Can cash value from whole life insurance can this cash value to pay off the outstanding debt of the whole life insurance who have not been paid for years
Hi guys I tried to apply for and filled out your form but it told me now may not be the best time for a policy. Please let me know how to talk to someone on your team.
What's the minimum deposit amount needed to obtain or start a policy? I unfortunately lost my beneficiary daughter (only child) in a automobile accident. However, in recovery I'm still in process of building our empire in honor of her. P.s. love the channel and avid watcher. Thank you
We are sorry for your loss. There is nothing like losing a child. We also know that loss. To answer your question, it really depends on what you are trying to accomplish. Send us an email info@wealthnation.io so we can chat more in depth.
takes a long time for folks with whole life to gain cash value, in essence, you are just giving away your hard earned money to the insurance company without seeing any returns for a few years. This doesn't make any sense to me.
Thanks for you comment @Kush333. The cash value can be accessed from the insurance company in the first year, but the focus isn't on giving you a return because its not an investment. It’s up to you to use the cash value to invest at a higher rate than it cost you to borrow from the insurance company. The primary purpose of whole life insurance is permanent death benefit coverage. In addition to cash value, it has an added benefit that no other instrument provides which is tax control.
Love this episode love you guys for this channel and I will be on your podcast very soon and I will stay in touch with you guys to start my first policy so thanks in advance for everything 😊 ❤️ 🫂
I just bought whole life insurance 31 yr old mom of 2 under 2. Love your videos
What a fantastic collaboration you have presented. Thank you for having Richard share his insights on IBC. Looking forward to more of this!
Very informative ✍🏾guest
Wealth Nation, amazing video it was really entertaining
This was a great listen. Thanks for bringing Richard on your platform. Would his book benefit Americans?
Absolutely!!! We’ve learned so much from him during our journey
Any recommendations/advice for life insurance policies for veterans?
Can cash value from whole life insurance can this cash value to pay off the outstanding debt of the whole life insurance who have not been paid for years
Cash value can be used to pay policy premium
Hi guys I tried to apply for and filled out your form but it told me now may not be the best time for a policy. Please let me know how to talk to someone on your team.
Besides real estate what else can you invest in with a small monthly premium of $32. For a policy of $15.000 life insurance
Is it 1 Year Later we allowed to touch the Money ?
No, we used our policy loans to pay off credit card debt and access our loan the first month.
What's the minimum deposit amount needed to obtain or start a policy? I unfortunately lost my beneficiary daughter (only child) in a automobile accident. However, in recovery I'm still in process of building our empire in honor of her.
P.s. love the channel and avid watcher. Thank you
We are sorry for your loss. There is nothing like losing a child. We also know that loss.
To answer your question, it really depends on what you are trying to accomplish. Send us an email info@wealthnation.io so we can chat more in depth.
@@WealthNation will do. Thank you!
If I have a loan for $1000 from my whole life insurance. what would be the best way to invest it so I could pay it back to get more cash value
Best way in my opinion is to keep your day job save for six months so you have safety net.invest that money in SCHD, or RIETS from real state
takes a long time for folks with whole life to gain cash value, in essence, you are just giving away your hard earned money to the insurance company without seeing any returns for a few years. This doesn't make any sense to me.
Thanks for you comment @Kush333. The cash value can be accessed from the insurance company in the first year, but the focus isn't on giving you a return because its not an investment. It’s up to you to use the cash value to invest at a higher rate than it cost you to borrow from the insurance company. The primary purpose of whole life insurance is permanent death benefit coverage. In addition to cash value, it has an added benefit that no other instrument provides which is tax control.
Do you need a professional thumbnail designer at your budget rate
( My prices are very low)
Love this episode love you guys for this channel and I will be on your podcast very soon and I will stay in touch with you guys to start my first policy so thanks in advance for everything 😊 ❤️ 🫂
@@zacktheallaroundguy1323 Do they sell Policy's? I allways Wondered
Thanks for checking out our video @zacktheallaroundguy1323! See you soon!
Yes we do! You’ll see in our description to apply to work with our team.