seems. I have much to learn.
I have been getting a lot of questions in regards to HOW TO PROPERLY STRUCTURE A WHOLE LIFE POLICY, so I filmed this video: ua-cam.com/video/dxIXcJNlAVI/v-deo.html
Yes, I would, as long as it is structured properly. I have been getting a lot of questions about that recently, so I am actually putting together a video to show what the different policies look like depending on what your goals and objectives are.
If you need some information, email me at ctvbrooks@gmail.com. I am an independent insurance broker out of Georgia however can help you in finding the right policy for you, and with living benefits.
Ok you said SAVINGS VEHICLE AT 5:01 That makes far more sense because the money is still not protected against inflation and the only way it could do that is to pay at least a double digit interest rate like 10% plus and it doest. Now i could conceive of this kind of vehicle being used a kind of corporate protective shield for other investment ASSETS in property, paper, and or businesses. Who knows. There are probably pros and cons for combining these systems. I have an open mind
Just as i figured. From 17:20 or so you pointed out how this banking system can make out loans. Well if you yourself decide the interest rate wouldn't there be a motivation to artificially pay a higher interst rate if the cash is available? Maybe there is some kind of legal limit. I don't know
I would say that in order to be protected vs inflation you simply need to not lose purchasing power... meaning, earn a higher rate of return than inflation, which a whole life policy that is properly structured will do. You don’t need double digit returns...🧐
The Sun Is Black 44 Black Sun you can always get loans and they will fluctuate based on the bond markets. However, they will always be competitive. If you are trying to buy a car, you can get lower rates through a bank if you have good credit, and that’s what I would suggest doing. However, for flipping houses, getting personal loans, or any other unsecured loan, the great part of a loan against your policy is that it will get you far better rates than most traditional methods.
Horrible advice your money isn't growing at a 4% rate of return sure it's better than the bank but not compared to an average of 12% not guaranteed however with a Whole life you don't have a chance or an option to get higher rates that are available . The company you're giving your money too gets way higher and kick you down peanuts on your money. I call it guaranteed hopelessness.
Hey Bobby, a couple of things... 1 - Show me where you can get an average of 12% return in the market in any investment over a long period of time. There is no 20+ year period where the real rate of return in the market is 12%... 2 - If you properly structure a whole life policy, you do have access to the money for opportunity. That said, a whole life policy isn't for everyone. BUT, it is for people who don't want to rely on the stock market that has let them down HORRIBLY over the past 17 years. We are in an 8 year bull market...one of the longest ever. Best way to go broke is buy high...that's all I am saying. I would rather keep my money safe in a Whole Life policy (rather than a bank), and have access for opportunity on investments I want - like a business or something I have some sort of control of.
I can give you a GUARANTEED average of 25% in 4 years. Watch this: Take $100,000 and double it to $200,000 (100% return) $200,000 went back down to $100,000 (-50% loss) Do it again: $100,000 doubled to $200,000 (100% return) $200,000 went back down again to $100,000 (-50% loss) 100% + -50% + 100% + -50% = 100% / 4 years = 25% average rate of return. But how much did you ACTUALLY gain? ZERO.
Properly structure IUL's can be awesome, too! However, there are too many variables for my taste. I like guarantees. But the riders on some of the IUL's are great!
90% of this is noise. What you left out on the cash value are the load fees the insurance company charges. Also, it is your money. When you go to a bank, it is their money. Taking your cash from your cash value are way different from taking a loan from a bank. They are not even in the same galaxy. There are probably a tiny few who would benefit from any type of whole life, universal life, index life, etc. 90% of Americans would be better off investing in a Roth, IRA, or their 401k, 403b, 457, etc.
How about you tell everyone how much administration and commissions fees there is for the next 5 years on these life insurance..lol you should be ashame of yourself
The way I coach people to have their policies structured, the commission is cut by 85-90%....and administrative fees are not horrible. Compare that to the tens of thousands that will be paid to a managed money fee over the life of a "traditional investor". I would bet you anything that I can coach people to a better result than you. But all of you who like to critique from behind the mask of social media are never willing to step out and have that debate. Because you don't truly understand what you are criticizing. You're just really good with 1 line insults that you don't fully understand....kind of like my 5 year old son, lol.
@@LIFE180Not everyone understands the concept of "properly structured whole life insurance". Most people who complain about fees are those who probably have a traditional policy with maximum death benefit and do not see any cash value build up in the early years. The performance of a properly designed policy is too good to be true. Thanks LIFE180. This is the best place to save money. Hiding in plain sight.
