At 14:54, on the left side, why does the death benefit of the policy drop by $120,000 in year 8? There's nothing we can see to explain that drop.

@@PantherFranciscoComedy Good question, and great observation. We reduced the term rider in year 8 in order to minimize insurance expenses and optimize cash value growth. The 8th year reduction has to do with an IRS limit referred to as a Modified Endowment Contract (MEC). I've included a video that provides more information on this. - kzfaq.info/get/bejne/pZuCf6aV3M7ef5c.html

@@IBCGlobalInc Thank you so much! I'm studying to get my life insurance license, so trying to learn as much as I can about all these topics.

These policies carry higher fees and commissions and you are usually better off investing it in a mutual fund. They are also very complicated and a lot if not most salesman don’t even understand what they’re selling themselves enough to be able to compare policies. The premiums are much higher than Term and if you aren’t already wealthy, and you’re not positive you can fulfill the premiums then the penalties and fees to get out of the policy will hurt you.

@@thunderbuddies6549 right. Why would I get 2% return a year when I can invest directly in major funds and get 12%, then just buy term life for the period of time I’m working and need coverage. Whole life is a scam

this is def. not a smart board. it is an interactive panel. probs an NEc or a NewLine, but a SMartboard it is not. this one works lol Smartbaord would need an update or firmware halfway thur this video lol

Thank you! Really appreciate the kind words 🙂

Giving your money where you do not have liquidity is not always the best option. I would pass on this.

Troll

Right?! AND he's mean. To me knowledge, he has no experience advising. He is just an old, bald guy ( am one too) on the radio.

He owns a term life company. Biased!!

Also, He’s very arrogant toward callers. He’s made millions telling you how to live like your grandparents lived.

@@hamprepper you mean our grandparents who control 70% of the wealth today. Hmmmm. Sounds pretty dam good to me.

🤭🤭🤭🤭🤭

But what about the tax free part of it?

@@mikejackson1410 what about it? Why not sell an indexed annuity instead? But the insurance separate. When you die, your beneficiary gets both the insurance and the annuity. With mutual funds, the shares bought appreciate in value without taxation too. And, you can take the shares to the bank as well for collateral and get a loan easily too. As it’s paid off, the shares are still in the market and appreciating and paying dividends and capital gains all at a much higher growth rate over time. So, there is a much better way around the crappy interest from the annuity over time. But, it doesn’t pay the commissions like you get with crap value whole life. That, along with not being licensed with the FINRA is why you sell it. Not for the best benefit for the consumer.

Thanks for the comment. I've included videos from our channel that address your points/concerns. - kzfaq.info/get/bejne/f5OTkrp2vbXHp2g.html - kzfaq.info/get/bejne/osmfesubq966o2Q.html - kzfaq.info/get/bejne/n5t5h8dyxtrFZ6M.html - kzfaq.info/get/bejne/gJ19lLVor93Qm5c.html - kzfaq.info/get/bejne/gquRnKqdz8eUY6c.html

Here is the problem. You have to pay 50% taxes when you take the money out if the investment acct. Also, you took the 30 year term out at your age 35. It ends at age 65, it is way too expensive to renew. You die a age 75, you have no life insurance and half of the investment acct goes to taxes. The whole life performed better

​​​@@timothythompson4036 invested in a Roth there are no taxes. Thus, assuming you invested and had those 9% annual returns, you'd be much better off. Regarding the insurance portion of it, the idea is you can self insure by the time you are 65 and at that point you are entitled to Medicare either way. It's probably safe to assume Medicare benefits will be reduced by time you are 65 if you are 35 in this example, but either way, between the massive difference in your personal wealth and Medicare, self insurance should be the goal. I think whole life is an OK product for some that perhaps are not disciplined. If you are basically forced to contribute a few hundred $ every month to a policy to keep it in force, and its a properly written policy, then go for it. But for individuals like the OP, and for myself, I strongly agree with buying cheap term insurance that gives you much more coverage at a fraction of the cost, and invest the difference of what I'd be spending for a whole life policy into a Roth for 35 years. EDIT: I mention the part about Medicare to simply reference the idea that your personal expenses should be less by retirement age. You should have a paid off or nearly paid off home, and shouldn't have dependents that are eating away at your resources. Life insurance is in the event of a bread winner passing away and leaving their dependents with a massive burden. If your home, medical and personal expenses are reduced by 65, you shouldn't need to worry about a life insurance policy

Thanks for the comment. We've seen wealthy individuals and banks direct money into insurance and other assets, maintaining diversification. We teach individuals to use these policies in the same manner wealthy individuals and corporations do. We've included videos below that provide more information on how banks and wealthy individuals use cash value insurance. - kzfaq.info/get/bejne/msx_dpp6rN_XnKc.html - kzfaq.info/get/bejne/jM-KgaSAnautYo0.html - kzfaq.info/get/bejne/mal0o9akub7Oc40.html - kzfaq.info/get/bejne/kLyXddlelau0Z6M.html Hope this helps provide some additional information!

I've just started looking into this, but the draws seem to be liquidity, risk management, and tax benefits.

It is a scam

You're looking at this all wrong. You have to store cash somewhere, even it's a short while until you do your next investment. Think of infinite banking as a supercharged savings account on steroids, that you then utilize to fund your investments. The great thing is this supercharged savings account continues to compound as if the funds weren't touched while you're using those funds elsewhere getting another 10-30% ROI.

@@Jekyll_Island_Creatures Yeah. The opponents of this strategy, do not seem to view it as the same money but put to a different use. What is the difference between $1 million death benefit and $1 million in mutual funds at death? They both have a zero tax basis at that point. To me, it is taking money from the left pocket and putting it the right pocket. You still have the same amount of money. Maybe it because many retirees do not really do anything with money. That's it! All of these comments only look at it as an investment. They do not understand leveraging and cash flow as a multiplier effect.

