The Rockefeller Life Insurance Strategy | Waterfall Method
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- Опубликовано: 22 авг 2024
- Learn if the Rockefeller Life Insurance Strategy is right for you!
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The Rockefeller Life Insurance Strategy | Waterfall Method
In today's BetterWealth episode, I am joined by Dominic Rufran our And Asset Specialist as we discuss legacy and the Rockefeller Method. Join us on our RUclips Channel as I use my own family as an example on the whiteboard to demonstrate the power of the waterfall method. If you want to learn more about the Rockefellers be sure to check out our episode with Garrett Gunderston and his book “What Would The Rockefellers Do?”. Be sure to check out our And Asset Vault to learn all you can about the And Asset.
Episode Links & Resources:
Episode #340 How To Create Your Own Personal Tax Free Bank with Garrett Gunderson - • How To Create Your Own...
The And Asset Vault - www.betterweal...
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I'm a single, 43-year-old father who resides in Hamburg. If everything continues to go well for me, I intend to retire at age 50. I couldn't be happier right now than I am that I just bought my first house last month. I'm so happy that I made wise choices that altered my life forever.
Salutations, dude. At your age, you're doing extremely well. I'm 54 years old, and right now my finances are a mess. Any helpful advice would be greatly appreciated in helping to mold my life. I want to buy a home of my own.
It seems like I used the FIRE movement to manage my finances. Investigate it further by doing some research. With the help of a financial professional, they were then successful when investing in stocks, cryptocurrencies, and real estate.
I encountered Christine Jane Mclean through my wife, and I emailed her. She is guiding me. Since then, she has given me chances to buy and sell the stocks in which I'm interested in. You can hunt her up online if you require care supervision.
I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Christine up and send her a message. You've truly motivated me. God's blessings on you.
Thank you for this! I am a 29 year old black female and finding this type of info is everything to me! People in our communities normally don’t know these things but thank god for the internet and for friends.
EYL talks about it and they’re from the black community as well
@@Investors_Consiglieretrue I love Eyl I l
@@Investors_Consigliere who's EYL?
@@statikverse earn your leisure podcast
White people don't know it either, it's a socioeconomic class culture thing!
My grandfather tried this. My father blew his inheritance in 6 yrs, my uncle blew his in 4 yrs. In short, it ruined several families.
The best thing you can leave to your loved ones is knowledge, morals, ethics, how to treat people right and a strong work ethic.
If have this ,you must TEACH your kids the water fall method 😊
I agree with you 100%
@egg tell me more
@@manderson7341 work hard, take care of your family and save your money.
Nah generational wealth> being broke
Redeem His Mistakes is a BARRRRRRRRRRR lol I Love it
Like it!
Wife and I (and our Daughter) have fully Paid-up Policy’s (and haven’t paid a premium in years!)
The Death Benefit won’t make us Rich but, it’s a nice little amount that will grow with Compounding and be a nice chunk of change for someone!
Appreciate you sharing this! Thanks so much for watching and sharing.
I should do a video on paid up policy and the pros and cons on having it paid up.
03:45 start!
Is there an insurance we can buy that protects our wealth from a fraudulent money manager after we are dead? So if they don't follow my directions or just steal the money, how can i insure myself against that type of loss? Thank you for all the great information sirs...!
You need to structure your will to have very specific guidelines for the payout of your money. You can do it on your own and get it notarized or go to an attorney.
How would the waterfall method work in Australia ?
The Australian life insurance is only 1 million and that from your choice of insurance companies. Do you need to get insurance from a law firm ?
I don't know. Please let me know how and what to do for this to work in Australia.
Great information 🙏🏻 Thank you for sharing it 🙏🏻
Thank you! Glad it was valuable to you!
I don't understand the actual cost of loaning yourself /cashing out the money for yourself.. banks had incredibly low interest rates before pandemic.. is it similar when you cash out your life insurance policy to fund real estate or whatever other investments? Is there another video explaining this?
I think basically yes. You loan yourself the money to buy assets you KNOW are going to pay for them selves. Instead if actually taking the money out you are getting a loan so it's like he money never left and still compounds as you bought an asset that is paying off the loan and I time the loan is paid and the cash flow keeps coming
If I am understanding your question correctly, loaning to yourself has different variations.
