It's not difficult, but you have to learn and handle. Another thing is that if you can't manage your home, maybe you shouldn't invest on your own. If so, you should hire a CFP to help you diversify your assets to include ETFs/index funds/mutual funds and stocks of companies with consistent cash flows, rather than betting on penny stocks.

@@carolynrose1816 A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.

@@user-3456rtu Over the following 3 months, I want to increase my reserve from $280,000 to at least $550,000. I would be grateful for any advice you can give on how to accurately predict the market and how to diversify and balance my portfolio in order to accomplish my goal.

@@c.t.u.o Sure. NICOLE DESIREE SIMON, a well-known person in her field, is my advisor. I got to know her through my wife. It's my wife that has her number, but you could further investigate her credentials and contact her yourself.

@@user-3456rtu Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

They can’t xD

They probably can but if you have less money to invest it will just take longer for you to have cash valu in your policy

They can't and the wealthy only benefit if they've exhausted other more suitable tax shelters

He did, a 100k policy your paying into it 10k per year, that's a little over $800

You can't. It's not a good tool for the middle class. You're better off just investing the premium money in a Roth IRA.

Wow! Thank you for the kind words Regina! Much appreciated! 😊

Hi Bryan! Thank you for the comment! 1st. Sorry for the trouble we caused with your client! Definiltey not intentional. 2nd. Thank you for the kind words! Much appreciated! :) 3rd. You may be aware of this already. We offer a training business for licensed life insurance agents. The training is virtual and I, Steve, will host Mastermind calls every Wednesday. - www.ilstrainingacademy.com/

@@IBCGlobalInc you caused NO problems at all. You’ve created a solution to my career. I’m truly grateful she got the better agent :) my clients best interest is always what I want, whether I profit it off it or not.

​@@IBCGlobalInc 😅

Whole life is a waste of money. For the cost of a 250k whole policy you can get a Million dollar term and with balance use it for long term investments that pay higher returns than whole life. Every financial expert I've ever consulted with has made those recommendations.

Thank you! :)

Great comment! Thanks for sharing!

Yep. And average people do not have 100,000 they'd can afford to plunk down and not touch for twenty years. Meanwhile there are other ways to make money and you don't have to be nearly dead before you reap any benefit. Most wealthy people make money no matter what they do anyway. That's how our economy works

@@superodalisque Below are videos of smaller policies, including a case study of an actual policy. - kzfaq.info/get/bejne/r5ibmZtpxrfZYX0.html - kzfaq.info/get/bejne/mMWlY5OZm5qmomw.html

Shame on you!

So he put in 80k to get 200k when he died? Put that in an index fund and it would be 320k after 20 years. And he could use it before he died lol

Thanks for the comment. Below are a few videos you might find resourceful. In our opinion, a "good" whole life policy will have minimum premiums and a high PUA rider payment. - kzfaq.info/get/bejne/hb2gpqh0s8nWmn0.html - kzfaq.info/get/bejne/r5ibmZtpxrfZYX0.html - kzfaq.info/get/bejne/pNyfapZ7s5qZonk.html

You must be very young. When my term expired, my term life premium went from $450 a year to $13,500 a year.

RUN!

Same here

I found this same policy too, it's called a ROTH

@@paulsoun8849ROTH cash out is still limited and at times is taxed as income, and if you borrow against it, you have to pay it back. When you borrow against your cash fund on your insurance policy, you don't have to pay it back. It's just deducted from your death payout. It's not tax deductible at any point in anyway once it matures for 7 years and it cannot be garnished if sued or otherwise. It definitely has its place.

Investments and life insurance do not belong together! Get term and invest elsewhere!!!!

Thanks for the comment! We've included a few videos on the drawbacks & loans (what happens if they are not repaid). - kzfaq.info/get/bejne/mrGGerx0uNzanZ8.html - kzfaq.info/get/bejne/aZOpq6x4tLyrooU.html - kzfaq.info/get/bejne/ndlllcyVtNbJno0.html - kzfaq.info/get/bejne/rMyVls59x62dfp8.html

Thank you!

Thanks Dominic! Good question. The product can make sense for anyone as long as it is set up properly. However, we recommend that an individual has an emergency fund (money in the bank) built up before starting a policy. I've included a video below that may be helpful. - kzfaq.info/get/bejne/n6icZrVlyszWqHk.html

Thanks for the commment. Below is a video that demonstrates using a policy with a small amount of money. - kzfaq.info/get/bejne/r5ibmZtpxrfZYX0.html

Thanks Dylan!

