The Best Whole Life Insurance Policy Design

[@BetterWealth]

Learn more or talk with someone on our team 👉 bttr.ly/vault

[@markf.2050]

Wow! It would appear that almost $125,000 in commissions and fees are being taken right off the top! What a deal! Where do I sign up?

[@Mike_Affholder]

Finally a video with numbers! omg I dont know how many videos I have sat through with the same mumbo jumbo but no real life scenarios.

[@BetterWealth]

We have lots of videos with numbers! Also, we have a second channel called @AndAsset that we will be releasing tons of number based videos and case studies so that would be a good channel to subscribe to!

[@Mike_Affholder]

@@BetterWealth thanks I was searching through the videos I found some.

[@BetterWealth]

@@Mike_Affholder Great!

[@alexsmith2946]

Appreciate you guys putting this info out there. A lot of misinformation and misconceptions about WL structured for cash accumulation

[@BetterWealth]

Of course! Glad you liked the video!

[@ashleyzh7173]

Thank you so much for the video. I like the company does 13%-87%. Can you recommend a company who can provide the similar split ? Thanks

[@MarioNucci27]

Thanks for the great content, as always!! Current have several policies up here in Canada!

[@AnthonyBove]

Any way i could get my hands on that spreadsheet? There are a few different scenarios I’d like to run numbers on… or can you show me a 17/83 with a $100k ceiling?

[@lisagosweilercslp]

Thank u guys so much - this was a great video - I liked the front loaded one as well.

[@BetterWealth]

Glad you enjoyed it! Please let us know if we can help you in any way.

[@lajuanjohnsonbtc9634]

Do you have any videos that the average person can relate to? For example, someone who doesn't front load their policy but only pay the premiums.

[@thehappydaysapp]

Do you have a video which compares the strategy where all you do is a term insurance and then invest the difference in the market? Let’s say for the return of about 7% per year.?

[@BetterWealth]

We have several videos that cover this to an extend. Check out our videos with Todd Langford (truth concepts). One thing to keep in mind though is we don't argue that whole life insurance is valuable because of it's ROR. In fact, we don't think it's an investment at all, so comparing it to investments isn't something that makes a lot of sense to us. That being said we have covered this in a couple videos, just to compare and contrast the strategies!

[@richp5064]

Those first examples look like guardian. I have a guardian policy with a 10-90 split. One of thr best things about 10-90 is if something happens and you cant fund the full amount you dont have to. Your only obligation is the premium which would be very small, 10% plus the term rider. Then as things get better you can catch up later. This is when people loss thier policies, they want to ability to fund say 30k a year with a high premuim thier commitment is much higher and can be a burdon if something changes in thier lives but, with a 10-90 split you only have to commit 3k plus ther term cost of around 800.

[@karenwelch7980]

What’s smallest policy that could be written to perform IBC? What if one only has 5k cash?

[@BetterWealth]

Truthfully it’s all dependent on someone’s cash flow. I don’t like to give general answers without knowing someone’s financial situation. That’s how people get stuck in poorly written policies because they’re told one number but don’t cover what actually makes sense for your life. I’d encourage you to schedule a clarity call with our team who could give a much better reply with more information on your financial situation. You can find the link to the clarity call in the description of this video 😊

[@benjaminschneider5657]

Great video! Are these policies at risk of becoming a MEC due to the term riders and when they expire?

[@BetterWealth]

The short answer is no. We have it illustrated with dropping the term rider.

[@benjaminschneider5657]

@@BetterWealth interesting and thanks for the reply. I booked an initial call with your team for next week. Look forward to it.

[@larryweiss7203]

Is there a calculator to determine what's right for me depending on the amounts I want to invest

[@BetterWealth]

Actually we’ll be launching a calculator early next week!

[@bigjim005]

what mutual companies have you found that seem to offer the best results for either cash value or death benefit or both? Any far and away leaders?

[@BetterWealth]

In our second channel Dom from our team made a great video breaking down which companies to avoid and then he goes through a list of the companies we like and use ourselves - kzbin.info/www/bejne/eqLbpquAmLN-pZI

[@AndAsset]

Love these video collabrations!

[@cwall216]

Thanks for sharing. This helps a lot.

[@BetterWealth]

My pleasure! What was your biggest takeaway in this video?

[@cwall216]

@@BetterWealth The different designs of the policies. I was aware of a couple; however, the 17-83 and 10-90 were new to me.

[@liaoweien]

Thanks for the Content. Which company is this?

[@BetterWealth]

In our videos we use multiple companies (just like we do in our busienss). Right now our whole life videos will have either Lafayette Life, Penn, Mass, One America and Guardian. We will have videos in the future laying out each carrier and the pros and cons when it comes to policy design.

[@BetterWealth]

In this video I believe we used Penn Mutual and Lafayette life. But we used it for example not saying they are the best carriers . I hope that helps 👍

[@cesardiaz8593]

What’s the best life insurance

[@sergiogarcia7171]

So. Is this a whole life or an iul?

[@BetterWealth]

Whole life

[@sergiogarcia7171]

It' looks so much like an iul. What type of whole life is this? Increasing dB?

[@BetterWealth]

@@sergiogarcia7171 This is what we call an overfunded whole-life design which gives access to lots more cash value early on versus a standard/traditional whole life insurance policy.

[@jesseallen1742]

So what if you have 500k cash to start how does that work

[@mcr7379]

Great content! Thank you!

[@BetterWealth]

My pleasure!

[@Interstellar987]

What if the client dies trying to build up that cash value, wouldn't the insurance company just take the cash value?

[@BetterWealth]

When the client dies their death benefit would get paid out. If the client was max overfunding the death benefit would also grow making up for the fact that they are building cash value. Notice the death benefit column and how it grows each year.

