How We Use The Cash Value Inside Our Whole Life Insurance Policy | Wealth Nation

[@WealthNation]

✍🏾 Are you ready to Start a Policy? Complete our new client application. bit.ly/WN-New-Client

[@TeddyAlexanderv6]

Investments are the roots of financial security; the deeper they grow, the stronger your future will be."

[@OscarBarnaby3k]

The deeper your investment roots, the stronger your financial security will be in the future.

[@GraceOliviaf7y]

Exactly! With my adviser, I’ve cultivated deep investment roots, strengthening my financial security for the future.

[@RubyOliverm5l]

I would love an introduction to an adviser who can help me strengthen my financial roots.

[@GraceOliviaf7y]

My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further.

[@RubyOliverm5l]

Thank you for this amazing tip. I just looked the name up and wrote her.

[@denson3001]

The information that you provide is beneficial and practical. I learn something new each time I listen to you that pertains to life insurance/finance/money that I was never taught or trained even as a former life insurance salesperson.

[@AdamDoran]

So cool that you used your policy to buy a car! I’m about to do that!

[@303Estates]

Great video!!! Question... is there a way to use your concept to avoid capital gains on the sale of highly depreciated rental properties? Thanks!

[@jakebodensteiner3318]

Wow! You guys rock! This was my first time watching you two. I can wait to watch the next one. You made whole life so understandable. Thank you both!

[@sescott7500]

Thanks for the info. On my way to being wealthy and healthy. Keep up the good work, please!

[@kolanuttvillage21]

Sound good but you left out a big part-How much is the cash value, how long have you had the policy to have this amount of cash value, plus if you are paying it back that’s still money coming out of your pockets so all these spending was done over approximately how many years? Thanks luv you guys

[@CraigBarrettEsquire]

if you invested the premium you have greater control over that money (the entire amount). It is very unclear why WL is ever the better option to investing in the market.

[@Elsarealtor]

Great ideas thank you

[@chucalissa9231]

How many policies you have ? And the kinds you have ?

[@tayler2883]

How long did you let the cash value build up before doing these things?

[@Jonahrattler]

This is the question I'm waiting for the answer to.

[@paulinewilson3170]

How long you had your life insurance for before you built enough cash value to be able to borrow for that policy to pay off your debt or to buy a car cash etc etc. What kind of policy you had and what was your premium

[@atypicalbrotha]

What's the difference between the whole life and IUL life insurance policy?

[@IamThatDude]

I know you are asking them, but if you don’t mind me answering. One difference is the risk of loss with an IUL. Because an IUL is subject to the market, it has inherent risk. Whole Life is not tied to the market, has a guarantee (contractually) to pay a certain amount and has 0 chance of risk. Another one I experienced was when I wanted to refi my 1st lien HELOC and needed to show savings. I do not have traditional savings because my money is saved in our HELOC (Velocity Banking). The banker asked if it was an IUL or Whole Life. He said IUL cannot be used to show income because it is not guaranteed, but my Whole Life satisfied the requirement. Just my $.02

[@stephengilstrap]

IUL means "Indexed Universal Life" which means the base policy amount goes toward the actual insurance, and the PUA goes to a fund tied to an index like the S&P 500. The good years are good but capped to a certain % of growth, and you dont get dividends from any stocks. The bad years are somewhat protected by a 0% floor meaning they wont let you lose even if the market goes below the floor. However, the problem with IUL is in the later years where the cost of insurance skyrockets out of control and eats the policy alive. Chris with Life180 explains this very well in his YT videos. You want to use Whole Life because the contractual guarantees make a strong foundation for your cash value and policy as a stable vehicle for future use.

[@mrmarty1403]

​@@stephengilstrapI didn't even think about this. Appreciate it.

[@RainbowSalad]

Do you have video on explicit details of monthly expenses? I heard you say in this video to pay the year up front on fixed monthly payments from a policy loan and pay the policy loan back monthly. Like you, I separate fixed costs and variable purchases. You also mentioned in this video quarterly policy loans to pay off credit card charges, but what about paying off credit cards monthly because they charge 25.99%-29.99+%?!! Would you please make a video (if you don't have one yet) on using policy loans for paying off monthly credit card balances?

