Designing A Policy For MAXIMUM Cash Value | Infinite Banking
HTML-код
- Опубликовано: 28 авг 2024
- To get started with your own Banking Policy, just like the wealthy do!
Watch the 90 Minute Webinar at Chrisnaugle.com
And book a call with our team: mentors.beyour...
WE DO THIS ALL DAY EVERYDAY, DESIGN, APPROVE, AND GET YOU STARTED.
Here's how else you can prepare:
Register for the next LIVE Wealth Wednesday Webinar and get our newest mini ebook instantly upon signing up! (digital download) moneyschoolrei...
3 Day VIRTUAL Workshop
www.moneyschoo...
:::::::::::::::::::::::::::::::::::::::::::::::
Stay Connected These Other Ways:
INSTAGRAM:
/ thechrisnaugle
FREE WEEKLY WEDNESDAY WEBINARS:
moneyschoolrei....
GET CHRIS' BOOK:
www.chrisnaugl...
#Cashflow #banking #money #creativefinance
DISCLAIMER. The information presented in this video is for educational purposes only and should not be taken as investment advice. Investing involves risk and any decisions made based on the information presented in this video are solely your own responsibility. We encourage you to do your own research and consult with a financial professional before making any investment decisions. We do not endorse any particular investment or investment strategy, nor do we guarantee any specific outcome or profit. Past performance is not indicative of future results and investing involves the risk of loss. Thank you for watching and we hope you find this video informative and educational.
Bro I grew up on the east side of chicago and we weren’t taught anything but Spend! And for me to really be positioning myself to become my own Bank and set myself in position to build generational wealth and help those in need, Is Amazing! God bless you 🙏🏽
Hands down the ultimate Infinite Banking Concept breakdown. 🤯
@@inspirepartners370 It's unfortunate that you feel that way. Watch more of Chris's content to get a better understanding of it all and how much it is actually not BS
@@andyzeglevski do you have a policy set up? how did you go about getting qualify and whatnot?
@@josephsaeteurn9158 I have two policies, one on myself and one for my daughter. The process is pretty straightforward. Anyone that works with the Money Multiplier and Chris's team are great. The easiest thing to do is just set up a call with them and start the application process. They ask very basic questions, nothing too invasive.
Yeaaaah boiiii!
Can't say enough great things about this guy. He has changed my life.
More info?
Incredible , detailed and finally able to understand this concept. 🙏🙏🙏
I hear ya! I very known about this process for 20 yrs, tried like hell to get this going, unfortunately ran into the wrong hole life policy agents, and wasted a small fortune trying.
Hopefully I recoup now at 51!?
This is amazing! I used to be a Life In’s producer a few years ago and was apparently taught the wrong way and got burned out. This is giving value and that was why I got into selling it in the first place! Watched your 90min video and am enthusiastic about it again. Also want a policy like this soon.
When you are ready my team can help you out. That’s great how you see the value of the tool used in this process. It’s a game changer!
As a salesperson your comment is more indicative of a scam than anything. Can I interest you in some Amway products?
Bravo! Amazing content! Infinite gratitude 🙏 ❤
Thanks for an awesome video explaining this concept. I appreciate the information you provide.
Finally!!! Thanks Chris! Was always looking for a video of yours that goes in-depth with policy designs. Appreciate it!
Small correction, wouldn’t the Premium for the 90/10 drop to $1037 instead of $1378?
You may want to pay the interest on the outstanding loan so it doesn't continue to compound all those years you chose not to repay the loan. Otherwise yes, you don't have to repay the loan but Nelson would say "don't steal the peas". :)
I learned about this 6 years ago, and I didn’t put my money into one of these accounts for the same reason I won’t today. It only appears to make sense if you have a lot of money already. For low income people, whose necessary expenditures are equal to their income, it looks like it would hurt more than it would help.
Brilliant information!!! I need to speak to your team. I have been looking for this part to my diversification plan. I watched the entire video and appreciate the valuable content you have brought to the public for free.
