Whole Life vs. Indexed Life Insurance
In this interview with Caleb Guilliams of Better Wealth, I discuss whole term life insurance vs indexed universal life insurance. This is part two of a four part interview that talks about ways that people can better prepare for retirement, and the economic relevance of tax free planning.
In today’s interview, we’ll also discuss whether life insurance can replace your entire portfolio, if the 4% rule is still valid, the dangers of owning an annuity, and my advice for 30 year old investors! Join us to hear how you can plan for a zero tax retirement!
0:00 Intro
0:30 Whole Term vs Indexed Life Insurance
3:58 Buy term and invest the difference?
7:48 The 4% rule
10:50 Rising interest rates and the economy
13:38 Advice to 30 year old investors
16:06 Wrap Up
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Пікірлер: 10
LIRP and IUL are not synonymous right? I mean LIRP stands for Life Insurance Retirement Plan and can be funded by any permanent life insurance...right?
@DavidMcKnight
Жыл бұрын
Yes but not all LIRPs are created equal.
What are the contexts where whole life (participating life insurance, i.e. in Canada, i.e. Canada Life) is a superior product? many videos make comments like this but can you please summarize the contexts where this is a superior product? Thank you.
@davidmcknight8201
Жыл бұрын
If you're using it for the bank on your self concept (infinite banking), it's the only product that really works.
@AZ12345678900000000
Жыл бұрын
@@davidmcknight8201 Thank you for the prompt reply! Do the insurance agents (financial advisers) receive less commission/fees when money is withdrawn like this by the client?
@davidmcknight8201
Жыл бұрын
@@AZ12345678900000000 No. They typically get paid less when the contract is structured properly from the outset.
So... this interview occurred, and the world didn't end? Kirkpatrick is going to be mad.
@DavidMcKnight
Жыл бұрын
This interview took place almost a year ago.
@DavidMcKnight
Жыл бұрын
It occurred before my dust-up with CK.
Excellent practices to utilize and types of growth to consider. Iam always grateful for your insights. 🪄🔥💫💫🔥🪄