Like Warren Buffet said, dividends are only good if the business you’re investing into can’t make good use of that capital. So if you’re trying to invest into businesses with actual growth, looking at dividends is a waste of time. Why are you investing into a company if they’re returning capital to you because they think you can make better use if it than they can. It’s not much different from bond investing. The way I see it if you have a $1 million at some point, that’d be enough to create a portfolio that would pay you between 50k-70k in dividend income...
@carolynrose1816 Жыл бұрын
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.
@user-3456rtu Жыл бұрын
@@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.
@c.t.u.o Жыл бұрын
@@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.
@user-3456rtu Жыл бұрын
@@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.
@c.t.u.o Жыл бұрын
@@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.
@jeannaisadesir27772 жыл бұрын
Can you please make a video on how low to middle class Americans can take advantage of whole life insurance to become wealthy?
@coltenpfeffer47302 жыл бұрын
They can’t xD
@christaylor25282 жыл бұрын
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
@primelife332 жыл бұрын
They can't and the wealthy only benefit if they've exhausted other more suitable tax shelters
@darrellmuhammad-el18442 жыл бұрын
He did, a 100k policy your paying into it 10k per year, that's a little over $800
@dp21202 жыл бұрын
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.
@mrsreginasales2 жыл бұрын
Not my style of content so I’m glad I took a chance to listen. Having zero to little knowledge or even a basic understanding of what was discussed here it all made absolute sense to me. The host was amazing. Real and knowledgeable. Practiced in his craft. I’m glad I landed here, wealth is being taught here and that’s what up. #goodfind
@IBCGlobalInc2 жыл бұрын
Wow! Thank you for the kind words Regina! Much appreciated! 😊
@Bryan-om3wq2 жыл бұрын
Steve, youve been an inspiration ever since you crapped on my plan to a mutual prospect, rather then getting mad, I asked the client to get your name so I could look you up, and let me tell you .... that no sale on an IUL i had completely changed my life. I have been watching you ever since. You do such an AMAZING job teaching. Since then ive got COUNTLESS hours researching cash value life insurance, both whole life and index universal life, so FROM THE BOTTOM OF MY HEART!! thanks for taking my prospect, she DEFINITELY ended up with the better agent at the time! Thanks for all you do bud!
@IBCGlobalInc2 жыл бұрын
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/
@Bryan-om3wq2 жыл бұрын
@@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.
@tammybowling5184 Жыл бұрын
@@IBCGlobalInc 😅
@edwinhargrave679 Жыл бұрын
A bank account means Nothing compared to to whole life cash value,so this is great Investment information.
@DMDvideo10Ай бұрын
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.
@floridacocoabrown643 Жыл бұрын
This was really good, clearly explained and great examples given! Love the concept of a team of advisors.
@IBCGlobalInc Жыл бұрын
Thank you! :)
@sabriath2 жыл бұрын
Many years ago when I was dealing with life insurance policies, I remember a guy once asked a whole bunch of questions about whole life and the terms of the cash values and how the policy works in and out....and then he left. He came back a week later and opened up a 200k whole life insurance policy and stuffed $82,690 into the cash value....or something to that effect and that was it. The guy never had to make a payment ever again because the interest gained on the cash value slowed down the draw to pay the premium enough that when he would reach maturity at 100, he'd get $200,000 regardless (or earlier if he died). So yes, the "rich" do have far more opportunities to ensure their family wealth....easy to make money when you have money.
@IBCGlobalInc2 жыл бұрын
Great comment! Thanks for sharing!
@superodalisque2 жыл бұрын
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
@IBCGlobalInc2 жыл бұрын
@@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
@cybercab Жыл бұрын
Shame on you!
@Fatfired29 Жыл бұрын
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
@Anthony-zw1qb8 ай бұрын
Buy term and create your own savings portfolio. A “good” whole life policy will have premiums through the roof . There is no easy way around the fact that you will pay around $10,00 a year to an insurance company
@IBCGlobalInc8 ай бұрын
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
@jcrockett8702 ай бұрын
You must be very young. When my term expired, my term life premium went from $450 a year to $13,500 a year.