Thank you for the kind words Ryan! Much appreciated :)

Nope! I did a comparative with a 30 year term and found that investing separately and averaging 5% and instead of borrowing, just taking the cash out of the investment, at the end of the same 19 years that we could see on the chart, I would have about $300,000 more in my investment over the same period of time. Averaging 9%, I'd have about $1,000,000 dollars more. And, if I die, my family gets both the face amount and the investment amount. So, the insurance company ends up with a lot of my money and you the agent got a huge pay day for scamming me and potentially stealing my investment (cash value) if I die. Any response? Also, the dividends are still an overcharge.

@@scottgavenman6119 I agree.....This guy just sounds like he knows what he's talking about, but he is actually telling you this is nonsense if you actually listen to what he is saying.....This will not work for the average person. You would have do dump a ton of money into this every year to get any where near the numbers he is talking about. And you are borrowing your own money, at a higher rate, I might add then his example. No way they are paying you a 5% dividend and loaning you money at 5%......I tell you, just like P.T. Barnum said, "There is a sucker born every minute"......LOL!!

@@Convos4Inspiration What's sad is people thinking they are getting dividend profits of the insurance company and all they are getting back their own money they overpaid for. So, they aren't offsetting the loan either. They lose 5% every year and if it's in an IUL, then the mortality fee is going up each year sucking more money out of their CV. And, if they reach the MEC threshold they will have to buy more face amount of life insurance which will increase their mortality charge as well. These agents are just a different brand of smash and grab criminals.

@@scottgavenman6119 Yup and I was crying laughing at his example where he says you get a 5% dividend and the insurance company only wants 5% interest on the loan you borrow.....Really?? He ran thru that lie really fast.......😂😂

Hi Frank, thank you for the comment, kind words, kind words and context. I fully agree with the point that some will see the value, and some will not. Again, really appreciate the support. Thanks - Steve

I wonder how much “Frank” was paid for this ass kissing comment.

As a life insurance agent and financial adviserI have to respectfully disagree with IBC at all levels. To put in simple terms how do you "borrow your own money and pay it back with interest.? The interest is not going back into your account it goes into the Insurance companies coffers!!! You're better off with a good growth mutual fund Roth IRA where you're distributions are TAX FREE!!!!

@@edsvids When stocks dropped 50% during covid crash. My 50k in cash value was untouched. I would have lost 25k if I invested it directly. 1 month after the crash, I took out my 50k on a policy loan, dropped it into stocks, and made 40k a year later paying back the 5%interest and have $$$ profit. This isn't an investment. It's an investment tool. My dumb self took 100k out of my cash value and traded stocks (Paypal, Block,Baba, etc) and lost 30k a year later lol. If I left it in my whole life, I wouldn't have lost that much money. Market can be unforgiving. Life insurance made me 40k. Life insurance could have saved me from losing 30k. You don't borrow your own cash, you borrow from your ins policy which uses your cash as collateral. You dont pay yourself interest back. You pay the ins company their 5% but maybe add another 2-5% on top of that as OPP to build up your cash value some more. You take that 5% loan to pay off a 15+% CC debt. This concept isn't for people who can't put in a minimum of 1k-2k a month in premium and it's also not for people who aren't savy with their money. Btw, currently taking out a 100k policy loan for a 10%+ real estate investment. Will net 5%+ after paying it all back in 6 months. After all said and done, policy dividend will still be paid on anniversary date as if I never took anything out against my cash value amount 😃

@@jo3y5o4 Couple of things. I'm life licensed since 2007. I know exactly how this all works. Yes you are borrowing against the insurance policy. My problem is the cash value is marketed as the insured's own money. You're paying a high premium of your own money and literally handing it out to a complete stranger who KEEPS the money in the cash value upon your death. Also any money borrowed will decrease the death benefit but the premium does not get decrease. So now you're paying more premium for less coverage that your family is counting on should you pass, not to mention the interest, fees and surcharges that are deducted because you have a loan against the policy. The "dividends that are paid out are actually overpayment on premiums paid, so that right there is a farce. Dividends in the true financial world are profits paid out to investors. If you gave me the opportunity to examine your policy I will in under 3 minutes show you how you're ripped off by this product. In closing you're right about the covid black swan but 50% losses finished the year with 100% in many mutual funds.

Thank you!

Thanks for the comment. It helps our channel. See below videos that provide transparency on commissions and profit to agents. - kzfaq.info/get/bejne/gJ19lLVor93Qm5c.html - kzfaq.info/get/bejne/nMuheK2drb_bfKs.html - kzfaq.info/get/bejne/praAqMio18eRpY0.html

Thanks for the comment. Below is a detailed case study we released yesterday. It goes over the main issue with whole life and why someone said no, then yes. - kzfaq.info/get/bejne/nqiCesiK38jeemw.html

What I understand is you pay yourself instead of the bank. If you borrow from the bank you get no benefit during the time your carry the debt. If you use the money in the bank, it goes to zero.

​@bongirud You are not "paying yourself" when you pay back a policy loan. The interest goes to the insurance company, not to you. If your capital fund is your own high yield savings account (like an Ally account currently earning 4.35%) and you pay yourself back at the same rate that you would pay back a policy loan you will come out ahead with CASH compared to "uninterrupted growth" of a cash value. This is because YOU get to keep the interest portion of the payment and the compounding interest on your deposits. Compounding interest is not a unique feature of cash values. Another feature of using a high yield savings account as your capital is that you break even on day one when you start making deposits. With a whole life policy, it may take up to 7 years to break even. Yet these are touted as being such great "investments." I don't know any serious investor that would tolerate a contractual growth rate of ZERO for the first 7 years. Add to that your cash is not cash any more - it is "cash value."

