Cash Flow Banking Explained Simply / Garrett Gunderson

[@angelchy14]

This is great content and information. My only “critique” is to allow your guest speak. It seems like you cut him quite a bit. I saw it in a few other videos as well.

[@iprimadonna1111]

This is highly appreciated. I’ve seen other KZbinrs talk about this over the years but they never explained it like this and it seemed illegal lol. But you made it make sense. Thank God for you and your channel. I have subscribed.

[@SugarRimBar]

This is the video I've needed my ENTIRE LIFE!!! I just downloaded Killing Sacred Cows and What Would The Rockefellers do? Going to purchase the book. I would pay for the shipping...lol. I built a successful multiple 6 figure business...but..NO ONE SHOWED ME WHAT TO DO WITH MY MONEY!!! Thank you for ALL THE WORK THAT YOU'RE PUTTING IN TO HELP OTHERS! I look forward to actually getting to meet you on day to tell you in person!

[@GarrettGundersonTV]

This is AWESOME. Thanks for letting me know.. Enjoy the books and this channel.

[@surendrashekhawat4155]

SugarRimBar do u only pay for shipping when u purchase from Garrett’s website ? 😒

[@lgpaxton1264]

I am taking a finance course & was not shocked to find the main stream teaching on Life Policies - "Cash value is more important than death benefits. Insurance costs and policy fees make life insurance less suitable for savings or investment purposes than other financial products. Be alert for customers who seem more interested in the policy’s cash value or its loan or withdrawal options than its death benefit."

[@dmoon9037]

05:25 what are the best states (most favorable to the policy owner/beneficiary) for cash flow banking WL policies?

[@ninailic9906]

The link for the book is "blocked due to riskware"...

[@firstlast3192]

Can this buying of a whole life insurance policy be beneficial to do at age 61?

[@GarrettGundersonTV]

Answered in a different comment for ya!😀

[@firstlast3192]

@@GarrettGundersonTV I scrolled thru and could not find it. Which one was it so I can search for it. Thanks.

[@grumylynn]

Great information. I have a couple of modest whole life policies and didn't realize their value . Dang! I'm so glad I found your channel Garrett Gunderson!

[@GarrettGundersonTV]

Love it. If you want to review and improve those policies go to CashFlowBanking.gg

[@lionheart93]

How much life insurance policy coverage would be the rule of thumb if living in california and wanting to add properties to my portfolio?

[@Okalaification]

Le0 there are too many variables for a “rule of thumb” - I’m a licensed professional in this field. Let’s chat! [e-mail]

[@michaelstefano3780]

Free advice, worth every penny.

[@markf.2050]

Beware of free advice that asks you to spend a lot of money where the salesmen make huge commissions!

[@yvonnehyatt8353]

Thanks Garrett 🌎

[@GarrettGundersonTV]

You are welcome.

[@ModernInvestingPodcast]

@KINGME I would have to agree! When setting up your Max funded whole life insurance policy, when are you allowed to start taking advantage of the insurances “cash” for those investment purposes alongside those hard times at which you will be paying back to fund the policy again?

[@audreyl704]

by 10-15-20 years it grows maybe 15-20% rate of return --- so if you put in $100,000 might grow to 200,000? so you can only takeout what you put in ? $100,00 and you leave the $100,000 to pay your life insurance. an I withdraw my cash value from life insurance? Generally, you can withdraw a limited amount of cash from your whole life insurance policy. In fact, a cash-value withdrawal up to your policy basis, which is the amount of premiums you've paid into the policy, is typically non-taxable. ... A cash withdrawal shouldn't be taken lightly.Jul 24, 2020 Can I Cash in a Whole Life Insurance Policy? | Farm Bureau ...

[@audreyl704]

so you invest on the $100,00

[@WeeraSalsa]

Hello Garret, I was reading about Rockerfella's family history, then youtube directed me to your channel. Bingo…. I found someone talking some sense, needless to say, that, I’m reading your book & researching more on your materials. many thanks, these concepts are proven lifesavers, if we use them wisely, as you explained in your book. Many thanks for sharing your knowledge. Pradeep W, from Dubai.

[@raymondh.462]

Did you implement any Rockerfellar family strategies yet?

[@Je.rone_]

It seems like a very interesting system I'll have to look more into that in the near future

[@rageorge1369]

Black Vito - Moneyology this is also called Infinite Banking Concept or IBC. I learned this through other channels and I am about to be a year into my policy... it works beautifully. You may want to check IBC Global as he goes really deep on how it works and strategies to use it, very detailed and I highly recommend their content.

