1000% agree with you. Not only do you have the tools to differentiate what agent is actually helping you. You also have the clarity yourself to maximize every detail for your personal needs. Amazing video! Hands down. 🙏🏼🙌🤝.
Not only do you have the tools to differentiate what agent is actually helping you. You also have the clarity yourself to maximize every detail for your personal needs. Amazing video! Hands down. 🙏🏼🙌🤝.
Great video! Best explanation I have heard. My only question is with the example you provided 10K a year going into a policy. Would that 10K go into the policy as a dump or can you pay it monthly? And if you pay it monthly, are you still able to borrow 10K let's say within 30 days?
So glad you made this video Chris. Probably just going to send it straight to my clients instead of taking the time during our meetings to explain it. I hope this video helps everyone also better discern who has their best interests in mind and who doesn’t!
The best and concise explanation I've ever heard on this subject. I have a specially designed policy and I'm looking to do another one. I've never taken any loans but this gives me confidence that I'm doing a good thing with my money.
Lost my notes - but was so impressed by you - took the notes again - and making sure they don't get lost because I am printing them now instead of waiting until later - thank again - you are the greatest.
This is the best most honest and straightforward and understandable breakdown of IBC & why it matters that I've ever found! Instant subscriber here! Thank you 🙏🏽
Im so happy I found your channel today, this is absolutely the best video I have seen explaining IBC, I can't wait to learn more and then put it into action! THANK YOU!
I have no idea how this video started playing. I am just glad it did. I'm not to bright,but Im getting the jest of things. And , What I don't know I'm gonna research. Thank you dude, I'm subbing too.
Chris, did you mean to write “ 15” on the 60/40 plan, first column bottom left? You’ve written 20 and that confused me until I figured it must be a typo. The other plans are all 5,10,15. Thanks. I love these videos!
Great video. Beginning around 37:00 when discussing borrowing from your policy. Yes, it may not "disappear" as in taking $10,000 out of a bank but 4-8% on $10,000 is a great deal. Especially, if that person does not pay the money back before dying. Also, you mentioned a 6% return because of the combination and the fixed percentage in the contract; not wholly dependent on the fixed percentage. Those dividends in a life insurance policy are not actually dividends. It's more of a refund. I enjoyed the video.
Not all term insurance policies go up every year. There are level term policies that stay the same monthly cost for whatever term you purchase it for. There are 10,15 and 20 level term policies that you can purchase.
Just started to follow you. Loved the educational content. And you broke it all down simple and clear. I do have a question I’m hoping that you can answer. I have a residential multifamily property. I collect rents on 3 apartments, and I live in one (owner occupied). Is it possible for me to use the Infinite Banking System to “funnel/direct” my money into, and pull out to make my monthly mortgage payment? Because I feel that despite me not paying my mortgage and my resident are, that this would be silly and foolish to not take advantage of especially since, theoretically, this would be 100% me using other peoples money to fuel and grow my Infinite Banking System 🤷🏽♂️
Chris, I'm subscribed to several awesome people in the IBC community, but your explanation here is one of the best I've seen! It's wonderfully clear every step of the way and with great production polish. You get my sub AND the bell, sir.
Hi Chris, 1. Is it true that you NEVER have to pay back a policy loan (if you never deplete the cash value) because the loan and the loan interest will just be deducted from the death benefit payout to your beneficiaries ? 2. The Guaranteed Interest is written in the contractual obligations ? 3. Is this still advantageous if you will be retiring in only 9 years ?
This was a very eloquently conveyed video. I am curious as to why a “PROPERLY” structured IUL wouldn’t yield similar results? I’m not sure of the reasoning between IUL which people like D. McKnight or a C. Ray and others prefer vs WL embraced by N. Nash, S. Parisi (of IBC Global fame) or C. Guilliams.