@felisak6053 Жыл бұрын
I obtained this product as well, after so many hours of research this product really makes sense to have. This really helped you be exempted in tax bracket.
@juliekeeney15382 жыл бұрын
I have recently been offered a similar type policy, it’s an indexed universal policy, but I’m not rich by any means, but it’s tax advantaged. And it grows with compound interest which is not available anywhere else that I know of. And I can use it too. Sounds good to me. Downside is I’m no longer young. If I had found this in my 30s, that would have been better
@cybercab2 жыл бұрын
RUN!
@navajorezathlete1202 Жыл бұрын
Same here
@paulsoun8849 Жыл бұрын
I found this same policy too, it's called a ROTH
@LynxStarAuto Жыл бұрын
@@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.
@olegprozapas8318 Жыл бұрын
Investments and life insurance do not belong together! Get term and invest elsewhere!!!!
@marquepoolejewer9427 Жыл бұрын
I only have a small policy to start with. But thank you so much for explaining all of this - I'm sure I'll be using this from now on.
@pleroma5924Ай бұрын
Great presentation yes when the time is right I want to do what the rockafellers did with trust/whole life combo👍🏽
@imanshahid1956 Жыл бұрын
You never mentioned how it can take 3-5 years to earn one penny in the CV part, and your saying you don't have to pay the loan you take out if you don't want to was not correct. There is a consequence if you don't. Nothing is for free. Also if I have to do additional things to combat the disadvantages WL has it would not be for me. Life insurance is to protect a family from the loss of a bread winner, and not a wise investment vehicle. You will never get the rate of return that you would if you invested in mutual funds etc. Whole life is overpriced. Best in industry term life is the way to go, along with a good investment strategy.
@IBCGlobalInc Жыл бұрын
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
@Mfgguy2 жыл бұрын
Thank you for a concise and intelligent video without all the crazy hype used by others.
@IBCGlobalInc2 жыл бұрын
Thank you!
@dominichoward48332 жыл бұрын
Real question: I didn't see the part where this beneficial to the "ordinary" person not, super wealthy or have own business. With the premiums, pay back interest and high fees, it may be prohibitive for the average person or not a good option.
@IBCGlobalInc2 жыл бұрын
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
@ghostoferlock Жыл бұрын
All I am saying, read the Introduction comment 'how the WEALTHY use insurance, if you aren't, don't look at it as an option.
@IBCGlobalInc Жыл бұрын
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
@dylanstewart33992 жыл бұрын
Love all the content and value! Excited to work with you in the future as my business and income continues to grow!
@IBCGlobalInc2 жыл бұрын
Thanks Dylan!
@cmack5215 Жыл бұрын
Can you do a video or a brief explanation comparing this whole life product to a buy term invest the difference mindset? I feel that this is a better situation than that one but I'm trying to make some sense of it. I just want to be able to explain the difference to others and even the primerica reps that push this ideology. They speak on annuities and other liquid investments that earn more risk free with less fees. I guess most will promote their products no matter what's best. I'm also interested in a partnership with you.
@IBCGlobalInc Жыл бұрын
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.
@cmack5215 Жыл бұрын
@@IBCGlobalInc thank you sir.
@rajgill7576 Жыл бұрын
Look at the chops and wings on this fella. He's a talker AND a listener 😆
@desiuse Жыл бұрын
The final money we get from using whole life insurance is less than the money we get by paying taxes on the money we get by investing in index funds. Tax advantages in whole life policy is a misnomer.
@IBCGlobalInc Жыл бұрын
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
@olegprozapas8318 Жыл бұрын
It doesn't make sense for 99% of people unless they're already very wealthy and max out every other possible avenue. It's an incredibly bad rip off for most.
@IBCGlobalInc Жыл бұрын
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
@RealGodwinIgberase Жыл бұрын
this is a beautiful presentation on cash value whole life, so much information and knowledge.
