Whole Life Insurance Is The Best Long Term Asset With @TruthConcepts & @KimDHButler

Whole life insurance is one of the most versatile assets in the world. The only challenge for most people is that you need to think long term. In this video, Chris Kirkpatrick sits down with Kim Butler and Todd Langford to talk about the ins and outs of whole life insurance, indexed universal life insurance, and how you can use whole life insurance in your life to accomplish your financial goals.
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📖 Chapter Timestamps Here ⏰
0:00 Intro to whole life insurance as a powerful asset to create wealth
1:55 Kim Butler Introduction of Perpetual Wealth Workbook
3:05 Todd Langford Truth Concepts Introduction
4:45 Whole Life Insurance Can Help In Every Phase of Life
7:30 IUL vs Whole Life Insurance Class Action Lawsuits
9:00 IUL Agents Using Whole Life Marketing To Sell IUL
10:20 How Kim Butler Became Passionate About Whole Life Insurance
15:20 How Todd Langford Got Into The Whole Life Insurance Industry
18:30 Not All Permanent Life Insurance Is Created Equally
25:00 The IUL Challenge Has Still Yet To Be Won
27:10 Rescue My IUL Challenge - email me your illustration
33:00 IUL will have the same problems Traditional Universal Life Insurance had
39:30 Indexed Universal Life Insurance Has Downside Risk
44:00 You Can Never Get Something For Nothing
46:00 Don't Forget About Life Insurance - It's Not Just About Cash Value
47:30 Can You Use Whole Life Insurance To Pay Off Debt? Yes and No
52:45 Whole Life Insurance Has 200 Years Of Historical Success
1:00:30 Build Your Conviction To Sell More Whole Life Insurance
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VALUABLE CONTENT TO CONTINUE THE EDUCATIONAL JOURNEY:
How To Properly Structure A Whole Life Policy
kzbin.info/www/bejne/e3Oqdp6cebRkqNk
Indexed Universal Life vs Whole Life - Which is Better
kzbin.info/www/bejne/sHm4pJtuZ9-Md5I
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🤔 ABOUT LIFE180 😃
Chris Kirkpatrick launched LIFE180 as a solution to a problem. As the director of business development for a Fortune 1000 life insurance / broker dealer, he became disenchanted with the financial industry because of the lack of education provided to clients and how "financial advisors" were really just glorified sales people.
So... LIFE180 was launched to help give relevant financial education for people to create wealth. Along the journey, LIFE180 has evolved. Chris quickly realized he was passionate about not just helping entrepreneurs on how to leverage their money, but how to build their businesses.
Over the past 5 years, Chris has spent thousands of hours mastering the art of online business development for himself and clients. In 2020, LIFE180 morphed into a full service online business launch and development agency. If you need any help creating more revenue or generating more leads online, LIFE180 can help.
www.LIFE180.com
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*All content in this video is for educational purposes only and is not to be interpreted as personal financial advice.
#LIFE180 #CashFlowHacking #CashFlowHacker #ChrisKirkpatrick #InfiniteBanking

[@GlenSFriedman]

Great content as always though a little tough for layman to understand fully. Thank you so much

[@bogaume]

Such a great interview with two of the absolute best

[@monamelte8466]

Aren't we forced to carry insurance on our vehicle's whereas we are not required life insurance??

[@LIFE180]

Yes, auto and home insurance is required. Life insurance is not.

[@monamelte8466]

It was insinuated in the video that there was a choice pertaining to auto insurance. I'm thinking that if people weren't forced to carry auto insurance that many people would not. especially, if they have an older vehicle and very few assets. And for the record, we don't actually legally need a driver's license and insurance to travel throughout the country even though most everybody thinks that we do, including the authorities!

[@LIFE180]

@@monamelte8466 liability is required. Collision isn't if you own the vehicle.

[@philosophyze]

I love Garrett! I've been to the WealthFactory offices in Salt Lake City and met Garrett a couple times.

[@philosophyze]

Hey, you forgot to edit out the name of the insurance company that slipped out. Just a reminder in case you wanted to republish w/o it.

[@philosophyze]

Love learning everything you're teaching. Part of me wants to "sell" Whole Life insurance (with a Term combination). Insurance really is an incredible financial vehicle. I came in from WealthFactory so I knew CashFlow Banking (as they branded it) but I'm realizing it's so much more now that I'm beginning to understand it.

[@dailstancill720]

Debt reduction thru CV life insurance is clever & works, most influencers just jealous they didn't coin it first. Practical applications of policy loans is a perk of WL since the upside is capped at 4% for life. Gotta get creative with it if new clients are your goal.

[@LIFE180]

I didn't say it can't work. I said it doesn't work as often as agents would like to say it does. I've run the numbers every way possible. There are a ton of variables from policy design to the type of debt, terms of debt, and cost of that debt for the client that come into play.

[@dailstancill720]

Both WL & IUL illustrations will not match inforce illustrations run in the future. They are projections, not contractual guarantees.

[@LIFE180]

Of course that is the case. However, in the non-guaranteed of the IUL, they have NEVER matched what they have been sold as over a 10 year period. Not once over the entire 27 year history of the product. With whole life, the non-guaranteed column on the illustration simply shows what it will look like if they pay the dividend every year at the current dividend scale. There is a high likelihood that whole life will outperform what is illustrated at this point. Granted, over the past 40 years, in a declining rate environment, it underperformed illustrations as well. That is how it got a bad wrap...people miss selling it and not explaining what everything means. But we are now in an increasing rate environment and the odds of whole life outperforming what is sold is higher than ever.... that is still not the case with IUL

[@maxpruger837]

WL policy illustrates have a guaranteed and non guaranteed column. The guaranteed column is the guaranteed minimum. The non-guaranteed is a projection with dividends. Dividends are not guaranteed but the recommended companies have paid a dividend every single year for over 100 years. Personally, I have a policy that's 7 years in and is 99.6% of non-guaranteed illustrations. That's close enough.

[@mda0214]

Basically it sounds like its not good to pull out any money from IUL. And if you do that you'll be good.

[@LIFE180]

If they are over funded and you never touch the CV AND it is over funded significantly above target, you should be good

[@dmf5rn]

Wait….Kim and Todd are husband and wife???? Why was that not disclosed?

[@LIFE180]

What do you mean? They each run their own businesses and have been doing so for a long time. I am not going to get into their personal relationship on YT as it has zero to do with their professional positions in the industry. They are both amazing people independently of each other. So, 👍🏻let's focus on that. 👍🏻

[@ptc3619]

Hopefully Todd or Kim sent you a bill after this video was over for that therapy session. There was a good 20 minute span where only you spoke non-stop about that iul garbage. Literally, I thought you were on the therapist couch getting all that off your chest

[@LIFE180]

@@ptc3619 🤣🤣🤣