How The Wealthy Use Whole Life Insurance... For The Cash Value! | IBC Global

[@devereauxjnr]

Like Warren Buffet said, dividends are only good if the business you’re investing into can’t make good use of that capital. So if you’re trying to invest into businesses with actual growth, looking at dividends is a waste of time. Why are you investing into a company if they’re returning capital to you because they think you can make better use if it than they can. It’s not much different from bond investing. The way I see it if you have a $1 million at some point, that’d be enough to create a portfolio that would pay you between 50k-70k in dividend income...

[@carolynrose1816]

It's not difficult, but you have to learn and handle. Another thing is that if you can't manage your home, maybe you shouldn't invest on your own. If so, you should hire a CFP to help you diversify your assets to include ETFs/index funds/mutual funds and stocks of companies with consistent cash flows, rather than betting on penny stocks.

[@viewfromthehighchairr]

@@carolynrose1816 A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.

[@SkepticalMechanic-l9x]

@@viewfromthehighchairr Over the following 3 months, I want to increase my reserve from $280,000 to at least $550,000. I would be grateful for any advice you can give on how to accurately predict the market and how to diversify and balance my portfolio in order to accomplish my goal.

[@viewfromthehighchairr]

@@SkepticalMechanic-l9x Sure. NICOLE DESIREE SIMON, a well-known person in her field, is my advisor. I got to know her through my wife. It's my wife that has her number, but you could further investigate her credentials and contact her yourself.

[@SkepticalMechanic-l9x]

@@viewfromthehighchairr Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@desmondandlisadiaz3003]

11:38 Never been so excited about life insurance as when you explained how I can commit to a premium minimum but use my discretion to add more if I want! Have way too much in the stock market and need different instruments to work with in the future!

[@ghostoferlock]

All I am saying, read the Introduction comment 'how the WEALTHY use insurance, if you aren't, don't look at it as an option.

[@IBCGlobalInc]

Thanks for the commment. Below is a video that demonstrates using a policy with a small amount of money. - kzbin.info/www/bejne/r2POl2tulraoZ6s

[@jeannaisadesir2777]

Can you please make a video on how low to middle class Americans can take advantage of whole life insurance to become wealthy?

[@coltenpfeffer4730]

They can’t xD

[@christaylor2528]

They probably can but if you have less money to invest it will just take longer for you to have cash valu in your policy

[@primelife33]

They can't and the wealthy only benefit if they've exhausted other more suitable tax shelters

[@darrellmuhammad-el1844]

He did, a 100k policy your paying into it 10k per year, that's a little over $800

[@dp2120]

You can't. It's not a good tool for the middle class. You're better off just investing the premium money in a Roth IRA.

[@floridacocoabrown643]

This was really good, clearly explained and great examples given! Love the concept of a team of advisors.

[@IBCGlobalInc]

Thank you! :)

[@pleroma5924]

Great presentation yes when the time is right I want to do what the rockafellers did with trust/whole life combo👍🏽

[@marquepoolejewer9427]

I only have a small policy to start with. But thank you so much for explaining all of this - I'm sure I'll be using this from now on.

[@mrsreginasales]

Not my style of content so I’m glad I took a chance to listen. Having zero to little knowledge or even a basic understanding of what was discussed here it all made absolute sense to me. The host was amazing. Real and knowledgeable. Practiced in his craft. I’m glad I landed here, wealth is being taught here and that’s what up. #goodfind

[@IBCGlobalInc]

Wow! Thank you for the kind words Regina! Much appreciated! 😊

[@felisak6053]

I obtained this product as well, after so many hours of research this product really makes sense to have. This really helped you be exempted in tax bracket.

[@usnaron]

do more research on white coat investor

[@Anthony-zw1qb]

Buy term and create your own savings portfolio. A “good” whole life policy will have premiums through the roof . There is no easy way around the fact that you will pay around $10,00 a year to an insurance company

[@IBCGlobalInc]

Thanks for the comment. Below are a few videos you might find resourceful. In our opinion, a "good" whole life policy will have minimum premiums and a high PUA rider payment. - kzbin.info/www/bejne/hYjTpHh5g8iloKs - kzbin.info/www/bejne/r2POl2tulraoZ6s - kzbin.info/www/bejne/pKfSaGaAg5loqKc

[@jcrockett870]

You must be very young. When my term expired, my term life premium went from $450 a year to $13,500 a year.

[@luzvimindasawadan7626]

Thanks very informative.i took this policy money back guaranteed.and cash value.inckme tax free.