Thanks for the comment and good question! The buy term & invest the difference strategy works well for a lot of people. We don't try to convince people why one strategy is "better" than the other as we've found both to work well. In a case like this, I would highlight the pros/cons of a whole life policy & buying term & investing the difference, then allow the customer to select the option they feel is best for them.

@@IBCGlobalInc thank you sir.

Thanks for the comment. Most people we work with will have money diversified in other assets. Our company specializes in whole life policies set up for maximum cash value. I've included a few videos that may be helpful. - kzfaq.info/get/bejne/rMyVls59x62dfp8.html - kzfaq.info/get/bejne/hb2gpqh0s8nWmn0.html - kzfaq.info/get/bejne/Z9efl8p1tqebgZs.html

Thanks for the comment! I've included some videos that may be resourceful based on your comment. - kzfaq.info/get/bejne/ndlllcyVtNbJno0.html - kzfaq.info/get/bejne/rMyVls59x62dfp8.html

Thank you! 🙏

Thank you for the comment, and sorry to hear that you've lost money with a policy. Below are two videos that might be helpful. - kzfaq.info/get/bejne/hb2gpqh0s8nWmn0.html - Design a policy for maximum cash value. - kzfaq.info/get/bejne/oM2CeKWcs9esmnU.html - What to do if stuck with an inefficient policy?

Good question! Not everyone is in that situation. Below is a video that demonstrates using a policy with a small amount of money. - kzfaq.info/get/bejne/r5ibmZtpxrfZYX0.html

Thanks for the comment below. Below is a link to a podcast with Elizabeth. kzfaq.info/get/bejne/g9-kZKx4usWyfnk.html

Thanks for the comment. Sounds like you've only been presented basic whole life policies with 100% premium. We've included videos that address your points. 1. The Cash Value includes your payments, plus the Guaranteed rate & dividends - kzfaq.info/get/bejne/kMx_dpaYzJuagqc.html 2. What happens when to your cash value when you die - kzfaq.info/get/bejne/hMeFiblmzJ_Rnas.html 3. Loans are tax-free. Correct, as long as the policy is not a MEC or does not lapse. Payments are in the policyholder's control and are optional to repay, unlike a loan from a bank - kzfaq.info/get/bejne/mrGGerx0uNzanZ8.html 4. Loan interest is 5-8% on older products. Loan rates on more recent policies will range between 3-6%. Loan interest is paid to the insurance company, as you state. The guaranteed rate & dividends are credited to any money you have in cash value, and outstanding in policy loans. 5. We have videos that demonstrate what you state and provide transparency on the pros/cons - kzfaq.info/get/bejne/q7SYg9Cipsuwn2w.html 6. Correct. Most we work with don't care about the death benefit. 7. It is super expensive if set up as a basic whole life policy. If designed with a minimum premium, minimum expenses/commission, it mimics policies that are owned by corporations - kzfaq.info/get/bejne/l9V3jc6JtNfNaaM.html Hope this helps!

All whole life works the same.

@@Sideler74 Thanks for the reply. Whole life works much differently depending on the company selected and how the policy is set up. Videos below. - kzfaq.info/get/bejne/kNyWYNyEs53Igo0.html - kzfaq.info/get/bejne/l9V3jc6JtNfNaaM.html

Which type of life insurance would you recommend for a young couple (early 40s) with 4 kids?

@@nanao8536 Do you already have life insurance?

Thanks for the comment! Yes, we are licensed in Georgia

Thank you!

Thanks for the comment! :)

Yes. We already have actually. Her podcast should be released within the next 1-2 weeks.

Using 401k to buy insurance might be the worst choice you can ever make. Using the tax refund by putting money in 401k is another story.

Thanks for the comment. We have videos that provide information on your points. See below. - kzfaq.info/get/bejne/rMyVls59x62dfp8.html - kzfaq.info/get/bejne/hb2gpqh0s8nWmn0.html - kzfaq.info/get/bejne/jZloiaR8nbGlooE.html

That is not in our area of expertise, but we can certainly reserach it! Thanks for the comment and question! :)

Thank you! The focus of our channel is whole life insurance policies designed for maximum cash value.