I do enjoy your content, I really do, but can you start putting together some short, factual packed, no loose jargon videos. It’s hard for my kids to stay focused, and I think it’s important for them to learn this. Much love
Chris, Youbarebabreally good prof to explain numbers a someone like me that info not have any idea of equations. Is very clear! Am in Montreal and I am with infinity bank here I start months ago. My husband is American. Do you think that is worth that he has an account infinity bank here or better in USA . Thanks Yessika
I've watched 5 of these videos (and will keep watching more) and I find them very informative. I am left with the same unanswered question. What's the mechanism for repayment of a loan. I'm carefully listening to see how he repayment happens. It "sounds" like the money you're "Paying yourself" as the loan repayment is going into the plan to collect interest. If that's happening what portion if any is repaying the loan from the insurance company utilizing the cash value? If the loan isn't getting paid back and I am just putting the loan payment actually back into the policy, what happens to the interest liability of the loan I took out? I'm not trying to do anything other than get crystal clear on this, because the rest Chris has been outstanding at making clear. Is there a video that covers the path of "Taking a loan up to cash value" and "repayment of that loan and how the interest impacts me"?
I found a video that answered my question. Now, how much of the of a $10,000 yearly premium of a 60/40 policy is the guaranteed interest calculated on?
great job explaining the IBC "process". I have watched a lot of videos , and yours was the most clear and made sense! Question... I own a lot of apartment rentals. Let's say I want to sell a building and put the proceeds into your IBC system/process/product. How can I do this without paying capital gains on the sale of the apartment building?
Thanks, I appreciate the feedback! I’m not a CPA so what I’m about to say would need to be done under the advice of tax accountants and real estate attorneys. The plan would be to sell the apartment into a properly structured trust. The trust could sell the asset with proceeds being allocated to the corpus of the trust. The trust could then purchase the policy.
Hey Sven. Rather than sell a property and have to worry about the taxes and the capital gains etc... Why not just take out a tax-free loan on the property and invest the money into its key personnel as a life insurance policy being you? If I'm correct, the loan is tax-free, the investment into your policy through your company or LLC structure is also a tax deduction and write-off. Then the cash value in your policy is loanable to you and therefore also not taxable as a loan.
good job on the video. I have enjoyed many others of yours as well. I know you did one a year ago on differences you see in IUL vs WL, but you also got a lot of disagreement in the chat as well as a video by Doug Andrew hating on Whole Life. Unfortunately, I feel like these disagreements make IBC look like someone is just trying to sell their product. Doesn't seem like both of you could be right, so one is wrong or both are wrong. Could you try to comment or do a video in response to his to redeem IBC from what looks to be just a really good sales pitch by insurance salesmen? Hope that didn't come across snarky. I and others really want to learn and bless ourselves and those around us by truly understanding this stuff and not be dooped.
Like the concept of the HECV, but am being advised that at my age, a very healthy 63, that the cost of insurance is too high for the whole thing to work for me?
I have a couple of questions that I want to ask him, and they are these: What happens when the cash value of the whole-life policy, exceeds the death benefit? Can you borrow a value beyond that of the death benefit, up to the cash value? Can the death benefit be increased to match the cash value? What happens when the insured dies? Does the cash value come out and go to the beneficiary? Can the policy with all of it's cash value be willed to your revocable living trust? If the objective of infinite banking is to truly be infinite, then there needs to be a mechanism to pass the policy to the heirs of the insured, or to at least liquidate the policy for all it's cash value, and set up new policies fle the heirs, or somwthing. What to do?
The cash value will not exceed the death benefit. When the policy endows at age 121, the cash value and death benefit will be equal. The policy beneficary can be your trust. When the insured dies, the death benefit - loans gets paid to your beneficiary and they can create more policies,
I watched this video and then had my "Getting started call" I told him I wanted a 90/10 and he is trying to steer me toward a 70/30. He's saying the 90 wont compound as quickly as the 70. Can someone advise my why he'd give me the opposite advise of Chris? I also wasnt crazy about the monthly handling fees or the historical dividends of the company he was steering me towards.
When your paying back the loan is all 100% going straight back to the insurance company separately or is the money combining with your monthly premium payments and accelerate your cash value because then your dumping more money into your account?
In other words if I have the money to make a big purchase on something(home improvements, vacation, ext), is it better for me to take a loan out instead of buying it in cash on the spot?
OK silly question here have you ever had customers when they signed up for a infinite banking system with you have you ever had them want to take out a new policy every time the building interest runs out and the term of the policy? My other question is once the policy has got its full term can you just take what’s in the policy and recycle it into a new policy?
Good stuff, subscribed! I need to buy a new car right now, so I'm glad I saw this when I did. Question, can you pull more than your initial amount you put into your policy? For instance, I put in 10k. That gives me ~250k DB. The car I want is 30k. Can I pull the whole 30k from the DB or only the 10k? Thank you.
