Revealing The Truth Behind Infinite Banking (with Banking Truths)

[@paulhanley3098]

The most real, practical and straightforward insight about IUL. Been watching Hutch for several years!

[@DennisYu]

Hutch and Caleb are two of my favorite people. I trust them as professionals and as friends.

[@JasonBrown033]

There's an old saying, "Give credit where credit is due." As a 25-year veteran in the insurance & financial services industry, I think both of these gentlemen did a very good job in this exchange. And kudos to you guys for discussing both whole life and IUL in a productive manner!! Thank you! It's very rare but good to know I'm not the only one advocating for considering both products, instead of only one versus the other. Every situation is different! But you guys nailed it --- regardless if we're talking about IUL's or Par Whole Life a real "key" is properly designing and structuring these policies!! Furthermore, all companies and products are not created equally! And consumers must realize that all insurance agents and financial advisors are not created equally either! Thanks for the interview and being vulnerable. Good stuff!

[@BetterWealth]

Jason - thank you so much for taking time to write this out! These are the kinds of comments that encourage me to keep going 🙏.

[@fuzzyelm1]

You must be as ignorant as they are or you are just as much a thief as they are ! It’s stupid to give your money to a company just so you can pay a free to borrow it back and you think that’s making your children rich ? You just gave away your children future if you use this

[@6040adam]

Hutch is great... been watching his stuff for years!

[@dylanrobertson68]

I really enjoyed this conversation and the transparency. It reaffirms a lot of steps I’ve recently taken. I also really appreciated Hutch’s comments on how the BYOB book/content can be a bit elevated which has caused me a lot of internal conflict. I’m in the process of buying a new car and have been wrestling with how to fund this purchase so I will definitely check out your content on that. One distinction that has helped me is that with car loans, they are commonplace and fairly easy to get due to the collateral. However there are a lot of other opportunities that it would be next to impossible to get a traditional bank loan on which is when cash value policy loans are gold!

[@mgallegos4708]

Well stated!

[@jdubb1987]

Please correct me if I’m wrong… the main difference between WL and IUL is that IUL has “flexible premiums” WL does not… and WL traditionally has a “fixed rate” of return and IUL traditionally has an “Indexed rate” of return. Is that correct or am I missing something??

[@DallinBunnell]

I loved this conversation! Since I joined the industry, my company has focused much more heavily on IUL. I've been watching and reading your content and Garret Gunderson's content on WL. I've had an internal struggle in knowing which would be better, so I appreciated the candid opinions on this. I do think both will work, and it'll come down to what the client prefers - more guarantees, or more accumulation potential. I spoke with my mentor on the subject last week, and he said he prefers IUL for one main reason: flexibility. He said he's had plenty of WL clients who came on hard times in their business and couldn't keep up payments, whereas with the IUL the client could pay minimum for a year or two (or use the cash value if absolutely necessary) until things got back on track.

[@samsciascia4004]

Depends on how much base and how long you have had the policy

[@mgallegos4708]

WL has nonforfeiture options so the policy isn’t lost.

[@DAVIDRAINWATER]

This was a good interview for many reasons. The end made me laugh bc so many of us that want to and have really educate the public in a modern way more in line with how people make major purchases and create processes for them to do so, we let go of the SEC licenses so that we can do that. Never heard of him before, I will be checking him out. Keep going BOOOOOMMM!

[@BetterWealth]

Appreciate this comment! And yes please do!

[@DAVIDRAINWATER]

@@BetterWealth I did. He cool af!

[@jdubb1987]

Can’t you select a “fixed rate” strategy in an IUL … also change the investment strategy year after year thereby giving a client more “optionality” with IUL?

[@tufinanciallab]

GREAT conversation 🎉

[@calebholland8042]

So excited to see this! Love the content from both of you & so glad to see a collab.

[@BetterWealth]

Love this bro!