At the beginning of this video you said it's a product but I have watched many many of your videos where you say it's a process not a product. I understand it produces therefore product but iron it out so everyone understands the intricacies of IBC. Thank you‼️ You're the best ‼️
Great video. Thanks for the info. How much does it cost to get policy put together by you or your team?
Thanks, graettt information
This was fantastic. Thank you so much!
Glad you enjoyed it!
Thanks Chris, best illustration ever. 💯💥👍🏼
I am still early in process in setting up my policy and I 1035ed my IUL, not much there but every bit helps. The Rock sounds like a cool plan and i hope i qualify for it since I am healthy 43y/o and have some money for dump in. I am glad you updated the designing a policy video. I hope you guys help strategize on policy set up as I have both debts and investments & I wonder if better to pay debts or keep working on investments
We definitely can help you strategize on the setup and use of the IBC process. Reach out to my guy craig@themoneymultiplier.com to get started. We also have an implementation team to help on the execution of the process.
Update?
Thank you Chris
Thanks for this video. Do have a ebook explaining the IBC concept and all the designs?
Thank you for making this video!
Glad you enjoyed it!
THANK YOU your breakdown was easy to understand !!
Im about to dive in and learn some stuff ...thank u
Just the video I was looking for. Thank you!!
My bad, I done watched 6 of your videos and didn't subscribe yet....lol I'm subscribed now and got a meeting on the January 4th!!!
This is amazing!! I’m in!
Smoke and Mirrors my friends . Content is always awesome and amazing to watch, although YOU and I know we can design an IBC 40/60 or even a 50/50 blend and get the same 10/90 RESULTS w/ Dump In, Oh and get paid more than displaying that commission, with a win win for client and agent.
Curious in that example is the a SPUA ? Or LPUA? I mean if I’m gunna help my clients I’d at least like to give them access to FULLY MAXIMIZE there Capital instead of only $10k/ yr after yr 2 how about I give them opportunity to put in up to $60k every yr 🤯
And non MEC, ah just sayin. Keep pumping out content.
Maybe we’ll talk one day, enjoy your day
I thought he was only giving an example and you could replace 10k with any amount.
I am stoked and wished i had learned about this in my early 30s. Ill be 40 this year and my 60/40 plan just got approved. I'm anxious to take this plan to the next level in a few years once I can build the liquidity.
How is the plan going so far?
@@katlynkang15 he is not updating but then again it takes more than 5 months.. this is yearly thing..
I was gonna ask for an update too lmao
Yeah, he said in a few years and it's only been 9 months as I am writing this comment. So give him at least another two years and three months guys! 🙃
Wondering if this will work if we are forced into digital currency
This is great strategy, Who should I talk to? can I write my own policy or it has to be someone who (2n person) has an insurance license to write it it for me?
Dude! I watched your 2020 version then this update! Wow! Love the info both times, and your production team is great too!
My question is about buying a home to live in. Houses are exponentially pricier than cars, and to get a decent one these days would require a whopper sized policy, right?
Much thanks... you explained this very well in both videos!
Amazing informative video
If I understood correctly you have the ability to take out loans every year and let the insurance provider deduct it from the death benefit?
The loans are an advance of the death benefit and if you graduate with a loan it will be deducted from the death benefit.
Is there any mutual whole life poicys in Australia
This looks and sounds absolutely marvelous. However, I do not believe it will work for low income people because we barely scraped by paying just our monthly living expenses
Why don’t we look at it as a percentage of your total deposits? For example, year 5 we put in 10k, so 50k total, 60/40split what would be my % of my total would I be able to withdrawal, of which balance the cash value or the base? Is the death benefit the present value of the cash value?
Amazing you have me mind blown where was this 20 yrs ago I need to bmob
8825 back for premium of 1378 in in the 90/10 is a 6.4 cash on cash return.
11042 back for premium of 3500 in the 65/35 is a 3.1 cash on cash return.
