Not all trusts are created equally 😢taxes are good and should be paid when taxable events occur. Family wealth preservation has nothing to do with taxes, so...
How can someone who is disabled, not getting disability pay, and no income get started in this? There has to be a way to change my future and that of my children and grandchildren.
Chris, thank you for the video! I’ve been interested in this topic for a while. I have a question not regarding this specific video. If you have 50k in cash value (CV), and you have a loan out for 25k, can you get a CV line of credit for only 25k or the full 50k?
You can get a CVLOC for up to the total cash value, but it also depends on your credit, and the lender/bank. They usually go up to around 90-95% of your Cash value for the line of credit amount. Also, if you have a 25k loan out with the life insurance company, they would just transfer that balance on to your new line of credit.
False. Bitcoin is not life insurance or generational life insurance. It does not pay out a death benefit. At best it is a hedge against the dollar, but you have no control over bitcoin, and it has no intrinsic value.
@@stephengilstrap you will understand Bitcoin soon..... everyone will. It is the future of finance, the everything ledger, including your insurance payouts!
@@stephengilstrap i agree except the hedge against the dollar and having no control over bitcoin part!. thats the problem now, people want to control things they cant control naturally...your not suppose to control bitcoin because man is the problem to the fiat system anyway!!!!!
This webinar is the BEST!
Thank you for this information. My future generation appreciates it too.
And how do you combine the policies if you have different policies with different companies?
This was amazing great video
Be fruitful, multiply, and replenish.
Your videos are the best Thank you
1:10:28 Henry ford did not develop the assembly line process…George Washington Carver did
🎉This is great!
Question.
If the family bank has a cumulative Amount of $10M can 1 person take a loan for the full $10M??
Chris what happens to the 2% extra earned from the loan. Is it paid back to the your account tax free or is it earned income or capital gains?
The interest earned on the investments or interest earned outside of the internal cash value growth is taxable like everything else
Thank you!
Not all trusts are created equally 😢taxes are good and should be paid when taxable events occur. Family wealth preservation has nothing to do with taxes, so...
First time!
Hope you enjoyed it!
How can someone who is disabled, not getting disability pay, and no income get started in this?
There has to be a way to change my future and that of my children and grandchildren.
If you cant save money thats tough to apply IBC but you could watch @vanntastic on RUclips and learn velocity banking.
@@TheChrisNaugle Thank you! I'll look into that.
The Vanderbilt taught the son but not the daughters, the trust . Thanks.
Chris, thank you for the video! I’ve been interested in this topic for a while. I have a question not regarding this specific video. If you have 50k in cash value (CV), and you have a loan out for 25k, can you get a CV line of credit for only 25k or the full 50k?
You can get a CVLOC for up to the total cash value, but it also depends on your credit, and the lender/bank. They usually go up to around 90-95% of your Cash value for the line of credit amount. Also, if you have a 25k loan out with the life insurance company, they would just transfer that balance on to your new line of credit.
yes you certainly can.
@@MichaelDavid81 Thanks Michael-1st hand experience
Og.
Sunset in 01/01/2025 and estate tax exemption amount reverts back to $5 million.
Og
I
Bitcoin is generational whole life insurance and wealth, and the real estate for ALL future financial transactions, and it's less than a decade away
False. Bitcoin is not life insurance or generational life insurance. It does not pay out a death benefit. At best it is a hedge against the dollar, but you have no control over bitcoin, and it has no intrinsic value.
@@stephengilstrap you will understand Bitcoin soon..... everyone will. It is the future of finance, the everything ledger, including your insurance payouts!
@@Threelittlebirdz-xk7xn we shall see
@@Threelittlebirdz-xk7xnI have to strongly disagree with you. You must be a liberal.
@@stephengilstrap i agree except the hedge against the dollar and having no control over bitcoin part!. thats the problem now, people want to control things they cant control naturally...your not suppose to control bitcoin because man is the problem to the fiat system anyway!!!!!