[@Je.rone_]

@@rageorge1369 thanks I'll check it out!

[@AfroSenpai]

I will be doing this in the future, stay tuned to my channel I am documenting everything

[@lionheart93]

@@rageorge1369 how long must you have had with the whole life before u can pull out a loan against it?

[@rageorge1369]

@@lionheart93 as soon as you fund through what they call as PUA's (paid-up additions) you can use that money. I went really aggressive the first year and fully fund it in one shot, but on the second year I took it a little slower. It takes about 5-7 business days to get the money, so it is not as fast as going to the ATM or the bank but it is still pretty liquid and grows at a better rate than the bank.

[@donyemonroe4577]

Why you guys never mentioned the name of any Life insurance companies

[@GarrettGundersonTV]

I have in several responses to comments. The problem is design and right company. Go to Cashflowbanking.gg and they can point you in the right direction with the right design.

[@donyemonroe4577]

Thanks

[@tbobmann229]

Thank you for this information!.. Getting your book! Awesome find!

[@GarrettGundersonTV]

Awesome! Thank you!

[@kingme6109]

He looks like the financial Jesus my man

[@GarrettGundersonTV]

Amen! Hahaha

[@pauldansby8285]

@@GarrettGundersonTV hahaha funny

[@MimiMhair]

Lmao that was hilarious 🤣

[@Paths2business8406]

Haaaa good one!😂

[@dmoon9037]

He’s in the FinJeez sector

[@malcommedrano964]

Garret, I just want to say thank you. For sharing your knowledge with us all. I will order your book and hopefully my family and I will maintain and enjoy our family bank. Be blessed in all you do. Mally

[@GarrettGundersonTV]

Love it, you can get my newest book at budgetingsucks.com. Keep me updated on your progress. I appreciate it.

[@nicholasolivas317]

I thought once you cash put a whole life insurance policy you have to pay it back?? Also don't one has to make payments when buying a whole life insurance policy? How does it accure interest?

[@diegomarquez9505]

Bro, do you have some guides as to which companies are better for the type of Whole Life insurance.

[@GarrettGundersonTV]

check out www.cashflowbanking.com

[@dirksteffen5598]

can I buy within a cooperation

[@Atem_S.]

Finally, someone that's speaking what am trying to say... How can the bank seize your money if you own the bank in which your money is in...

[@GarrettGundersonTV]

Nice.

[@Atem_S.]

@@GarrettGundersonTV With pleasure!

[@markf.2050]

Are you kidding? Banks don't seize your money. Insurance companies seize your cash value when you die. Didn't you know that?

[@Atem_S.]

@@markf.2050 What insuarance cie??? Not everybody has a insurance... Don't YOU know that??? The bank freize your asset and wait for the legal procedure for the succession to claim it! If no one does, after a certain amount of time, the keep the money!!

[@markf.2050]

You don't own the bank and you don't own the insurance company either. Having a cash value doesn't make you your own bank and having a savings account doesn't make you your own bank either. I just know that I would rather my savings be in a regular bank account (at Ally) instead of a whole life cash value because the money is MINE and I can do what I want with it. My savings account also has designated primary and secondary beneficiaries. There will not be a situation where I die and no one claims the funds. If you die with a cash value policy it will not be your heirs that claim it. The insurance company will keep 100% of it and only pay the death benefit.

[@warthumbz]

Thanks for the idea on low commission WL. I've been selling Term only for last 13 years- I've never seen a policy structured the way explained. Is there a policy I can see? One thing I've learned is that the bold print giveth and fine print taketh. Always looking to learn!

[@GarrettGundersonTV]

Great point. FreeWWRD.com has some illustrations and cashflowbanking.com

[@angelfromchi954]

How do I find the right person to help me set this up? Is there a company or person that you would recommend?

[@Okalaification]

AngelfromChi 95 Hey! There are very select companies I’ve heard Garrett talk about that are best for this kind of thing. 2 of which I contract with are Lafayette Life and Mutual Trust Life. They’re “mutual” companies meaning the policyholders are owners so they have dividends and the policies themselves must be designed carefully to maximize cash values. I’d love to chat - to show you a report and illustration to accomplish what you’re looking for. Give me a shout: [e-mail]

[@mammlouk]

@Garrett Gunderson - Do you have any resources that talk about tax costs and overhead for actual cash withdrawals? The problem I have when I think about the benefits of Whole Life is that I struggle with the idea of always borrowing against my own money instead of actually using my own hard funds. I'm pretty sure this is a mental/emotional hold over from growing up in a traditional home that wasn't financially savvy. Any advice on getting passed this block or better understanding the risks/rewards/pitfalls?