@luzvimindasawadan7626 Жыл бұрын
Thanks very informative.i took this policy money back guaranteed.and cash value.inckme tax free.
@richarddesrochers9463 жыл бұрын
Thats one of the best video that I have looked at. Really looking forward to implement this strategy.
@nancysmith94873 ай бұрын
Weldon, pretty thorough on concepts. Most people don't trust. Good job on
@IBCGlobalInc3 ай бұрын
Thank you! 🙏
@alm8bob Жыл бұрын
Im not rich and got one of these and I am looking to get out 😞 I’ve wasted my very hard earned money on this insurance due to ignorance
@IBCGlobalInc Жыл бұрын
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?
@MegaDee911 Жыл бұрын
How many of you have $100k to dump in an insurance policy every year 🤦
@IBCGlobalInc Жыл бұрын
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
@user-zc6zf6zl3z6 ай бұрын
How is interest calculated. Could you give us a video explaining this with a few scenarios such as making annual payments vs. monthly?
@brialynne61242 жыл бұрын
I need to know who this lawyer is! That’s exactly what I’m looking for.
@IBCGlobalInc2 жыл бұрын
Thanks for the comment below. Below is a link to a podcast with Elizabeth. kzfaq.info/get/bejne/g9-kZKx4usWyfnk.html
@Sideler742 жыл бұрын
Whole life. 1. The cash value you pay for, is not yours. 2. You die, you get one or the other (Face Amount or CV) not both. 3. Loans are tax free, just like every other loan, bank, mortgage, personal. etc. 4 Loan % is between 5-8% paid back to the insurance co. & not you (like in your 401(k). 5. Take a loan & don't pay it back that 5-8% will be added to your monthly premiums. (so you are paying it back, you may not be aware of it) 6. Take a loan & die, they deduct it from your policy face amount. 7. Whole life is a SUPER EXPENSIVE RIP OFF!
@IBCGlobalInc2 жыл бұрын
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!
@Sideler742 жыл бұрын
All whole life works the same.
@IBCGlobalInc2 жыл бұрын
@@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
@nanao85362 жыл бұрын
Which type of life insurance would you recommend for a young couple (early 40s) with 4 kids?
@mylesoliver97972 жыл бұрын
@@nanao8536 Do you already have life insurance?
@RYSEMagazine2 жыл бұрын
Wow! Never thought of insurance as an investment vehicle. Only from an death benefit for my kids. Definitely need to reach out. Can you all write policies for someone in Georgia?
@IBCGlobalInc2 жыл бұрын
Thanks for the comment! Yes, we are licensed in Georgia
@edwinhargrave679 Жыл бұрын
Thank you sir,great job Of teaching the masses God bless.
@IBCGlobalInc Жыл бұрын
Thank you!
@JimPowellS Жыл бұрын
Wealthy people use it because they got enough excess funds they can invest in a financial vehicle that pays 3%. Most Americans don't have enough to invest in an IRA, let alone max it out, let alone have enough left over to invest in additional financial accounts. I have a whole life policy not to get rich but to have a life time policy for when I'm in between jobs and was hoping to get enough that it would self-fund after 15-20 years because you aren't get a term policy after 60
@IBCGlobalInc10 ай бұрын
Thanks for the comment! :)
@starr81113 жыл бұрын
Can u interview this attorney Elizabeth ur referring to on saving taxes when putting money into a policy from a 401K, crypto etc.
@IBCGlobalInc3 жыл бұрын
Yes. We already have actually. Her podcast should be released within the next 1-2 weeks.
@jackjia87732 жыл бұрын
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.
@cubsfanap042 жыл бұрын
Think about it. If a person can borrow money and grow it within the policy at the same time, how is the insurance company going to make money? They have to make a profit somehow. Also, why do you need to put your own money in an insurance policy to build "cash value" when you could keep your money and grow it without ever having an insurance policy in the first place.
@IBCGlobalInc2 жыл бұрын
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
@a.t.lawofficepllc Жыл бұрын
Could you discuss the risk associated with not being federally insured on a life insurance policy?
