How to Use Whole Life Insurance to Get Rich

Rob Gill and Kris Krohn tackle the secrets of Life Insurance policies, and how the right policy can help you become financially free.
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Kris Krohn is not in the business of providing personal, financial or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this document. Also, Kris Krohn, this document, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed and certified professionals should be sought. In addition, Kris Krohn does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.
The above summary disclosure is provided as an overview, and is not intended to be comprehensive. Additional details are reflected below. See full disclosures here: www.kriskrohn.com/epicdisclosure
NO INVESTMENT, FINANCIAL, LEGAL OR TAX ADVICE
The contents of this video are for informational and educational purposes only. They should not be considered investment, financial, legal or tax advice. Kris Krohn is not licensed in the insurance or securities industries and is not in the business of selling, soliciting or negotiating the sale of any insurance contract, security or other investment vehicle.
DISCLOSURE OF FINANCIAL RELATIONSHIP
Mr. Krohn has a financial interest in EPIC Insurance Services, LLC (EPIC), a licensed insurance brokerage agency incorporated in New Jersey, and is compensated by EPIC. See full disclosures here: www.kriskrohn.com/epicdisclosure
#KrisKrohn
#RealEstateInvesting
#MoneyMindset

[@123hibye]

I’m 13 and have about $1200 in stocks! Thanks for all the advice! I love finance and you inspired me to make my own channel about finance, stocks, Entrepreneurship, later real estate, and more! Thanks

[@jetsweepinc3760]

one day u gonna be a millionaire and me and u gonna be in dubai drinking

[@The7thNote.]

same here man, i am going to become a real estate investor, im saving up right now!

[@OmarCapital]

💫

[@BU4U]

Very Smart! Keep marching on you little tycoon! Xx

[@kyle19882]

Listen to Dave Ramsey, these guys sound legit, but always question if salesmen have your best interest at heart

[@rajbeekie7124]

This man has tons of energy. Insurance companies love him. People like Kris allow the companies to get richer.

[@coledean9259]

There only one kind of person that loves whole life insurance policies, and that’s the company’s that sell them

[@galloe]

And I saw this at 1.5x!🤣

[@bmorris8276]

This is so dirty feelin , total sleezy pitch just robbing people with total junk.

[@Sebastiantv96]

@@bmorris8276 how?

[@caveman9897]

@@Sebastiantv96he doesn’t understand

[@Natasha-tc8oq]

Mad props to Kris & Rob! 🔥

[@robertgill636]

Love

[@mcclainrb20]

Still leverage a 401k to use the tax advantages and lower your taxable income. Although, it’s about balance using multiple baskets of investment to gain wealth.

[@Evaultfinancial]

Great video! Love the energy ❤️

[@shehzadrana6864]

Mr. Kris you are my superb teacher & mentor 😘 Love you🇵🇰

[@clementifangblog8583]

I really appreciate This lesson

[@goldenchild_chosenone]

Powerful opening!!

[@monkeyrave]

Connections Kris! That's for the info!

[@cardikleeber4890]

The excellent part of this is Kepping the explanation in layman's terms. Thank you

[@raylowkey1724]

I bonded out my friend on murder charges using life insurance

[@cardikleeber4890]

@@raylowkey1724 great friend.

[@ginrummy426]

​@@raylowkey1724👏👍🙏

[@ivanrowe8329]

Term insurance is the most affordable form of insurance. The example he gave of that elderly neighbor "having a 200k term and passing away a few years later" that would mean a greater pay out and at a lower cost. It's a fraction of what a whole life cost.

[@rockjrca]

Yea that was only part I didn't agree with

[@NP-io4ol]

You still don't get it

[@dopeminguez24]

@@NP-io4olwhole life insurance isn’t an investment, these guys are whole life insurance salesman. Term is better than whole life.

[@NP-io4ol]

@@dopeminguez24 Its part of your investments

[@aaronhobbs4592]

​@@dopeminguez24what I loved is how he said " these are my gains just in the past yr!!" Then turned around and said.. " these are deals I'm in the process of closing on right now.."