For example, you can collateral your accumulated value at a prime rate, all while the cash value is still growing (since you didn’t touch it) - this creates a spread of actually earning interest in the money that you are loaned.
Yes I would love to get my head around this concept… can someone clarify?
I assume this has to be the benefit, ie: as stated above that the money in the Trust doesn’t actually leave the trust when the loan is taken out to buy property for example or whatever it is, otherwise I don’t see the point in the trust at all, as I could just have the cash in my investment/brokerage account and take from that to invest in property or whatever the investment might be…
I’m not sure I totally understand how taking a loan without using the money in the trust is possible though…
With the types of policies they are explaining when you loan from your policy it is just subtracted from the death benefit. The benefit of that is your account value or cash value doesn't go down. So your money is still compounding interest and building more wealth. EX. Your Death benefit is $500k your cash value is $100k. You loan $30k. Your death benefit is now $470k and your cash value is still $100k. With the accounts we use for this they averaged 13% per year over the last 20 years. Since the loan came out of the death benefit and not the account value you would get 13% credited to $100k instead of $70k thus building more wealth. The other great feature is since it's a loan from your policy you don't have to pay taxes on that money. We use these types of plans to help people build tax free retirement income. Since it is a loan there will be an interest rate, typically 3-6% annually so if you don't pay it back your death benefit will decrease over time. However, since it's life insurance you have to have a certain amount of a death benefit in order to receive the tax exemptions. So as your account value/cash value grows it actually increases your death benefit over time.
How do you find out more about this strategy and w to implement it properly? Thanks
Are you able to purchase multiple policies for yourself? If so, can you hold all policies under one company or is it best to spread them out to a variety of life insurance companies?
Pick you a Mutual Life Ins. co. that is near or over 100 yrs old with A+ AM BEST Rating and Buy all you can buy and pay for. Now if you want to spread say over 2 million, say 3 & 4 mill. then find another company just like I described. You are likely ok buy 5 million with a company like this. But they are Multiple companies that fit what I describe. Some I like arae Lafayette Life, Ameritas, New York Life, and Foresters. Suggest staying away from Stock Life insurers since so many of them sell out and end up going dormant/inactive - not necessarily out of business but reduced to Policy Guarantees which is bad for you. Hope this helps you. I just been doing this 45 yrs with a degree in the subject. I love this idea of Generational Wealth funded by Life Ins. policies due to the LEVERAGE of some HUGE Gains income tax free at death.
Yes you can have as many insurance policies that you can afford AND if you dont cancel or replace the other one Licensed Life Insurance agent however, if your policy is structured correctly you dont need more than one. depending on what it is that you are looking to do.
Thanks gents, tell me does this work for all western countries?
How do we find the structure you preacribe in our own from the country we reside in?😊
Doesn't matter. You can have multiple, you just have to make sure you qualify. No company in the US is allowed to sell whole life at a rate more/less than others so technically it doesn't matter where you go for that. Just depends on what you want the policy to do
Better wealth
Awesome info
Hello all, thank you for the info, any idea how we do this for non-US people (EU)? Thank you very much! Best regards, John
How much insurance whole life insurance would you suggest for a 4 year old? Thanks!
Thank god for you guys ❤
I’ve googled everything .. the rock high method , rock hard, . Rock art, WHATS THE NAME OF THE BOOK 📕
Sorry you couldn’t make it out! The title is, “what would the Rockefellers do” by Garrett Gunderson.
It also goes by “what would billionaires do” if that first title doesn’t work.
Hope you enjoy it!
@@BetterWealth you have no idea how many variations I tried ! Holy crap dude thank god you answered it was driving me crazy ! I’m just glad you answered ! THANK YOU VERY MUCH !
Does Better Wealth offer trustee services to manage the trust after the passing of the insured?
Hi Andrew! Thanks so much for watching and commenting! We can for sure help you. We don't write the actual trust in house but have prefered partners who can set these up for our clients. If you go to www.betterwealth.com/andasset and schedule a call we can help you get the right info.
I must say that the family that u leave inheritance too needs to have knowledge of wealth and to keep this going because one bad apple can dead end the legacy.