@@texasowl5356 well wtf to you, that's why I ask questions. Everyone talks about how this is like your own bank, if I put 10% down on a 100k loan at a bank I have access to the full 100k. Just askin.
@@tagndash01 and what do they collateralize? Either an asset and/or require a personal guarantee (which is collateralize everything you own basically). The insurance company is going to collateralize your cash value (the asset) and the personal guarantee is the equivalent of lowering your death benefit. Learn how financial systems work. Insurance companies can’t make money out of thin air like banks.
@tagdash01this stuff gets tricky. The only time you can really pull out more than you put in is when you have been diagnosed with a terminal illness and use the funds for Healthcare needs. But if you were going to use it for a car, the answer is no. You can only borrow limit is based on the cash value amount .Depending on your policy design, you won’t be able to get the entire $10k the first year because you’re still capitalizing your policy. Part of your premium will go to cost of insurance however you may see some cash available to access. Usually it takes a few years for your account to see it actually grow positive.
I am lost on the 60/40 10th year $10,000 payment and being able to take out $13,119. Is that number out of $100,301? So not 31.19% it would be 3.1% and take 10 years to do it?
I'm putting the pieces together and am very interested. However, I'm almost 76 years old. Can I even get this type of life insurance? Should , or have I "missed the boat"?
I’ve started a policy, and I’ve gotten quotes on several more. None of them actually produce 6% cash value increases YoY. Can you build policies that do? I’ve worked with two agents that have come with 5% as the highest.
Hi Chris, Thanks for another amazing video. I have 60K out on a loan to a fix-n-flipper. I borrowed it at 6% from my Heloc. I receive 15% from the borrower. I'll be getting that 60K back in 3 months. What would be the best strategy to start a policy? Should i plan to deposit the whole thing (still as a loan from my Heloc) Or would you recommend depositing 10,000 per year and making 15% on the remainder as a private money loan? I'm thinking If I deposit the 60K I could borrow 50K in a month and loan that out? Then maybe I make 6% from the insurance and 15% from the private loan?
Can you use your cash value to help pay for next year's premium? That would be a great way to sell this idea to a standard broker. Basically guaranteeing the next 30 years of commissions? Ca-ching.
@TheChrisNaugle, I'm working with a MM agent to set up my first policy and they told me the HECV is no longer available. Is this true, and if so what policy do you recommend now?
Hi I need to set somethingblike this for myself ASAP Im 42 Instead of putting in my 401 k I think I'm better off with a life insurance policy that only bout 300 monthly and I also want to get one for my 15 yr old daughter but I don't know where to go help me
We can help! Watch the 90-minute training on how to get your own policy. It's a prerequisite to an initial phone call with a Money Mentor moneyschoolrei.com/masterclass-broadcast-chris When you’ve made it through the video -HERE'S WHERE YOU CAN BOOK A CALL WITH OUR TEAM: go.oncehub.com/TMM-Coaching
Banks and investment "advisors" subconsciously perceive the threat that IBC represents to the centralized banking system... If everyone woke up and started saving in IBC plans, the bank and stock market casinos would crash overnight as people learn how to completely control their own money... Eventually some money would exfiltrate back into banks and markets as policy loans, but the power share at the institutional level would be massive... Also guaranteed policies need the market to perform...
41:42 Wait wait wait. Does that $500 and $600 that was used for debts and car debt goes back into the Whole Life Policy OR does it go to pay off the Policy Loan?? That's the confusing part.
6 minutes in and he's explained the infinite banking concept clearly and more descriptively than the other 50 videos I've seen. Thank you!
Real talk bro
Yes. THANK YOU FOR CLARITY
Facts!!!!! This is the clearest explanation I’ve heard in the last 100 videos
1000% agree with you. Not only do you have the tools to differentiate what agent is actually helping you. You also have the clarity yourself to maximize every detail for your personal needs.
Amazing video! Hands down.
🙏🏼🙌🤝.
Not only do you have the tools to differentiate what agent is actually helping you. You also have the clarity yourself to maximize every detail for your personal needs.
Amazing video! Hands down.
🙏🏼🙌🤝.
Your words mean so much, thank you friend. keep hanging with us!
Absolutely 🙏🙌🤝, your work is pure.
Thank you.
God bless you.