Thanks Jeremy! Much appreciated :)

Truly beautiful!

Dave Ramsey is 100% correct!

Thanks for the comment! I've included a few videos that address some of your points. - kzfaq.info/get/bejne/pNyfapZ7s5qZonk.html - kzfaq.info/get/bejne/rMyVls59x62dfp8.html - kzfaq.info/get/bejne/eNyaotl6p9_LZ5s.html - kzfaq.info/get/bejne/kLyXddlelau0Z6M.html

Let's see if I can clear things up a bit. Q: Overpaying a premium in order to eventually have access to a portion of your cash value? A: You overpay to have access to high percentage almost immediately, within a month at most usually sooner. Agreed not all but around 80%. However 100% of the funds are gaining interest/dividends. Example: You put in 100K, you can access 80K and still gain at least 3% interest on 100K. Some designs could give you access to even more of the funds right away as well. Q: I can have access to an almost unlimited amount of capital to use for my benefit based on my cashflow. For example day 1 I get a wl policy what do I have the ability to do? Nothing because until I build it up I have nothing to access. A: Using just your own cash say to fund a business or real estate purchase is fine, however how much interest are you gaining on those funds you use to do business? Zero. Using this strategy you can go make that business purchase and in addition to the return you get from that investment you also keep gaining at least 3% interest on the funds you used to purchase. Example: You have put in 100K and can access 80K of that. You then go buy a vehicle for your business and advertising for a total of 60K. Your cash value has been reduced to 20K in the life insurance policy but you are still gaining interest on 100K and you now have a vehicle and advertising for your business that will likely have some rate of return as well. So if those purchases were going to return 10% over the year of doing business you can add the 3% to that and for the same expense you have increased your ROI of that 60K purchase by 30% Q: Day 1 I go into a bank and buy a house, using their money I do need to have a portion based on the amount of equity involved but I have no penalties assigned to me in what I can borrow its all based on my cash flow. What am I gaining that cant be done with other vehicles that are better at making me money or at least giving me flexibility? A: One benefit of life insurance is the death benefit and that starts Day 1. Real estate or property does not provide this, rather it carries an obligation. If you were to pass away your family would be on the line to continue making the payments to not lose the property opposed to being handed a check for your passing. This could even end up in a net loss if you have not had time to build equity in the property. No such risk with life insurance, it is cash flow positive day one in that regard. The other draw back to using real estate for this type of function is that you are limited by the value of the property and what you owe. Generally a HECL will give you 80% of the value minus what you owe. Example: I get approved for a 1,000,000 home and I put in 50% or 500K. Now I can loan about 80% of the home value minus what I owe. 800K - 500K, I have a 300K line of credit. On the other hand, if I were to put 500K into a life insurance policy I would have access to about 400K. As a further point to flexibility, with a specialized design we can create a life policy that will enable you to put in as little as 10K per year and then dump in up to 500K in that first year. So this can really provide a great opportunity to jump start a policy that is intended to fund business operations and has a low yearly obligation after that first year dump in. This policy essentially allows a 50x contribution in the first year from your yearly base rate. Example: A base rate of 1K per year, will allow me to dump in 50K in the first year while still providing access to about 80% of those funds and while gaining the interest and dividends as well. After the first year I am only required to make the base payment of 1.5K per year ($500 in additional riders to allow larger cash deposits and avoid MEC) to keep the policy in force and I will have the ability to continue adding up to 10K per year for further funding if I choose to. I do not know anyway you can do such activity with such little capital in real estate. In 20 years the 50K would have grown roughly to about 120K with current rates around 5% return which is fairly reliable given the history of the company. If I take advantage of adding the additional 10K year growth would be much higher obviously. I will have this option for about 10 consecutive years but I can skip years and do not have to add those funds if unable to. This is a highly flexible instrument compared to real estate where I must make my monthly mortgage.

You literally just described a scam.

@@franciskeys9810 over paying your premium is not scam, it's just not necessary. You literally are choosing to pay more not duped into paying more and there are specific provisions for how paying more works, that isn't a scam that is a choice.

Thank you Samuel. Great comment and couldn't agree more about the mudslinging being too much in society today. I'd also agree about the positive side of Dave and how he has helped a lot of people.

Nope! I did a comparative with a 30 year term and found that investing separately and averaging 5% and instead of borrowing, just taking the cash out of the investment, at the end of the same 19 years that we could see on the chart, I would have about $300,000 more in my investment over the same period of time. Averaging 9%, I'd have about $1,000,000 dollars more. And, if I die, my family gets both the face amount and the investment amount. So, the insurance company ends up with a lot of my money and you the agent got a huge pay day for scamming me and potentially stealing my investment (cash value) if I die. Any response? Also, the dividends are still an overcharge.

@@scottgavenman6119 go google how much BOLI there is out there and then ask yourself 2 questions... what are they putting all this money into? (hint cash value life insurance) and 2. Why are they doing this?

You can borrow against that investment portfolio through a SBLOC (50% cash-out), and still earn on the full portfolio amount. Just like a WL policy, but better.

​@mikep4869 that's Infinite banking.. but you can. Get margin called.. with helocs.. you can lose your house..

​@@mikep4869same concept.. loan is cheaper on life insurance

9% is an assumption.

@@mikep4869 not always better..

Because financial advisors make money from the fees they charge managing your money. They don't want you to do this, it takes away from you needing them.

Thanks Jorge! Appreciate the details!

I know!

Don't forget the number one way to get your money out. That's to die.

But wait! If Dave has a hard time explaining something, won't his ratings go down?

So you are saying I need to waste money paying interest to the insurance company just to use my own money ? Even if Dave Ramsey is technically wrong this Infinite banking thing still sound like a very bad idea.