[@GarrettGundersonTV]

Go to cashflowbanking.com. They can get you more resources and talk with you to get more details than I have.

[@drdallen]

My only issue is the interest paid to the insurance company when I want to access my money- even my NW mutual agent recommends a 401k loan over policy loan as policy loan rate is 8% and similar rate for 401k loan except that the interest pain goes back to the 401k What’s the advantage of becoming your own bank if you have to pay high interest rate on the money you are borrowing against your policy when money can be lended cheaper like a bank using your policy cash value as collateral?

[@GarrettGundersonTV]

I'd use the cheaper money for sure. 8 percent is high. I just did a policy loan for under 5 percent. The 401k loan may have more strict payback provisions and also you are using list tax dollars to pay back pre tax funds. But I hear you on 8 percent.

[@ninobk196]

Subscribed. Garrett, I have heard 1K times that the insurance policy needs to be structured properly. So how do we ensure that the policy is structured properly? Is there a company you recommend, Universal Life for example, and who to work with?

[@GarrettGundersonTV]

Cashflowbanking.com. They know!

[@subrinsgooden9369]

What's the name of insurance company your using

[@GarrettGundersonTV]

There are 5 different ones I have policies with. CashFlowBanking.com, they can write with the best companies and do not have to represent just one.

[@subrinsgooden9369]

@@GarrettGundersonTV thanks I'll look it up

[@rimaalexanian7781]

you have to accumulate money in your whole life policy to be able to borrow it. you dont get to borrow any amount you want if the cash value is not there.... how is this again a better way to save $ ??? i m borrowing my own $ & paying % back to the insurance co..

[@iAmpedrosilva]

This is what I’m trying to understand as well

[@jessicacalderon3468]

Is there any way to get a hard copy instead of a digital?

[@GarrettGundersonTV]

Of which thing?

[@ylmilm6285]

How is this better than an IUL if both are structured correctly being max funded over 5 years with the death benefit squezzed down as low as possible? It seems like both work pretty much the same way.

[@GarrettGundersonTV]

IUL can work but has current cost versus guaranteed (which can be much higher). That is one big difference. There are more. I have a video in the 10 things to watch for with UL.

[@namhamada7553]

Adm fees, process and etc

[@gripdriver09]

I am so glad I found this information this year, I finished killing sacred cows and now I’m on “what would the Rockefeller’s do”. I have a meeting with a whole life Insurance rep coming up, and this is good info but do you have a place where it is laid out what exactly to look for in a whole life insurance policy or how to structure it?

[@GarrettGundersonTV]

Cashflowbanking.com is a great resource. Also, there is a 200 dollar course that wealth factory sells. [e-mail]

[@GarrettGundersonTV]

Here is a great resource mandrillapp.com/track/click/30820870/wealthfactory.com?p=eyJzIjoiN3dTMGNKazFDRE9qOEJ5QWdLVlBzay11NFBnIiwidiI6MSwicCI6IntcInVcIjozMDgyMDg3MCxcInZcIjoxLFwidXJsXCI6XCJodHRwczpcXFwvXFxcL3dlYWx0aGZhY3RvcnkuY29tXFxcL3RvcGljXFxcL2NmYlxcXC95ZXNcXFwvP3V0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPWNmYi1zZXJpZXMmdXRtX3NvdXJjZT13Zi1saXN0JnV0bV9jb250ZW50PWNmYi1pbnRyby0zJmNpZD00NzQyNjJcIixcImlkXCI6XCJiNzFkYjNhNjQzNmE0ZDNkYTgzYjVmOTk2MTM3NDRlMVwiLFwidXJsX2lkc1wiOltcIjQ3NjhmMmRmYjNhOWQ2Y2QxMWNkNTM3NDQ2OTNhZmI5NTMyMGVjZmJcIl19In0

[@Mrspadaford]

Most agents don’t sell this design - to be fair they aren’t trained to. It pays the agent 20%-30% of what they would normally earn (commission). Commissions aren’t evil but Should be kept to minimum. Thats what we have to do if we want to build policies that will have immediate cash value. Thats designing a policy in the clients best interest. In the weeds - In essence, you want a participating whole life policy with a super flexible paid up additions rider. If possible you want 80% of your contribution/premium to be coded as PAID UP ADDITIONS. For efficiency sake, you want a minimum death benefit for the whole life policy with a term life rider to allow you to contribute up to a higher IRS MEC limit on the policy. Use an independent broker that isn’t a career agent (like northwestern). Someone that can compare and sell mass mutual, PennMutual, guardian, one America, and Ohio National. For 2020, Ohio national, mass, and PennMutual have the most competitive and flexible overfunded whole life products. Good luck.