Quality content, videos like this and insight from an expert goes a long way.
Couldn't agree more, their insight really helps, that's why I am now being coached by one, Edwin Earl.
@@finntomkins6825 hello Finn, can you link me to one? i have seen some of the benefits and i would also like some assistance.
INVESTWITHEARL
on telegram
Great video! Best explanation I have heard. My only question is with the example you provided 10K a year going into a policy. Would that 10K go into the policy as a dump or can you pay it monthly? And if you pay it monthly, are you still able to borrow 10K let's say within 30 days?
So glad you made this video Chris. Probably just going to send it straight to my clients instead of taking the time during our meetings to explain it. I hope this video helps everyone also better discern who has their best interests in mind and who doesn’t!
Best explanation/analysis I’ve seen on this topic. Subbed.
The transparency down to the commissions sold me! I need several of these policies asap!
Add me on linkedin and we can chat about how to get you policy set up properly like in the video! www.linkedin.com/in/spencer-turkal-1607ab206
0:45 4:15 commission 6:15 mec 7 payroll 7:15
10:30 HECV 13:15 90/10 15:30 reduced paid up additions
the joy you have doing this and meeting people is amazing and yet you stay so humble and pay everyone a lot respect
I almost never subscribe from a single video. Your explanation is incredible. You show true mastery over your realm of knowledge. Thank you.
The best and concise explanation I've ever heard on this subject. I have a specially designed policy and I'm looking to do another one. I've never taken any loans but this gives me confidence that I'm doing a good thing with my money.
Glad he referenced the spread in regards to the difference in interest paid back.
Lost my notes - but was so impressed by you - took the notes again - and making sure they don't get lost because I am printing them now instead of waiting until later - thank again - you are the greatest.
So far I have had at least 4 different versions of explaining the benefits of Infinite and yours is the best
That means so much !! thank you!
Finally... someone who explained this infinite banking so I could understand it!! Great Job Chris!!
Glad it was helpful!
This is the best most honest and straightforward and understandable breakdown of IBC & why it matters that I've ever found! Instant subscriber here! Thank you 🙏🏽
Im so happy I found your channel today, this is absolutely the best video I have seen explaining IBC, I can't wait to learn more and then put it into action! THANK YOU!
I have no idea how this video started playing. I am just glad it did. I'm not to bright,but Im getting the jest of things. And , What I don't know I'm gonna research. Thank you dude, I'm subbing too.
This is the most well explained IBC presentation I have watched so far on this subject. Thank you so much Chris
Wish I watched this dude 10 years ago. Dropping 💎💎💎
Chris, did you mean to write “ 15” on the 60/40 plan, first column bottom left? You’ve written 20 and that confused me until I figured it must be a typo. The other plans are all 5,10,15. Thanks. I love these videos!
sorry that must be a typo
Great demonstration Chris. Thanks for sharing your knowledge on the topic. much appreciated!
Thanks a lot for the very detailed layout and simple explanation of the cash flow.
I wish I had this video 40 years ago!
Best video on IBC. I learned a lot.
thanks so much
One of the best breakdowns I’ve heard so far!!!✅🔥🔥🔥💰💰💰👍🏽💵💵💵
Thank you for taking the time, it matters ❣️✌️
You are so welcome
Thank you for an articulately explained video . Helped me clarify , the machine and process of byob! Great Stuff !
Very interesting. Do the insurance companies know that people do this? Is it frowned upon?
do you have any videos about a dump in?? i would like to see how a policy work for something like that.
Great video. Beginning around 37:00 when discussing borrowing from your policy. Yes, it may not "disappear" as in taking $10,000 out of a bank but 4-8% on $10,000 is a great deal. Especially, if that person does not pay the money back before dying. Also, you mentioned a 6% return because of the combination and the fixed percentage in the contract; not wholly dependent on the fixed percentage. Those dividends in a life insurance policy are not actually dividends. It's more of a refund. I enjoyed the video.
I love you. I didn't see any show explaining it better. Awesome!!!! Thank YOU. I wish you to be in Canada that I can meet you in person.
Not all term insurance policies go up every year. There are level term policies that stay the same monthly cost for whatever term you purchase it for. There are 10,15 and 20 level term policies that you can purchase.
This is amazing !! All over this !!
Best video I have seen ! Thanks so much for speaking a language we can understand! ❤
your videos are fire!!! Thanks for explaining them so well.