Hi Dan, good question. I've included a few videos below that may be helpful. - kzfaq.info/get/bejne/mal0o9akub7Oc40.html - kzfaq.info/get/bejne/gpqZaK2euZzUXZ8.html - kzfaq.info/get/bejne/oNGBiLmbsczUc4U.html - kzfaq.info/get/bejne/mtZdjNR30pyXmnk.html

@@IBCGlobalInc None of those videos show that it is a more or even close to as good of a method of amassing wealth as directly investing. The only benefit I see is the reduced risk. But that is at a large cost over a person's lifetime due to both the high fees from premiums and lowered returns.

@@dwo356 Thanks for the comment. It may not be a fit for you then. Typically, many will use this as an asset for legacy planning and positioning a percentage. We'll always aim to make it transparent as possible so the consumer can decide. Thanks again for the comments. It is a huge help in growing our channel :)

You goal should be to look for someone to reaffirm what you want to be true. Your goal is to find out what smart, educated people’s opinions are of IBC. If everywhere you look people seem to hate it and it seems that the only positive videos come from IBC then... well if you cant figure that out then you aren’t going to find much financial success in life my friend.

@@dwo356 “It may not be a fit for you then” 😂 Yeah Dan! The “best fit” is for people that are willing to pay heavier fees/commissions for their “Financial Advisors”.

Thank you! Much appreciated! You mentioned you are trying to improve your product knowledge. We offer a training program for licensed agents. I (Steve) run a live training weekly for agents looking to improve their practice. - www.ilstrainingacademy.com/home

No, you are looking for ways to hide the nonsense that consumer advocates have been writing about since 1879 about whole life insurance...

Thanks for the comment. I've included a few videos below that provide transparency on loans. - kzfaq.info/get/bejne/l5pheNV8xMereIU.html - kzfaq.info/get/bejne/gb6ciqp435-yd40.html - kzfaq.info/get/bejne/q7SYg9Cipsuwn2w.html

Unfortunately, you are incorrect. The loan will be deducted from the death benefit. This is called non loan recognition, which only a very few insurance carriers do. You my friend are talking about premiums. If one doesn’t pay his/her premiums( if no rider is attached) the carrier can pay the premiums from the cash value at a very time the policy will/may lapse. Individuals can also purchase a paid up in 20 policy, which they pay the premiums up in 20 years-no lapse. This gentleman knows what he is talking about.

@@YouAREyoubeYou Yeah. BUT, isn't a failure to pay back a loan always bad. I mean, would the results be rosier anytime?

Yes in standard loan cases with the banks.

Same!! 😃

Thanks for the comment!

I still like Dave but I don't agree with him on every concept he teaches. He wants to put me in a box like everyone else.

Thanks for the comment! :) Below are several videos that provide examples of policies with smaller amounts of money, how whole life insurance works, and information on commissions. - kzfaq.info/get/bejne/rMyVls59x62dfp8.html - kzfaq.info/get/bejne/r5ibmZtpxrfZYX0.html - kzfaq.info/get/bejne/f511aLuqsKy8iXk.html - kzfaq.info/get/bejne/gJ19lLVor93Qm5c.html

Let's say the guy dies in year 5 with an outstanding loan of $200k, the death benefit is $650k after paying $250k in 5 years. If he dies in year 12, the death benefit is $333,883 after paying $478,975 into the policy.

Some additional videos addressing your points. - kzfaq.info/get/bejne/bpdmqM2Hyt6vqKM.html - Cost Breakdown Pt. 1 - kzfaq.info/get/bejne/apica66r0pfLnZs.html - Cost Breakdown Pt. 2 - kzfaq.info/get/bejne/Y9ugiMl01uDWdok.html - PUA Rider - Fees & Charges - kzfaq.info/get/bejne/mtpkn71ey5m8l2g.html - Speaking with an Actuary.

Didn't correct anything I've said. Above I shared that if the same person paying $50,000 into your plan had just got a 30 year level term, they would have around a million dollars a year more than your infinite banking nonsense. And, the family gets both insurance and investment if the person dies. Even at 5%, $300,000 more and the family gets both. And, dividends are still overcharges in which you glassed over and dropped.

@@scottgavenman6119 you lost me at insurance death benefit and investment. What investment?

@@mikejackson1410 cash value. If you are going to talk interest rates then the overcharge cash value is your investment. When you die, the insurance company keeps it and only pays out the face value.

@@scottgavenman5927 Ok, now I understand. Thanks…

Thanks for the comment! We just looked up legal eagle. He's got some great content! Thanks for turning us on to him!

bro ibc rolled this kid been real quiet ever since ibc came out with this one 😳

@@IBCGlobalInc you don’t release it’s an insult

@@printer8952 what’s wrong with responding to insults in a polite manner?

@@IBCGlobalInc get the mud out ya ears scammer

Brilliant idea!! You hit the nail on the head. IBC is a scam.

That's actually ok. Term is a HECK of a lot cheaper and if you are saving correctly, you become self insured when the term is up. That means you have enough in the bank to cover any final expenses. What most people don't realize is that on whole-life policies, is that upon death you get the face value (not the gains). Speaking of the gains, by the time you mix in the hefty fees, your gains are significantly smaller then traditional investing. (Say 1 - 3%) for the first few years and even after that it doesn't match the traditional 10 to 12% average returns you get in the stock market. Also remember, insurance is there for one reason, to replace your income if you die. Keep your insurance and investing separate.

@@tomsthoughts2 Totally. However, "If you saved correctly" is a big, IF. In nearly 9 years of the industry, almost no one "saved"... let alone "saved correctly." Almost all of them will die after the coverage is gone AND have little or nothing saved.

