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• 
  @rodneyphillipssr37157 сағат бұрын

  Great Conversation.. THANKS FOR SHARING 🏛

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  @jaysand38021 сағат бұрын

  so using your example just buy real estate...........

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  @jadenvolchoff7105Күн бұрын

  Could you Collateralize with a third party tax free?

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  @IBCGlobalInc15 сағат бұрын

  Unfortunately, no. Lenders typically do not lend on MEC policies. The policyholder is still subject to taxes.

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  @user-cd9ui4qv4qКүн бұрын

  Can you provide example of immediate annuity?

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  @packrcchКүн бұрын

  at what age do these policies no longer make any sense because of life expectancy? 70?..75?..80?

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  @packrcchКүн бұрын

  at what age does one of these policies no longer make sense because the person is probably not going to live that much longer ? 70?..75?…

• 
  @IBCGlobalIncКүн бұрын

  Good question! We've had success with high cash value policies with individuals starting under the age of 80.

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  @Inyourpowero12 күн бұрын

  Dave has no license all show biz

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  @ThisIsCarine2 күн бұрын

  I was wondering if you would be willing to make a video comparing 401K to WL. I max out 401K annually what if I stop for several years and shift all those funds into WL ? Could you do a comparison from growth and tax perspective?

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  @advisorandres2 күн бұрын

  Love this! I share this with my clients. I would only say that the “negative hit of 11%” on the cash is a “downside” but I think it’s important to mention that they are also buying permanent life insurance that in the future could be used for LTC.

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  @livingworkingoutsidebox3 күн бұрын

  I liked how you taked about what the cash value is earning vrs the cost of taking the loans to see if it makes sense. Do you have a video that talks about how the pua fee(s) affects the true rate of earnings on the cash value? I'm stuck on the fact the fee can be 10, 12, 15% of the amounts you are putting into your policy's cash value. Looking just at the short term the added fees seem to eat up any earning potential. If you look long term it might be one recoups the loses. Especially if you're able to stop making premiums. But there is an added rider cost? So after 8, 10, 15, 20, 30 years will the policy owner start earning the guaranteed minimum interest rates? Minus what? Loan fees/ interest?🤔

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  @IBCGlobalInc3 күн бұрын

  Thank you for the comment! Really appreciate it! 🙂. I've included answers to your questions along with some videos that might be helpful. - Do we have videos that explain the PUA fees? *** YES. Below are a few videos that provide details on PUA Fees - kzread.info/dash/bejne/mK2TvM2vY9nKmZs.html - kzread.info/dash/bejne/gWZoo6WlZrvbhNY.html - kzread.info/dash/bejne/dJl7y9WCYpDYe8Y.html - Is there an added rider cost? *** REALLY GOOD QUESTION. NO. THE NUMBERS ON THE ILLUSTRATIONS DISPLAY THE NET FIGURES (ALL RIDER FEES INCLUDED) Below is a video that displays the net returns for a policy - kzread.info/dash/bejne/aZqpm8iTkanZlMY.html Let us know if this helps and if you have any other questions. Feel free to email Steve at [email protected] Thanks again for watching! 🙂

• 
  @livingworkingoutsidebox3 күн бұрын

  @@IBCGlobalInc Thank you. I will be sure to check them out.

• 
  @thedude50404 күн бұрын

  Nah all of this is too complicated. There are easier ways to get wealth. At 32 years old i already feel wealthy enough to not benefit from whole life products.

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  @IBCGlobalInc4 күн бұрын

  Nice work building wealth by age 32! Thanks for watching and for providing feedback 🙏

• 
  @C_Moore5 күн бұрын

  Why the hell would anyone in their right mind want to do this anyway??? Whole Life policies are a scam!!!

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  @IBCGlobalInc5 күн бұрын

  Usually for the tax benefits and Estate planning. We have a few videos on our channel. I've included one below. - kzread.info/dash/bejne/kX-N0NarcrTInbg.html

• 
  @khongcolong6 күн бұрын

  Hi Steve, with the MEC policy, how long must i wait to access the CV without taxes?

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  @IBCGlobalInc2 күн бұрын

  MEC Whole Life Policy. When do I have to pay taxes on the cash value?

• 
  @nede59366 күн бұрын

  will moving money from 401k to a Whole Life Insurance w/ cash value trigger an ordinary income tax?

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  @IBCGlobalInc5 күн бұрын

  Will moving money from a 401k to a life insurance policy trigger income tax for me?

• 
  @DarrinThomasPhD6 күн бұрын

  What about inflation? 40k a year in 2024 is great but maybe not so great 10-15 years from now

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  @IBCGlobalInc6 күн бұрын

  Great comment. The product comes with an inflation protection option that allows the income to increase by 3% annually. We just showed level income in this video for simplicity.

