Chris Kirkpatrick launched LIFE180 as a solution to a problem. As the director of business development for a Fortune 1000 life insurance / broker dealer, he became disenchanted with the financial industry because of the lack of education provided to clients and how "financial advisors" were really just glorified sales people. His 4 years of selling indexed universal life insurance, only to realize that IUL was a wildly misrepresented product was demoralizing.
So...LIFE180 was created as a way to help people understand money on a deeper level. We believe the financial system is broken and that traditional financial advice is typically not in alignment with you values and beliefs. The content on this channel is designed to get you to think differently about money, and to align your money with your value and beliefs so you can create a path to success - with you at the center of that success.
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You left out the fact that after a certain age you will not be able to obtain term life insurance. You can also cash out an IUL as well as a Whole life policy.
I agree with the previous comment in regards to structure of policy and also in comparison to a 401k which is not guaranteed as with any investment. 401k takes losses all the time but people still invest because the S&P and all the other stock options in America will never not make a positive swing. Also the money your employer put in a 401k gets eaten up in taxes with no death benefit. Miseducation and improper structure is the problem . Also the commission is only a portion of the first year which is pennies in comparison to what the gains are for the consumer or the company..
Wait all of this is supposed to be done in 90 day?
Start early with diversified investments in stocks, bonds, and real estate. Maximize contributions to tax-advantaged accounts like 401(k)s and IRAs. Regularly review and adjust your strategy to ensure security.
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
How do I get the Values and Beliefs Workbook?
VALUES AND BELIEFS GUIDEBOOK: agent.life180.com/values-beliefs-guidebook
Have you analized Experior yet? I am an E.D. with Experior.
I haven't heard of them
Do IULs ever invest in Put options instead of Call options?
No
Do you do even offer Premium Financing for your High Net Worth Clientele? Or in a Kai-Zen situation High Earner Clients? Instead you suggest the client pay the traditional way for an IUL on steroids, instead of using their wealth as leverage and continuing to grow their wealth the way they have been to get to this point in the first place? The amount of money they are paying for the interest rate on the loan to finance the premium is still less then the amount they would pay traditionally. To get the same results. Just FYI depending on the Insurance company providing the IUL, you can lock in the interest rate and avoid paying more then the agreed upon in the event interest rates go up.. The most messed up part about this incredibly negative view on premium financing, is that it is directed towards a crowd that 99% would never even qualify for premium financing. Because the people that would, aren't watching this BS. They are too busy making more money. You're just spreading negative rumors..
If we do premium finance, it is for clients whose net worth is $15 million MINIMUM. And then it is ONLY with whole life. IUL will never be on steroids. I think you should learn more about IUL. I am all about leverage and risk....but you shouldn't be leveraging or taking risk inside a life insurance policy. These Kai Zen policies are already starting to have problems.....I filmed this video a couple years ago....and now people are starting to come to me showing the problems they are having. Premium finance, in general, is in for a tough time in the near term.
Excellent video
It is an MLM; there is nothing wrong with Multi-Level Network Marketing.
I want to see the debate
Me too. I haven't found an IUL agent willing to step up yet
Would you do a review/look into wealth wave?
Better idea! Run the other direction! You don’t need some magic product to retire with some certainty.
Really? So you don't believe in math? Would love to hear specific issues you have with what was said? Rather than some vague statement
This guy 10000% sells WL insurance
Sure....does that make me wrong? If so...explain how
I didn't become financially free until I was 40. As a US citizen, I got a home equity loan, which had a lower interest rate than other loans. By being patient and careful with my money, I reinvested my earnings and avoided making quick decisions. This approach helped me build my wealth, and I was able to buy my 3rd home and a new car. I really hope this motivates someone to know that it doesn't matter if you don't have any of these things yet; no matter your age, you can start today and change your future!.
Love it!
Hey Pago,how exactly did you go about this ?
I’m glad you found my story interesting! I couldn’t have achieved this without the help of Regina Louise Collaro,
an amazing financial advisor. Regina's expertise and guidance were crucial in helping me understand the best strategies for leveraging my home equity and making smart investments.
She not only helped me secure a favorable home equity loan but also provided invaluable advice on where to invest and how to stay disciplined. Her personalized approach and deep knowledge of financial markets made a huge difference in my journey to financial freedom.