@@MckensyLongwell the root of Dave’s argument for term life insurance is having saved properly. Both must exist and you shouldn’t need life insurance past 60 so it doesn’t really matter. And if you can’t save properly you probably also can’t handle a whole life insurance policy either.

Thanks Monegenix! Question, what is the core focus in your business? I checked out your site and it apparent you've got great material. If you want to email me at info@ibcglobalinc.com, I'd love to connect. Thanks - Steve

Thank you for the respectful comment. Below is a video that may be helpful. - kzfaq.info/get/bejne/fZx7lLxytd3bf3k.html

You can still invest... you can do both..

whole life is an outdated model. a lot of people simply invest in the market or with mutual funds. you can pass that to your family when you die. if you have children get term insurance. it's much less expensive and serves the same purpose.

Hi Sean, great questions. I've included a video highlighting the drawbacks of Whole Life Insurance. - kzfaq.info/get/bejne/mtZdjNR30pyXmnk.html On the point of the "break-even", you are 100% correct. This is the major drawback to a policy if an individual is concern about cash value. We can minimize the premium, and enhance the cash value/break-even point, but we will still see negative cash value in the early years. Most corporations and individuals view the cash value in the following manner: - Safe Money. - Tax advantages - "Hands off". Don't have to think about it and the value appreciates each year. The loan interest rates on policies are high compared to what can be found in the marketplace. As an alternative, some will consider Cash Value collateral loans. This is a a means to leverage a policy as a line of credit. - kzfaq.info/get/bejne/pZtgqb1-37bYgn0.html - kzfaq.info/get/bejne/e9pojLBemL2adGg.html Thanks for viewing and commenting. Let us know if this is informative.

@@Kevinschart yeah, I have term insurance that will last until my wife and I'd current portfolio will grow to the point where we don't have to worry about insurance. Whole life seems to be a terrible growth vehicle, and for me I have no need for that big of a pile of safe cash for that length of time. This may make some sense in some very specific scenario, but overall, to me it seems there are much better places to put your money and better things to borrow against if you do it to get loans.

You are correct, you don't understand how IBC works or why it's good and NO, you're not locking up money for years just to "break even". I've been practicing IBC for several years. I literally took a loan against my policy within the first 2 weeks of setting it up, so the money is NOT locked up. Over the past couple of years I have borrowed and repaid loans to pay off property taxes, pay down an investment property, buy a business, etc. I borrowed the insurance company's money with no credit checks, W2s or hassle while my money continued to earn uninterrupted compound interest at a post-tax rate of about 4.5% vs. a bank savings account of .025% (and that interest is taxable). With respect to your "and for interest at that" comment, of course you pay interest. You're not using your own money, you're using the insurance company's money. This is exactly the same as if you had a house and got a HELOC. The bank is using the equity in your house to collateralize the HELOC just like the insurance company is using the equity in your policy to collateralize the ILOC (Insurance Line of Credit). If you have a problem with people paying interest to borrow the insurance company's money then you should have a problem with people paying interest to use the bank's money but I'm assuming you're not complaining about people paying interest on a HELOC even though the HELOC is collateralized using the money someone paid into their house. Good luck with your term insurance and portfolio. That's what the majority of American's do and that's working out great for them.

Lots of people discover they need insurance later in life than they thought they would in their twenties. The people who believe they wont need it may be wrong and if so, it will either be impossible to get due to health or expensive due to age.

Thanks Pete! Appreciate the kind words :)

Listen to Dave Ramsey then decide

That's a good question/point about people claiming that the interest on your policy is paid to yourself. That is not the case. Interest is paid to the insurance company. We continue to earn interest as if the money was still in the policy, but the "cost to borrow" still exists. I've included a video on this point. The main thing to do, in my opinion, is make sure all points are covered thoroughly. If one feels the product is a fit after obtaining an accurate understanding, then they'll move forward. If they do not see the value, then they do not move forward. Thanks again for the comment! - kzfaq.info/get/bejne/jKqViLym3JO2nas.html

@@IBCGlobalInc I sincerely appreciate the transparency. It is so much simpler for these people (Dave Ramsey and others) to declare all of a certain thing 100% bad. They do not talk about nuanced cases where they do not qualify for a loan due to credit issues, so whole life is a step in the door.

@@kiethmergard the loan from a WL policy is coming directly from the cash value which is YOUR money. If you have no money to start and need a loan what makes you think you would have enough money to fund a WL policy enough to offer yourself a substantial loan of YOUR OWN MONEY?!

@@kiethmergard make that make sense my friend

@@renegadehierarchy It's coming directly from the insurance company general account fund. They collateralize your death benefit and your policy is getting uninterrupted compound interest while you are borrowing.

Thanks for the kind words, and great question! Interest paid on loans goes to the insurance company. I've included a video that may be helpful. - kzfaq.info/get/bejne/pbehZN2Ll7XTiIE.html