I love this ‼️
Great Info!!!
Glad it was helpful!
Caleb
Where and how do you start a trust fund and have a manager of it. I would like to take my IBC policy and flow it through a trust
Hi Mike! schedule a clarity call at www.betterwealth.com/andasset and we can help you gain more clarity over this. Thanks for watching!
Can you explain how long it takes to get vested in a policy such as this to actually have cash banking available as a living benefit?
Depending on how the policy is structured you have access to 60 to 90% of your deposit within the first couple weeks of starting (ie. deposit 100K and have access to between 60K and 90K immediately or deposit 10K and have access to between 6K and 9K almost immediately). I borrowed 80% of my deposit from one of my policies within 2 weeks of opening it.
@@maxpruger837 can you tell me how to find a policy structured like this? I’ve had a call with a company offering both a Guaranteed Universal Life and Individual (??) Universal Life Policy (GUL / IUL) for $1M and in both cases they say the “sweet spot” is around year 11 when you can pull about $286k out - with annual premium of $24k - am I missing the name of policy you are referencing??? Thank you
@@jerrygprickett I am not a fan and I do not recommend any type of Universal Life policy (indexed, variable or any other). What you want is a properly structured whole life policy from a mutual company that maximizes cash value. You can get as high as 85-90% of your first year premium in cash value and a break even in about 4-6 years. I'm a user and have multiple policies, I'm not an agent and don't sell policies. I could recommend my agent who specializes in 90% policies but since this is Caleb's YT channel, I won't recommend another agent. I suggest you reach out to Caleb's team and see what type of policy split they offer. If they don't offer a 90% cash value split then I recommend you do a YT or Google search for companies who offer 10/90 policies (10% base/90% PUAs). Hope that helps.
@@maxpruger837 clears it up perfectly - thank you for your time.
@@jerrygprickett Happy to help and good luck with your search. Feel free to ask any other questions and I'll do my best to help.
Where can we get the rockefeller book?
Here you go! www.amazon.com/What-Would-Rockefellers-Do-Wealthy/dp/1717167160/ref=asc_df_1717167160/?tag=hyprod-20&linkCode=df0&hvadid=312025907421&hvpos=&hvnetw=g&hvrand=14547678550927468746&hvpone=&hvptwo=&hvqmt=&hvdev=m&hvdvcmdl=&hvlocint=&hvlocphy=9019181&hvtargid=pla-568202329139&psc=1
Who do you serve? I heard that...
Thank you 😁
Well said !
Thanks, Jonathan!
Do you have ideas for a person like me who makes about 4k a month? Unsure if i can afford it. I have all my money tied up in my m1 Roth IRA
One video I'd love to see is someone talking about leaving a legacy if they don't have children. It seems like every video is all about setting up. Your family? For the future but if you have no children what are you supposed to do with that money
Very good question! This is one we’ve talked about briefly but not to a full extent. Would be happy to make this video for you.
You could donate your money to a jewish nonprofit that will donate to bringing in more migrants to speed up the demographic replacement of the united states!
Talk about a legacy!!!!
Do u guys plan those matching fits
Always haha
Good stuff👍
God bless y’all 🙏🏻
You as well!
You’re drawing on a laptop that has a touchscreen + stylus right? 🤔
Not an iPad?
Yes it's the lenvo studio computer. I use one note on there and draw with the pen they provide :)
Do you do this with a whole life policy or term life policy?
Whole life 😊
What's the best or recommended whole life insurance company?
How can I find the (and asset vault)?
Here you go! bttr.ly/vault - We have it in the description also :)
WHAT SPECIFIC MUTUAL LIFE INSURANCE COMPANIES DO YOU SUGGEST, MOST IMPORTANT!!!!!!!!!!
Hi George - Take all this with a grain of salt because the situation is super important in choosing which company. With that said the companies we like to write with are Mass Mutual, Penn Mutual, Guadian, and Lafayette life insurance company.
Can I get more information
Hey! If you would like to learn more we have this free vault with lots more videos and resources - bttr.ly/vault
Or if you'd like to speak with someone directly to answer your questions you can schedule a call here - bttr.ly/ayclarity
I tried to rewind 6 times to hear you mention the books name but I don’t understand ! The rock method ? Please give me the title !!! And name of the book !!!!