10:32 I'm having trouble finding a link to the values and beliefs workbook. Can you kindly provide a link 🙏
I am P&C and Life licensed. Just now taking life seriously, can I book a time to Zoom with you?
Absolutely. Email [email protected]
Awesome stuff.
🙏🏻🙏🏻
Or you could invest in bullshit! Or get it free on KZread!
Hmmmm....such a well thought out comment
I'm soaking all of this in like a sponge! I love this fresh perspective on saving & investing. Taking notes 📔
🏆🏆
Stop pushing whole life. It doesn't work for middle Americans.
It works especially well for middle Americans. Where did you get that opinion?
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.😊
This might help? kzread.info/dash/bejne/ZpecpKiGitSwosY.html
You selling whole life is a rip-off as well You're basically ripping people off yourself just like PHP because when you pay for whole life not only do you pay monthly but you also pay for a savings that you think you're saving when it really goes to your company
What are you talking about? You obviously don't understand the product. What are you, a Dave Ramsey fan? that's my guess...
@@LIFE180 no I've just been ripped off having whole life and also saved multiple families from having that. I looked up Dave Ramsey and he's very correct when it comes to things like you're saying and selling.
@@LIFE180 Why can't you say any more about the product it's a RIP OFF you don't need insurance your whole life. And you're teaching others and tricking them like PHP
Omg, I just onboarded with FFL to sell Annuities, IUL...I need to terminate it asap....
That's what I would do....
do you not think a lock up period with a higher return is actually a good thing? Especially if it is a 25 to 35 year old person?
But the return isn't actually better....that's the thing. Illustrations that show higher returns are a pipe dream. Check out #IULchallenge
I appreciate this combing over the chapters I know one of the strategies is to put this policy on your children that seems to avoid some of the issues you are talking about. What do you think about that as a strategy. Also, I was led to believe that you can pull loans out against your life insurance policy I thought I heard you say (maybe in a different video) you can in a whole life insurance plan but not a UIL? Are you certain about this?
You can borrow against any cash value policy that has a net cash value in it. The problem with IUL is the surrender charges are much higher....
Putting policies on your kids is okay if you already have insurance yourself.... otherwise the insurance company won't let you do it unless you are 100% uninsurable...but you have to go through the process to figure that out.
@@LIFE180 So the surrender charges apply to the loans? I thought that was only if you pulled money out that was not a loan?
@@LIFE180 I thought you could insure anyone you have family relationship with?
I don't know if liberals are the one's to blame for the monetary policy snafus. Seems like the more tax loopholes created the less connected people that benefited from society participated in the national growth. They seem to distance themselves from society creating greater divides. When the corporate tax rate was astronomical the wealthy seemed to prefer spending on advancements in society then to the government creating a more unified country. OF course nothing is completely that simple but another debate for another time I suppose.
Not a lot a people followed to chapter 5
Probably got what they needed the first couple vids
I heard that with life insurance in general and IUL specifically if you are sued it can't be taken and if you divorce as long as it isn't set up to be split up then it can't be forced into a settlement. Is that true?
It is protected against creditors and lawsuits in most states. However, the protection from divorce isn't so clean.
With the current market crash conditions & will be 50-65% for the NASDAQ what would "preserve" wealth the best? 401k? IRA? Banks Savings Acct? Bitcoin? If IUL is a portion of total money what would be a healthy proportion?
I wouldn't have IUL as any portion. If you are looking to diversify, use properly structured whole life as the safe money portion of what I call and "opportunity fund" to prepare and take advantage of opportunities that will be created during the correction.
What about what the gains need to be vs. loss to get back to even? A 50% loss takse a 100% gain to get back to even. Post 2008 crash it took most Americans 5-8yrs to get back to even in a typical 401k plan. A friend lost $750,000 of a $1.5Million NYS Pension and never got it back to even by 2020.
That's all true. What about the fact that a 0% S&P return can lose your IUL over 20% cash value while you are in retirement. Did you know that?
Excellent video! Looking forward to watching the rest
You literally have less than 500 views for every video you upload, and it’s the same 100 people watching 5 times. Point…false equivalent since you’ll Never reach enough people to have an illustration provided to you and you know it, shame.
This is unbelievable wild.... I thought WFG also distribute Whole Life and Term Insurance (diversified platform), I also thought they distribute Investment products ..I didn't know that WFG has an IUL product( I thought they don't own any product) but more like a distribution agency... I thought the alternate promotion guideline meant you don't have to recruit to get to SMD, which would avoid the MLM route... Am I missing something here ?