[@Bryan-om3wq]

Steve, youve been an inspiration ever since you crapped on my plan to a mutual prospect, rather then getting mad, I asked the client to get your name so I could look you up, and let me tell you .... that no sale on an IUL i had completely changed my life. I have been watching you ever since. You do such an AMAZING job teaching. Since then ive got COUNTLESS hours researching cash value life insurance, both whole life and index universal life, so FROM THE BOTTOM OF MY HEART!! thanks for taking my prospect, she DEFINITELY ended up with the better agent at the time! Thanks for all you do bud!

[@IBCGlobalInc]

Hi Bryan! Thank you for the comment! 1st. Sorry for the trouble we caused with your client! Definiltey not intentional. 2nd. Thank you for the kind words! Much appreciated! :) 3rd. You may be aware of this already. We offer a training business for licensed life insurance agents. The training is virtual and I, Steve, will host Mastermind calls every Wednesday. - www.ilstrainingacademy.com/

[@Bryan-om3wq]

@@IBCGlobalInc you caused NO problems at all. You’ve created a solution to my career. I’m truly grateful she got the better agent :) my clients best interest is always what I want, whether I profit it off it or not.

[@tammybowling5184]

​@@IBCGlobalInc 😅

[@dominichoward4833]

Real question: I didn't see the part where this beneficial to the "ordinary" person not, super wealthy or have own business. With the premiums, pay back interest and high fees, it may be prohibitive for the average person or not a good option.

[@IBCGlobalInc]

Thanks Dominic! Good question. The product can make sense for anyone as long as it is set up properly. However, we recommend that an individual has an emergency fund (money in the bank) built up before starting a policy. I've included a video below that may be helpful. - kzbin.info/www/bejne/n3PPZIVqmsulrqc

[@cmack5215]

Can you do a video or a brief explanation comparing this whole life product to a buy term invest the difference mindset? I feel that this is a better situation than that one but I'm trying to make some sense of it. I just want to be able to explain the difference to others and even the primerica reps that push this ideology. They speak on annuities and other liquid investments that earn more risk free with less fees. I guess most will promote their products no matter what's best. I'm also interested in a partnership with you.

[@IBCGlobalInc]

Thanks for the comment and good question! The buy term & invest the difference strategy works well for a lot of people. We don't try to convince people why one strategy is "better" than the other as we've found both to work well. In a case like this, I would highlight the pros/cons of a whole life policy & buying term & investing the difference, then allow the customer to select the option they feel is best for them.

[@cmack5215]

@@IBCGlobalInc thank you sir.

[@starr8111]

Can u interview this attorney Elizabeth ur referring to on saving taxes when putting money into a policy from a 401K, crypto etc.

[@IBCGlobalInc]

Yes. We already have actually. Her podcast should be released within the next 1-2 weeks.

[@jackjia8773]

Using 401k to buy insurance might be the worst choice you can ever make. Using the tax refund by putting money in 401k is another story.

[@RealGodwinIgberase]

this is a beautiful presentation on cash value whole life, so much information and knowledge.

[@valentinlopez6189]

Good information!

[@IBCGlobalInc]

Thank you!

[@anthonybrister-g3r]

How is interest calculated. Could you give us a video explaining this with a few scenarios such as making annual payments vs. monthly?

[@juliekeeney1538]

I have recently been offered a similar type policy, it’s an indexed universal policy, but I’m not rich by any means, but it’s tax advantaged. And it grows with compound interest which is not available anywhere else that I know of. And I can use it too. Sounds good to me. Downside is I’m no longer young. If I had found this in my 30s, that would have been better

[@cybercab]

RUN!

[@navajorezathlete1202]

Same here

[@paulsoun8849]

I found this same policy too, it's called a ROTH

[@LynxStarAuto]

@@paulsoun8849ROTH cash out is still limited and at times is taxed as income, and if you borrow against it, you have to pay it back. When you borrow against your cash fund on your insurance policy, you don't have to pay it back. It's just deducted from your death payout. It's not tax deductible at any point in anyway once it matures for 7 years and it cannot be garnished if sued or otherwise. It definitely has its place.

[@olegprozapas8318]

Investments and life insurance do not belong together! Get term and invest elsewhere!!!!

[@anonymoususer8872]

Buy Term! Invest the difference.

[@IBCGlobalInc]

Great strategy for a lot of people!

[@a.t.lawofficepllc]

Could you discuss the risk associated with not being federally insured on a life insurance policy?

[@IBCGlobalInc]

That is not in our area of expertise, but we can certainly reserach it! Thanks for the comment and question! :)

[@sabriath]

Many years ago when I was dealing with life insurance policies, I remember a guy once asked a whole bunch of questions about whole life and the terms of the cash values and how the policy works in and out....and then he left. He came back a week later and opened up a 200k whole life insurance policy and stuffed $82,690 into the cash value....or something to that effect and that was it. The guy never had to make a payment ever again because the interest gained on the cash value slowed down the draw to pay the premium enough that when he would reach maturity at 100, he'd get $200,000 regardless (or earlier if he died). So yes, the "rich" do have far more opportunities to ensure their family wealth....easy to make money when you have money.