I appreciate that!
Chris, when you take money out, how is that debt structured? What are the payback terms back to the policy?
I'm liking what I'm hearing.👏🏾👏🏾👏🏾 Subscribing.
Just started to follow you. Loved the educational content. And you broke it all down simple and clear.
I do have a question I’m hoping that you can answer. I have a residential multifamily property. I collect rents on 3 apartments, and I live in one (owner occupied). Is it possible for me to use the Infinite Banking System to “funnel/direct” my money into, and pull out to make my monthly mortgage payment? Because I feel that despite me not paying my mortgage and my resident are, that this would be silly and foolish to not take advantage of especially since, theoretically, this would be 100% me using other peoples money to fuel and grow my Infinite Banking System 🤷🏽♂️
FREE GAME. Do NOT LET THIS GO OVER YOUR HEAD.
Chris, I'm subscribed to several awesome people in the IBC community, but your explanation here is one of the best I've seen! It's wonderfully clear every step of the way and with great production polish. You get my sub AND the bell, sir.
Thanks Duane
This is so detailed. Thank you.
Hi Chris,
1. Is it true that you NEVER have to pay back a policy loan (if you never deplete the cash value) because the loan and the loan interest will just be deducted from the death benefit payout to your beneficiaries ?
2. The Guaranteed Interest is written in the contractual obligations ?
3. Is this still advantageous if you will be retiring in only 9 years ?
Please explain more about the segregated account
This was a great video.. thanks for the knowledge
Glad it was helpful!
Nice teacher, good info .
This was a very eloquently conveyed video. I am curious as to why a “PROPERLY” structured IUL wouldn’t yield similar results? I’m not sure of the reasoning between IUL which people like D. McKnight or a C. Ray and others prefer vs WL embraced by N. Nash, S. Parisi (of IBC Global fame) or C. Guilliams.
Loving this content...Thanks Chris!!🤟
I do enjoy your content, I really do, but can you start putting together some short, factual packed, no loose jargon videos. It’s hard for my kids to stay focused, and I think it’s important for them to learn this. Much love
Hi Parick, wow thank you for sharing content to your kids. Will let Chris know, we appreciate your suggestions 🤩
Noted! let me know if you like this shorter video ruclips.net/video/55aS0QPprF4/видео.html
Totally understood..Super awesome and ty so much!!! 😁🤑🤑🤑
Most valuable video watched on RUclips!
Where can I buy insurance like that
Which company?
How do I start looking into these life insurance?
Awesome 👏 😎. Now I can have my cake and eat it too😋.
Chris,
Youbarebabreally good prof to explain numbers a someone like me that info not have any idea of equations.
Is very clear!
Am in Montreal and I am with infinity bank here I start months ago.
My husband is American. Do you think that is worth that he has an account infinity bank here or better in USA .
Thanks Yessika
Thank you, I am on my way.
I am 72 in good health . Is the death insurance going to make this not work for me
Im Ready.. Lets go..> I need you ... Wow.. so much info... Just sent a consultation request in
I've watched 5 of these videos (and will keep watching more) and I find them very informative. I am left with the same unanswered question. What's the mechanism for repayment of a loan. I'm carefully listening to see how he repayment happens. It "sounds" like the money you're "Paying yourself" as the loan repayment is going into the plan to collect interest. If that's happening what portion if any is repaying the loan from the insurance company utilizing the cash value? If the loan isn't getting paid back and I am just putting the loan payment actually back into the policy, what happens to the interest liability of the loan I took out? I'm not trying to do anything other than get crystal clear on this, because the rest Chris has been outstanding at making clear. Is there a video that covers the path of "Taking a loan up to cash value" and "repayment of that loan and how the interest impacts me"?
I found a video that answered my question. Now, how much of the of a $10,000 yearly premium of a 60/40 policy is the guaranteed interest calculated on?
Thanks for breaking this down Chris
You bet!
great job explaining the IBC "process". I have watched a lot of videos , and yours was the most clear and made sense! Question... I own a lot of apartment rentals. Let's say I want to sell a building and put the proceeds into your IBC system/process/product. How can I do this without paying capital gains on the sale of the apartment building?