Keep it simple, stupid...buy silver and gold. They have kept great value as real money for over five thousand years. Easy storage that is controlled by you. The end. Welcome!
I do like having gold and silver. Silver is by far the better value at the moment. But they are by no means an investment. They are simply a hedge to the devaluation of the USD. Almost like a currency insurance.
What are some ways to create cash flow outside of wall street? Comment below!
Watch this for more: ua-cam.com/play/PLrRnvQl4pMjj6V3ZJsl4DUiwP4YBAhR3u.html
Let's discuss your finances or life insurance business - click on the scheduling link in the description.
Very clear and concise explanation.thanks
You are welcome!
What a great strategy to include in real estate investing. So many more benefits than simply using a traditional bank
I appreciate the vids and I've got a few questions, which I'll submit later. Quick comment, the stock market does WAY better on average than 1%. It's closer to 10% by almost every metric since 2000. Personally, my own stocks have made from 8-12% and most of that is in the S&P.
If those are the results you have gotten, you are the outlier scenario. This is not my opinion...I am simply going through the numbers. In addition, there are financial researchers that show the average investor has done worse during this period.
Happy to talk whenever. You know where to reach me.
@@LIFE180 Thanks so much! I'm putting a list of questions together now. Love your videos!
@@dwightfontenot9064 Rock on. Feel free to set up a call at LIFE180.com or send an email to Chris @ LIFE180 . com
Just to be clear, looking at the numbers; "The S&P 500 Index originally began in 1926 as the "composite index" comprised of only 90 stocks.1 According to historical records, the average annual return since its inception in 1926 through 2018 is approximately 10%-11%. The average annual return since adopting 500 stocks into the index in 1957 through 2018 is roughly 8%."
Good context and strategy. how do I do this if the valueof the house is 300k? how do I do multiple house investment? This is a great example. Thanks!!!
We have more content coming out on this topic. Make sure you are subscribed with the bell clicked so you are notified when the video is released
Whay are the fees to have your money in a whole life insurance policy?
How much fees this whole insurance company will charge? if i start now, give us an example and walk through? as well as how you going to use my money and returns on my money? Thanks MR.
Nagesh - Were your questions above answered?
If you go through WFG there are no fees!
Can you borrow from the cash value more than once?
You can borrow against the cash value, and then as you pay the loan back, you free that money to be borrowed against again.
Thank you Chris for this great video and good tips on IUL as investment tool!
This is more geared towards whole life. I stopped selling IUL because there is more risk on the policy holder and less on the insurance company. IUL are able to show illustrations of income that are inflated and unrealistic and not guaranteed.
Hi Phialoung, actually, I much prefer whole life than IUL. I used to be the director of development with one of the largest IUL companies in the country. But the problem with IUL is the guarantees are not there. At the end of the day, whole life is a great investment tool, but it is and should not be considered an investment itself. It is a very effective storage vehicle for your money that can give you a lot of leverage for other investments.
I think Life insurance is a great asset to a financial and family strategy for many reasons. However, I really wish your presentation was more personal. Its really hard to sit there and listen to a bunch of charts, lists, tables etc. You have a great speaking voice and yet the material listed just makes everything so dry. Does it make sense for a man who is 70 to buy a whole life policy? Thanks. Je
Hey Jerry, thanks for the input. It is hard to give specifics and make personal stories because variables are so vast. The answer to the 70 year old question is, it depends.
The reason I focus on charts and tables and math is because most people need to understand the fundamental math behind how they work to see if they agree with the principal's. Then they can have a conversation about if it is right for the. And their circumstances and objectives.
Speak for yourself! I love charts and graphs😁
This is Great info, I live in California, are you licensed to work with here? I’d love to get something like this going for me.
Sure thing. Set up a call to speak with the team. Calendly.com/life180/claritycall
We can bring you through a process to see what's right for you.
Awesome can I actually set up a call to see how you can help me?
Use this link: Calendly.com/_life180/claritycall
What about the insane fees that eat up your net cash.
Thanks
Welcome
Tks for the information.
Do have a question.
If One put all money into the life insurance, what if he dies tmr. All the cash value built up in the past will be washed out and his family can only get the death benefit. If I am correct, will that be risky?
I probably understand after re reading the spreadsheet, the death benefit increase dramatically, right?
That's a great question and one that just takes some perspective of the alternative.