Thanks for the comment! I had to resist the urge to go into all the details in this video. Below are two videos that provide information on the tax benefits of whole life insurance products. - kzfaq.info/get/bejne/Z9efl8p1tqebgZs.html - kzfaq.info/get/bejne/pLFnhKSKlcjaeX0.html

@@IBCGlobalInc thanks. I am doing all of this. I have been funding a policy for the past 20 years. Once I understood the living benefits of life insurance it became clear to me that this was a viable strategy for part of my overall financial situation. I do think the insurance industry has somewhat of a problem and that is the agents focus more on sales than on service of the client once everything is fully funded and the client is still alive:) anyway these are really nice videos. It is taking me time to understand it over the years but I have a pretty good handle on it and it does work. I have really nice death benefit any ton of cash value. Hoping to begin to use it. Thanks for your efforts.

Thanks for the comment. When people reach that level (multi-millionaire/billionaire) we've seen them use cash value life insurance for the following: - Safe are to position money (Some have expressed that it is similar to a bond alternative). - Tax benefits (Cash Value grows tax-deferred and can be accessed tax-free) - Estate planning - Corporations (Executive Benefit planning. Videos below) kzfaq.info/get/bejne/qpejo9uFtZvch30.html kzfaq.info/get/bejne/qb6ldrqS1NTZpGg.html

Thanks for the comment! We've included two videos that provide information on the product and commissions. - kzfaq.info/get/bejne/gJ19lLVor93Qm5c.html - kzfaq.info/get/bejne/pNyfapZ7s5qZonk.html

Thanks for the comment. We look at the guaranteed values and track actual performance as opposed to just illustrations. Videos below that may be helpful. - kzfaq.info/get/bejne/kMx_dpaYzJuagqc.html - kzfaq.info/get/bejne/hZOPpsh6yJesg2Q.html - kzfaq.info/get/bejne/ba-lZtmbu8Cbhqc.html

Great strategy for a lot of people!

Thank you Edwin! We fully agree 🙂

Thank you! I've included a link to her firm's website below. - www.emalegal.com/

Thanks for the comment. On the right track. I've included two videos that provide details on MEC policies. - kzfaq.info/get/bejne/aqyVqbGhttKvl2Q.html - kzfaq.info/get/bejne/rch6lcl_usvdpGQ.html

@@IBCGlobalInc thanks those are excellent videos!

Good question! In my opinion, if someone can fund a policy with 5-10k/yr, the strategy can benefit them. It is possible to start lower than 5k and increase payments as time passes. Below is a video that provides information on smaller policies. - kzfaq.info/get/bejne/r5ibmZtpxrfZYX0.html

Thank you!

Thanks for the comment Steve. Health can have an impact on the performance of a policy, but is often minimal if the policy is designed for maximum cash value (not a high death benefit). Lyme disease does not always have a major impact on health ratings. We have a number of individuals that received standard non-smoker ratings and even preferred ratings with Lyme disease. It mainly depends on the severity of the Lyme disease and treatments you are taking. I've included a video on health ratings below that may be helpful. - kzfaq.info/get/bejne/eZyEqseiucy1koU.html Feel free to email me at info@ibcglobalinc.com. Would be happy to provide more information and answer any questions. All the best, Steve

Thank you! :)

Hi Eddie! Thanks for the comment! A policy can be capitalized with 10 million. In this case, we usually see a desire to fund the policy in 4-5 years. --2M for 5 years (total of 10M) --2.5M for 4 years (total of 10M) This will maximize the cash value quickly and allow the policyholder to access the money as needed for Real Estate investments. I've included three videos that display policies used for high-net-worth individuals, real estate investing, and small businesses. - kzfaq.info/get/bejne/icCmpMdpycCXZqc.html - kzfaq.info/get/bejne/eNyaotl6p9_LZ5s.html - kzfaq.info/get/bejne/qpejo9uFtZvch30.html Let me know if this helps and any other questions! Thanks again!

Thanks Daniel! We have a video on one of Dave's videos below. - kzfaq.info/get/bejne/p7CJl61h3tjGh5c.html

Thanks for sharing this. This is definiltey an issue in the industry. People are often interested in whole life insurance for the cash value, but they are sold policies that maximize upfront death benefit and are expensive as a result. I've included a video below describing how someone avoided this situation - kzfaq.info/get/bejne/nrqCqbCmr8WdZaM.html

Thank you for the comment! We'd be happy to help :). The best place to start is our website: ibcglobalinc.com/ If you decide to submit your contact information, our team will reach out to you and provide mroe information on Whole Life Insurance.

I am new to this and want to get started. May I ask which company you used? Do we need a lawyer to set up? Thanks for your help.

Thank you!

Thanks for the comment, and for subscribing! :) Yeah, Elizabeth is the best!