9887 back for premium of 2500 in 75/25 is a 3.9 cash on cash return.
11606 back for premium of 4000 in the 60/40 is a 2.9 cash on cash return.
I'll take 6 back for 1 over 3 back for 1 any day.
@Tobarj: You are correct based on Chris' illustrations. Are Chris' number correct? They don't make sense. Also with the 50K dump-in illustration, the 15 & 20 year on THE BEAST don't look right either compare with all the others. on Year 15: $18,284 vs $12511, $12033, $7902. Does he meant $8,284?? And on the Year, is it $12,155 instead of $22,155???
@TheChrisNaugle My agent told me there is 5% front loading fee on dump-ins with Guardian. Is that standard?
Am I understanding this properly? You have to literally pay $10k per year into the WL policy?
I would love to hear and learn this dude's approach, but too many distractions (music, camera switch, visuals, etc.). 1 camera a to-the-point approach would've done it.
I agree. I would love to listen to Chris’ 90 RUclips except the music is too much. I’m searching for one of his videos without the background noise/music so I can concentrate on what he has to teach.
It is amazing to me that in this day and age, these young guys are soooo clueless about video production
Tks a million ❤booking asap
Are these policies available to non u.s. persons or u.s. persons residing outside the u.s.? I may renounce my citizenship in a couple years and I'm curious how this would affect tm one of these policies.
09:50 Disclaimer about the variable/ non-guaranteed part of the Whole Life Insurance a.k.a. the Dividend income, Interest rate and death benefits are guaranteed 14:00 Rocket+booster analogy 24:00 Nash model walk through (a bit rushed, watch again) 29:00 Commissions (55% tax charged on your hard earned money - not by the Govt but the agent!) 32:20 Next model - The Beast 42:30 The Slayer 48:30 the 90/10 and it's problems 55:00 First part over, all above models revisited but with a 50K "dump-in" this time 01:06:00 The Rock 01:11:00 The IBC Process 01:16:00 One-picture-worth-a-1000-words slide
---------------
Thanks for a gr8 video. I am from India and only recently did I come across the IBC. As of today I am not sure if such a set up is possible in India and would it help a M/50+ to start now. Typically our corporate take products from the west and tweak them to benefit themselves way beyond the product was designed in the West. It's not that I have understood everything but I need to study - the IBC process and if Indian insurers - most of them are in partnership with International companies like Allianz, Prudential, Max etc. - even offer any products like that and what interest rate they charge on the loans. I am certain they charge like credit card but I need to double check. No one writes then upfront - like say 100bps above LIBOR or something like that. If you can not take a loan at a decent interest rate then the slide at 01:16:00 has much less significance as it shows both interest rates as same. That is normally not the case. You are paid less and charged more. My confusion is whether it matters? whom am I paying the interest to? Do the $600 self-enforced-EMI, in the video example, go to my policy and is available to me the next day - as said in the video? Am I building the death benefit back as I pay the self-enforced-EMI? Not clear how that works. I have a lot to study. Thanks for the video once again. Liked and subscribed.
You can check Saral Pension scheme, it has defined Interest loans max to +200 bps of GSec 10. It maybe helpful
43:06 The SLAYER 65/35
Great presentation, however i didn't see where you explained the other insurance companies at the beginning of the video you mentioned that you were going to explained two towards the end, is that information going to be mentioned in another video or was it purposely left out?
Great video! I learned a lot
Great video!!! Question... is there a way to use your concept to avoid capital gains on the sale of highly depreciated rental properties? Thanks!
i dont believe you can avoid tax on gains outside the insurance.. its not roth..although i have heard of writes off..
Amazing 🤩
What an awesome video.
Raining Blood! 🤟🏻
what is the name of the two companies that he said he uses in these demonstrations that works best with IBC ?
Thank you
The Golf is at timestamp 1:19.00
Hey Chris these models don’t show you paying back the money right? If so wouldn’t those numbers be even larger?