[@IBCGlobalInc]

Great comment! Thanks for sharing!

[@superodalisque]

Yep. And average people do not have 100,000 they'd can afford to plunk down and not touch for twenty years. Meanwhile there are other ways to make money and you don't have to be nearly dead before you reap any benefit. Most wealthy people make money no matter what they do anyway. That's how our economy works

[@IBCGlobalInc]

@@superodalisque Below are videos of smaller policies, including a case study of an actual policy. - kzbin.info/www/bejne/r2POl2tulraoZ6s - kzbin.info/www/bejne/mJDYYWOea5l1qJo

[@cybercab]

Shame on you!

[@Fatfired29]

So he put in 80k to get 200k when he died? Put that in an index fund and it would be 320k after 20 years. And he could use it before he died lol

[@RYSEMagazine]

Wow! Never thought of insurance as an investment vehicle. Only from an death benefit for my kids. Definitely need to reach out. Can you all write policies for someone in Georgia?

[@IBCGlobalInc]

Thanks for the comment! Yes, we are licensed in Georgia

[@Mfgguy]

Thank you for a concise and intelligent video without all the crazy hype used by others.

[@IBCGlobalInc]

Thank you!

[@hktan7737]

Outside United States, in Malaysia any company provide this type of insurance? I try to search, but can't find similar.

[@IBCGlobalInc]

Good question. We are unfamiliar with companies & tax laws in Canada. Below is a video that provides information on what is needed for non-U.S. citizens to obtain a policy with a U.S. company. - kzbin.info/www/bejne/qnbEf5ycm6-IkJY

[@nancysmith9487]

Weldon, pretty thorough on concepts. Most people don't trust. Good job on

[@IBCGlobalInc]

Thank you! 🙏

[@alm8bob]

Im not rich and got one of these and I am looking to get out 😞 I’ve wasted my very hard earned money on this insurance due to ignorance

[@IBCGlobalInc]

Thank you for the comment, and sorry to hear that you've lost money with a policy. Below are two videos that might be helpful. - kzbin.info/www/bejne/hYjTpHh5g8iloKs - Design a policy for maximum cash value. - kzbin.info/www/bejne/oJi1dnWhg9Z7oKM - What to do if stuck with an inefficient policy?

[@cubsfanap04]

Think about it. If a person can borrow money and grow it within the policy at the same time, how is the insurance company going to make money? They have to make a profit somehow. Also, why do you need to put your own money in an insurance policy to build "cash value" when you could keep your money and grow it without ever having an insurance policy in the first place.

[@IBCGlobalInc]

Thanks for the comment. We have videos that provide information on your points. See below. - kzbin.info/www/bejne/rJfIlJ6Cl6xshM0 - kzbin.info/www/bejne/hYjTpHh5g8iloKs - kzbin.info/www/bejne/jWSbh3SBbbB0qK8

[@nassah2010]

Does this apply in the UK?

[@marvilus]

Are these type of policies available in Scandinavia??

[@IBCGlobalInc]

Good question. That one I wouldn't have an answer to. We can check though!

[@scambuster7416]

i'm uninsurable, can i still do infinite banking?

[@RJGPG]

What about while life to hedge against unlikely, but catastrophic scenarios such as BK? Is the cash value not protected there?

[@shannonallaround9490]

This was good. Thank you. Please do more videos on Whole life insurance.

[@IBCGlobalInc]

Thank you! The focus of our channel is whole life insurance policies designed for maximum cash value.

[@grateful9672]

Hi Steve, I'm looking for whole life insurance. I didn't grow up with any of this knowledge however my parents are older and I would like to change the dynamics of my finances. Please let me know how you can help.

[@IBCGlobalInc]

Thank you for the comment! We'd be happy to help :). The best place to start is our website: ibcglobalinc.com/ If you decide to submit your contact information, our team will reach out to you and provide mroe information on Whole Life Insurance.

[@hypnoticvibes5409]

Appreciate the information that was shared.

[@FamilyofSeedsCee]

Such great content! Thanks for compiling this. How can I get in touch with this amazing Elizabeth? I'm looking to start a trust. Thanks!

[@IBCGlobalInc]

Thank you! I've included a link to her firm's website below. - www.emalegal.com/

[@rolandoriggio5026]

Do you have a link with Elizabeth’s podcast?