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  @travissangsterllc99876 күн бұрын

  So at any point can I take the cash value out after it’s compounded to $755,000?

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  @IBCGlobalInc6 күн бұрын

  Good question. You can access the cash value anytime. Before or after it has compounded to $755,000

• 
  @robmills47477 күн бұрын

  Easy to understand. No sketchy sales gimmicks. Very educational. Thank you.

• 
  @IBCGlobalInc6 күн бұрын

  Thank you! 🙂🙏

• 
  @RockAngelloves8 күн бұрын

  Enjoying this video. Scott is the best agent. Always easy to talk to. Super knowledgeable. IBC global is amazing.

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  @IBCGlobalInc6 күн бұрын

  Thank you! 🙂🙏

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  @beekaye14969 күн бұрын

  Great video, Show up front interest in the first 7-10 years of the mortgage. Most people don’t see that. I have been teaching my daughter this since I started her IBC Insurance. Also I think that you mentioned that the max you can save in the policy but didn’t show it. You showed the money you wanted to use in the illustration. Most of the data should be explain how much you can put into your policy each year and stay under the MEC for 7 years. Everything else was on point.

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  @khaitran37099 күн бұрын

  I never know that you can borrow from you life insurance, I do have a $400k term life insurance through my work..how can I borrow from that.. please help me!

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  @beekaye14969 күн бұрын

  Hello, No way you can borrow anything from a term policy, Only Whole life through a Mutual Insurance company

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  @thedude50404 күн бұрын

  Slow down. You don't need to borrow money. If you have to borrow then you can't afford it.

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  @Eddemnity2 күн бұрын

  I don’t think you can borrow from term. You can only borrow from Whole Life with a cash value. You can also sell your life insurance policy. It’s called a viatical settlement. @ EdDemnity

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  @LF22001110 күн бұрын

  Interesting video, thank you. If the cost to borrow is high (let's call it 4.31% like in your example), isn't it the case that: (1) it does not matter as long as the use of the loan gets a higher return than 4.31%; (2) the underlying dividend rate of the policy rate does not matter. In other words, this is my understanding: The "negative spread" objection applies only when the cost-to-borrow exceeds the ROI of the investment of those borrowed funds. am I missing something?

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  @IAmMzJess11 күн бұрын

  Thanks again for the demonstration Steve!

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  @ptc361911 күн бұрын

  Around the 12:30 mark you said “as long as the money is paid back before year 20” am I missing something? I’ve never heard of that before. My understanding is any loan could be outstanding as long as it doesn’t exceed cash surrender value and even then- no time limit

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  @IAmMzJess11 күн бұрын

  True. Steve was showing an example of compounding growth. If you replenish the funds used for a loan by a certain time period, it will look as if you never touched the funds for a loan in the first place.

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  @BamBam8181811 күн бұрын

  Can you re-run the numbers using an average 3% annual increase? SS goes up annually with CPI

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  @efrainrosario589412 күн бұрын

  This is definitely a better way to set a new policy. Lower the base and deposit investment proceeds to meet or exceed the PUA. Great video, Steve, you spoil us!

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  @IBCGlobalInc12 күн бұрын

  1,000% Agree! Thank you!

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  @josephrogelio-vb1fz13 күн бұрын

  Thanks for the information

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  @josephrogelio-vb1fz13 күн бұрын

  Thanks for the information

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  @IBCGlobalInc13 күн бұрын

  Thanks for watching! 😊

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  @dr_doritotf230516 күн бұрын

  Completely valid imo. Some boundaries just aren’t for breaking for some people.

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  @outdoorable17 күн бұрын

  How can I work directly with you?

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  @IBCGlobalInc16 күн бұрын

  Email us at [email protected]. Steve will usually include another agent, but he can be involved.

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  @BUY_YOUTUB_VIEWS_3917 күн бұрын

  The information here is presented so well - kudos! 🏆📚

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  @edwinhargrave67917 күн бұрын

  Got your point but every one has there own specific reason how to invest and insure😊.

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  @IBCGlobalInc17 күн бұрын

  Thank you Edwin! We fully agree 🙂

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  @Midnightryder48617 күн бұрын

  This is NONSENSE The rich don’t have life insurance ! They’re self insured you SCAM ARTIST!

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  @ebonyeverything275117 күн бұрын

  As a person building wealth and who builds it as an insurance agent, it can factually tell u that all smart wealthy people have TONS of insurance and the best insurance at that. U seem very angry and ignorant. U likely don't have access to any wealthy people, just based on your outlook, but if u do go ask them what they have insurance on. They're going to list everything including their life as well as things u wouldn't have ever thought of.

