Text IBC to 26786 for a more in depth explaination

It is starting to make sense. I’m looking into an investment option for my three sons college. At the root of it is to to put a sum of money in and while they are in college take a loan out to pay for college. After they are out of college then we wouldn’t service the loan any more. I’m still digging in deeper but wanting more videos based on the college funding case.😊

@LIFE180

Ай бұрын

This might help? kzread.info/dash/bejne/ZpecpKiGitSwosY.html

Seriously? 90k to start, approx 9300 per year and after 60 years you have 1.3 million? If I invested that into mutual funds or just the stock market and had less then 35 million after 60 years I’d be pissed because that means I got an absolute crap rate of return

This is a very relevant video as I’ve been looking into using a seasoned whole life policy to invest into a RE multi family fund

Chris you are a valuable resource for this "arena"... I found you through the Naugle Team....Thanks for all you do sir !!! 🙏❤🤓

Lots of clarity on how to utilize these policies!

😊 Keep showing your videos, learning alot. Thank you, Chris

@LIFE180

2 ай бұрын

Thanks! Glad to hear it. Make sure you are subscribed. I am dropping the Whole Life Insurance Masterclass tomorrow. Subscribe and hit the bell!

Great video! I feel like I have a pretty good understanding of how IBC works in theory, but it’s super helpful to see some real examples of how things can play out in different scenarios. Thanks!

simply. YES. plus fees. good luck

Informative presentation and I love it -easy to understand

I love the different scenarios you use in this video.

@LIFE180

4 ай бұрын

Thanks!

👍🏼👍🏼👍🏼 Great info

Awesome info, explained that we can still pay the premiums for the policy while holding a loan. And the fact the loan interest compounds annually is very good to know. I will share this info with someone that pulled a loan on their very mature ins policy so they can prevent it from lapsing when the money is needed most.

This channel is so resourceful in learning the nuts and bolts of what goes on in these topics. Outside of taking courses that are niche and speaking with people that are experienced in their field, this channel is the one that I can always rely on to look to, to learn more. Please keep up the great content🤝

@fuzzyelm1

9 ай бұрын

You are only seeing lies and deception! You have to be a Total Idiot to pay extra in an insurance policy just so you can pay a fee to borrow your own money back ! It’s the dumbest thing since velocity banking

Thank you very much for taking the time to explain the policy loans the way you did. It's a great way to see how the policy is affected depending the mindset and behaviour you implement.

😊 Hi Chris, my friend Geoff sent me some of your videos (how to design WLP for max liquidity, how to structure a WLP in 2023). I made it to the end of all of them! I have 2 WLP and I wish I had watched your videos before setting them up. As an educator I know how helpful specific feedback is for improving - knowing what and how we’re teaching that’s helpful or not. I heard your request for feedback so I hope what I share is helpful. In one of the videos I watched you didn’t use the markers and I couldn’t follow what number or column you were referring to. So circling what you’re talking about is key. In this video you quickly defined ‘living benefits’ and that was helpful for me. Most importantly, I didn’t understand how to interpret illustrations until this video. I had looked at them, asked tons of questions about them with my agents. But it’s your comparisons in this video that are helping me understand the potential of WLP bank (taking out loans to fund assets). Before, I understood it conceptually, and have taken out loans for that purpose (and repaid the principal and interest fully). But I didn’t understand how it actually works until seeing you compare different scenarios. This is something my agents didn’t do. I’m learning more from your comparisons and being walked through the illustrations than I’ve figured out in 3 years and 2 policies and asking a lot of questions. I really appreciate you as a true educator, you know what to focus on and how to break things down for learning. Knowing how to structure policies doesn’t mean you can teach other people! I know this from my own experience as student and educator. I teach MBA students (nothing finance related though…I teach how to manage emotional reactivity and build trust on teams). I shared the 3 videos I watched and will be watching more. Sorry for the long comment! What I’m left wondering at the end of all 3 videos: How to leverage my current 2 policies to build velocity as you show in the last scenario? Does a third policy make sense with a liquidity event coming up where I’ll have an influx of cash and if so, how to structure it, with a bigger picture perspective that includes my other policies and life context. Thank you so much for the learning. I think my next step may be to reach out to you and your team?!

@LIFE180

11 ай бұрын

Thanks for the detailed comment. I am jot sure if another policy makes sense or not? I would need to see the first 2 to make sense of it all with you. Happy to take a look if you want, just email Chris@life180.com and I can help you out and then you can go back to Geoff with better info.

This was fantastic! Loved how you broke everything down and showed the different scenarios. Really helps put into perspective why one should pay back their policy loans

@LIFE180

Жыл бұрын

I'm glad it helped!