Option 1: Save money in a bank account. If the person who owns that account dies, that money is passed down as a taxable vehicle. Plus, if they are saving, they are probably trying to save to a higher number...and if they died, they came up way short (most likely)
Option 2: Save money in a whole life insurance contract. While people like Dave Ramsey like to say that the cash value is wiped out when someone dies, nothing could be further from the truth. I encourage you to watch our video on How To Properly Structure Life Insurance. As the cash value goes up, so does the death benefit.
Think about it this way, you can save $100,000 in a savings account and pass that on in a taxable vehicle....or you can save $100,000 in a whole life contract and pass it on tax free. However, in addition to the cash value, you also receive a death benefit above and beyond the cash value.
PLUS, you get living benefits with most good policies.
The bottom line is, the cash is not wiped out. Watch this to help understand a bit more: ua-cam.com/video/VnvTWlBhQi8/v-deo.html
I've tried getting a whole life insurance but because I'm not a US citizen/ resident I'm unable to buy one in American companies. Taxation codes in other countries and lack of information when it comes to companies and products makes it harder to apply the concept abroad. What can we do?
What country are you in?
I would like to learn more
Let me know how I can help: ua-cam.com/video/rJDY7zO9FZ8/v-deo.html is a great video to watch to understand my philosophy.
Watch that and then I am happy to have a conversation with you if you think it makes sense. Happy to help in any way I can: calendly.com/chriskirkpatrick/life180
Let me know if you have any other questions.
Love the videos, just subscribed yesterday. When you take out a loan, can't that loan just be taken out of the death benefit when you pass away? That way you have money you could use for daily use/investments instead of paying yourself back? Or does that affect your "available cash to withdrawl from your account" for future?
I just watched another webinar of yours & found my answer:)
Yes, when you take a collateralized load against the policy, it is taken out of the death benefit, which if you structure properly will still leave you access to more cash - tax free, I might add.
However, if you do take a loan, it is better to use it as a bank loan and pay it back. The benefits of flexibility are extremely useful though. You don't want to withdraw from your policy, typically.
We call it Collateral Capacity. You want to use your policy to fund different purchases and investments, but always pay back. That will create growth through arbitrage and it will help make every investment you make better. (I hope that makes sense)...?
Your example shows a whole life ins. Can i have the same access with an IUL?
IULs are not as safe as whole life. What are you hoping to do with the IUL? How are you looking to use it?
I had this same question. Wondering if it’s smart to have both an IUL and WL for infinite banking since the IUL offers higher potential for returns in a good market but can face market caps when the market is highly volatile, where the WL would balance it out as it has a guaranteed rate of return. Is this correct? Also wondering if you’d get the same growth in cash value if you get a 10, or 20 pay whole life as opposed to the standard whole life
@@FastLifeInc first off, I am releasing a video on this topic this week you will find helpful, I believe so be on the lookout.
Second, never buy a traditional whole life policy. Make sure it is optimized. Doing a 10 pay or 20 pay doesn't really make that much of a difference. In fact, I would argue that once you hit year 10 in a policy, you won't want to stop putting money in because from that point forward there won't be another financial product that can touch what it does for you... all the negatives come on the front couple of years.
Look for my video this week in response to the IUL though. In summary, the upside isn't all it is made out to be and all these people like Doug Andrew who are touting that it is are basically criminals... it's going to be 🔥
Okay awesome! I figured having multiple permanent life insurance policies would be a way to have more CV available to lend yourself without overfunding a single policy and crossing the MEC limit.
Silly question but...when you payback a policy loan you took from your CV, does the insurance company charge interest or does all of it go back to your CV? When I was at State Farm, policy loans on their universal life’s had an interest rate of 8% but 6% of that went right back to the actual CV so that the policyholder was really only being charged 2% is this common practice for both loans taken from UL and WL?
@@FastLifeInc yeah, stacking policies is pretty much the normal way of it. I know people who have over 10 policies. As their wealth increases and cash flow increases, they start another policy. Watch my video this week before going the IUL route though
How will I make life insurance pls can someone help me .....
Can you pull out cash from life insurance to buy a house
ua-cam.com/video/snxax6b2HOc/v-deo.html
That video will explain it
Does the beneficiary get the savings and the face value? Or just the face value?
I believe the insurance company retains your cash value when you die. I’m not an agent though
Thank you!!! I have a few questions how do I make contact with you or your team?!
Well, it depends on who you want to speak with? You can set up a call with me by going to LIFE180.com and setting up a meeting or if you want to speak about getting a policy and what that would look like for you, you can visit life180.andasset.com and Jeremy can help you get started with that.
Thank you for this informative video about whole life insurance. However, based on the example you shared in the video, I keep asking myself if it is possible to buy a house for $ 75 000. Is that realistic?