[@IBCGlobalInc]

Yes! We've included two links below. You'll find more on our channel. - kzbin.info/www/bejne/g6rXYnx9isSBhKc - kzbin.info/www/bejne/aqOln5V_qch-eac

[@robertmartin265]

What companies sell those big policies? Ty for sharing

[@jimcrowley1709]

Great video thanks so much. Just to clarify one thing about MEC’s and its tax status. I think you didn’t want to get into the weeds on this one. #1 taking the dividends is still tax free as long as you don’t exceed your cost basis. #2 policy loans are still tax free as long as the policy loan is NOT greater than your cost basis. #3 the 59.5 rule only applies if you trigger a taxable event on #1 and #2 I take it these statements are true; if not please inform me.

[@IBCGlobalInc]

Thanks for the comment. On the right track. I've included two videos that provide details on MEC policies. - kzbin.info/www/bejne/anfIp4GmhtF-nZI - kzbin.info/www/bejne/rZOtk5mEisqsqpI

[@jimcrowley1709]

@@IBCGlobalInc thanks those are excellent videos!

[@desiuse]

The final money we get from using whole life insurance is less than the money we get by paying taxes on the money we get by investing in index funds. Tax advantages in whole life policy is a misnomer.

[@IBCGlobalInc]

Thanks for the comment. Most people we work with will have money diversified in other assets. Our company specializes in whole life policies set up for maximum cash value. I've included a few videos that may be helpful. - kzbin.info/www/bejne/rJfIlJ6Cl6xshM0 - kzbin.info/www/bejne/hYjTpHh5g8iloKs - kzbin.info/www/bejne/Z6LSlZp6hqZqh8k

[@lamariellita7587]

What happens if you get the policy with the 10K premium and 90K PUA for the year, and you only add $20K PUA, do you get penalized? Or if the first year you are able to add the 90K, the second year you can contribute half of that?

[@PBS-nm1uu]

great presentation. please keep educating the little guy, thanks.

[@IBCGlobalInc]

Thank you! :)

[@jaefourtrades]

What business/industry was the power couple in?

[@NGF-Life]

Great video. Which insurance company do corporations choose to build their cash value life insurance? Do you have your attorney's KZbin channel?

[@IBCGlobalInc]

Thanks for th ecoment. The corporations we've seen implement plans typically utilize the 4 Major Mutual carriers (Mass, Guardian, NYL, & NWM) , although other carriers are used in some cases. The attorney I use does not have a KZbin channel but we did have a podcast with her recently. I've included below. - kzbin.info/www/bejne/g6rXYnx9isSBhKc

[@AlanAndalon]

PennMutual has been used as well, but even for most cases with Premium Financing they like NYL, MassMutual and Guardian. NWM at times.

[@OceanGodis]

Really great video! Great strategies! Thank you!

[@luxe4744]

What's a good reputable company(s) to purchase life and wholelife insurance???

[@IBCGlobalInc]

We'd recommend any of the 4 Major Mutuals to start. - MassMutual - Guardian - New York Life - Northwestern Mutual - kzbin.info/www/bejne/Y6fdoXaai6mljpY

[@luxe4744]

@Insurance Business Concepts (IBC) Global thank you. I'll check each one out.

[@imanshahid1956]

You never mentioned how it can take 3-5 years to earn one penny in the CV part, and your saying you don't have to pay the loan you take out if you don't want to was not correct. There is a consequence if you don't. Nothing is for free. Also if I have to do additional things to combat the disadvantages WL has it would not be for me. Life insurance is to protect a family from the loss of a bread winner, and not a wise investment vehicle. You will never get the rate of return that you would if you invested in mutual funds etc. Whole life is overpriced. Best in industry term life is the way to go, along with a good investment strategy.

[@IBCGlobalInc]

Thanks for the comment! We've included a few videos on the drawbacks & loans (what happens if they are not repaid). - kzbin.info/www/bejne/mny5eIx5iNupo80 - kzbin.info/www/bejne/aV7cqXx9hLt6qLM - kzbin.info/www/bejne/naSYk5yahNWYpLs - kzbin.info/www/bejne/rJfIlJ6Cl6xshM0

[@rajgill7576]

Look at the chops and wings on this fella. He's a talker AND a listener 😆

[@davidtoney822]

This is just the information I've been searching for #Subscribed

[@gh0stlich299]

Very informative video, one of the best i've come across in regards to this.. In your opinion what is the mininum amount of money someone should have either as a yearly salary or just perhaps sitting in a brokage account or in a savings account? 20K? 50K? 100K?

[@IBCGlobalInc]

Good question! In my opinion, if someone can fund a policy with 5-10k/yr, the strategy can benefit them. It is possible to start lower than 5k and increase payments as time passes. Below is a video that provides information on smaller policies. - kzbin.info/www/bejne/r2POl2tulraoZ6s

[@edwinhargrave679]

Thank you sir,great job Of teaching the masses God bless.