[@scotts6264]

Great stuff

[@justwannaparty1]

Amazing

[@JDavino-s2n]

I have about 100k in cash value and 100k in cash collecting 5.5%. My mortgage is 3.5%, so does it make sense to pay down the mortgage?

[@christinabowleg4480]

Are you paying back to your policy monthly, yearly?

[@josemanueldacostadiogo5574]

Hi, so it works in America not in Europe or England.

[@CraigBarrettEsquire]

Why not simply use the high premiums for this insurance policy and apply it to your credit card debt directly? Wouldn't that pay it down faster?

[@WealthNation]

We needed to be sure to have the premiums we know we could maintain regardless of our financial circumstances. Having a whole life insurance policy 10 years from now is more valuable than paying our credit card debt faster. It’s more like marathon rather than as sprint.

[@CraigBarrettEsquire]

@@WealthNation why not just take what you would have paid in premium and invest in a SP 500 index fund or ETF which historically outperforms any investment in a WL policy? Additionally the cost of the policy could instead be be invested in the market to enjoy the higher return.

[@WealthNation]

With my savings I was looking for a guarantee and life insurance is the only product that gives me that because I’m guaranteed to one day use it. As I got out of debt and had free cash flow we use that money to invest and make more money. It’s a process and not an either or, we want it all

[@CraigBarrettEsquire]

@@WealthNation I guess my question is this: if you take the same amount of money that would have been contributed to a WL policy (let's say 10k per year) and you instead invested that money on a dollar cost average basis in a low cost S&P 500 index fund , based on current market trends, wouldn't you have more than the face value of your policy and the cash value combined in 15 (or 20) years? And there is no restriction to the access to your funds, furthermore you can also borrow against your brokerage account using margin without selling your position. Considering this, is WL more advantageous? And if you still wanted life insurance coverage during your early years you could opt for a low cost term policy to hedge your risk of dying early. What am I missing?

[@therock1232100]

You have accumulate that cash value to get the loan from the policy?

[@IamThatDude]

Yes. Some cash value is available right away. Depending on how it is set up, while you are building in the beginning, it may take 3-5 years to get the total amount of what you put in, and after that, you get more than what you put in. If you can, read the book “Becoming Your Own Banker” by R. Nelson Nash. He is the creator of this concept.

[@christinabowleg4480]

His face during the windows is hilarious

[@titusrogers3146]

Damn Windows! Hahaha!!!!

[@hallen2748]

Are you guys taking policy loans or collateral loans?

[@troygeiger9707]

Guess there is no link to 52 uses as promised.

[@WealthNation]

Thanks for the reminder. We've updated the description with a link to download :)

[@massielpezzino]

😂😂😂 hey pretty windows

[@wts7273]

I wish you guys had more financial knowledge content other than constantly talking about your life insurance policies. It seems a bit obsessive. Not learning much here. Seems like you’re constantly trying to justify your choice.

[@IamThatDude]

You missed when they talked about all the real estate they bought, etc.? Infinite Banking using Whole Life Insurance is what they focus on. You are missing the value in their information.

[@domman1077]

The fact you think they’re only talking about their policies in this video shows that all of this information is going through one ear and out the other. Really take time to understand what they’re saying.

[@wts7273]

@@domman1077 I stand by what I said. I’ve unsubscribed. I don’t need an insurance policy when I’ve saved up my own. I t do not need to use it like a line of credit when I’ve made my own safety net. Period.

[@domman1077]

@@wts7273 Your savings are earning -6% per year. 70% of Americans will need long term care. The cost of long term care at the moment is about $400,000 and will be close to $600,000 in the next decade. Hope you saved enough Good luck.

[@pre-pachroniclesbychristin1800]

I appreciate this perspective however: 1. I would need to have a significant amount of cash to front load a policy or pay into it for a good 5-10 years before I could use the policy in the way you two have. 2. The interest paid does not go to my cash benefit. I am not paying myself back PLUS interest. The interest goes to the company for offering me the loan to use. For this reason, I wouldn’t use it to dine out. Why pay 5% interest when I could use a CC and get cash back and pay it off before the interest kicked in?? I love how you all have leveraged the account. It gives me a million ideas, but I can’t help but feel like some VERY important info is missing here in these videos.