Haha, in certain places, yes. The outskirts of Atlanta was the example in the video. Mind you that was a couple years ago....so it is probably$90-100k today.... Although I think the RE market is due for a correction with the COVID19 stuff going on.
Just bought a home for 75,000 in Kansas City Area. 3 bed 2 baths. It is possible my friend.
@@iAMj_love Can you send some information or web links? Thanks!!!
Shouldn't Auto, Home & Health Insurance work the same way, & if not why?.
this only works with whole life insurance from a mutual life insurance company.
Hello Calib I would like to get in touch with you how can I do this? I have a whole life policy that is not in a mutal company. So I have my foot in the door. But I need to get the $ where it will benefit me not the insurance company please help.
Hi Pedro, the best way to get in touch with us is by using this link: life180.andasset.com
I just bought an whole life before watching ur video, is there any way to review if my policy is still ok?
Hi Lemer, yes, you just need to go to life180.andasset.com and set up an appointment. The people at Better Wealth Solutions will do a review of your policy for FREE to make sure it is structured properly for what you are looking for.
At 13:00 the side by side of bank vs insurance accounts is way too small. I have 20/20 vision and I stood no chance of reading that
The best life insurance for over 50s
Ok i see that this system pays an interest but the interest rate is not that high. In another video the narrator stated the rates are about 4 to 5%. Thats low regardless of whether or not its protected against taxes alone. An even bigger question IS DOES THIS SYSTEM ALSO OFFER PROTECTION AGAINST THE DEBASING OF THE DOLLAR BY THE PRIVATE OWNED FED. IN OTHER WORDS INFLATION? Concern isn't just with taxes. An just as bigger issue is that the dollar is worth less every year. In order to keep our money truly growing shouldn't we have a vehicle for interest rates that pay at leat 10 to 12%? I mean that seems modest but probably above THE YEARLY INFLATION+TAXES RATES. The death benefit is an massive profit incentive but what about during a persons life? Money is going to be needed during a persons life. Also I'm curious do the wealthy sometimes have life insurance policies worth 10s of millions? Now i have only a perfunctory knowledge of this kind of BANKING SYSTEM but it seems more likely to me that this should be more used to replace banks as much as possible for depositing cash not needed for investments. This should be your bank for all intensive purposes it seems. I have much to learn.
I have been getting a lot of questions in regards to HOW TO PROPERLY STRUCTURE A WHOLE LIFE POLICY, so I filmed this video: ua-cam.com/video/dxIXcJNlAVI/v-deo.html
If you just bought an ETF and paid taxes on it… you would have more money than the insurance policy, then buy a term and be done with it…
would you say that whole life is the best way to go?
Yes, I would, as long as it is structured properly. I have been getting a lot of questions about that recently, so I am actually putting together a video to show what the different policies look like depending on what your goals and objectives are.
I’ll link that video here when it is done
It's the only true way to go. Nothing else gives you the banking function.
Look at the dividend? Few hundred dollar for 2-300k cash not make sense
That's because the dividend is the small portion ABOVE the guarantee.
Doesn’t make sense why should I loan against my own savings? It’s my money I should be able to take it out without paying interest
If it doesn't make sense, you haven't spent enough time trying to learn about it and the tax benefits as to why you do it that way...
Same problem at 19:00. Can't even come close to reading that
I apologize, I was trying to get the entire document on the screen for these....
A property for 75k with rental income of $8400. Where ?????
Don't forget, that video was filmed 6 years ago...
But it was Atlanta.
can i buy whole life policy at 54
If you need some information, email me at ctvbrooks@gmail.com. I am an independent insurance broker out of Georgia however can help you in finding the right policy for you, and with living benefits.
You can buy it at any age, depending on your particular family and personal health history. I think.
If you are in good health, 70-80 is usually the cut-off. Policy applications are always based off Age, Health & Habits
Did you ever get a policy?
how is this earning money when you yourself is paying the interest?