[@ellamaio]

So informative. Thank you

[@suleimanmuhammad3450]

Very great advice.

[@Abounding_Faithful1]

What would you recommend an acceptable amount to gain that interest and what type of whole policy would do so?

[@splinter8899]

only buy Term, never ever any other

[@est4084]

Do an indexed account that compounds but depends on age and how you maximally fund it.

[@danielagada8866]

This is Massive Information., Sir Kris...

[@thirdeyegambit]

Thank you for this Valuable information!

[@wupi8488]

Just the information i need❤

[@lolkk3394]

Hidden gem! 💎

[@CharlesHoppyAdamsjr]

he’s talking about money doing whats good for him thats the best way to live life thank yall for this video

[@mimi3868]

Which companies do you recommend?

[@rebeccabauer293]

Well done; even better without the pitch. This is excellent tutorial and it works. I've done it.

[@Tashiana.harris89]

Great educational video!

[@DJNeedlz.]

I normally don't leave many comments but this is one of the best videos I've seen I a while! Thanks Chris!! Ima jump on this asap

[@1venue3jurisdictions27]

Did you get an account opened up like described? Curious to hear how it's working...

[@gummymm]

great vid kris !!!

[@nolanroesler4126]

This is the best video you have done about whole life insurance. Great job Kris and Rob!

[@AndyEscobedo2700]

You're being brainwashed, this is all FALSE INFORMATION!!

[@mainewills4643]

This was truly great information! Thank you guys.

[@AndyEscobedo2700]

You're being brainwashed, this is all FALSE INFORMATION!!

[@jblanchard6155]

Any tips on these types of policies in Australia ?

[@makedarussell6493]

Thank you so much!

[@joedakingtv]

Save your self do your research

[@paulinendlovu7228]

Hi Kris this is amazing information...wanted to find out if this works anywhere in the whole especially me being in a country with crazy inflation

[@AndyEscobedo2700]

You're being brainwashed, this is all FALSE INFORMATION!!

[@maritzatrochez871]

Taking my life insurance course 😏 def gonna use this

[@allysasway5720]

THANK YOU! I'm so happy I came across this video to inform me.

[@NP-io4ol]

Did you get one yet?

[@saboreel-bey7798]

Solid information 💯

[@chantelanderson1545]

Well done!!

[@terrysimpson3665]

First time watching 100% tuned in

[@kyle19882]

Really digging how they both have a suit jacket on with casual undershirt, oh and the same haircut

[@brycenurding8133]

aint no t shirt dog its a hoody

[@Food-Dharma]

I have to say these guys are great salesmen.

[@jacobford4413]

😂

[@jellyfish_adventures9877]

The musical theatre energy makes me automatically question if it's just a sales pitch and not informational

[@CHRISPOPTV]

Subscribed 🔥🔥🔥

[@aabatenmahmood126]

Very very authentic and reality.

[@stevemegoulloa5093]

I would love to see a debate between whole life and term life insurance both have pros and cons as well

[@illesttraitz]

That’s why you get both

[@americanboxingorganization6225]

I so much appreciate you Kris. Thank you man!

[@BBond88]

Top notch production, top notch info ℹ️

[@lisaspera8590]

I totally needed this video, you guys are great and I would love to chat with you

[@1.TheTruth]

Thanks Kris! I've actually had a life insurance policy for 3 years now, but never thought of capitalizing on my returns this way and literally make my policy pay for itself and multiply my returns & assets at the same time. Thanks again!

[@pablopicasso8502]

As long as it is whole life, not a term policy

[@marjn1030]

Do research on whole life insurance......please😟

[@dxdarkness6295]

@@marjn1030 what's your take on it?

[@TheRegina1981]

Aren’t there surrender charges when you borrow against the policy?????

[@splinter8899]

@@pablopicasso8502 agreed....

[@NutriNoche]

What are the top 3 Cons to this type of policy?