[@IBCGlobalInc]

Thank you!

[@TomRivieremusic]

insurance companies say one thing to get your money. There are all crooks.You will never get the promised amount that you agree on. They can keep you in legal suspense for decades. Too big to fail.

[@IBCGlobalInc]

Thanks for the comment. We look at the guaranteed values and track actual performance as opposed to just illustrations. Videos below that may be helpful. - kzbin.info/www/bejne/kJeydGadnJppiNU - kzbin.info/www/bejne/hV7CpJh_mJZ7iZI - kzbin.info/www/bejne/bXrYZKmgi79qjNU

[@JimPowellS]

Wealthy people use it because they got enough excess funds they can invest in a financial vehicle that pays 3%. Most Americans don't have enough to invest in an IRA, let alone max it out, let alone have enough left over to invest in additional financial accounts. I have a whole life policy not to get rich but to have a life time policy for when I'm in between jobs and was hoping to get enough that it would self-fund after 15-20 years because you aren't get a term policy after 60

[@IBCGlobalInc]

Thanks for the comment! :)

[@felixkangwa3315]

Great video. Lovely. From Africa; Zambia.

[@IBCGlobalInc]

Thanks Felix!

[@observer1242]

Very wealthy people do not put their money in the stock market. When you talk about tax free access I wish you had explained it a little bit more on that. Are you alluding to internal wash loans and the ability to generate tax free income?

[@IBCGlobalInc]

Thanks for the comment! I had to resist the urge to go into all the details in this video. Below are two videos that provide information on the tax benefits of whole life insurance products. - kzbin.info/www/bejne/Z6LSlZp6hqZqh8k - kzbin.info/www/bejne/pHyagnSPZcepf6s

[@observer1242]

@@IBCGlobalInc thanks. I am doing all of this. I have been funding a policy for the past 20 years. Once I understood the living benefits of life insurance it became clear to me that this was a viable strategy for part of my overall financial situation. I do think the insurance industry has somewhat of a problem and that is the agents focus more on sales than on service of the client once everything is fully funded and the client is still alive:) anyway these are really nice videos. It is taking me time to understand it over the years but I have a pretty good handle on it and it does work. I have really nice death benefit any ton of cash value. Hoping to begin to use it. Thanks for your efforts.

[@AnomalyBelleza]

Excellent work. What is the name of your podcast?

[@IBCGlobalInc]

Thank you! :) We have two podcasts. - A Conversation With: feeds.transistor.fm/a-conversation-with - Financial Fridays: feeds.transistor.fm/financial-fridays-with-mike-courtney-steve-parisi I've also included a Video link to the podcast with the attorney mentioned in this video: - kzbin.info/www/bejne/g6rXYnx9isSBhKc

[@stevesohn5436]

Is whole life max cash value affected by one's health? I have Lymes Disease, but my businesses are increasing in profits and really trying to consider where I need to put my money that makes me money. Was thinking of Vanguard Index Funds, but recently stumbled on your channel and am highly intrigued about the investment possibilities. Also what is the digital whiteboard and application that you are using?

[@IBCGlobalInc]

Thanks for the comment Steve. Health can have an impact on the performance of a policy, but is often minimal if the policy is designed for maximum cash value (not a high death benefit). Lyme disease does not always have a major impact on health ratings. We have a number of individuals that received standard non-smoker ratings and even preferred ratings with Lyme disease. It mainly depends on the severity of the Lyme disease and treatments you are taking. I've included a video on health ratings below that may be helpful. - kzbin.info/www/bejne/eWe3qJenicuEmLM Feel free to email me at [e-mail]. Would be happy to provide more information and answer any questions. All the best, Steve

[@batk0427]

Thank you Steve. New subie here. Great content. I was impressed with Elizabeth Morgan too.

[@IBCGlobalInc]

Thanks for the comment, and for subscribing! :) Yeah, Elizabeth is the best!

[@chess747]

Does this work in countries like Australia ?

[@IBCGlobalInc]

Good question. In order to take a policy out with U.S. company you must have U.S. citizenship, U.S. bank account, and spend time in the U.S. every year.

[@fenilpatel7274]

So with whole life insurance, are you able to set it up in a way where the beneficiary does not get the life insurance money and gets to extend it forward to some other person. For example, I get a life insurance policy and when I am no more, my kids have the option to extend the policy to their kids, my grandkids, instead of cashing out?

[@IBCGlobalInc]

Great question. It is possible to transfer an existing policy to a younger person if the policy has a transfer of insured rider (video below). The transfer of insured rider is great for corporations but does not always make sense for individuals. For example, it is common to see families take out life insurance policies and have the death benefits paid to a Trust. The Trust then specifies how much of the proceeds should be used to fund new or existing policies. - kzbin.info/www/bejne/aGndaWdunr-dkK8

[@Adam.Morrison]

Can anyone point me in the right direction on setting up this type of whole life insurance policy in Canada? Everything I see is always USA based?