Those are good questions! If more people asked these type of questions upfront, they would not be sold a bad product. Thanks for listing them out. I've listed your questions below with videos that provide answers. - the oft-cited claim that "wealthy people have been using this strategy for decades". seems like a hand-waving assertion of authority. Studies? Statistics? -- kzfaq.info/get/bejne/msx_dpp6rN_XnKc.html - How the Wealthy Use Cash Value Life Insurance. -- kzfaq.info/get/bejne/athyocV62cmvc3k.html - The Family Office and Generational Wealth - kzfaq.info/get/bejne/Z9xio7mCnJm9lGg.html - Proof of Actual Performance with the Major Mutual companies. and even so, if financial optimization is unique to each individual, why would a strategy that works for a very-high-wealth person necessarily be good for a middle-class investor? -- kzfaq.info/get/bejne/pNyfapZ7s5qZonk.html - Do THIS and you'll have a lot of money with Whole Life insurance. -- To provide some written context, it really comes down to a matter of preference for individuals of different income levels. As long as it is transparent, and one can make an informed decision, then buyer's remorse should not occur. What I've observed in Dave's content is that he appears frustrated with the lack of transparency in the industry. He likely sees agents promote cash value products in a manner that is not 100% truthful. In many ways, we agree with him. - what happens to cash value upon death? You state here that the death benefit "grows with" the cash value, but that's much different than saying they are additive. -- kzfaq.info/get/bejne/hMeFiblmzJ_Rnas.html - What happens to my cash value when I die? - the risk-adjusted opportunity cost comparison of low-risk investing (bonds?) vice capitalizing the cash value of this kind of policy. to include borrowing externally (HELOC?) instead of borrowing from my cash value, and just insuring with term insurance. Apples-to-apples side by side of this strategy to the Ramsey strategy, covering all aspects. -- I don't have a video for this. I'd need to work on this. The below videos do not really hit on your question but you might find them interesting based on your comments. - kzfaq.info/get/bejne/n5t5h8dyxtrFZ6M.html - kzfaq.info/get/bejne/brp8Y7F21s2dhqs.html Thanks again for the comment. Feel free to email us at info@ibcglobalinc.com if you have any specific questions.

Run, don't do it.

As an estate planning attorney, I will agree that wealthy people use life insurance far more than those whose estates are not taxable. i have no statistics but that is my observation. You would think it would be the opposite. Poorer people love their kids the same as rich. Life insurance is a contract. 100% guarantee of a payout to kids. Also, the reason term is, by definition, not permanent, is because it is too expensive to insure an old life. That is, if you buy a $1 million death benefit at age 85, it is likely unaffordable. However, the life insurance company invests the cash value. As it increases, the difference between the cash value and death benefit narrows. That makes it affordable in advanced old age, which is worth something. I have been in practice 26 years. I can't think of ONE case in which I saw an 80-year-old client with a term policy. Few have whole life. I have to wade through all these Dave Ramsey-type opinions about life insurance when I dare suggest we use a life insurance in a wealth replacement trust to finance the mathematically guaranteed death tax. I admit it is frustrating. Respectully. I am curious, what about infinite banking DO you like?

@@DarolTuttle Thank you for the comment and information. We feel that infinite banking is a great concept that has brough awareness to whole life insurance. The majority of our clients will focus on maximizing the cash value first, and then using the policies. I've included a few videos below. - kzfaq.info/get/bejne/pNyfapZ7s5qZonk.html - kzfaq.info/get/bejne/rMyVls59x62dfp8.html - kzfaq.info/get/bejne/r5Z7nsmAv56VZXk.html

Look up Boli policies. Banks use them. Banks literally have most of their upper staff take out Boli policies which are infinite banking but applicable to banks by using their staffs life policies as leverage.

Hi Kevin, thanks for the comment! Appreciate it :)

Good question. No, the death benefit will increase with the cash value. I've included a video that provides details to this point. - kzfaq.info/get/bejne/hMeFiblmzJ_Rnas.html I agree with you that the premiums are much higher with a whole life policy when compared to term. With that said, most we work with express that they are not interested in the death benefit, which results in minimizing the premium as low as possible. Video below. - kzfaq.info/get/bejne/qK6Jg92Tmc3Vk3k.html

This is like asking how apples are better than banannas. infinite banking is NOT: An investment, and is only slightly about the death benefit. Infinite banking IS: a way to store your money tax free with compound interest that you can leverage via loans to purchase ACTUAL investments, and use those returns to repay said loans, all the while your money is still compounding as if you never took the money out of your savings. your monetary benefits are what you do with the loans taken out of infinite banking, NOT sitting your money in it and hoping for ROI. thats why its called BANKING. its a BANK. storage. loans. interest.

Thanks for the comment Roger. I'd agree from some of the videos I've seen. He may open up to the idea of policies funded in this manner at some point. A lot of good can be found in Dave's teachings. I'd would just recommend he pulls in experts or specialists in areas he is not as well versed in.

Thanks for the message John! Much appreciated!

Tu

Lol

@@alexatedw tfon free drystudystu susu5: ex Sl, G,/koi Ed get

BOTS IN THE COMMENTS

People are really desperate to believe in Whole Life and IULs. Index funds are just too easy for them, I guess. They are probably some of the most pathetic bottom feeders I know.

infinite banking is NOT: An investment, and is only slightly about the death benefit. Infinite banking IS: a way to store your money tax free with compound interest that you can leverage via loans to purchase ACTUAL investments, and use those returns to repay said loans, all the while your money is still compounding as if you never took the money out of your savings. your monetary benefits are what you do with the loans taken out of infinite banking, NOT sitting your money in it and hoping for ROI. thats why its called BANKING. its a BANK. storage. loans. interest. the fact that you said "better off investing" means you dont get what this infinite banking is about. its exactly about leveraging your money for investing purposes at the same time as it is theoretically "sitting" in the policy. Lets say you have a savings account with 0.02 interest. it has $100000. You want to invest, you have to take that 100000 out of the savings to put into investing. that savings acc is now empty and is gaining no interest. replace that savings account with infinite banking and it treats it like there is still 100000 in it, and continues acruing dividends and compound interest even though your money is ACTUALLY in real estate, or stocks.

Thanks for the comment. All the best to you!

Not that I’m with this infinite guy but Ramsey was also wrong about crypto and gold

@@maxthefrenchie4685 Crypto is a bubble about to pop and buying Gold is ridiculous.