We'd recommend any of the 4 Major Mutuals to start. - MassMutual - Guardian - New York Life - Northwestern Mutual - kzfaq.info/get/bejne/Y9yqo6aVu6rWiGg.html

@Insurance Business Concepts (IBC) Global thank you. I'll check each one out.

Thanks for the comment! We've included a few videos that provide answers/information to some of your points. - kzfaq.info/get/bejne/ps1lZ7ijss-UZI0.html - How we build a policy for income. - kzfaq.info/get/bejne/Z9efl8p1tqebgZs.html - Whole Life & Taxes - Part 1 - kzfaq.info/get/bejne/pLFnhKSKlcjaeX0.html - Whole Life & Taxes - Part 2 - kzfaq.info/get/bejne/es6XopRi2tvSkaM.html - Withdrawing & Loaning Cash Value - Taxes. - kzfaq.info/get/bejne/hMeFiblmzJ_Rnas.html - What happens to my cash value when I die. * Additional note. Surrender fees typically exist with Universal Life Insurance products. Typically, you will not see them with Whole Life. We hope the above videos are helpful! Thanks again for watching and commenting :)

@IBCGlobalInc I understand that many people want a cash value and that for many a large cash value is the holy grail of finance. But why? How would the same (or likely more) funds in a savings account or index fund not be better than a cash value.

Term doesn't pay out.. it's money down the toilet..

@@Rshen11 Do you have home insurance? If so, do you hope that a tree crashes through your house so that you can get your money's worth out of your premiums? It is a win to let that money "go down the toilet." Further, with that win, you can take the cash you would've been paying your insurance agent and make 8% a year.

@newsjohnson home insurance is just in case something happens.. like a tree or fire... With life .. You will die.. Term is a risk management tool for them.. they know they aren't paying out.. no risk for them..

@newsjohnson if you're getting 8 percent a year compouned.. but your buying term at the same time it's not a 8% return.. and taxed. Life will get 3-4%. Tax free plus death benefit.. take out a loan at 5.. arbitrages at the same 8 as your example.

@@Rshen11 3-4% a year compounded doesn’t touch 8% annualized past 10 years let alone 20 years which is the same amount of time they both will have tax free DB.

Thanks for the feedback! Much appreciated. Our channel has case studies on individuals of different ages and amounts. I've included two videos that demonstrate smaller amounts. - kzfaq.info/get/bejne/r5ibmZtpxrfZYX0.html - kzfaq.info/get/bejne/ZseSqLporuDeaGg.html

Thanks for the comment, and sorry for the late reply on my end. To answer your question, we exercised a Reduced Paid-Up option to eliminate the premium, and reduce the death benefit. This will result in greater cash value long-term, especially when examining the Guaranteed Values.

Thanks for the feedback! I'll work on that.

Good question. That one I wouldn't have an answer to. We can check though!

Thanks for the feedback! Here is a shorter video that you may enjoy more. - kzfaq.info/get/bejne/fL96aadkr8DcZHk.html

@@cybercab Oh man... We'll try to improve. Here is a shorter video that provide more details. - kzfaq.info/get/bejne/fL96aadkr8DcZHk.html

Thanks for th ecoment. The corporations we've seen implement plans typically utilize the 4 Major Mutual carriers (Mass, Guardian, NYL, & NWM) , although other carriers are used in some cases. The attorney I use does not have a KZfaq channel but we did have a podcast with her recently. I've included below. - kzfaq.info/get/bejne/g9-kZKx4usWyfnk.html

PennMutual has been used as well, but even for most cases with Premium Financing they like NYL, MassMutual and Guardian. NWM at times.

Good question. We are not familiar with the tax laws outside of the U.S. It is possible for international citizens to obtain U.S. policies. I've included a video that may be helpful below. - kzfaq.info/get/bejne/qquRgcyXy7C5img.html

Thanks Felix!