[@timothythompson4036]

Notice the death benefit is in the millions, it dwarfs the cash value.

[@Interstellar987]

@@timothythompson4036 Yes but the client still loses the cash value

[@Interstellar987]

@@BetterWealth Wouldn't the premium also increase if the death benefit grows too?

[@jordanperrault5039]

​@@Interstellar987not at all. Like they talked about these policies are "max funded" so they are paying well above the "target" premium.

[@roylee3073]

that planning 50 years out sounding alot like a traditional retirement plan, it's interesting how time is considered but what you give up in never addressed.

[@rafau8612]

Minute 18 I’m still not a life insurance guru I don’t know what went wrong I’m loosing hope. Maybe I’m half a life insurance guru I’ll watch it again and I’ll be a life insurance guru.

[@FKAT420]

Great Content. 💯🇺🇲💯

[@BetterWealth]

Thanks so much for watching! What was your biggest takeaway?

[@jdubb1987]

Are these policies illustrating HIGHER now that interests are up?

[@donkreed]

This is a good idea, but it may not be suitable for everyone, especially those who earn less than $60,000 per year. $4,000 per month is quite a lot of money.

[@jayhernandez6812]

Let's say I put $500.00 and leave it for 1 year, is gonna make money?

[@rajbeekie7124]

NO

[@jayhernandez6812]

How money you have to put monthly to earn fast money?

[@WhiteStraightarrow]

Cash value life insurance

[@casseophealejarde-khaizen]

I heard Christ! This made me very excited. Jesus is my Lord and Savior!

[@BetterWealth]

Glad to have you here sister!

[@WhiteStraightarrow]

Awsome❤

[@bassgroove3861]

So a 36 year old is going to put in 50,000 a year. If they just take the 50K and invest in markets, and get average of 7% per year until age 70, they'd have 4.3 million dollars- and counting as they continue to live.

[@emojidinosaur7300]

go do it.

[@irinaantsiferova4625]

you forgot about taxes!

[@teamrecon2685]

And...complete liquidity. And...not be tied to a contract.

[@LeaDervily]

Use a realistic number

[@BetterWealth]

What's the number you would like to see?

[@BillIggins]

Your not talking about what’s called “The Capital Equivalent of Money” you would need 12 percent return to get the same real cash when you die it’s not about the cash value it’s about the borrowing power and the death benefit off of small amounts. Use other people’s money

[@jorgevelasquez9955]

In what world can a 36 year old put away $50,000 away per year! Your viewers must be super rich ! Why not show a policy with more realistic numbers?

[@liseydamontoya2994]

Completely agree 😂😂😂😂

[@kemcC90]

It is same lol....50k or 5k or 5m. Your compounding rates will do a job on every cash value.

[@lajuanjohnsonbtc9634]

That is what makes these videos unwatchable. I love the concept and have a policy,but the amounts they start with don't apply to me or most people I know

[@edbarajasii]

😂

[@jcrockett870]

My agent said very few policies that are sold are WL and the most common value is 50k... which requires a deposit of 2k per year.

[@rajbeekie7124]

Seeing death benefit in terms of legacy is a terrible idea. If this is what folks will be inheriting they will BLOW it within 10 years. Overall, the average person taking out a policy will get the short end of the stick. The insurance company has to pay bills, etc. The only time it works in the client's favor is if s/he dies young. Insurance is great for risk management. It is terrible for wealth preservation, legacy, etc.

[@thelion7017]

I don’t know too many people that could put $50,000 a year into a policy

[@BetterWealth]

This is more for an example but there’s lots of individuals that want access to lots of cash value early and will put in this or more!

[@irinaantsiferova4625]

exactly! Also I dont hear from the beginning what is the death benefit originally?

[@barracade24]

That’s what I’m saying. I get it, but where is the more reasonable pricing. 😂

[@swhdent]

Though everyone doesn’t earn this kind of income, I make over $1 million a year. This video was very pertinent for someone like me. However, it’s also pertinent for anyone else. You’re getting lost in their examples of numbers and missing the point. The reality is the numbers work out the same for your income as well. It doesn’t matter how much your income is, what matters is your ability to live below your means, and as a percentage of income; consider their recommendations. Take a step back and look at the big picture. Instead of throwing in the towel so early.

[@BetterWealth]

I appreciate your understanding and adding this clarification for other viewers!

[@mikej3571]

cash values are a joke and you know that a dividend is nothing but a refund of an overcharge. An the numbers you read aren't the real cash values.

[@jordanperrault5039]

Illustrations give projected but no guarantees. As the interests rates depend on whatever market the company is investing in so the rates will vary between 2% and 8-9% Of course most only Illustrate for a 6% max to stay on the safer side. As for the cash value being a joke why do you think that? It's no more of a joke as Equity in your home is.

[@kennykistler6735]

Whole life insurance is a TERRIBLE product. STAY AWAY FROM WHOLE LIFE INSURANCE!

[@BetterWealth]

It definitely can be if set up improperly. Would you have any interest in coming on the show and discussing why you think it's terrible?

[@kennykistler6735]

@@BetterWealth No. It's Personal Finance 101. Tons of explanations are available about why whole life insurance is terrible.

[@akinloyeakinfenwa598]

@@kennykistler6735 Have a discussion. It would not hurt. He put out an illustration and explained his points. If you are telling people what to do in CAPITAL LETTERS, I think it should not hurt for you to be more explicit with your opinion.

[@popgoestheweasel95]

Mentioned Christ/faith but not safer than any other product. I’m out!!

[@BetterWealth]

We appreciate you watching either way. Have a good day!

[@WhiteStraightarrow]

Bye

[@globright9127]

Unrealistic examples