@@AlexKS1992 it’s fine I’ve taken profits already but doesn’t mean it’s not a good source of money when it’s hot and yes it is about too pop

@@justinacase2623 Does he make as much as the big banks in the US? Woops guess not. Might want to educate yourself on BOLI. So if you are so smart and have all your teeth which is just a stupid comment on you your behalf, can you tell me why banks buy billions of dollars a year in BOLI and do the opposite of what Dave says

@@justinacase2623 its is the same economic fundamentals no matter how many zeros you add behind it. You are confusing investing and savings and for some reason you seem really mad like when you talk to someone that tries to defend Trump. When you talk about Shark Tank they are talking about INVESTING not saving, when you talk about infinite banking you are talking about a SAVINGS plan making about 4-5% net of market, fluctuations, fees and taxes which equals roughly about an 8% stock market return with much less risk. Keep in mind any individuals or corporations don't invest all their money all the time. Even companies like on Shark Tank, they need a warehouse of wealth to store their money then lend it back to themselves when it comes time to invest that money. Also additional deposit options comes with a death benefit that is usually a multiplier of 2-4 times your cash value. You can also use that strategically with other investments for example a reverse mortgage that is tax free to buy a guaranteed tax free annuity for life meanwhile still utilizing the cash value. Also when you talk about investing keep in mind, if you are investing and someone is bragging about 8% for example in a growth product, that can never be used for anything else along the road as you can never interrupt the compounding or you lose. The infinite banking concept is used from individuals, to individuals with small and larger corporations and big business like banks, they all follow the same fundamentals. Keep in mind I am not saying for example not to invest in to things like people do in Shark Tank but an individual or business isn't investing all their money in high risk stocks all the time to get a high return. This product is actually used to help people invest where they can make their 4% (cash value only) return and wait for say a 50% stock market correction. They then can take the money out of their high cash value policy and invest, they have two options, either take it as a loan to yourself or surrender dividends but that interrupts the compounding and isn't usually recommended you lose long term growth. So overall this is an "and" product, the only one you can borrow up to 90% at anytime and receive return of premiums (or call them dividends once you are above your cost basis). Bottom line that no product can give you everything or everyone would only own that product but whole life is the only product that can give you protection, savings, and growth all the same time, however I at the same time term insurance is a great product and can be a great fit for someone who can't move in to whole life or infinite banking. One read I would suggest for you is "What Would the Rockefellers Do?" It is a great book on transferring wealth from one generation to another and not focusing on corporations but how the family learning the benefits of private banking and handing on generational wealth. Take care of yourself Justin and good luck

@@justinacase2623 you finance everything you buy regardless if you take it from your investments or pay interest to another institution through opportunity cost. Also if you don't think wealthy people buy whole life, where are you exactly getting this stat from can you send it to me please as all I can tell you I know many wealthy people that are saving in saving in this strategy and no it is not from me. Enjoy the book What would the Rockefellers do, they are wealthy by the way, super wealthy. Please forward the stats on wealthy people don't use infinite banking strategies as I would like to have that personally.

@@justinacase2623 but zero debt doesn't mean it didn't cost you opportunity cost to get there, most people don't see the wealth they lose over their lifetime. Having no debt and paying for a car with cash doesn't mean you didn't have opportunity cost, it guarantees you had opportunity costs. That is what you are trying to do is recapture that. I'll check out Chris Hogan but I think he is also a financial entertainer like Dave, not really interested in financial entertainers as they are financial entertainers overall regardless of who they are. Good luck to you Justin

Thanks for the comment/support Mike! Much apprecaited!

Much appreciated!

Thank you! :)

Thanks for the comment and feedback. Appreciate it! :)

Theres a few reason why you would. Those with that much money will eventually max out ROTH contributions, which grow tax deferred. So once you do max that out this is the next best way to grow funds tax deferred and the benefit passes on to your heirs tax FREE. The rich stay rich by understanding how to minimize their tax obligations. Real estate is another common way, which cash value is essentially property, just without the ongoing maintenance. Those with 100K a year to put into some investment vehicle are probably also running business or buying real estate and this strategy allows them to gain a guaranteed return as well as pursue those same business actives. Sure they lose access to some of the funds, but that may not be an issue to those with that much capital on hand. Investment accounts do not have a death benefit, ever. They are only worth what they are worth in accumulated value where life insurance will have a larger death benefit than the cash value primarily in the early years. It is after all INSURANCE. Those with 100K/yr to put into investments are also clearly high income earners and those investment accounts that are not tax deferred will take a fairly big hit once you start to draw on those accounts. Instead of a 25% tax bracket as most usually fall in they would probably be up in the 30 - 37% range, which can be avoided with these policies. Here are the tax brackets in 2022 www.kiplinger.com/taxes/tax-brackets/602222/income-tax-brackets

@@insuranceinsights2619 Run an illustration for 30 years showing the expense of a life policy vs. putting that money into an index fund.....Its no comparison and you know it!

@@adweajarrett8344 I would never say it is a comparable. It is two entirely different tools for different purposes. You would not get the same gains in an insurance product... or the risk.

Thanks Darrick! Appreciate the comment. Would be happy to do a video with you in the future :)

Dave’s not wrong. You can see this is a scam, can’t you?

@@alexatedw the only scam is tooting a 12% ROI without any mentioning of what to invest, how many investments, or what the fees are, by law all life insurance must disclose this information and the purchasing member must sign off on it at least twice. When funds increase in life insurance cost goes down. When funds increase in other investments cost goes up. Explain to me the scam?

@@darrickharris5534 lol you mean just investing in a straight index like the Dow or s&p? You know the market makes a consistent 12%

@@darrickharris5534 it’s a scam because you’re buying two products but only get one. Cash value or life insurance. You don’t ever need whole life insurance. Life insurance is to insure your earning potential during working years. There is never a need for whole life. It’s a straight scam

Agreed! Thanks for adding that point Andy!

You can also do this with some stock companies. I said some, because I only know and use a handful.