[@IBCGlobalInc]

Yes, Below is a link that will direct you to a group in Canada we've seen design policies for maximum cash value. - ibcglobalinc.com/canada/

[@estephens37]

Excellent breakdown! What type of policy is this? HECV? 10 pay?

[@IBCGlobalInc]

Thank you! The example in this video was an old L95 policy with Guardian. I've included two videos below that provides more information on this. - kzbin.info/www/bejne/mqjRgnqoZ66UgtU (Old product used in the video) - kzbin.info/www/bejne/n3jNqHStmNxqb5o (Updated product)

[@danielvalle5103]

Go try explaining this to Dave Ramsey

[@IBCGlobalInc]

Thanks Daniel! We have a video on one of Dave's videos below. - kzbin.info/www/bejne/p3u8lX1mrteVjcU

[@4020E]

Looking at your chart, after year 7 I can stop paying my premium and my cash value continues to grow?Is this correct?

[@IBCGlobalInc]

Yes, 100% correct. I've included two videos that provide more information on funding policies for a short period of time. - kzbin.info/www/bejne/epDQhnhphbdpo8U - kzbin.info/www/bejne/mZ7WoK2JeKhkfLs

[@4020E]

Thank you

[@actionfigureschannel]

can I get an intro to that attorney you referenced?

[@IBCGlobalInc]

Sure. Below is a link to her office. - www.emalegal.com/

[@actionfigureschannel]

@@IBCGlobalInc thank you!

[@frankmastromauro5630]

Great video

[@brialynne6124]

I need to know who this lawyer is! That’s exactly what I’m looking for.

[@IBCGlobalInc]

Thanks for the comment below. Below is a link to a podcast with Elizabeth. kzbin.info/www/bejne/g6rXYnx9isSBhKc

[@kristofferphibbs9958]

Based on the insurance companies you are licensed with I hope you are using Lafayette for these

[@IBCGlobalInc]

Thanks for the comment! We do not use Lafayette. We have considered them several times but we have not seen proof of performance from them. I've included a video that provides more information on the companies we are comfortable with - kzbin.info/www/bejne/Z6eVoYmHbJiMmpY

[@kristofferphibbs9958]

@@IBCGlobalInc You have been licensed with Lafayette2015 almost as long as Mass2013. Lafayette now has better pricing IF you are trying to do infinite banking.

[@IBCGlobalInc]

@@kristofferphibbs9958 Thank you! Have you seen any proof of performance with Lafayette? We do not use them as we have not received proof of performance from them. I've included a video on historical performance below. - kzbin.info/www/bejne/Z6eVoYmHbJiMmpY

[@benjamins8082]

Can people with universal life do the same thing.

[@IBCGlobalInc]

Good question. It is possible, but we don't use Universal Life policies for individuals interested in high cash value.

[@richarddesrochers946]

Thats one of the best video that I have looked at. Really looking forward to implement this strategy.

[@delcorp]

Cant get in Australia. Would like WHole Life Policy can someone help

[@IBCGlobalInc]

Thanks for the comment. I am not familiar with insurance companies in Australia.

[@vincentortega4284]

I would think once you are a multi-millionaire, or billionaire; you would just self-insure yourself. When you reach that point. Why pay these people money.

[@IBCGlobalInc]

Thanks for the comment. When people reach that level (multi-millionaire/billionaire) we've seen them use cash value life insurance for the following: - Safe are to position money (Some have expressed that it is similar to a bond alternative). - Tax benefits (Cash Value grows tax-deferred and can be accessed tax-free) - Estate planning - Corporations (Executive Benefit planning. Videos below) kzbin.info/www/bejne/qmLWoauKhZqrjas kzbin.info/www/bejne/qYnYdIqXpNOoqpY

[@joelstanley3330]

But, what are the fees?

[@IBCGlobalInc]

Good question. Below are a few videos that provide more information on whole life and speak to the fees. - kzbin.info/www/bejne/rJfIlJ6Cl6xshM0 - kzbin.info/www/bejne/hYjTpHh5g8iloKs - kzbin.info/www/bejne/pHSXmperdtNpiJY

[@usnaron]

these policies have a prospectus that is over 150 pages for a reason. complexity favors them, not you. They are typically also laden with fees so they can pay the salesmen large commission. These are not a good deal.

[@happiness_mindset]

Thanks. As always Excellent information Steve. I see that in the 50Y Male, Corporate plan chart you showed, death benefit drops in Y8, right after premiums are stopped. Am I missing something? is there any other component that drops (like Dividends?) and why?