[@WalkingTall-f1j]

Thank you once again for another lesson in financial literacy Caleb!! Do you have a segment/show that includes every day people that are not employed in the financial/insurance sales industry, that are currently experiencing actual success with a Dividend Paying (Infinite Banking) Whole Life Insurance policy? If so please direct me to it. If not, it would be a very good tool to show consumers some success stories.

[@BetterWealth]

Hey Tom I just posted this interview today with a guest that does exactly that :) kzbin.info/www/bejne/mmfaopxqgpqjhdU

[@WalkingTall-f1j]

@@BetterWealth Thank you Caleb! Keep these types of videos coming. I'm Hoping the people will begin to listen if they're also hearing it from people like themselves! Have you ever watched the YT video: Cash-Flow Banking explained simply By: learnaccountingfast published 8yrs ago. I've Read your incredible book and several more that you suggested, like, What Would The Rockefellers Do. I believe you've covered all of what he's stating in the video, but there might be a few small important items you've forgotten to include. The biggest problem I've noticed with most of the honest YT advisors pushing Infinite Banking, is their presentation. They're leaving out small, but pertinent info, and that's all that people need to forget this vehicle exists, and return to the liars out there that are setting them up for an impoverished retirement!!

[@BetterWealth]

@@WalkingTall-f1j Thank you! And I believe I have seen that video but it's been a while. Would love to hear any feedback you would have on the small details you believe I've left out. I of course want to present as much information as possible so if you have specific examples that would be greatly appreciated!

[@siulanainad]

You learn how not to lose money from other people and from you “losing money”.

[@CdotForbes13]

This was an great talk. When you guys mention players in the space that are setting up problems down the road are you referring to the “premium finance 2.0” model from Curtis Ray?

[@dantsmith16]

Is it possible to get a policy loan via ACH transfer or is it literal paper checks in the mail?

[@bubblewrap4793]

Mine was ach

[@cwall216]

This was good. It somehow made it past me.

[@sogsamson]

I'll stick with Nelson Nash. BYOB is the standard. All others are supplemental, derivative, or an imitation.

[@GrowFreedom]

Your rate is better at a bank but you lose control of payment schedule.

[@BetterWealth]

Correct! If interest only payments are not ideal then I 100% lead on insurance company loan where I am not even required to pay interest out of pocket.

[@fuzzyelm1]

The only people getting rich from this terrible product are the people selling it and the insurance companies! Not one person that has invested in this product had better gains than mutual funds in fact as bad as gold is it has been a better investment than this trash

[@kriskris5989]

I am not in the insurance business..I am an IT consultant and a Real Estate Investor, RE will be my primary investment, with that being said..here is my take on Insurance, buying an insurance as an investment is a bad idea, I agree with you there..cash value life insurance is not a very efficient accumulation tool, Index fund or a Mutual Fund will get you better returns in a 20-30 year period..I look at insurance as a vehicle to park my cash, I look at it as a saving account not as an investment..I park the money I get as rents from my rental properties in CVLI policies because I am happy that I am getting an additional 4-6% returns on my idle cash and the money is liquid, I can borrow money from insurance companies by using my cashvalue as a collateral, in most cases after factoring in the interest they would be crediting me on my cash in the policy, the cost of borrowing will end up being 0-1%..since I am buying my investments with cash, I buy properties 20-30% below market value and once fixed up an rented out, I go to a lender and refinance and pull most of my cash out,in some cases I have been able to pull out more money than I put into the property..once I get the cash from a lender, I payoff my policy loan..I then rinse and repeat this step..Cash value life insurance is not for all, it has worked phenomenally well for me..the big downside of theee policies is that, no matter how well they are designed, it will take 4-5 years to breakeven.. so you will be in the negative for the first 5 years..I am ok with that..not everyone is..for people who value liquidity over higher ROI, it works well..we can’t put everyone in the same boat..people have to look at what works for them and decide if an insurancr policy will serve their need..