Thanks, I appreciate the feedback! I’m not a CPA so what I’m about to say would need to be done under the advice of tax accountants and real estate attorneys. The plan would be to sell the apartment into a properly structured trust. The trust could sell the asset with proceeds being allocated to the corpus of the trust. The trust could then purchase the policy.
Hey Sven. Rather than sell a property and have to worry about the taxes and the capital gains etc... Why not just take out a tax-free loan on the property and invest the money into its key personnel as a life insurance policy being you? If I'm correct, the loan is tax-free, the investment into your policy through your company or LLC structure is also a tax deduction and write-off. Then the cash value in your policy is loanable to you and therefore also not taxable as a loan.
good job on the video. I have enjoyed many others of yours as well. I know you did one a year ago on differences you see in IUL vs WL, but you also got a lot of disagreement in the chat as well as a video by Doug Andrew hating on Whole Life. Unfortunately, I feel like these disagreements make IBC look like someone is just trying to sell their product. Doesn't seem like both of you could be right, so one is wrong or both are wrong. Could you try to comment or do a video in response to his to redeem IBC from what looks to be just a really good sales pitch by insurance salesmen? Hope that didn't come across snarky. I and others really want to learn and bless ourselves and those around us by truly understanding this stuff and not be dooped.
Like the concept of the HECV, but am being advised that at my age, a very healthy 63, that the cost of insurance is too high for the whole thing to work for me?
I have a couple of questions that I want to ask him, and they are these: What happens when the cash value of the whole-life policy, exceeds the death benefit? Can you borrow a value beyond that of the death benefit, up to the cash value?
Can the death benefit be increased to match the cash value? What happens when the insured dies? Does the cash value come out and go to the beneficiary? Can the policy with all of it's cash value be willed to your revocable living trust?
If the objective of infinite banking is to truly be infinite, then there needs to be a mechanism to pass the policy to the heirs of the insured, or to at least liquidate the policy for all it's cash value, and set up new policies fle the heirs, or somwthing. What to do?
The cash value will not exceed the death benefit. When the policy endows at age 121, the cash value and death benefit will be equal.
The policy beneficary can be your trust.
When the insured dies, the death benefit - loans gets paid to your beneficiary and they can create more policies,
Excellent explanation!! Filled in some of the gaps for me regarding policy design!
What are some specific policies company/policy that should be considered? You mentioned only about 10 policies actually work for IBC.
The best video ever
Great video
what's the maximum I can put in at once . I knew about IBC for 8 yrs and never had it explained better .
Great content!
Great content , how can I open or become my own bank.?
Excellent video
What company would this example have worked for? You said there was one of ten that charged only 4%
I watched this video and then had my "Getting started call" I told him I wanted a 90/10 and he is trying to steer me toward a 70/30. He's saying the 90 wont compound as quickly as the 70. Can someone advise my why he'd give me the opposite advise of Chris? I also wasnt crazy about the monthly handling fees or the historical dividends of the company he was steering me towards.
When your paying back the loan is all 100% going straight back to the insurance company separately or is the money combining with your monthly premium payments and accelerate your cash value because then your dumping more money into your account?
In other words if I have the money to make a big purchase on something(home improvements, vacation, ext), is it better for me to take a loan out instead of buying it in cash on the spot?
OK silly question here have you ever had customers when they signed up for a infinite banking system with you have you ever had them want to take out a new policy every time the building interest runs out and the term of the policy? My other question is once the policy has got its full term can you just take what’s in the policy and recycle it into a new policy?
Does it matter whether you go direct recognition vs. non direct recognition?
Any thoughts on the risk of failure/bankruptcy of insurance policy providers guaranteeing the compounded interest and dividends?
Loved this explanation... I have a policy but have not gotten a loan yet..I will this year to pay off a loan...👍
Do u mind sharing what company you used?
I’m ready to do it. How do I get it started ?
Good stuff, subscribed! I need to buy a new car right now, so I'm glad I saw this when I did. Question, can you pull more than your initial amount you put into your policy? For instance, I put in 10k. That gives me ~250k DB. The car I want is 30k. Can I pull the whole 30k from the DB or only the 10k? Thank you.
Wtf? No you loan can only pull up to 90-95% orders your cash value.
@@texasowl5356 well wtf to you, that's why I ask questions. Everyone talks about how this is like your own bank, if I put 10% down on a 100k loan at a bank I have access to the full 100k. Just askin.