[@IBCGlobalInc]

Thanks for the comment, and sorry for the late reply on my end. To answer your question, we exercised a Reduced Paid-Up option to eliminate the premium, and reduce the death benefit. This will result in greater cash value long-term, especially when examining the Guaranteed Values.

[@attellsimpson1452]

Interested in the lawyer Elizabeth you keep mentioning, what’s her contact information/social media info?

[@IBCGlobalInc]

Sure. We've included Podcasts with her below. - kzbin.info/www/bejne/g6rXYnx9isSBhKc - kzbin.info/www/bejne/aqOln5V_qch-eac - kzbin.info/www/bejne/jmbKhYOFnZmWrck

[@MrStlover99]

Im.starting a 2nd branch (policy), I love it

[@iamtracywilson]

I am new to this and want to get started. May I ask which company you used? Do we need a lawyer to set up? Thanks for your help.

[@juliekeeney1538]

So do you not recommend this for a middle class type person?

[@IBCGlobalInc]

Thanks for the comment! It can work for the working middle class. I've included a few videos below that demonstrate smaller policies. - kzbin.info/www/bejne/r2POl2tulraoZ6s - kzbin.info/www/bejne/n3PPZIVqmsulrqc - kzbin.info/www/bejne/iHOcoKOIab-rjbM

[@orwellhuxley6301]

“They do very well” because they are wealthy. I know a lot of wealthy people that “don’t do very well.”

[@Sideler74]

Whole life. 1. The cash value you pay for, is not yours. 2. You die, you get one or the other (Face Amount or CV) not both. 3. Loans are tax free, just like every other loan, bank, mortgage, personal. etc. 4 Loan % is between 5-8% paid back to the insurance co. & not you (like in your 401(k). 5. Take a loan & don't pay it back that 5-8% will be added to your monthly premiums. (so you are paying it back, you may not be aware of it) 6. Take a loan & die, they deduct it from your policy face amount. 7. Whole life is a SUPER EXPENSIVE RIP OFF!

[@IBCGlobalInc]

Thanks for the comment. Sounds like you've only been presented basic whole life policies with 100% premium. We've included videos that address your points. 1. The Cash Value includes your payments, plus the Guaranteed rate & dividends - kzbin.info/www/bejne/kJeydGadnJppiNU 2. What happens when to your cash value when you die - kzbin.info/www/bejne/hJK4h4lrnJ6go9k 3. Loans are tax-free. Correct, as long as the policy is not a MEC or does not lapse. Payments are in the policyholder's control and are optional to repay, unlike a loan from a bank - kzbin.info/www/bejne/mny5eIx5iNupo80 4. Loan interest is 5-8% on older products. Loan rates on more recent policies will range between 3-6%. Loan interest is paid to the insurance company, as you state. The guaranteed rate & dividends are credited to any money you have in cash value, and outstanding in policy loans. 5. We have videos that demonstrate what you state and provide transparency on the pros/cons - kzbin.info/www/bejne/q3_LgaCndsp_pZo 6. Correct. Most we work with don't care about the death benefit. 7. It is super expensive if set up as a basic whole life policy. If designed with a minimum premium, minimum expenses/commission, it mimics policies that are owned by corporations - kzbin.info/www/bejne/l6Cqi56OhNacb9E Hope this helps!

[@Sideler74]

All whole life works the same.

[@IBCGlobalInc]

@@Sideler74 Thanks for the reply. Whole life works much differently depending on the company selected and how the policy is set up. Videos below. - kzbin.info/www/bejne/kKfJXqyJg5yXiLs - kzbin.info/www/bejne/l6Cqi56OhNacb9E

[@nanao8536]

Which type of life insurance would you recommend for a young couple (early 40s) with 4 kids?

[@mylesoliver9797]

@@nanao8536 Do you already have life insurance?

[@ivyshen5211]

10% on base premium and 90% on PUA will need huge DOT to avoid MEC.

[@IBCGlobalInc]

Thanks for the comment Ivy! Term riders are necessary in order to prevent a MEC. Below are videos that provide details on policy design and term riders. - kzbin.info/www/bejne/qHvVen-kbsetrrs - kzbin.info/www/bejne/rJfIlJ6Cl6xshM0&ab_channel=InsuranceBusinessConcepts%28IBC%29Global - kzbin.info/www/bejne/h5qYmoN_qMiGgMk

[@lunaticbseker]

key word The wealthy

[@chartingwithliv]

Whats Elizabeth's the attorneys contact?