Arbitrage. You are paying amortizing on the loan you take from your policy, but the balance is compounding - which creates a great spread
Ok you said SAVINGS VEHICLE AT 5:01 That makes far more sense because the money is still not protected against inflation and the only way it could do that is to pay at least a double digit interest rate like 10% plus and it doest. Now i could conceive of this kind of vehicle being used a kind of corporate protective shield for other investment ASSETS in property, paper, and or businesses. Who knows. There are probably pros and cons for combining these systems. I have an open mind
Just as i figured. From 17:20 or so you pointed out how this banking system can make out loans. Well if you yourself decide the interest rate wouldn't there be a motivation to artificially pay a higher interst rate if the cash is available? Maybe there is some kind of legal limit. I don't know
I would say that in order to be protected vs inflation you simply need to not lose purchasing power... meaning, earn a higher rate of return than inflation, which a whole life policy that is properly structured will do. You don’t need double digit returns...🧐
The Sun Is Black 44 Black Sun you can always get loans and they will fluctuate based on the bond markets. However, they will always be competitive. If you are trying to buy a car, you can get lower rates through a bank if you have good credit, and that’s what I would suggest doing. However, for flipping houses, getting personal loans, or any other unsecured loan, the great part of a loan against your policy is that it will get you far better rates than most traditional methods.
@@LIFE180 Does the interest charged on the loan go to pay back the loan principal or does the interest on the loan go to pay the insurance company?
Horrible advice your money isn't growing at a 4% rate of return sure it's better than the bank but not compared to an average of 12% not guaranteed however with a Whole life you don't have a chance or an option to get higher rates that are available . The company you're giving your money too gets way higher and kick you down peanuts on your money. I call it guaranteed hopelessness.
Hey Bobby, a couple of things...
1 - Show me where you can get an average of 12% return in the market in any investment over a long period of time. There is no 20+ year period where the real rate of return in the market is 12%...
2 - If you properly structure a whole life policy, you do have access to the money for opportunity. That said, a whole life policy isn't for everyone. BUT, it is for people who don't want to rely on the stock market that has let them down HORRIBLY over the past 17 years.
We are in an 8 year bull market...one of the longest ever. Best way to go broke is buy high...that's all I am saying. I would rather keep my money safe in a Whole Life policy (rather than a bank), and have access for opportunity on investments I want - like a business or something I have some sort of control of.
I can give you a GUARANTEED average of 25% in 4 years.
Watch this:
Take $100,000 and double it to $200,000 (100% return)
$200,000 went back down to $100,000 (-50% loss)
Do it again: $100,000 doubled to $200,000 (100% return)
$200,000 went back down again to $100,000 (-50% loss)
100% + -50% + 100% + -50% = 100% / 4 years = 25% average rate of return.
But how much did you ACTUALLY gain? ZERO.
Thanks David! Are you related to Garry Kinder, by chance? I don't know why people have a hard time getting it....lol
No relation to the Kinder Brothers, but certainly familiar with their work!
my iul product covers chronic, critical and terminal illness!!!! 16 illnesses
Properly structure IUL's can be awesome, too! However, there are too many variables for my taste. I like guarantees. But the riders on some of the IUL's are great!
90% of this is noise. What you left out on the cash value are the load fees the insurance company charges. Also, it is your money. When you go to a bank, it is their money. Taking your cash from your cash value are way different from taking a loan from a bank. They are not even in the same galaxy.
There are probably a tiny few who would benefit from any type of whole life, universal life, index life, etc.
90% of Americans would be better off investing in a Roth, IRA, or their 401k, 403b, 457, etc.
Even after the 2008 debacle? Interesting
What are your 7 F's again?
5 F's
Faith
Family
Fitness (health)
Finance
Freedom
#CryptoANYTHING - ! Watch this video and pound that "like button"!
Watch the double star...... we don't guarantee anything.......we will see during that 35 years...and what happens after 36 years ?
How about you tell everyone how much administration and commissions fees there is for the next 5 years on these life insurance..lol you should be ashame of yourself
The way I coach people to have their policies structured, the commission is cut by 85-90%....and administrative fees are not horrible. Compare that to the tens of thousands that will be paid to a managed money fee over the life of a "traditional investor". I would bet you anything that I can coach people to a better result than you. But all of you who like to critique from behind the mask of social media are never willing to step out and have that debate. Because you don't truly understand what you are criticizing. You're just really good with 1 line insults that you don't fully understand....kind of like my 5 year old son, lol.
@@LIFE180Not everyone understands the concept of "properly structured whole life insurance". Most people who complain about fees are those who probably have a traditional policy with maximum death benefit and do not see any cash value build up in the early years. The performance of a properly designed policy is too good to be true. Thanks LIFE180. This is the best place to save money. Hiding in plain sight.
Keep it simple, stupid...buy silver and gold. They have kept great value as real money for over five thousand years. Easy storage that is controlled by you. The end. Welcome!
I do like having gold and silver. Silver is by far the better value at the moment. But they are by no means an investment. They are simply a hedge to the devaluation of the USD. Almost like a currency insurance.