@IBCGlobalInc Жыл бұрын
That is not in our area of expertise, but we can certainly reserach it! Thanks for the comment and question! :)
@shannonallaround9490 Жыл бұрын
This was good. Thank you. Please do more videos on Whole life insurance.
@IBCGlobalInc Жыл бұрын
Thank you! The focus of our channel is whole life insurance policies designed for maximum cash value.
@orwellhuxley63012 жыл бұрын
“They do very well” because they are wealthy. I know a lot of wealthy people that “don’t do very well.”
@observer12422 жыл бұрын
Very wealthy people do not put their money in the stock market. When you talk about tax free access I wish you had explained it a little bit more on that. Are you alluding to internal wash loans and the ability to generate tax free income?
@IBCGlobalInc2 жыл бұрын
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
@observer12422 жыл бұрын
@@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.
@vincentortega4284 Жыл бұрын
I would think once you are a multi-millionaire, or billionaire; you would just self-insure yourself. When you reach that point. Why pay these people money.
@IBCGlobalInc Жыл бұрын
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
@paulbrungardt9823 Жыл бұрын
The Insurance company is not doing this for your benefit. If a salesman comes to you, he is not there for your benefit.
@IBCGlobalInc Жыл бұрын
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
@TomRivieremusic2 жыл бұрын
insurance companies say one thing to get your money. There are all crooks.You will never get the promised amount that you agree on. They can keep you in legal suspense for decades. Too big to fail.
@IBCGlobalInc2 жыл бұрын
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
@raymondrobinson2375 Жыл бұрын
Great job! I personally know people who deal with drastic fluctuations in risky investments (nothing wrong there, but...) and stomach the market. Timing is everything with-the-market. Well, with this approach your money is literally safe, no market risk, comes with guarantees, consistent growth, protection for love ones, etc... I have stocks, bonds, mutual funds, real estate investments, plus more, but I also have Whole Life, too and it's a win-win especially with magic of compounding, tax treatment, freedom to access, living benefits, etc.
@anonymoususer8872 Жыл бұрын
Buy Term! Invest the difference.
@IBCGlobalInc Жыл бұрын
Great strategy for a lot of people!
@davidtoney99332 жыл бұрын
This is just the information I've been searching for #Subscribed
@edwinhargrave679Ай бұрын
Got your point but every one has there own specific reason how to invest and insure😊.
@IBCGlobalIncАй бұрын
Thank you Edwin! We fully agree 🙂
@FamilyofSeedsCee Жыл бұрын
Such great content! Thanks for compiling this. How can I get in touch with this amazing Elizabeth? I'm looking to start a trust. Thanks!
@IBCGlobalInc Жыл бұрын
Thank you! I've included a link to her firm's website below. - www.emalegal.com/
@jimcrowley1709 Жыл бұрын
Great video thanks so much. Just to clarify one thing about MEC’s and its tax status. I think you didn’t want to get into the weeds on this one. #1 taking the dividends is still tax free as long as you don’t exceed your cost basis. #2 policy loans are still tax free as long as the policy loan is NOT greater than your cost basis. #3 the 59.5 rule only applies if you trigger a taxable event on #1 and #2 I take it these statements are true; if not please inform me.
@IBCGlobalInc Жыл бұрын
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
@jimcrowley1709 Жыл бұрын
@@IBCGlobalInc thanks those are excellent videos!
@gh0stlich2992 жыл бұрын
Very informative video, one of the best i've come across in regards to this.. In your opinion what is the mininum amount of money someone should have either as a yearly salary or just perhaps sitting in a brokage account or in a savings account? 20K? 50K? 100K?
@IBCGlobalInc2 жыл бұрын
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
@ncube24682 жыл бұрын
What an incredibly excellent video. Thank you for the thorough breakdown. Much appreciated sir.
@IBCGlobalInc2 жыл бұрын
Thank you!
@stevesohn54362 жыл бұрын
Is whole life max cash value affected by one's health? I have Lymes Disease, but my businesses are increasing in profits and really trying to consider where I need to put my money that makes me money. Was thinking of Vanguard Index Funds, but recently stumbled on your channel and am highly intrigued about the investment possibilities. Also what is the digital whiteboard and application that you are using?