[@utah20gflyer76]

High fees and low rates of return, on average it takes 7 years to break even on a whole life policy, the same amount invested in an sp500 etf will be double after 7 years.

[@samsciascia4004]

I sell it so I will tell you the biggest is basically policy design. There isn't even a close 2nd. the 2nd one going with a agent who doesn't explain it and third make sure in the beginning you fund it.

[@tammyslater5908]

And there is taxable gain taxes to consider as well … even on a “loan” basis … make sure you see the illustration showing these taxes.

[@mphenapeentertainment5683]

Great advice sir

[@travis10466ny]

The average person doesn't understand Leavage. Its not the most common thing to do.

[@dcole302]

What is Leavage?

[@manudotson8691]

AMAZING!

[@MrKp1214]

Video starts at the 11:00 marker

[@Jay_red305]

What's Rob's cut if I do a policy with him?

[@joshuarossman3966]

Does your Life insurance policy have value and maybe sold

[@dukesalamander3079]

Thanks Kris!

[@TheRealTiaMaria]

You guys are amazing! I will be in touch soon ❤

[@ChrisStrompolos]

Friggin' awesome video. Thank you.

[@tankercrewchief]

Mr. Nelson Nash developed this concept called the Infinite Banking Concept. Give credit where credit is due.

[@robertgill3302]

Yes he did. And we are bringing it to you.

[@geoffreyfaltot1006]

Kris, what perm whole life insurance companies offer all those components?

[@hypnoticvibes5409]

Yassss! I want to build generational wealth‼️💰💰

[@shaydesclarity]

@Kris how do we get startee with this type of policy?

[@dcmeteorite606]

Great content 👍 could you help setting up international whole life insurance?

[@joedakingtv]

What happens to the savings in the policy?

[@travis10466ny]

if you past the company keeps it. whole life sucks

[@InitialDL84]

I'm actually doing this right now with my insurance company. Actually, they don't even advertise themselves as life insurance, but as a wealth management company. I not only have life insurance, but have a special saving account with them and started investing into mutual funds with them as well. I'm starting pretty late but late is better than never. Definitely making some sacrifices but I know it will be well worth it in the end.

[@michaeldavila6712]

So what are the best companies to do this...

[@ashamccracken8082]

Ive heard of people having all of this in a trust as an extra layer of protection? is that true? if so, can you explain that?

[@87doctorevil]

The houses your buying. Are you renting them to get the 25-30% gains or just buying and flipping to get that 25-30%.

[@zzospreyzz55]

Self Directed 401ks and IRAs allow you to take your investments out to invest in real estate. So does a Qualified Retirement Account

[@robertgill3302]

At what cost ?

[@zzospreyzz55]

No cost

[@connorc9826]

You’re somewhat right. You can use it for a first time home purchase up to 10k. Other than that it’s things qualified edu expenses and your 401k may allow you to take from it if you can prove financial hardship. Otherwise you pay taxes plus 10%. There is a hefty cost.

[@samsciascia4004]

There are rules about paying it back in most cases with whole life you don't have to.

[@Natasha-tc8oq]

tysm Kris!

[@chicano_rico]

When you say "borrow" do you mean a "loan" and using your policy as collateral or a "withdraw" FROM the policy?

[@kalinidarlinghamala]

what's the best life insurance

[@thisismekopokszki2635]

When you borrow from WL policy you still have to pay with interest?

[@joy2come119]

Yes

[@dancam5812]

wow i need to do this

[@jasminmitchel]

When can you withdrawal from your policy ?

[@Rough-inevitable]

Subscribed!

[@mranderson7208]

Instructions unclear. I now own shares of GameStop.

[@juqwuanmurphy]

Awesome awesome nice video very informative 😁

[@charlid-t7222]

Well I didn't get really anything in the video lol, but it made me aware of it so thanks

[@specialolympicschamp9136]

Seriously the most informative/non-informative video I’ve ever watched.

