Thanks Caleb! This turned out really well. It was fun to chat, and I'm glad we could connect. I'm grateful for the opportunity, and I hope this helps provide value and clarity to your audience. :)
I don’t like the fact that the death benefit begins so low when there are many other companies that begin at a higher death benefit for the same 10k. I wonder which company is this example from??
The IRR in a whole life policy is terrible (although better than a HYSA). If you just leave your money in the policy and never take a loan then you are losing wealth over time. You should have just bought a traditional 100% base policy and maximize the irr of the death benefit if you never plan on leveraging your policy. If you do plan to leverage your policy to buy cash flowing assets it can work! It never made sense to me taking policy loans to pay off debt! Cash is trash but cash flow is king! Whole life can work to build cash flow.
How in Gods name do you get a better IRR with a full base policy?? lol that doesn’t make much sense at all lol if you don’t have any PUA there’s no possible way you will have a higher IRR you will just have really expensive ass insurance lol although I don’t disagree that if your not going to use it and if all you care about is rate of return then you probably shouldn’t do whole life period all base included
@@hanswhite Well You still get a better IRR on your death benefit when you set it up as a banking policy anyways and just never touch the CV because all your money is going towards PUA so and dividends reinvest back into more PUA so all of that is continuing to increase your DB by more than your CV anyways so regardless of how you use it when talking just in terms of IRR that is the best way to design period.
Taking policy loans to pay off debt is a valid strategy. Just like you would use investment income to repay policy loans, you would redirect the monthly payment on the loan you discharged and pay it back to the policy. It's a great idea if you have high interest debt like credit cards.
I would personally take out an SBLOC than try infinite banking with an insurance as a means of arbitrage. At least it’s more transparent than dealing with the hidden costs and expenses on a Life Insurance Policy.
Thanks for this video. Infinite banking is not for me, but I do have a whole life policy that I've been paying in to for about 16 years. Are the dividends in the illustration used in this example guaranteed? For my policy, the actual dividends are anywhere from 40% to 70% smaller than what was projected when I bought it. Thanks to compounding, this has been (and will be) devastating for the long term cash value and death benefit.
Thank you so much for the info. I'm currently in the process of opening my policy. Just had my nurse visit today. After watching this episode though I'm second guessing about doing a dump in and just do 5k/yr and invest the rest in an index or mutual funds. It's so overwhelming trying to set myself and family up for the future and future generations
Do you feel good about the person you working with? I would recommend really getting clear with your objectives first and foremost. If you want to talk to someone on our team about your situation before making a decision we would be glad to help.
@BetterWealth in working with Chris naugle and their team be your own bank. I want to recapture some money, but I also want to invest. I was going to design a policy with a 15k dump in and 5k a year after. Just wonder if I should take the dump in money and invest it in let's say index funds and also design the policy without a dump in
If you factor in inflation, which we know is a real thing, not imaginary, it puts dump ins in perspective, especially the Guardian 50 to 1. Overfund yes, but 90/10 , 85/15... The 50x doesn't hold water in comparison
Thanks Caleb! This turned out really well. It was fun to chat, and I'm glad we could connect. I'm grateful for the opportunity, and I hope this helps provide value and clarity to your audience. :)
Absolutely! Thank you for joining me and helping set the record straight ;)
I don’t like the fact that the death benefit begins so low when there are many other companies that begin at a higher death benefit for the same 10k. I wonder which company is this example from??
Once again great content. This was a big help.
Means a lot coming for you! Thanks so much for commenting man 🙏
Awesome content guys! Great job 😊
Thanks so much for watching!
The IRR in a whole life policy is terrible (although better than a HYSA). If you just leave your money in the policy and never take a loan then you are losing wealth over time. You should have just bought a traditional 100% base policy and maximize the irr of the death benefit if you never plan on leveraging your policy. If you do plan to leverage your policy to buy cash flowing assets it can work! It never made sense to me taking policy loans to pay off debt! Cash is trash but cash flow is king! Whole life can work to build cash flow.
How in Gods name do you get a better IRR with a full base policy?? lol that doesn’t make much sense at all lol if you don’t have any PUA there’s no possible way you will have a higher IRR you will just have really expensive ass insurance lol although I don’t disagree that if your not going to use it and if all you care about is rate of return then you probably shouldn’t do whole life period all base included
@@UltimateWealthPros I'm talking about designing a policy for maximizing irr on the death benefit. I wouldn't use it as a banking policy.
@@hanswhite Well You still get a better IRR on your death benefit when you set it up as a banking policy anyways and just never touch the CV because all your money is going towards PUA so and dividends reinvest back into more PUA so all of that is continuing to increase your DB by more than your CV anyways so regardless of how you use it when talking just in terms of IRR that is the best way to design period.
Taking policy loans to pay off debt is a valid strategy. Just like you would use investment income to repay policy loans, you would redirect the monthly payment on the loan you discharged and pay it back to the policy. It's a great idea if you have high interest debt like credit cards.
I would personally take out an SBLOC than try infinite banking with an insurance as a means of arbitrage. At least it’s more transparent than dealing with the hidden costs and expenses on a Life Insurance Policy.
Thanks for this video. Infinite banking is not for me, but I do have a whole life policy that I've been paying in to for about 16 years. Are the dividends in the illustration used in this example guaranteed? For my policy, the actual dividends are anywhere from 40% to 70% smaller than what was projected when I bought it. Thanks to compounding, this has been (and will be) devastating for the long term cash value and death benefit.
Thank you so much for the info. I'm currently in the process of opening my policy. Just had my nurse visit today. After watching this episode though I'm second guessing about doing a dump in and just do 5k/yr and invest the rest in an index or mutual funds. It's so overwhelming trying to set myself and family up for the future and future generations
Do you feel good about the person you working with? I would recommend really getting clear with your objectives first and foremost. If you want to talk to someone on our team about your situation before making a decision we would be glad to help.
If you want to chat with someone on our team you can use this link www.betterwealth.com/clickhere-life-insurance
@BetterWealth in working with Chris naugle and their team be your own bank. I want to recapture some money, but I also want to invest. I was going to design a policy with a 15k dump in and 5k a year after. Just wonder if I should take the dump in money and invest it in let's say index funds and also design the policy without a dump in
@@carloscamacho8802 Did you decide to get the policy?
If you factor in inflation, which we know is a real thing, not imaginary, it puts dump ins in perspective, especially the Guardian 50 to 1. Overfund yes, but 90/10 , 85/15... The 50x doesn't hold water in comparison
WL is a foundational asset that allows you to live a lifestyle of peace of mind.
I love how calm and collected you are compared to those clowns raising their voices. They remind me of mega church pastors