@@tagndash01 and what do they collateralize? Either an asset and/or require a personal guarantee (which is collateralize everything you own basically). The insurance company is going to collateralize your cash value (the asset) and the personal guarantee is the equivalent of lowering your death benefit.
Learn how financial systems work. Insurance companies can’t make money out of thin air like banks.
@tagdash01this stuff gets tricky. The only time you can really pull out more than you put in is when you have been diagnosed with a terminal illness and use the funds for Healthcare needs.
But if you were going to use it for a car, the answer is no. You can only borrow limit is based on the cash value amount .Depending on your policy design, you won’t be able to get the entire $10k the first year because you’re still capitalizing your policy. Part of your premium will go to cost of insurance however you may see some cash available to access. Usually it takes a few years for your account to see it actually grow positive.
@@raymondjvaliente not sure if you'll see this but one of the companies I work with allows you to take out 80% after 30 days
i love this thank you so mush
I am lost on the 60/40 10th year $10,000 payment and being able to take out $13,119. Is that number out of $100,301? So not 31.19% it would be 3.1% and take 10 years to do it?
I'm putting the pieces together and am very interested. However, I'm almost 76 years old. Can I even get this type of life insurance? Should , or have I "missed the boat"?
One strategy to consider would be to have you be the owner of a policy on another person who is an insurable interest (family, business partner)
Thanks and how can I get in touch ? If I wanted to set this up
Whats best company to use
You totally used the black kitty with gold eyes for thumbnail click bait. It worked. What's your baby's name?
I’ve started a policy, and I’ve gotten quotes on several more. None of them actually produce 6% cash value increases YoY. Can you build policies that do? I’ve worked with two agents that have come with 5% as the highest.
Hi Chris, Thanks for another amazing video. I have 60K out on a loan to a fix-n-flipper. I borrowed it at 6% from my Heloc. I receive 15% from the borrower. I'll be getting that 60K back in 3 months. What would be the best strategy to start a policy? Should i plan to deposit the whole thing (still as a loan from my Heloc) Or would you recommend depositing 10,000 per year and making 15% on the remainder as a private money loan? I'm thinking If I deposit the 60K I could borrow 50K in a month and loan that out? Then maybe I make 6% from the insurance and 15% from the private loan?
Reach out to my guy craig@themoneymultiplier.com and he can help strategize on the best option for you. I like what you have working so far!
This IBC method incorporates the SNOWBALL paydown method... Well it's more like an AVALANCHE!!! LOL
Can you use your cash value to help pay for next year's premium? That would be a great way to sell this idea to a standard broker. Basically guaranteeing the next 30 years of commissions? Ca-ching.
@TheChrisNaugle, I'm working with a MM agent to set up my first policy and they told me the HECV is no longer available. Is this true, and if so what policy do you recommend now?
Question can the top two be used to design a IUL if looking for retirement?
Hi I need to set somethingblike this for myself
ASAP Im 42 Instead of putting in my 401 k I think I'm better off with a life insurance policy that only bout 300 monthly and I also want to get one for my 15 yr old daughter but I don't know where to go help me
I haven't heard you say what company to do these methods through !!!!!
We can help!
Watch the 90-minute training on how to get your own policy. It's a prerequisite to an initial phone call with a Money Mentor
moneyschoolrei.com/masterclass-broadcast-chris
When you’ve made it through the video -HERE'S WHERE YOU CAN BOOK A CALL WITH OUR TEAM: go.oncehub.com/TMM-Coaching
Banks and investment "advisors" subconsciously perceive the threat that IBC represents to the centralized banking system... If everyone woke up and started saving in IBC plans, the bank and stock market casinos would crash overnight as people learn how to completely control their own money... Eventually some money would exfiltrate back into banks and markets as policy loans, but the power share at the institutional level would be massive... Also guaranteed policies need the market to perform...
If that's wasn't clear enough...I'm not sure what else could be....
Curious about the death benefit in the 90/10; does the 351K include the 250K term?
41:42 Wait wait wait. Does that $500 and $600 that was used for debts and car debt goes back into the Whole Life Policy OR does it go to pay off the Policy Loan?? That's the confusing part.
What happens to the account when the policy holder passes? Does the beneficiary get any of it or only the death benefit?
Please clarify for me, if one dies before the term expires does the person get the cash value in addition to the death benefit?