Very useful info and great breakdown all the way to the end! 🤙🏻🤙🏻

@LIFE180

3 ай бұрын

Thank you!

Thanks Chris, so nicely put 😇 Can you please do a vdo on a 50 years age with 10 years of premium payments? No Front load but just a 10K/year, again with 3-4 loan options like above.

Great video Chris. I love the transparency here. Keeping it real! 🙌😀

Great info. Just educating myself and appreciate the details

Great info! Answered a lot of questions I had.

😁 Thanks for the thorough explanation. Unfortunately, I bought a relatively small (50k) Whole Life policy in the mid-eighties, when I was much younger and a bit more foolish. I took out a loan early in the life of the policy and after making some payments early on have not repaid the loan or any subsequent interest charges. I have continued to pay the premiums. Now, the policy benefit is just over 70k, but the loan debt is at 23k. I am now 65; are there any advantages to paying off the loan debt at this time? Are there any tips for using the policy gains to offset the loan debt, other than just accepting the reduction in overall policy death benefit? Thanks again for your informative video, and any further advice. Blessings.

Great Info😊

@LIFE180

3 ай бұрын

Thanks!

2 days ago I attended a conference call for Real Estate investors where an agent told us how Whole Life can be utilized,he was recommending a 40/60 design and told us to never get a policy with 10/90,20/80 or even 30/70 design.However, he was not able to explain what will happen to the policy if we take distributions in the form of policy loans and never pay it back..your video shows that..he was telling me that although the Internal Rate of Return is 4% and loan interest rate is 6%, the cash value will keep growing even if I take 80-90% of cashvalue in the form of policy loans,I told him that the math doesn’t add up..I see whole life as a great saving alternative and an even better way to pass money to my kids when I am gone but I don’t see it as alife long alternative to retirement. People looking at whole life as an alternative for retirement can withdraw money from the policy when the market is down rather than taking money from 401k or IRA’s but trying to do this over a 10-20 year period can be bad for the policy.

@LIFE180

Жыл бұрын

If you manage the policy loans by paying the interest only at a minimum, it works amazingly to help with real estate investing and with other business needs. For retirement, it can work IF the policy is mature enough before you start borrowing against it. There are also other ways a whole life policy can help you during retirement, like using it as a volatility buffer.

@LIFE180

Жыл бұрын

Also, another strategy for using it in retirement is to withdraw (not loan) to cost basis so you avoid taxes still. Then you can take loans once you hit cost basis. Withdrawing is only a good idea in certain circumstances.

Made it to the end of the video. Lots of questions. Will email ya. Great videos! Hit the thumbs up on all I've watched.

@LIFE180

10 ай бұрын

Thanks. I will respond to your email tomorrow

Yes, it's good info, I appreciate the visual comparisons.

@LIFE180

11 ай бұрын

Glad it was helpful!

🔥 I’m with you Chris! Great information and thank you!💥

@LIFE180

Жыл бұрын

Thanks for the comment! This is one of the most misleading elements of people selling whole life online.

😊 very valuable. I am considering buying a whole life policy. My goal is a savings account on steroids but also eventually use it as a bank. I'm learning to treat your loans to yourself just as you would to a bank... Pay it back. Thanks for the information... No fluff.

@LIFE180

8 ай бұрын

Thanks. Feel free to reach out if you need anything LIFE180.com/clarity-call

👍😀 excellent content. Just watched it with my dad and it helped instigate a great conversation.

@LIFE180

Жыл бұрын

Hahaha, awesome. Are you both agents?

Chris, thank you. This is very informative.

@LIFE180

11 ай бұрын

You’re welcome. Glad it was helpful

So when you borrow funds from the cash value, how does that work? Do you have to say I want $10K, $20K, or some other bigger amount? Or can you use it like a line of credit or a checking where you can make smaller deductions several times per month? For example, how you would pay your credit card bill and your electric bill at different times each month and would use a debit or credit card.

@LIFE180

5 ай бұрын

I am not a believer in paying monthly bills from the policy loan. Companies are not fans of people taking loans that often. Can you? Sure.

😊 great job, very helpful.

My advisor encouraged me to take a loan within the first 6 months. If I’m understanding correctly, that may have been a bad idea

Are the dividends to service the loan based off the net cash value? Are the dividends affected by a loan against the policy? 😊 I listened to the end.

@LIFE180

11 ай бұрын

Hey Ammon! The dividends are created by the NCV, yes. With a non-direct recognition company, the dividends are not affected by the policy loan. With a direct recognition company, they would be.

Very valuable information

I’m starting to sell insurance for this reason. I’m trying to create a personal banking system for my community.