[@charlid-t7222]

@@specialolympicschamp9136 Right😂

[@andrewsonuy7671]

I was wondering why I was already halfway through and still don't know when the relevant info starts. Now I now there's nothing here! 😅

[@Kovu1224]

I should have done this when I turned 21 years old

[@jjorr1]

Can you recommend a life insurance company everyone say this but no recommendations at all

[@MrManasarora]

What policy I can buy in canada?

[@christian9335]

What’s the best type Whole life insure or Universal life insurance ?

[@gurumack]

Kris. When you pull from your ACV do you use it for a 20% down payment or do you use it to cover the entire principal?

[@robertgill3302]

Yws

[@gurumack]

What?

[@gurumack]

Robert. Am I able to acquire policies from a company like North western mutual if I request them to be set up for banking? (Approaching MEC)

[@robertgill3302]

GuruMack yes Great company. You need to speak to agent

[@gurumack]

Awesome thanks Robert. Is there a way to change an existing policy?

[@rickdlt]

Buy term and invest the difference ;)

[@willie1784]

This is the Infinite Banking Concept right ? Or is this a different concept? I guess it's odd to not name the concept that allows this savings strategy to happen... unless there is a reason to not name the concept or Nelson Nash.

[@chrischilds5639]

Life insurance concept 😒

[@theforce5191]

Yes this is the Infinite banking concept. Not sure why they didn't just say so but whatever.

[@danieldaily116]

Yes it is and it works

[@ChristelMcKenzieChristelClear]

I want to do this too!!!

[@nanatabiantwi-badu7742]

Choose term insurance. Because that's cheaper. Whole life is a mess and outdated form of insurance.

[@ngavaka4386]

Nice reel cheers

[@benjaminrobertson254]

Im from South Africa i dont know where to start or what product i should get.

[@topshottagaming3542]

im 20 what is the best whole life policy and how do i start it?

[@lightbeing1370]

You guys are amazing. Many blessings to you both.

[@AndyEscobedo2700]

You're being brainwashed, this is all FALSE INFORMATION!!

[@ashtoncjw]

Can you use the same strategies for investment linked policies?

[@XaviarGray]

Yep

[@joewilson3559]

I liked the presentation and I am not a critic but if I could offer one suggestion it would be be - decaf.

[@therealdavidcutler]

Please do your research! Life insurance is NOT an investment , TERM LIFE should be used to protect your family in the event of your unexpected and untimely death. YOU CAN DO WAY BETTER INVESTING ON YOUR OWN

[@darwinkumar3039]

FACTSSS

[@Alexcia215]

To be fair….they broke down all the reasons why it IS an investment. You can’t refute a 20 minute video on the benefits by saying “do your research you can do way better investing on your own.” How about you bring an actual talking point that dispels the facts they are giving.

[@samsciascia4004]

Whole life is the vehicle, that helps the investment

[@briannoebel1878]

@@Alexcia215 it’s technically not an investment. Index Universal Life is better anyway. 3-4% ain’t enough.

[@griffindjones]

@@Alexcia215 I just spelled them out in a new comment

[@sulemandesai9806]

Next video can you please explain HELOC for us

[@robertlee412]

Stands for (home equity line of credit)...it's the difference between your home's market value & your mortgage balance, that you can borrow from.. usually at a variable interest rate.

[@rollingekko614]

who should i buy this from?

[@Entire-Zebra]

How much do you need to start this?

[@austinc.8360]

Straight heat 🔥

[@cashrules520]

I thought I could sell my home, and dumped 100k (appreciation in equity).. but founs out that would trigger an "MEC"... the government wont let you fund a whole life insurance policy to fast. Probably gotta create an LLC and S-Corp. But im a retired Veteran..

[@jameskeefe1761]

There are ways around that whether they are cost effective I dont know, such as a term like rider on the whole life policy

[@stephenbell3416]

Can people from UK do this??

[@glamedbykrys9553]

Where’s the link

[@markfoggo1884]

is anything like this available in the UK?

[@namhamada7553]

I have whole life insurance and I see there are a of fees! Like admit, process or other fees!!

[@theforce5191]

Huh?

[@keithnguyen6879]

Can we do this in AUS?