@IBCGlobalInc2 жыл бұрын
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
@PBS-nm1uu Жыл бұрын
great presentation. please keep educating the little guy, thanks.
@IBCGlobalInc Жыл бұрын
Thank you! :)
@lunaticbseker2 жыл бұрын
key word The wealthy
@xprezitgmail2 жыл бұрын
A question regarding high net worth or someone that comes into sudden wealth. Say someone enters a venture partnership and receives 10 million dollars plus company dividends every quarter worth a few million per year. With plans to invest in real estate and other passive income opportunities. What is/are some strategies? Can this individual capitalize the policy with the ten million? What do you advise?
@IBCGlobalInc2 жыл бұрын
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!
@danielvalle51032 жыл бұрын
Go try explaining this to Dave Ramsey
@IBCGlobalInc2 жыл бұрын
Thanks Daniel! We have a video on one of Dave's videos below. - kzfaq.info/get/bejne/p7CJl61h3tjGh5c.html
@hypnoticvibes5409 Жыл бұрын
Appreciate the information that was shared.
@royd.mercer172711 ай бұрын
I got my wife out of her overpriced whole life policy, and fired her insurance agent. Got term death insurance, and invested the difference. It's been 5 years, and already way ahead.
@IBCGlobalInc10 ай бұрын
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
@grateful9672 Жыл бұрын
Hi Steve, I'm looking for whole life insurance. I didn't grow up with any of this knowledge however my parents are older and I would like to change the dynamics of my finances. Please let me know how you can help.
@IBCGlobalInc Жыл бұрын
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.
@OceanGodis Жыл бұрын
Really great video! Great strategies! Thank you!
@lamariellita7587 Жыл бұрын
What happens if you get the policy with the 10K premium and 90K PUA for the year, and you only add $20K PUA, do you get penalized? Or if the first year you are able to add the 90K, the second year you can contribute half of that?
@MrStlover992 жыл бұрын
Im.starting a 2nd branch (policy), I love it
@iamtracywilson2 жыл бұрын
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.
@valentinlopez6189 Жыл бұрын
Good information!
@IBCGlobalInc Жыл бұрын
Thank you!
@RJGPG2 жыл бұрын
What about while life to hedge against unlikely, but catastrophic scenarios such as BK? Is the cash value not protected there?
@batk04272 жыл бұрын
Thank you Steve. New subie here. Great content. I was impressed with Elizabeth Morgan too.
@IBCGlobalInc2 жыл бұрын
Thanks for the comment, and for subscribing! :) Yeah, Elizabeth is the best!
@luxe47442 жыл бұрын
What's a good reputable company(s) to purchase life and wholelife insurance???
@IBCGlobalInc2 жыл бұрын
We'd recommend any of the 4 Major Mutuals to start. - MassMutual - Guardian - New York Life - Northwestern Mutual - kzfaq.info/get/bejne/Y9yqo6aVu6rWiGg.html
@luxe47442 жыл бұрын
@Insurance Business Concepts (IBC) Global thank you. I'll check each one out.
@markf.20509 ай бұрын
I have trouble with having "access" to the funds in a whole life cash value. Being able to take out a LOAN against your cash value is not what I would call access. I also have "access" to funds at Wells Fargo by taking out a loan with them. But I don't have to self fund the loan first. If that money were in a savings account or an index fund account, for example, then I have access to those funds because the money in MINE. What's the point of "tax free growth" of "your" cash value if you can only borrow against it, and then lose it all when you die because the insurance company keeps it. Yes, I know you can cash out and get some of it back, but you'll pay a huge surrender fee.
@IBCGlobalInc9 ай бұрын
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 :)
@markf.20509 ай бұрын
@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.