Hi Chris I have a question ,how often can you borrow from your policy? Once a month? Once a year? PLMK THX
So, at marker 43:35, here is what I understand you to be saying:
Yr 1 - Premium Deposit $10k - Total PD $10k - Available - $6575 - Total Available $6575
Yr 2 - Premium Deposit $10K - Total PD $20k - Available - $6575 - Total Available $6575
Yr 3 - Premium Deposit $10K - Total PD $30k - Available - $6575 - Total Available $6575
Yr 4 - Premium Deposit $10K - Total PD $40k - Available - $6575 - Total Available $6575
Yr 5 - Premium Deposit $10K - Total PD $50k - Available - $10,122 - Total Available $10,122
Are we assuming that the loans taken out are NOT being paid back to the policy? If they are being paid back to the policy, can I take that money out again to another loan in the same year? If the loan is paid back, can that money still be used in the next year which would (estimatedly) double the available money in year 2 and then add the available money of the current year to the total available money from the previous years?
So, assuming the loans are repaid (with interest) in same year they are taken out, shouldn't the Available Funds increase each year?
Yes I need clarity on this as well... that would make sense if the loans are just being taken every year and not paid back.... but without that being the case, these numbers are not numbering! I can't see having 100k and only 13k available for a loan.
No, its not that its a static $6575 for year 1-5; it would have taken a lot of whiteboard to write out each year. He's demonstrating that in year 1, when you put in 10k, you'll have access to $6575 (65% cash availability - 65 to PUA, 35 to base). "Fast forward to year 5" and that 10 premium deposit now nets you 10,122 in available cash (101% cash availability)... fast forward another 5 years and now that 10k is netting you a 13,184 availability (131%). ... "each year is better than the last"
Question: lets say I have $0.00 to use to set this up. Would it be advisable to take out a line of credit to start a whole life insurance policy?
Hello Chris,
Thank you so much for sharing this information. I wish to know if this IBC is universal and can work in my country (Nigeria). Please kindly reply. Thank you.
Root beer is the only sucker flavor that’s worth it….
Do the amounts you can “borrow” remain the same even if you borrowed every single year and didn’t pay them back?
I am in the process of hunting down a decent company to design a 60/40 with a dump in. Any advice?
My team can help you get started. Reach out to my guy craig@themoneymultiplier.com
Thanks for this great breakdown video. Quick question, can residents outside the US such as UK & Sweden do this and if so, do you offer services to people in those locations? Thanks in advance.
Check this out: ruclips.net/video/jdbGakSN9a0/видео.html
Quick question if I decided I wanted to try this out for 1 year. Would I'd be penalized for taking out all my money back in 1 year and close my account.
Is a whole life policy considered income?
What's happening to the column on left side over the years other than cash value, you didn't talked much about it?
Man I sure wish I'd seen this 20 yrs ago... I read about this concept, tried to find hole life policies to make this work, unfortunately I spent many many thousands and now after canceling some policies, I only have 1 decent holes life policy
I found you last week and I've watched so many video's. This is amazing my only question is for these policies we pay the full $10,000 up-front to open the policy, then 30 days later I have a cash value ?
If you are funding the $10k up front or annually, then within the first 30 days you will have access to cash value. This is based on how we design the policies.
@@TheChrisNaugle i want to fund $10K up from every January.. how much would the monthly premium be to open the policy if i want the 65/35 plan? how do i even qualify?
Reach out to my guy craig@chrisnaugle.com and he can help explain the process.
23:59 60/40 Nelson Nash Model
Chris, can IBC be done in Ireland
What design would be best for someone wanting a policy for 1 million dollars that wants high cash value early and access to cash immediately?
There are some dependencies to consider but a 75/25 (pua/base) would be a good place to start.
Can I theoretically get a loan for the cash value every year or do i have a certain limit per policy and is it capped?
Do you need the PUA rider at all in the beginning if you don’t plan to touch the cash value for 20 years?