What Would the Rockefellers Do? How the Wealthy Get and Stay That Way ... and How You Can Too by Garret Gunderson
*I think*
@@TheMicromachine333 you snuck in the I think… very clever … very clever 👏🏼
Only 51 comments…amazing….what is the contact info for better wealth
You can reach us at Info@BetterWealth.com for all questions :)
They had a monopoly on oil, that is how they did it.
First time seeing you guys. You got a sub right here bros. Would love to cross promote you guys on our Real Estate RUclips channel.
Email me at Caleb@BetterWealth.com love opportunities like this :)
SHARED WITH 25,000 FB
Thank you!
The rockerfellers are American royalty
Once your net worth is large enough, an SBLOC against your portfolio does the same thing.
Kahn Life Insurance
Life or Term
I love ❤ this nerd shit‼️
We love to hear it!
I have to politly request you have change language facilities on youtube this video in hindi like mrbeast
How to protect the Insurance company goes bankrupt ? Hypothetically speaking ? It happened in several countries
Let me know what insurance company pay out money if a family member self-delete themselves.
It’s all very good but if you had £1 million in your life insurance but you spend it all in ur life you don’t have anything to pass on when you’re dead
What’s the name of the book?
The name of our book is, “The And Asset”. The other book is, “What would billionaires do.” By Garret Gunderson 😁
You can also control if that disaster of a kid gets a share.
Why don’t people I or more about this .
I mean John D Rockefeller was perhaps the richest person in the history of the world. It’s hard to know for sure but it’s very possible. I’m just not sure how applicable it is to be comparing generational wealth to that of the Rockefeller family. By the way, do you know where John D got the money to get started in business? His father loaned it to him...
But yeah. Those death taxes are killer. And obviously keeping capital and wealth in the family is great. I’m just saying. The death benefits of the Rockefeller’s are just a drop in the bucket of their generational wealth. You get to the point where you have so much wealth... No matter how much of a fuck Bill Gates kid is, Bill Gates great great grandchildren are going to be rich as fuck.
THEN GET RICH SO YOU CAN DO THE SAME FOR YOUR KIDS
Dont matter where he got the money from. He was going to get it anyway. Too many connections, from his family name.
Mansa Musa is the richest person in the history of the world.
@@raphealthagreat 👍👍👍🙂
I love this idea of living benefits. never even looked into a life insurance plan. TBH though the idea of leaving my kids millions of dollars they didn't earn makes me sick. I will do everything i can to prevent them becoming shitty spoiled entitled brats like the Rockefellers or basically anyone who comes from money. I want to give them every opportunity I can but a large bank account will not be one of them.
😢😢
Would the instructions within the trust prevent your kids from being lousy stewards? That’s what I’m trying to figure out.
@@ArlieB7 Pretty much. You can add certain requirements in the trust. I think Warren Buffet's trust is giving away 99% of his wealth. Growing up Buffet's kids didn't even know they were wealthy. I forgot which rich person said this about wealth and children but it was something along the lines of giving enough to his children where they don't have to worry about money but not enough where they don't have to do anything in life.
Agreed. Large enough to fund some “education” - or whatever passion they want to pursue in that can generate money, a business or something to give back to the world, animal shelter perhaps. But to live life lavishly without knowing how to earn it and waste it all on mindless shopping, entertainment and parties, nope.
I really don't think the Rockefellers are putting their money in whole life insurance, hahaha
Dude on the right seemed like he hardly knew what he was talking about and dude on the left looks like a dad making sure his son repeats what he taught him verbatim lmao
I didn't know you could have a million dollar death benefit on a child?
This was a terrible presentation.
2 gay dudes just having uh chat
Did he say baby goyims…wow..and that’s a scary thought! Wtf.. bro tone down in the racist rhetoric please
Hey, he said “baby Guilliams”. Guilliams is my last name 😁
🤣🤣🤣 was just messing around not serious bro..keep up the good content!
🤣🤣🤣 was just messing around not serious bro..keep up the good content!
Planting a tree 🌳