@newsjohnson Жыл бұрын
Unfortunately whole life insurance is a conversation that you know the answer to immediately-stay away from it. You can smoothly talk until you’re blue in the face but no words can suppress the one-sided benefits employed by the insurance co. There’s a reason why you don’t sell term life and it’s because it does the job at about 16 times less than you get paid for it. I appreciate the video because it’s well spoken and you used materials, it’s just flawed at the core.
@Rshen1123 күн бұрын
Term doesn't pay out.. it's money down the toilet..
@newsjohnson23 күн бұрын
@@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.
@Rshen1123 күн бұрын
@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..
@Rshen1123 күн бұрын
@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.
@newsjohnson23 күн бұрын
@@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.
@integratedboxingsystem8827 Жыл бұрын
This would have been a MUCH better video if he had shown numbers of common middle class people, and his they can benefit.
@IBCGlobalInc Жыл бұрын
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
@happiness_mindset3 жыл бұрын
Thanks. As always Excellent information Steve. I see that in the 50Y Male, Corporate plan chart you showed, death benefit drops in Y8, right after premiums are stopped. Am I missing something? is there any other component that drops (like Dividends?) and why?
@IBCGlobalInc3 жыл бұрын
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.
@hkrumble2 жыл бұрын
I wish you’d get to the point quicker. 4 minutes in and nothing of substance yet.
@IBCGlobalInc2 жыл бұрын
Thanks for the feedback! I'll work on that.
@brexit9279 Жыл бұрын
SOUNDS LIKE A WHOLE LIFE INFOMERCIAL TO ME….. JUST RUN OUT AND BUY A BAD INVESTMENT!
@scambuster7416 Жыл бұрын
i'm uninsurable, can i still do infinite banking?
@marvilus3 жыл бұрын
Are these type of policies available in Scandinavia??
@IBCGlobalInc3 жыл бұрын
Good question. That one I wouldn't have an answer to. We can check though!
@mrjasberry2 жыл бұрын
Lost interest at the 4 minute mark. Hopefully he shared something useful after he finished his set up but I’ll never know.
@IBCGlobalInc2 жыл бұрын
Thanks for the feedback! Here is a shorter video that you may enjoy more. - kzfaq.info/get/bejne/fL96aadkr8DcZHk.html
@IBCGlobalInc2 жыл бұрын
@@cybercab Oh man... We'll try to improve. Here is a shorter video that provide more details. - kzfaq.info/get/bejne/fL96aadkr8DcZHk.html
@NGF-Life3 жыл бұрын
Great video. Which insurance company do corporations choose to build their cash value life insurance? Do you have your attorney's KZfaq channel?
@IBCGlobalInc3 жыл бұрын
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
@AlanAndalon2 жыл бұрын
PennMutual has been used as well, but even for most cases with Premium Financing they like NYL, MassMutual and Guardian. NWM at times.
@seagullsfucking1419 Жыл бұрын
would this work in different countries like any place in eu and the brits? thanks a bunch
@IBCGlobalInc Жыл бұрын
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
@felixkangwa3315 Жыл бұрын
Great video. Lovely. From Africa; Zambia.
@IBCGlobalInc Жыл бұрын
Thanks Felix!
@hktan7737 Жыл бұрын
Outside United States, in Malaysia any company provide this type of insurance? I try to search, but can't find similar.
@IBCGlobalInc Жыл бұрын
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
@AnomalyBelleza2 жыл бұрын
Excellent work. What is the name of your podcast?
@IBCGlobalInc2 жыл бұрын
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
@ivyshen52112 жыл бұрын
10% on base premium and 90% on PUA will need huge DOT to avoid MEC.
@IBCGlobalInc2 жыл бұрын
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
@fenilpatel7274 Жыл бұрын
So with whole life insurance, are you able to set it up in a way where the beneficiary does not get the life insurance money and gets to extend it forward to some other person. For example, I get a life insurance policy and when I am no more, my kids have the option to extend the policy to their kids, my grandkids, instead of cashing out?
@IBCGlobalInc Жыл бұрын
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
@frankmastromauro56302 жыл бұрын
Great video
@Beserious7952 жыл бұрын
The way everyone is forgetting that an insurance company is selling insurance policies here. Unless you are wealthy, don’t buy whole life insurance policies!