[@Re3iRtH]

@@Mrspadaford Who is the ideal client to be getting into cash flow banking?

[@Mrspadaford]

Re3iRtH I can’t speak on behalf of cash flow banking and what their ideal client looks like. I can say overfunded whole life insurance is typically suitable for someone who is coachable and wants advice on saving efficiently. Typically, its people that are insurable according to life insurance underwriting. They would have to be able to afford easily saving 5-10K/year by having enough income or assets that can provide the minimum required capital to build a policy. So I’d say - Coachable, healthy, and is a disciplined saver.

[@thealgorist4160]

One of my major issues with this is that the premium increases as you get older. I remember looking at the numbers for whole life, VUL, and IUL and I couldn't figure out how people make money unless everything goes exactly to plan. I'd like to walk through everything with one of the wealth factory reps.

[@juanperalta5115]

I’m pretty sure it’s supposed to be the same premium for the rest of your life

[@natashasmith7181]

You can set it up so that you stop paying a premium at a certain age

[@jeffreykamke]

If structured correctly the premium stays the same or in some methods can decrease to only the base premium as the pua drops off between years 5-7 for most efficient use of the money

[@dmf5rn]

Need to find the right person to set it up for you

[@justincoffman4508]

Actually, my premium stay level for 10 years and then decrease on my whole life policy!

[@jonathancurley6835]

Hi live in the UK is there anything like this in the UK.

[@GarrettGundersonTV]

Not that I know of, unfortunately

[@thestreamreader]

Is this also called infinite banking?

[@a1ironzyzz673]

Yes

[@markjohnson3192]

Is this offered in canada? If yes, what's it called

[@GarrettGundersonTV]

Yes. The guys at cashflowbanking.com have people in Canada.

[@markjohnson3192]

@@GarrettGundersonTV ok thanks. I'm in Toronto.

[@davidsonbernadin5539]

@@markjohnson3192 Another Torontonian! My girlfriend is from Toronto so we are there quite often (every other weekend) but we live in Ottawa. What do you do man?

[@PerryMatt]

Hi Garrett Does this system works in Australia? If YES, how do I get in touch with you or one of your members to move further? LOVE your work

[@GarrettGundersonTV]

It used to easily work in Australia but then the law changed over a decade ago. So you’d have to set it up in US or Canada.

[@PerryMatt]

Thanks Garrett. How can I contact any of you guys? Thanks

[@cottageworksdesign7375]

Can you elaborate on the 400-800% reference made several times toward the beginning? What is that calculation based on- the fact that CDs only pay 1%?

[@GarrettGundersonTV]

Cash value with dividends when properly funded can get you 4-5 percent instead of .5 to 1 percent.

[@cottageworksdesign7375]

@@GarrettGundersonTV Got it- thanks! I appreciate these videos! I read your book and should be in a position to set up my first policy later this year.

[@GarrettGundersonTV]

Sweet. Congrats.

[@DioxiMartinez]

Oh that's what he said. I am glad this comment clarified it. I replayed thinking I heard "forty eight hundred percent." Was bewildered.

[@templartunon6996]

Garrett Gunderson are you allowed to take out your own money toward the end of your policy tax free?

[@jonnyharvell7591]

How can someone loose money in this scenario - insurance company goes bust? Which product is better than another - many companies offering this product…

[@DesmondADouglas]

I definitely understand the concept, and what makes this a great opportunity, but what isn’t made crystal clear (in the book and your videos) is the specific type of policy you use. I’m aware of mutual insurance companies that share profits with policyholders, but which policy at which company can I implement this strategy of overfunding my life insurance policy, while being able to borrow money that won’t come directly out of that policies cash value??

[@GarrettGundersonTV]

Cashflowbanking.com

[@GarrettGundersonTV]

CashFlowBanking.com

[@ChrisOsborne]

I'm living in the UK and looking into this but none of the companies mention any of the benefits that you describe, do you have a link or something that is specific to the UK?

[@GarrettGundersonTV]

Can’t do it in the UK. You can travel to US and set it up.

[@ChrisOsborne]

@@GarrettGundersonTV ok thank you and thank you for your valuable information. I am using your cashflow and investment index tools in my financial decision making

[@GarrettGundersonTV]

Love it.

[@mikedickson6362]

Can you do it if you are in bad health?

[@Okalaification]

Mike Dickson Yes. Even if you aren’t the insured, you can always be the policy owner

[@iancant7083]

Can this be done in other parts of the world like New Zealand?