@LIFE180

Жыл бұрын

Amazing. I hope you're using whole life and not IUL

Thanks for the numbers!❤

@LIFE180

11 ай бұрын

Happy to help!

😃 I listened to the end.

@LIFE180

Жыл бұрын

👊🏻🙏🏻

👍. Good video. Was hard to see the illustrations on my phone though. Just a tad too small.

@LIFE180

Жыл бұрын

Sorr....check it out on a desktop/laptop?

As someone who was recruited by WFG and never sold a single IUl with them. I say thank you. I am ferociously seeking to understand these financial instruments and how they can be safely used. I watch start to finish on your videos every time. Would you say it's wise to front-load the policy while maintaining additional cash reserves to pay the premium and the loan repayment if you intend to take loans? This way the policy won't lapse and if a cashflow stream is inhibited there are still reserves to pay the premium and loan. Essentially, factoring in the loan as an additional premium?

@LIFE180

Жыл бұрын

Policy loans on IUL would require a TON of reserves to protect against lapse in later in life... you most likely wouldn't have an issue until you are 70+ unless you don't fund it well

@ConsciousCrypto

Жыл бұрын

@@LIFE180 right but also in a Whole Life? If the premium is 10k but the loan requires 6k repayment. That's more like a 16k premium (in a way), yes?

@LIFE180

Жыл бұрын

@@ConsciousCrypto why does the 10k loan require a 6k payment?

@ConsciousCrypto

Жыл бұрын

@@LIFE180 the premiums paid per year would be 10k in that scenario

@ConsciousCrypto

Жыл бұрын

Chris used a 6k repayment for his 100k loan in his final example. And yearly premiums paid in all illustration were roughly 10k

👍 excellent

@LIFE180

4 ай бұрын

🙏🏻

When you service the loan do you just add the money to your premium payment or do you pay in another way? Why is the 6k per loan payment not reflected in the illustration or am I missing it?

@LIFE180

10 ай бұрын

Not sure I get your question? The loan an be paid many ways. Out of cash flow in addition to the premium or you can use dividends to pay the loans. The right strategy varies based on the maturity and design of the policy.

Sign me up!!! I actually would love to have a consult with a current policy we have...

@LIFE180

Жыл бұрын

Email Chris@LIFE180.com and I would be happy to connect and give you an evaluation.

Great info 👍

@LIFE180

Жыл бұрын

Glad it was helpful!

excellent!

@LIFE180

Жыл бұрын

thanks, Jim!

😁Do the loan interest rates in a whole life policy ever exceed the interest/dividend payments?

@LIFE180

Жыл бұрын

Yes, they can. Depends on the company, policy design and how mature the policy is when taking a loan

This is a quote from Whitecoatinvestor in their post titled "Why is whole life insurance a bad idea most of the time." REGRETTED BY MOST PURCHASERS Rather than hold a whole life policy for their entire life (as it is designed) four out of five surrender it early. In fact, over one third surrender it within five years of purchase. Once people realize and understand what they have bought, they no longer want it and have few options, none good.

@LIFE180

6 ай бұрын

That's interesting. There is a lot to say in response to that. Poor policy design by the agent Lack of understanding by the client Other advisors promoting early surrender Funny part, we have a 99% persistency rate (renewal rate). Literally 1% of people change their mind for some reason. Because the process is focused on education. And the policy is designed to fit their life's goals and needs.

would it be worth it for an 18 year old to get a whole life insurance policy and put maybe 5-10k in it per year and eventually grow enough to take a loan to purchase some real estate and use the cash flow and annual dividends to pay back the loan and eventually repeat the process? or is 5-10k a year too little to even consider real estate.

@LIFE180

Жыл бұрын

That is 100% what I would do.

@throttlefilms

Жыл бұрын

@@LIFE180 im currently 17, turning 18 soon, what is the minimum age to open a whole life insurance account? and is there a certain age i have to be to take out a loan?

@isaiahmartinez8079

3 ай бұрын

​@@throttlefilmsDid you ever get a policy?

😊

@LIFE180

11 ай бұрын

👍🏻

🙏

🔥

@LIFE180

4 ай бұрын

Thx

👍

😎

@LIFE180

Жыл бұрын

😎

👍🏻

🎉

@LIFE180

9 ай бұрын

🙏🏻

🙌

@LIFE180

Жыл бұрын

Thanks!

❤

@LIFE180

3 ай бұрын

thanks!

🤯

@LIFE180

3 ай бұрын

🤯!

💪😎👍

@LIFE180

Жыл бұрын

👊🏻👊🏻

👽👽👽👽

😊

👍

👍🏼

😊

😊

👍

😊

@LIFE180

Жыл бұрын

😉

👍🏻

@LIFE180

Жыл бұрын

thx!