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  @ebonyeverything275117 күн бұрын

  To "self insurance" is one of the most idiotic concepts we've discussed hun. That means if you cause 1 car accident, you're paying for EVERYTHING out of pocket including all repairs, totalled cars, injuries and death! That would/ could bankruptcy even a wealthy person. No logical person would do that. If u died today how much money do u have for your family to bury you and cover your final expenses?? How much money do u have set aside for every person who depends on your income?? U have no idea how life insurance works dear. Go educate yourself.

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  @IBCGlobalInc2 күн бұрын

  Below is a webinar that discusses people we worth with that have a net worth between $30 Milllion and $100 Million. We go over their policies and discuss how they use them - kzread.info/dash/bejne/lo6bs5KNdtiZcdY.html

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  @ThisIsCarine18 күн бұрын

  Can you borrow against annuity similar to WL ? How is Annuity different from WL ?

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  @kenwheeler132718 күн бұрын

  I know your numbers were randomly chosen, but 2% x 250,000 = 5000 so wouldn't her cash value be $250k? PS my wife recently got her first IBC policy from Guardian, via Global IBC. Looking forward to putting it to good use!

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  @IBCGlobalInc17 күн бұрын

  Thank you for the comment! Yes, her cash value is more than $250,000. Thank you so much for working with us! Looking forward to working with you over the years! :)

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  @thegreek08819 күн бұрын

  When I hear people saying they do not like annuities, not for me, never trust em etc...... I say cool, so you're not taking any pensions or social security....

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  @yosjairamatos-ip3xt20 күн бұрын

  Can you designate a beneficiary for each of those Annuities?

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  @IBCGlobalInc20 күн бұрын

  Great question. Yes, a beneficiary can be designated to each of those Anuities.

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  @user-rd2em4zw1s22 күн бұрын

  Stay away from insurance products ,your making these idiots rich!

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  @abark22 күн бұрын

  What happens after the 10th year in the first example?

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  @warrenbarnes965322 күн бұрын

  You can roll it over into another annuity, or take the money and pay tax on the gain.

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  @richp506424 күн бұрын

  The longer you wait to take income for an income annuity the more guaranteed income you can make? Is that generally the rule of thumb

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  @IBCGlobalInc23 күн бұрын

  Correct! 👍 this is usually the case 🙂

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  @ALEXI77824 күн бұрын

  Great explanation, I have learned so much from your whole life videos, cannot wait for your Annuity ones. Is the income annuity a product by itself or does it have the lifetime income benefit rider attached to it? If so, what does that rider work/do. I have also heard that at one point, if you pass away you cannot leave whatever is left to your beneficiaries, is that for all annuities? Thx

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  @khongcolong24 күн бұрын

  I can't thank you enough Steve for your presentation!

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  @IBCGlobalInc22 күн бұрын

  Thank you! :)

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  @gabereds986924 күн бұрын

  Lol so if hell breaks loose this investor gets nothing back if he surrenders the contract in those first years?

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  @IBCGlobalInc24 күн бұрын

  No. He would receive the Cash Surrender Value. The 16:10 mark provides these figures. Thanks again!

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  @whatwouldgdonowgvkpierce687926 күн бұрын

  Hi Steve can I Plz Talk directly to you thx.

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  @IBCGlobalInc25 күн бұрын

  Thank you for the comment. Sure. You can email us at [email protected]. You may be connected with another agent initially, but Steve can join the call.

• 
  @williamjohnson587727 күн бұрын

  I need for you to talk to my wife. I have infinite banking whole life policy fully funded with 5th anniversary in September. I have a large policy loan, but have paid interest yearly. I own rental properties and the sale of 2 of my 7 properties would be enough for me to pay off policy loan. My wife wants to keep properties so kids will inherit. I cannot convince her that would be better to sell properties and pass on whole life policy rather than house which would be a huge tax burden for them. She won’t budge. You articulate the whole life policy benefits well. How do I get you to talk to my wife?

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  @enigmatriple792229 күн бұрын

  Did not understood much, but you definitely know how to use the electronic white board and have very nice hand writing.

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  @IBCGlobalInc27 күн бұрын

  Thank you! The handwriting took years of practice 🙂

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  @robmills4747Ай бұрын

  Appreciate the honesty, most Insurance agents focus on high base premium under the guise of your best interests.. however it's approximately 50% commission on the base premium the first two years. This was eye opening for me and I had to push my agent to let me have the lowest possible base premium and highest cash dump room. Appreciate you are not greasy. Long term you will retain your clients by doing the right thing.

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  @whatwouldgdonowgvkpierce6879Ай бұрын

  Is there any way I can talk directly to you Mr Steve?

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  @ThisIsCarineАй бұрын

  What is this board that you use ? It makes it so pleasant to follow! Better than any slide slow. Also, excellent diction !

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  @IBCGlobalInc27 күн бұрын

  Thank you! 🙂 It is a VIBE whiteboard.