[@GarrettGundersonTV]

In some parts not all.

[@notoriousdjones]

Is this the same as bank on yourself?

[@brianherman3995]

who can I speak to set mine up properly?

[@Needtoknow208]

Is there a tax it vantage to funding a whole life policy?

[@GarrettGundersonTV]

Not on the front end, after tax dollars that grow with tax advantage.

[@donyemonroe4577]

Name some great whole life insurance company to use cash flow banking

[@GarrettGundersonTV]

CashFlowBanking.gg has them all.

[@kakatweserans]

let the man speak

[@GarrettGundersonTV]

I'm the worst....good point.

[@natashasmith7181]

I need an accountant recommendation

[@eckz8659]

How's this different from a 401k?

[@GarrettGundersonTV]

401 is tax deferred and has penalties. Lots of differences. I can do a video.

[@eckz8659]

@@GarrettGundersonTV I was going to pitch this to the wife and I can already see her asking "how's that different than a 401k?" So I thought ahead and decided to ask. A video would be great.:) Thank you for responding!

[@kjw7815]

Hey Garrett, Are there Over Funded Whole Life Insurance policy's in Canada? I'm curious as to what company's offer these policy's and which would you personally put your closest friends in touch with? Thank you for giving people hope.

[@GarrettGundersonTV]

Yes. If you want to get in touch with our contact in Canada go to CashflowBanking.com and set up an appointment.

[@jdubs7021]

I've had two of these policies for 5 years and they've worked very well. I can take loans at 5%, but my cash value grows at 5.75% (4% guaranteed interest and 1.75% dividend). I look at it like a high interest savings account and the tax benefits and flexibilty are awesome!

[@GarrettGundersonTV]

Love it. Thanks for sharing

[@mbaguy627]

@J Dubs. Can you share the policies you have used, please?

[@demon66685]

How much is your fees? What is the tax rate when you pull money out?

[@zer05tar]

Yes, but WHO structures them well? WHOOOOOOOOOOOO???!!?!?!?!?!?

[@Okalaification]

zer05tar 🙋🏿‍♂️

[@yvonnehyatt8353]

Thanks Garrett, Please help Gary Stevensen thanks 🌎

[@MyRadicalWealth]

signed up...listen to your audio book.

[@GarrettGundersonTV]

Love it. Welcome!

[@edcollier2526]

I've looked at three different companies that offer a WL policy for this specific purpose and ALL of them charge a HUGE commission/policy charges for the first 10 plus years and the policies are never paid up in full. I'd like to see you post an actual illustration that benefits the consumer with lower, more reasonable insurance costs.

[@GarrettGundersonTV]

Yes. Too many are high commission low cash. Has to be overfunded with PUA and the right company. 90 percent of the time it is not. Cashflowbamking.com

[@edcollier2526]

@@GarrettGundersonTV I hear that all the time, "has to be structured properly" however, I have yet to see an illustration that is structured to benefit me, vice the corporation?! Anyone wanna give it a try?

[@GarrettGundersonTV]

Cashflowbanking.com. Look into private placement insurance as well (has minimum requirements).

[@tracystjohn1957]

​@@edcollier2526I agree with you 100%. " Structured properly", is a catchphrase I hear a lot on a number of KZbin sites.

[@markf.2050]

That is a catch phrase meant to indicate that only that particular salesman can do that for you and thus you must buy it thru him. You will lose money on all of them. Compare the benefits of "storing" your money in a bank such as Ally to storing it in a whole life policy. Also compare what you can expect to achieve if you go the "term and invest the rest" route. Bottom line, look very carefully at the $$ before you commit. Whole life is a long, long term commitment and very costly to back out of if you change your mind down the road.

[@tomyshaw977]

Really true

[@Mrspadaford]

Great video GG

[@GarrettGundersonTV]

Thanks.

[@DioxiMartinez]

Repetition is so powerful. I read the book, I have listened to the concept explained, and yet nuanced elements pop like never before upon hearing it again. Looking forward to loading up my policies and seeing this concept in action. What would be the best way to be sure they are designed properly, I wonder.

[@GarrettGundersonTV]

Cashflowbanking.com and secure an appointment.

[@datsun370z]

Why doesn’t cash flow.com/wwrd work?

[@GarrettGundersonTV]

Is that the site I mention? Cashflowbanking.com or freewwrd.com

[@datsun370z]

In the book "what would the rockefellers do" I think it mentions cashflow.com/wwrd

[@cmitchellangelo]

Hey Garrett, reading "Become your own Banker" by Nelson Nash. Great long term ideas. Off hand, will using my 10 month old daughter in the policy verses myself at 35 be much different? I have my second call with a person I found on Cash Flow Banking tomorrow and just want to be more prepared.