Good question. We are unfamiliar with companies & tax laws in Canada. Below is a video that provides information on what is needed for non-U.S. citizens to obtain a policy with a U.S. company. - kzfaq.info/get/bejne/qquRgcyXy7C5img.html

Thank you! :) We have two podcasts. - A Conversation With: feeds.transistor.fm/a-conversation-with - Financial Fridays: feeds.transistor.fm/financial-fridays-with-mike-courtney-steve-parisi I've also included a Video link to the podcast with the attorney mentioned in this video: - kzfaq.info/get/bejne/g9-kZKx4usWyfnk.html

Thanks for the comment Ivy! Term riders are necessary in order to prevent a MEC. Below are videos that provide details on policy design and term riders. - kzfaq.info/get/bejne/qLCifK-fnsjeqI0.html - kzfaq.info/get/bejne/rMyVls59x62dfp8.html&ab_channel=InsuranceBusinessConcepts%28IBC%29Global - kzfaq.info/get/bejne/h89lnLN62Mm3eps.html

Great question. It is possible to transfer an existing policy to a younger person if the policy has a transfer of insured rider (video below). The transfer of insured rider is great for corporations but does not always make sense for individuals. For example, it is common to see families take out life insurance policies and have the death benefits paid to a Trust. The Trust then specifies how much of the proceeds should be used to fund new or existing policies. - kzfaq.info/get/bejne/aJ6qa5dpzsDOioE.html

Thanks for the comment. We've included a video that provides examples of smaller policies. - kzfaq.info/get/bejne/r5ibmZtpxrfZYX0.html

If you're young...I would recommend that you DO buy a whole life policy. Buying one when you're young...means the payments are manageable...The older you get...the more expensive they'll become

Thank you! The example in this video was an old L95 policy with Guardian. I've included two videos below that provides more information on this. - kzfaq.info/get/bejne/mt2ehKqjl6_FfKc.html (Old product used in the video) - kzfaq.info/get/bejne/n62aqqSoyN2baWw.html (Updated product)

- kzfaq.info/get/bejne/bKxplZlk2NumZ58.html. Don't get taken advantage of with whole life insurance.

Good question. I've included a video below entitled "This is Why People Want Whole Life Insurance" - kzfaq.info/get/bejne/oJp3ppRep7DIpYE.html

Youe cash does go away When its taxed

Thanks for the comment! We do not use Lafayette. We have considered them several times but we have not seen proof of performance from them. I've included a video that provides more information on the companies we are comfortable with - kzfaq.info/get/bejne/Z9xio7mCnJm9lGg.html

@@IBCGlobalInc You have been licensed with Lafayette2015 almost as long as Mass2013. Lafayette now has better pricing IF you are trying to do infinite banking.

@@kristofferphibbs9958 Thank you! Have you seen any proof of performance with Lafayette? We do not use them as we have not received proof of performance from them. I've included a video on historical performance below. - kzfaq.info/get/bejne/Z9xio7mCnJm9lGg.html

Thanks for the comment! We've two videos below on company selection and how to avoid being taken advantage of when starting a policy. - kzfaq.info/get/bejne/Y9yqo6aVu6rWiGg.html - kzfaq.info/get/bejne/bKxplZlk2NumZ58.html

Sure. We've included Podcasts with her below. - kzfaq.info/get/bejne/g9-kZKx4usWyfnk.html - kzfaq.info/get/bejne/athyocV62cmvc3k.html - kzfaq.info/get/bejne/jpuXh7OAzZrHp5s.html

Yes, Below is a link that will direct you to a group in Canada we've seen design policies for maximum cash value. - ibcglobalinc.com/canada/

Thanks for the comment! It can work for the working middle class. I've included a few videos below that demonstrate smaller policies. - kzfaq.info/get/bejne/r5ibmZtpxrfZYX0.html - kzfaq.info/get/bejne/n6icZrVlyszWqHk.html - kzfaq.info/get/bejne/iKhpotODmcDch4U.html

Good question. Do you mean the people I referred to in the video? No, they do not sell whole life insurance. Regarding commissions, I've included a few videos below that provide more information on how they work. If a policy is designed for maximum cash value, the commission will be minimized. - kzfaq.info/get/bejne/nMuheK2drb_bfKs.html - kzfaq.info/get/bejne/gJ19lLVor93Qm5c.html - kzfaq.info/get/bejne/b5uWmbp3t9-4o5s.html - kzfaq.info/get/bejne/r5Z7nsmAv56VZXk.html

Thanks for the comment. 1,000% agree with that statement.

High income wealthy people don’t buy insurance because they’re self insured. Good grief. Is this this hard?

@@hadtocheathimtobeathim6549 Thanks for the comment! From experience, wealthy individuals are taking out policies for the cash value and tax advantages.

Hello Tariq, we have a group of agents we work with in Canada that focus on maximizing the cash value like we do. You can get more information about them here: ibcglobalinc.com/canada/

Yes! We've included two links below. You'll find more on our channel. - kzfaq.info/get/bejne/g9-kZKx4usWyfnk.html - kzfaq.info/get/bejne/athyocV62cmvc3k.html

👍

Most welcome!