[@IBCGlobalInc]

We've included a link to her website and a podcast with her below. - www.emalegal.com/ - kzbin.info/www/bejne/g6rXYnx9isSBhKc

[@iluvuvibez6644]

Hello, is it possible to get whole life insurance if I'm a felon? Would the risk be more higher since I'm a criminal that they pay death benefit to heirs?

[@IBCGlobalInc]

Good question. It depends on the criminal history. If you'd like to provide details privately, you can email us at [e-mail].

[@prince-englishbullterrierbaz]

Not available in NZ or Australia???? Can anyone prove me wrong?

[@IBCGlobalInc]

Unfortunately, we can only work with U.S. citizens. If someone travels between Austraila or NZ and the U.S., it is possible to obtain a policy.

[@edwinhargrave679]

Got your point but every one has there own specific reason how to invest and insure😊.

[@IBCGlobalInc]

Thank you Edwin! We fully agree 🙂

[@christaylor2528]

Can canadians do this as well?

[@IBCGlobalInc]

Yes! We are unable to assist if you live in Canada, but we have a group we recommend. I've included a link below that will put you in touch with our connections in Canada. - ibcglobalinc.com/canada/

[@mgreatness3695]

In order for me to get life insurance. Do I have to buy life insurance?

[@IBCGlobalInc]

Yes, you would need to qualify for a life insurance. You would have a premium/cost associated with the product as well. I've included a video that may be helpful. - kzbin.info/www/bejne/pKfSaGaAg5loqKc

[@Gogalen789]

No, they are going to pay you a monthly income just to apply. What a deal !

[@olegprozapas8318]

It doesn't make sense for 99% of people unless they're already very wealthy and max out every other possible avenue. It's an incredibly bad rip off for most.

[@IBCGlobalInc]

Thanks for the comment! I've included some videos that may be resourceful based on your comment. - kzbin.info/www/bejne/naSYk5yahNWYpLs - kzbin.info/www/bejne/rJfIlJ6Cl6xshM0

[@junewelford9475]

Is this available globally?

[@IBCGlobalInc]

Good question. Yes and no. The Major Mutual carriers (which were discussed in the video) are not available globally. To obtain a whole life policy with a U.S. insurance carrier, one must have some ties to the U.S.

[@junewelford9475]

@@IBCGlobalInc I have pension from USA and have bank accounts in the USA as well

[@junewelford9475]

@@IBCGlobalInc I live overseas not US citizen but I received pension from US. Let me know how I can participate please.

[@ncube2468]

What an incredibly excellent video. Thank you for the thorough breakdown. Much appreciated sir.

[@IBCGlobalInc]

Thank you!

[@soxyankees]

Are you able to share the attorney Elizabeth’s contact info? I’m looking for a great estate attorney. Thx.

[@tariqs2072]

90% cash value in year 3-4, wow! Is this for Canadians also?

[@IBCGlobalInc]

Hello Tariq, we have a group of agents we work with in Canada that focus on maximizing the cash value like we do. You can get more information about them here: ibcglobalinc.com/canada/

[@leatricedoss8611]

This was a great video.

[@IBCGlobalInc]

Thank you!

[@derrellblack1003]

Great video

[@IBCGlobalInc]

Thank you!

[@savingwithsyndee5195]

How or where can I obtain such a policy?

[@IBCGlobalInc]

Thanks for the comment! Feel free to email us at [e-mail]

[@moniqueowens2459]

Who’s the attorney? Contact?

[@IBCGlobalInc]

Elizabeth Morgan. Her firm is EMA Legal. I've included a podcast with her below. You'll find her contact information in the description. - kzbin.info/www/bejne/g6rXYnx9isSBhKc

[@royd.mercer1727]

I got my wife out of her overpriced whole life policy, and fired her insurance agent. Got term death insurance, and invested the difference. It's been 5 years, and already way ahead.

[@IBCGlobalInc]

Thanks for sharing this. This is definiltey an issue in the industry. People are often interested in whole life insurance for the cash value, but they are sold policies that maximize upfront death benefit and are expensive as a result. I've included a video below describing how someone avoided this situation - kzbin.info/www/bejne/noW1p4Crf8Rsa9E

[@paulbrungardt9823]

The Insurance company is not doing this for your benefit. If a salesman comes to you, he is not there for your benefit.

[@IBCGlobalInc]

Thanks for the comment! We've included two videos that provide information on the product and commissions. - kzbin.info/www/bejne/gGiwkoVtf9yfocU - kzbin.info/www/bejne/pKfSaGaAg5loqKc

[@peggyhall6188]

The name of the attorney please?

[@IBCGlobalInc]

Hi Peggy! Her name is Elizabeth Morgan. We've included a link to a podcast with her. Her firm's contact information is also in the podcast link. - kzbin.info/www/bejne/g6rXYnx9isSBhKc