[@cmitchellangelo]

Also, what is the rider that we need attached to the policy? I remember reading about it, but can not find the name.

[@cmitchellangelo]

Not a quick and easy question I presume.

[@pinedaurtiz]

I have been doing this for 4 months and this infinite banking concept works great I ve learned a lot from all the videos available

[@jdubs7021]

@@cmitchellangelo You may be thinking of the "Paid Up Additions" Rider.

[@Roostars]

I got here after reading your article. Paying Off Your Mortgage Early Will Destroy Your Finances.

[@mmmmkay4773]

Until you lose your job and then your house because you can't pay it. Id rather choose the pay off instead. 🤷🏽‍♀️

[@Roostars]

@@mmmmkay4773 Yeah I just got myself into a 20 year loan and if I play my cards right, I can pay it off sooner. I'm trying to stop paying money to the man. 😆

[@samsciascia4004]

@@mmmmkay4773 You can use the CV to do it once you capitalize it.

[@faithhopeyascone4816]

Can I work for you for free so I can learn 🎓

[@GarrettGundersonTV]

Shoot an email to [e-mail] and let’s see.

[@successachiever-rakeshkuma6804]

Nice explanation

[@GarrettGundersonTV]

Thanks.

[@LeonMclean1]

What about the high fees to pay the high commissions to sales people. Plus the fact that they keep the money that you paid in when you. They only pay the face value. Dave Ramsey tells people to avoid this all the time...

[@GarrettGundersonTV]

I get why he tells people to avoid this. 1- He has been partial to the stock market in the past. 2- His focus is on reduction of expenses and he considers insurance an expense. I would agree with him on how it is designed by most. With the Majority of companies. But overfunding, with the right company, in the way I talk about it here........this lowers the commissions substantially and increases the cash value.

[@LeonMclean1]

@@GarrettGundersonTV thanks for taking the time out to respond. I dont think there is a right or wrong, just preferences in style (defensive/offensive).

[@smileyb1477]

This is mostly a wait and see system. mainly for well to do persons already maxed out on other wealth saving vehicles. Average person need to be young and wait at least 10 years to benefit. Also, good luck on finding this product "properly arranged' as spoken about in the video unless you have financial advisors working for you..

[@GarrettGundersonTV]

Definitely plenty of policies not designed properly. But. So many people are getting better at design and more common

[@kwonjeong8254]

Hi Garrent, I really appreciate you for all the valuable information that you providing and I'm learning and expanding my brain about finance and insurance. Insurance was something that I was interested for a while and I signed up for one of the policy about 3 years ago but I didn't have enough sufficient fund to fund it for the last few years. I came to realized the insurance policy was universal when I thought it was whole life insurance. Will you please kindly give me an advice how to proceed with this matter. Thank you for everything Garret. Hope to hear soon. Have a good day.

[@namhamada7553]

Life insurance fees are so much thru my experience!

[@cryptoconsultant9681]

I'm trying to see what the UK equivalent of this is

[@GarrettGundersonTV]

I am not sure, don’t know enough about the vehicles in UK.

[@kelvinnguyen6048]

Thank you

[@GarrettGundersonTV]

You are welcome.

[@igotstoknow2]

Whole life is great for insurance companies: hundreds of dollars per month, interest paid on loads, and higher premiums with older age.

[@GarrettGundersonTV]

If you start when older premium is higher per 1000 of death benefit. You don't have to loan either.

[@alancosens]

Book download links go to 404

[@GarrettGundersonTV]

Thanks for letting us know, I will get this updated. garrettgunderson.com/offer

[@barberian2525]

future reference can you let the interviewee talk? stop over talking him and taking over. whats the point of bringing in people to interview if you just going to take over. other than that good vid. i wish he finished his spill though.

[@codryatho10]

I was about to comment this. Found this channel today and have watched 3-4 videos because they are very informative but it drives me insane when he talks over the guest. Not going to make me stop watching by any means just a tad annoying.

[@l.j.2917]

I totally agree.

[@tinathompson9153]

My sentiment as well

[@iAmpedrosilva]

I agree

[@heyerstandards]

These high cash value, whole life policies are great places to store CAPITAL, money stored up in anticipation of future uses.

[@GarrettGundersonTV]

Yep.

