What are some ways to create cash flow outside of wall street? Comment below! Learn How to use Whole Life Insurance As A Cash Flow Investment: th-cam.com/video/HDORbHQqOLA/w-d-xo.html Let's discuss your finances or life insurance business - click on the scheduling link in the description.
@@TerryAllison what I mean is that many people preach that you should run all your Cashflow through your policy, including expenses (like utilities, etc ..). The idea is that you put into a policy, then borrow against it and pay your bills .... horrible idea IMO
Depending on the size of the policy, and how healthy you are, there are some express underwriting options. Feel free to email Chris@life180.com with specific questions
One downside to the CVLOC is most banks require a minimum of $60k in cash value which can take several years to reach depending on your annual premiums. I also believe you can deduct the interest charged by the bank if it’s used for business activity which is another bonus
Yeah, I have a bank that will do it at 35k. But yes, you do have to build up capital to start with a CVLOC. Interest should be deductible if you use for business!
What are some ways to create cash flow outside of wall street? Comment below!
Learn How to use Whole Life Insurance As A Cash Flow Investment: th-cam.com/video/HDORbHQqOLA/w-d-xo.html
Let's discuss your finances or life insurance business - click on the scheduling link in the description.
So amazing!
Damn! you are the first video i found to explain it very well, THANK YOU!!
You are welcome
Please define what you mean by running your expenses through the policy. Perhaps an example or two
@@TerryAllison what I mean is that many people preach that you should run all your Cashflow through your policy, including expenses (like utilities, etc ..).
The idea is that you put into a policy, then borrow against it and pay your bills .... horrible idea IMO
@@LIFE180 Yes, bad idea given human nature.
Awesome video, explained the IBC concept crystal clearly
I have nelson Nash's book
Just another AWESOME video Great Information!
Do you need a medical examination for these types of policies? Is there any way to get around that if so.
Depending on the size of the policy, and how healthy you are, there are some express underwriting options. Feel free to email Chris@life180.com with specific questions
One downside to the CVLOC is most banks require a minimum of $60k in cash value which can take several years to reach depending on your annual premiums. I also believe you can deduct the interest charged by the bank if it’s used for business activity which is another bonus
Yeah, I have a bank that will do it at 35k. But yes, you do have to build up capital to start with a CVLOC. Interest should be deductible if you use for business!
@@LIFE180 oh sweet that’s encouraging to hear. I would be able to do that after my next premium payment.
@@LIFE180 Do you mind sharing which bank has a 35k minimum?
@@dylanrobertson68 email me - chris@life180.com