There is no way you are hitting SMD with no recruiting....and IUL is the foundational product of their entire company ...
I'm gonna do one better and ignore your advice too.
Totally up to you.
@29 minutes in - you're not in business with the insurance company with an IUL. You're a customer - a profit center. The company owners, share holders are in business with the company
Bingo! People need to understand this fact
The way you present it, it's like the life insurance company and the salesman are doing the buyer a favor. Flip it and show us why they and you sell this product. It's not free.
I have done plenty of videos on commissions, product structure, etc... Nothing is free...that is true. Including your investments that you make. Every financial product has a fee associated with it, period. When you stop looking at cost and begin looking at VALUE, it makes sense. I sell it now, but I have been promoting this strategy since before I was licensed to sell it. I am a real estate investor. For entrepreneurs and RE investors, it's a no brainer. But it makes sense for most people...unless you have a ton of debt....if so, clear that up first, but buy term insurance in the mean time.
Do a video on how money is made by the seller of the product. These companies aren't charities and have reasons and motivations to sell life insurance for a reason. So give us the reverse view of why life insurance companies offer this product and why it is so lucrative for them.
This has not been my experience with WFG, her experience may have been team specific. I attended lots of product training sessions with the specific companies so that I could understand the differences between the products so that I could advise my clients properly. My SMD also does a lot of product training with our team. I do focus on my client needs. Lots of her experience in different from mine. I don’t even have my own downline because I am not driven by the recruiting. I actually train many of our new agents.
This seems to be a common example from what I have seen and heard from people..... Even today, 3 people.....
@@LIFE180 Fair enough, I have had a good experience so far, and while I get the whole idea of recruiting to build your team, I haven’t made that the focus. There are lots of people who need financial literacy at a basic level and hundreds who have no kind of insurance or plan . This platform has given me a mechanism to help the people who need it most.
Explore Experior financial USA folks, its really amazing interms of compensation, LEGACY and SHARE programs n the table.
The top comments are roasting this guy lmao gj internet
Top comments, lol. Roast away. I'm done fighting with people who are too simple to really break it down.....
@@LIFE180 If you really believe that you are giving good investment advice we have a difference of opinion. I think you're just trying to sell your insurance product even though there are better investment options. There are safer municipal bonds trading in the high 5% and of course the S&P long term has a way higher rate of return.
What about the loses incurred during the GFC & what it takes to get back to even? A 50% loss takes 100% to get back to even. NO ONE in a retirement acct is Indexed to S&P 500 or Nasdaq only. Most Americans took 5-8 yrs to get back to even after 2008 crash. Even is not a performance number to gain returns. Also now inflation has been 40 yr highs so how does a normal retirement account offset inflation? IT can't unless someone has a managed account that is actively selling & buying instead of static 60/40 portfolio?
What about in an IUL when you are 10 years in retirement and have policy loan obligations because of the "tax free retirement" you used? What happens when the market does 0% but you lose 20% of your cash value???? Please explain that?
Kris, I can’t find that link. Can you send it to me for saving on college?
kzread.info/dash/bejne/ZpecpKiGitSwosY.html
oh is there such thing as no capped IUL?
Yes, but they have other elements that hurt those policies like No Risk Rates, Spread Charges, and much more that drag on those performances.
@@LIFE180 why is it a lot of lawsuits with IUL? is it insurance companies fault or agents?
Brother why are you so negative instead of help other people to lead them in the right direction with insurance? Quit giving quotes when you are not a big company yourself bro
Big company? Who gives a crap about size? It's about doing what is right. I focus plenty on guiding people in the right direction.....you see this video...and you make an assumption....it's literally less that 2% of the content I film.... I see you have some massive confirmation bias though....
Watched the whole video thanks for the info
Rock on. Hope it was helpful. I know this one was a lot to get through
👎👎
🤣🤣 love the people who just thumbs down with no ability to communicate why
Man you super bias
See my other response....
It states that it is non guaranteed cause the charges are based on the death benefit as it increases and decreases
Do you really believe that? You say I am bias in another comment. Yet you are dumb enough to make this comment which is factually untrue. Non guaranteed charges and fees can be changed by the company, regardless of the net amount at risk with the death benefit. Man, I pray you are not out there selling these things to people and ruining their lives with half baked information.