How much can I start with. I’m on a tight budget. Can I start with say $100 dollars a week?
so is this a single premium life insurance policy, but with increasing death benefit so it is not considered a MEC?
I'm confused. Around the 28 minute mark you're saying after putting in $10k at year 10 I can borrow $13,184. In the same row, please explain what the$103,857 is?
I'm thinking if I've put in $10k every year for 10 years, I would hope to be able to borrow more than $13,184.
Where am I going wrong?
He’s saying for the 10k you put in that year not all the years
If I remember correctly the 100k is the payout upon "graduation" minus any outstanding loans you gave to yourself.
Wow amazing!
Thank you! Cheers!
How much do we pay for your service to teach us this .?? Or rather show us where to open ibc ??
Talked to an agent earlier, and sure enough, he said he couldn’t do a 60/40 design. I told him that I’d “think about it..”
can i do this at 68 yro?
Will be back. I just can't concentrate today .
34:10 The BEAST 75/25
😱🔥🔥🔥👏🏻🙌🏻 you are the man!
chris this is paul i would like to get started
Hey Paul, reach out to my guy craig@themoneymultiplier.com and he can help you get started
So the right column with the money that you have access to, that number keeps adding together if you don't borrow from it? That's how you borrow the $30k for a car or $ for realty?
The value of your policy keeps growing whether you take loans or not. Each time premium deposits are made, you have access to a portion of the money within the first 30 days. The on going growth also adds to the available cash for a loan.
Do you use Lafayette Life?
yes!
So by year 5, I've put in $46,950 in total premium contributions, but i can only take out $10,573?
I think thats how much for that year, you can take out each year. Its cumulative??
At year 5, $10k of premium deposits go in and the cash value that year grew by $10,573.
Why a mutual company vs non mutual.. the non mutual projections for cash flow and death benefits are alot higher then mutual company.
What can you do if your told?
The cat is out of the bag, IBC!!!!
Can I do it even if I dont live in the USA?
been waiting for this one!
This product cant be designed the same way in canada
Hmm. I've been considering dumping, but I only have $108,000 or so in my tsp and with taxes and penalties (since I'm only 37) I'd only have around $70,000 left. Not sure if it makes sense to do that. Makes me nervous to give up that much money to start this when I have no clue how to "make my money work for me", haha. Also, if I have HX type 1 diabetes, am I even insurable?
So, with all of these models, I would need to deposit $10,000 PER YEAR to the insurance company?? In other words, I wouldn't just make ONE $10,000 premium deposit ONCE at the beginning of the policy, RIGHT????
From what I understand is yes you would pay $10,000 per year.
Can you help someone in Canada?
Yes, I am also interested from Canada 🇨🇦
You can take 9k out when you pay 4K . Do you have to pay that back ? Or pay interest every year
At the 1:02:23 mark - you say that it is less efficient at the 10 yr mark - but 10k increased $14,993 and in the 60/40 it was just $14, 818 - you said was less efficient first 10 years... Those #'s show it's better.. Maybe not in year 9 ?
I am going to stick out my neck here (be gentle, I am just a regular person). The same way that Whole Life products are not equal, isn't there a way to make an IUL work for you using the IBC process? I came across an IUL offered to me with very similar terms as my whole life (Yes, I have a whole life already). The agent even told me their commission rate (lower) since they are a part of a fiduciary association in CA. Any thoughts? Thank you for the video, excellent teaching!
Check this out. I talk about WL and IUL
ruclips.net/video/l55WKeKyAUg/видео.html
your agent lied to you!!!IUL's at some point will be illegal or maybe around AG-49K
Does your death benefit go up through the years?
The BEAST $50K dump-in illustration doesn't look right. On Year 15: THE BEAST $18,284 vs others $12511, $12033, $7902. Does he meant $8,284?? And on the Year 20, is it $12,155 instead of $22,155??? In every case, 90/10 has the best cash value/premium ratio from year 1 to 20?? Then ROCK, BEAST, SLAYER, NELSON. Am I missing something?
Thank you, Chris👍