Thank you for the comment and kind words! Much appreciated :) I've included videos on maximizing the cash value on a policy and how commissions work below. - kzfaq.info/get/bejne/hb2gpqh0s8nWmn0.html - kzfaq.info/get/bejne/nMuheK2drb_bfKs.html - You can typically borrow ~ 95% of whatever your cash value is. - If you funded a policy with $10,000, the first-year cash value should be ~ $8,500. You could take a loan of ~ $8,000 in this example. Let us know if this helps and if you have any other questions.

@@IBCGlobalInc And if you then die the next day after borrowing $8000, the death payout would be reduced by $8000. Fantastic.

Thanks for the comment... He had a few good points in the video but I would agree with you in terms of admitting to not knowing something instead of attacking it.

Right on Adam! Thanks for the comment and support as always!

Lol! This made the me and the team laugh. Hadn't heard this one before. We stay away from the Mafia :)

You have to remember who Dave’s market demographic is, these products aren’t for everyone, but it can be a incredibly powerful tool when used correctly

We do not charge fat fees...

@@IBCGlobalInc not until you see your account get charge with assets under management percent

@@rolandcheng1515 Thanks for the comment. Whole Life policies do not provide compensation in this manner (Trails or charges for assets under management). The cash value/growth is pretty straight-forward. Below is a video that provides further details on this. - kzfaq.info/get/bejne/epdmgMeLmpimh2w.html

@@IBCGlobalInc he said Fat fees, not flat fees. Sneaky clowns 🤡🤣

@@juanmcoronado87 Thanks for pointing that out! Here's a video that provides transparency on commissions and fees. - kzfaq.info/get/bejne/praAqMio18eRpY0.html

Hi Regina! Thank you for the comment, and good question. Regarding starting a policy, you can start with almost any amount. I've included a video that provides more information on starting with small policies. - kzfaq.info/get/bejne/r5ibmZtpxrfZYX0.html Regarding starting a policy being a good idea... Maybe. We would prefer to show you options and see if you still feel it

Hi Stephen, thanks for the full comment and kind words. Much appreciated. Thanks providing details and insight.

Thanks for the comment. Agreed

As a 17 year old who has been around the basics of Dave Ramsey my whole life I am like. Millionaire by age 65, 50 if I do it well. that's called plan C. This stuff is so powerful, lets get a lot more work done, a lot harder, a lot faster

Thanks for the comment and kind words! Really appreciate it.

Thanks for the comment!

🤣

bruh

😂

Thanks for the comment Stephen. Appreciate the live comment (3 minutes in) and the feedback thus far.

Thanks for the comment. See below. 1-why do we need to go through a life insurance company first?? *** We cannot obtain a Whole Life Insurance Policy unless we go through an Insurance company. 2- The life insurance the agent tells you for how much you qualify let say 500k and let say I have a 100k cash value by the time I die. Would my beneficiary receive 600k or just the 500k ? If not where is the 100k go? *** The Net death benefit only is paid out. The death benefit will grow with the cash value. So, if your cash value has grown to $100,000, your death benefit will likely be at least $600,000 (Probably higher). I've included a video below. - kzfaq.info/get/bejne/hMeFiblmzJ_Rnas.html 3- how long does it take to even have 50k cash value? If I don’t have 50k cash value will i still be able to borrow 70k? *** This will depend on how much you fund a policy with. The maximum loan that can be taken is usually ~ 95% of the cash value. If the cash value was $50,000, the maximum loan will be ~ $45,000. I've included a video that discusses maximizing the cash value of a policy. - kzfaq.info/get/bejne/hb2gpqh0s8nWmn0.html 4-let say they loan you the money from the policy which is 500k remember you don’t have it yet. You borrow a money from a money which you don’t quite have who are you paying the interest to? If it was from your cash value will you still receiving the interest your self? *** We would only be able to borrow $500,000 if our cash value has grown to $500,000. I've included a video that might be helpful below. - kzfaq.info/get/bejne/mrGGerx0uNzanZ8.html

If the whole process is this difficult to explain, probably best to avoid it. I still don't see how this benefits anyone.

Thank you for the comment. Fully agree. He's done a lot of good for people, and will likely continue to do so.

Thanks Bee!

It’s very evident that you don’t understand the concept at all. Just demonstrated your ignorance.

Thanks James!

@Oregon Cash Flow Pro: I enjoy your content as well.

@@darrickharris5534 ❤️

💯

Thanks for comment! Appreciate the support, as always :)

Thanks for the comment Travis. All of your points are accurate.

Wow, thanks for the comment Cliff!

Lol

Uhmm... All the banks sell it because it's making THEM a profit.. Duh...

Thanks for the comment KB Team! Much appreciated!

Hi Ronald, Banks will typically purchase cash value life insurance from top tier insurance companies. Banks may broker insurance but do not, and cannot, sell the type of cash value policies they own to the public. I've included a few videos below to provide more information. I hope this helps with your research. - kzfaq.info/get/bejne/mtZdjNR30pyXmnk.html - Drawbacks to Whole Life Insurance. - kzfaq.info/get/bejne/odtyYKmWnJyrqX0.html - What is BOLI. - kzfaq.info/get/bejne/m8eklKmlvbaWhp8.html - Corporations & Whole Life Insurance.

same, i loved listening to him circa 1998. young starting out i needed the structure. now he just seems so stuck in his own thinking that anything contrary to his ideas are bunk. i have credit cards, i have IBC. without them i would actually be in a worse position. discipline is needed. he is more of an authoritarian than he needs to be. very off putting in his demeanor.

Because they get a piece of all of it.

Thanks for the comment. As we mentioned in the video, we agree with Dave's teaching on helping people get out of debt.

Speaking of scams. Just look into all the crappy stuff that Dave Ramsey promotes to get his kicks while not being accountable. I bet if a whole life companies paid him enough he'd love them.

Thank you! :)