@IBCGlobalInc2 жыл бұрын
Thanks for the comment. We've included a video that provides examples of smaller policies. - kzfaq.info/get/bejne/r5ibmZtpxrfZYX0.html
@discobee70972 жыл бұрын
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
@estephens372 жыл бұрын
Excellent breakdown! What type of policy is this? HECV? 10 pay?
@IBCGlobalInc2 жыл бұрын
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)
@jaefourtrades3 жыл бұрын
What business/industry was the power couple in?
@nassah2010 Жыл бұрын
Does this apply in the UK?
@brianadavis67962 жыл бұрын
The Wealthy Use Whole Life Insurance... By avoiding it like the Plague.
@IBCGlobalInc2 жыл бұрын
- kzfaq.info/get/bejne/bKxplZlk2NumZ58.html. Don't get taken advantage of with whole life insurance.
@James-yi1vk11 ай бұрын
Why would I want a cash value policy when I can just buy a term policy and put the difference in a brokerage account? It grows more, and the cash value doesn't go away when I die. Why on earth would anyone buy whole life?!
@IBCGlobalInc10 ай бұрын
Good question. I've included a video below entitled "This is Why People Want Whole Life Insurance" - kzfaq.info/get/bejne/oJp3ppRep7DIpYE.html
@Rshen1123 күн бұрын
Youe cash does go away When its taxed
@robertmartin2652 жыл бұрын
What companies sell those big policies? Ty for sharing
@kristofferphibbs99582 жыл бұрын
Based on the insurance companies you are licensed with I hope you are using Lafayette for these
@IBCGlobalInc2 жыл бұрын
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
@kristofferphibbs99582 жыл бұрын
@@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.
@IBCGlobalInc2 жыл бұрын
@@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
@keithh98542 жыл бұрын
Well for starters there's only 5 - 6 mutual fund companies in the US. There are only 3 whole life company that are worth a darn. Don't screw people. Reach out if you education on a personal basis instead of a salesman pitch.
@IBCGlobalInc2 жыл бұрын
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
@attellsimpson1452 Жыл бұрын
Interested in the lawyer Elizabeth you keep mentioning, what’s her contact information/social media info?
@IBCGlobalInc Жыл бұрын
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
@Adam.Morrison Жыл бұрын
Can anyone point me in the right direction on setting up this type of whole life insurance policy in Canada? Everything I see is always USA based?
@IBCGlobalInc Жыл бұрын
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/
@juliekeeney15382 жыл бұрын
So do you not recommend this for a middle class type person?
@IBCGlobalInc2 жыл бұрын
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
@harryseibert4572 жыл бұрын
Are these wealthy people selling whole life? And if so do these wealthy people who sell whole life make more commission than if there were to sell term insurance?
@IBCGlobalInc2 жыл бұрын
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
@Thomas63r22 жыл бұрын
Love it! Let's be honest about the whole life policies hated by popular money people like Dave Ramsey: I think his hatred is toward the low value level pay plans targeted mainly toward lower income people - my guess is that D.R. has never looked at a BOLI for high income wealthy people.
@IBCGlobalInc2 жыл бұрын
Thanks for the comment. 1,000% agree with that statement.
@hadtocheathimtobeathim65492 жыл бұрын
High income wealthy people don’t buy insurance because they’re self insured. Good grief. Is this this hard?
@IBCGlobalInc2 жыл бұрын
@@hadtocheathimtobeathim6549 Thanks for the comment! From experience, wealthy individuals are taking out policies for the cash value and tax advantages.
@tariqs20722 жыл бұрын
90% cash value in year 3-4, wow! Is this for Canadians also?
@IBCGlobalInc2 жыл бұрын
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/
@rolandoriggio50262 жыл бұрын
Do you have a link with Elizabeth’s podcast?
@IBCGlobalInc2 жыл бұрын
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
@MrGonia12 жыл бұрын
Sounds just like having a Bank On Yourself policy, which I love!!!