[@cerebralcaustic]

Explain how it's tax free because it's classified by the IRS as a refund of overpayments

[@michaelstewart1838]

Structure of policy is Important. This dude talks a lot with lil substance... If you got his books for like $30, they're all offered at shipping cost only most of the Time, he's gonna repeat himself.......... Ad nauseum. If you know nothing, he can be beneficial to gain some knowledge. After that he just repeats himself, Constantly. All the books are rehashings of the book before. God bless him and do your own Research. ✌️

[@michaelstewart1838]

@Cerebral Caustic. His videos are also Repetitive, same question same vague answers. Over and over again, at least that's what I've seen for a season ( a yr or so, all the videos are the same,) maybe it's different now and he addresses questions directly instead of sprouting salads outta his Face. Do your own Research and Be Aware. P.s. This dude ain't Bad, just Repetitive. Perhaps time is better Spent Elsewhere. 🤷‍♂️....... ✌️

[@daver2214]

Can a smoker get these whole life insurance?

[@GarrettGundersonTV]

Yes, it changes the rating and performance, but it can be done. Cashflowbanking.com

[@JAYBLAK00]

Good topic but you constantly over talked the guest speaker

[@GarrettGundersonTV]

Bad bad habit. Working on that.

[@albertoencinas3352]

It's called passion. Also, Garret is a cool dude for graciously accepting your constructive criticism.

[@TheTheletterI]

So it's a universal whole life 🤔?

[@GarrettGundersonTV]

Overfunded whole life.

[@GarrettGundersonTV]

Rarely if ever a Universal Life.

[@rimaalexanian7781]

the whole thing is the WL Ins.... there's nothing new to understand . It is the same traditional WL Insurance... period !!!! If I borrow money & dont pay it back the insurance company Will subtract the unpaid loan amount + interest from my insurance coverage, the face amount !

[@samsciascia4004]

The difference is the design. You are basically turning the policy upside down where focus is on cv not on death benefit because the death benefit is shrunk which lowers internal cost.

[@knpstrr]

The sad thing is you pay all of that premium to build up "cash value" then you can borrow from it, but you have to pay it back. If you don't pay it back, it will be paid from your death benefit. If it is all paid back and you have a nice hefty sum in there, it goes to the insurance co. on death, heirs only get death benefit (like they would from a term plan anyway). Of course an insurance co will allow someone to "overfund" a policy by $100,000 and then loan you near all of it, at low interest, when it is guaranteed by your death benefit. For the ins. co it is heads I win, tails you lose. You're giving the insurance co say $100,000 for the privilege to loan it temporarily at interest. Should have just kept the $100K yourself, it isn't any kind of free money. It doesn't make any mathematical sense to do this.

[@GarrettGundersonTV]

You can take withdrawals. I recommend taking it to basis in many cases in future years. Just not the early years when it is advantageous to use the money again and again if the right investments present themselves. Learn about FIFO and withdrawal options.

[@knpstrr]

@@GarrettGundersonTV Withdrawal: In many situations, you can take a cash withdrawal from your permanent life policy, and that money is often not subject to income taxes as long as it’s not more than the amount you’ve paid into the policy. However, there are potential disadvantages: your death benefit will likely be reduced, depending on the value of your cash account, and that reduction may be greater than the amount withdrawn, depending on the specific terms of your policy. Just getting the money back you put it in isn't some homerun. Especially if it reduces the death benefit where your heirs get less. So what am I missing?

[@GarrettGundersonTV]

What would you do instead?

[@knpstrr]

@@GarrettGundersonTV seems to me investing on your own into a brokerage account is far superior. If you are more ambitious have some real estate as well. Taking withdrawals back to basis is just getting your money back. At best this is forced savings at 0%, ins co gets the gains for investing your money, they call it float. Better than nothing maybe, but not wise for long term wealth. Cut out the middle man, invest your own money. Obviously ins co are making money off of these plans, it isn't altruism

[@JerryFranco-pd9kn]

The rules changed in the 80s. I don’t think it’s because it was abusive. It was related to fiduciaries of other tools not being able to compete and the government wanting their tax money.

[@GarrettGundersonTV]

Abusive may be strong but the government wanted their money. So yeah, I think we are on the same page.

[@shyrinTM]

Off topic but Doug Clark looks like Garret without the hair...bros

[@GarrettGundersonTV]

Really?

[@gedbookings2328]

Let the guy talk

[@GarrettGundersonTV]

Yep. Fair.

[@cscarp4503]

Why do people rip this concept apart claiming it’s so bad? Ie dave Ramsey etc etc etc

[@nicholasolivas317]

This like annuity.

[@erichotter1260]

No

[@toddmackey3118]

these guys are struggling to explain this concept. Don't invest in what you don't understand. Sounds to me like this is simply transferring debt from the bank to the insurance company, with alot of caveats about risk, policy design and structure, etc. No thanks

[@GarrettGundersonTV]

Hey. Read what would the Rockefeller's do. Pretty straightforward.

[@hamzavirk4229]

Im a two time livertransplant life insurance companies dont insire me im to expensive for then

[@hamzavirk4229]

And i live in canada so aee their steps for canadians

[@GarrettGundersonTV]

There are steps for Canadians. And if you are married or have kids you can do this with them. Cashflowbanking.com

[@bluecollarbullionballer4269]

I love the concept but it makes me worry if insurance companies are really investing safely.Today I saw that Mass Mutual bought 100 million in Bitcoin.Cryptocurrency is a highly specalituve finacial instrument.How do I know that the company will really do sound investments ?

[@garywoolman314]

Yes they did and this investment represents only 0.04% of its general investment account. No need to be concerned as they are very well structured and their reserves are very sound. I hope this helps.

[@bluecollarbullionballer4269]

@@garywoolman314 Thanks for your response.Any thoughts on a policy in a Venezuela or Mymar type of inflation scenerio?Would be a good discussion for Garrett.I do have a policy already and belive in them as a bank.I am on the inflation bias side and so I used my policy loan to buy a large amount of silver at $17.00 a ounce.Will pay back the loan with inflated dollars.Thats my plan would love to get Garrets perspective policy performance and other ways to protect wealth in a inflation /deflation.

[@JimGray65]

He keeps cutting the guy off!

[@GarrettGundersonTV]

My focus in 2020 is to be a much better listener. I am guilty as charged here.

[@topcomment3816]

I like your YT channel, but whole life insurance is the worst product in human history. -Yes, I know from experience. -Yes, my policies were set up properly and overfunded to the max. -Yes, I read at least 5 books on cash flow banking and/or infinite banking. -And yes, I cancelled all my policies after 10 years (best decision ever). Please stop recommending these products.

[@GarrettGundersonTV]

Best decision ever? Damn. Fully funded and cancelled after ten years? What company? Crazy.

[@topcomment3816]

Garrett Gunderson Best financial decision I’ve ever made. Northwestern Mutual and Guardian were the two companies. I am convinced that whole life policies are for people who are bad at math. I was not happy with 1.8% annual returns. I’m now all in with real estate and have 10xed my returns.

[@topcomment3816]

Garrett Gunderson It’s a scam Garrett. Why would you borrow against your policy at 5-8% when it is only growing at 1-4%? It doesn’t add up.

[@GarrettGundersonTV]

Definitely good returns for those with knowledge about real estate and do it right. I have policies that have done 5.32 plus I can use it to acquire assets. Yeah. Both good companies so whatever works for you. Best of luck with Real Estate

[@demon66685]

Yea that's my same conclusion. The ror is poor after fees.

[@paulthoded]

Whole life insurance, a dangerous bad investment

[@GarrettGundersonTV]

Definitely not an investment. Savings. Good alternative to a bond portfolio though.

[@msquicc]

let the guy talk, man.

[@GarrettGundersonTV]

Yeah. I'm the worst at that sometimes. Point taken.

[@AE-pv9vc]

This crap is really hard to follow with all the interruptions when the guest is talking...

[@GarrettGundersonTV]

Sorry to hear that.

[@rainbowbgood]

This other guy actually makes sense when he talks. Too much jargon gibberish from you man. Giving me a headache.

[@GarrettGundersonTV]

Dale is the expert in this arena for sure.

[@surendrashekhawat4155]

Bandana Sharma should watch his otr videos , this one wasn’t the field he was best at.

[@nc3bbq]

What a joke! Almost a scam. Just say “Put your money in and if you have to take it out you get taxed” This only works if you will never need the money.

[@reallocaluser4081]

Too much unnecessary talk, get to the point!

[@johnsmith-dm2tq]

Blah blah blah tell me what it is.

[@a1ironzyzz673]

Overfunded whole life insurance policy with low death benefit to maximize the Cash Value which earns minimum 4% GURANTEED

[@reaalitykinggs]

Yeah this video was terrible. I have no idea what I just watched.

[@tracystjohn1957]

​@@a1ironzyzz673I like your explanation! Do you have a channel? If you don't have a channel is there one you would recommend that's frank and to the point

[@jayreed9370]

Whole Life takes you deeply into scam territory. So disappointed to see this here.

[@GarrettGundersonTV]

Please explain. Why a scam?

[@miguelmejia1073]

Yeah but it needs to be your own account not the market account

[@GarrettGundersonTV]

Market account?